Author: lbostgadmin
Sri Lanka stocks close up 0.5-pct: Budget gains
Nov 23, 2015 (LBO) – Sri Lankan stocks closed up at 0.55 percent on Friday with John Keells Holdings and other index heavy stocks showing gains following last Friday’s budget, brokers said. The Colombo benchmark All Share Price Index closed up 38.40 points at 7,055.84 up 0.55 percent. S&P SL20 closed 8.61 points higher at […]
President plants ‘Na’ tree at Westminster House
President Maithripala Sirisena planted a Na tree in the garden of the official residence of the British High Commissioner (Westminster House). The event was to mark President Sirisena’s last week as Commonwealth Chair-in-Office before he departs for CHOGM 2015 in Malta. President Sirisena and High Commissioner James Dauris met to discuss this week’s Commonwealth Heads […]
PTL Watch: Yields up, thin trade ahead of monetary meeting
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Sri Lanka budget has reformist agenda: CT CLSA
Nov 23, 2015 (LBO) – The 2016 budget can be termed as a reformist agenda, that looks to address short-term risks to the economy while setting up Sri Lanka for the long run, CT CLSA Securities said in a report on the budget. "Being used to budget speeches that were extremely populist, or included implausible […]
Fitch maintains negative outlook for Sri Lanka’s telecom sector
Nov 23, 2015 (LBO) – Fitch Ratings will maintain a negative outlook for Sri Lanka’s telecom sector due to uncertainty over proposals to increase taxes, which are likely to lower profitability and increase leverage for telcos, if implemented, Fitch Ratings said. The full statement by Fitch is reproduced below: Fitch Ratings-Singapore/Colombo-22 November 2015: Fitch Ratings […]
Budget 2016 is forward looking: CSE Chairman
Nov 23, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange chief Vajira Kulathilake has said the budget 2016 is forward looking and praised tax breaks and other support given to the stock market. The full statement is reproduced below :- It is admirable to note the support extended to the capital market of Sri Lanka […]
Sri Lanka to sell Lanka Hospitals, Colombo Hilton, Hyatt, Waters Edge and Mobitel on CSE
Nov 23, 2015 (LBO) – Sri Lanka’s government plans to sell some of state-owned non strategic investments on the Colombo Stock exchange to raise money to reduce debt, Finance Minister Ravi Karunanayake said delivering the 2016 budget in parliament. “The government is keen to streamline its portfolio of investments and will therefore exit partially or […]
Sri Lanka’s CSE approves Rs.750mn Peoples Insurance IPO
Nov 23 (LBO) – Sri Lanka’s People’s Insurance, a fully owned subsidiary of People’s Leasing and Finance will be listed on the Colombo Stock Exchange through issuing offer 50 million shares, a statement said. “Through the Initial Public Offering, People’s Insurance will offer 50 million shares at 15 rupees each with the total value being […]
Mangala welcomes Samantha Power, US permanent representative to UN
Remarks to Media by Hon. Mangala Samaraweera, Minister of Foreign Affairs following talks with H.E. Ambassador Samantha Powers, Permanent Representative of the USA to the United Nations Ministry of Foreign Affairs. 21st November 2015 Good evening ladies and gentlemen. It has been an honour and a privilege today to welcome Ambassador Samantha Power to this historic Republic […]
Budget 2016 Big, Bold and Progressive: Lanka Securities
Nov 22, 2015 (LBO) – Lanka Securities Research has released their preliminary assessment of the budget proposals with its impact on the listed companies.Reproduce below is the report. [pdf-embedder url="https://www.lankabusinessonline.com/wp-content/uploads/2015/11/Budget-2016-Big-Bold-and-Progressive.pdf%22]
Chamber welcomes Budget as Investment and Development Oriented
Nov 22, 2015 (LBO) – The Ceylon Chamber of Commerce has welcomed the Budget 2016 for its measures to boost private investment and promote inclusive economic growth. The statement is reproduced below. Budget 2016 has shown a commitment to enhancing private sector participation in the economy through PPPs, begin to rationalise state expenditure, undertake some […]
