Author: lbostgadmin
Should you invest in a rental property?
The rental market in Colombo and its suburbs, including Malabe, Battaramulla and Wattala, is growing, as property prices increase. With property prices on the rise, owners in Colombo are in a fortunate position. They can either sell their home with a very high profit margin or simply rent it out to earn short or long-term […]
Sri Lanka stocks close down 0.1-pct: Eight and a half month low
Dec 09, 2015 (LBO) – Sri Lankan stocks closed down at 0.11 percent for a fourth consecutive day, Wednesday amid the increase in treasury yields after six weeks of decline, brokers said. The Colombo benchmark All Share Price Index closed down 7.54 points at 6,841.55 down 0.11 percent. S&P SL20 closed 8.38 points down at 3,616.01 […]
Sri Lanka has borrowings of USD1.5 bln in pipeline for next year
Dec 09, 2015 (LBO) – Sri Lanka may go to international markets to raise up to 1.5 billion dollars next year for budgetary financing, in line with the amount raised this year, a central bank official said. Sri Lanka raised 1.5 billion dollars in a 10-year sovereign bond issue in October with a coupon of […]
Sri Lanka treasury bill yields up at auction
Dec 09, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up at Wednesday’s auction with the 12-month yield rising 6 basis points to 6.92 percent, data from the state debt office showed.The 3-month yield rose 04 basis points to 6.10 percent and the 6-month yield rose 05 basis points to 6.35 percent. The debt […]
Uber officially launches in Sri Lanka
Dec 09, 2015 (LBO) – Uber, a global ride sharing company with an on-demand technology platform and app that connects commuters who need a ride and licensed drivers, announced the official launch of its uberX product in Colombo, Sri Lanka, Wednesday. “Demand for Uber is rapidly growing as more and more residents and tourists in […]
PTL Watch: T-bills yields up unexpectedly at auction
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Sri Lanka alcoholic beverage demand sustainable despite higher prices: Fitch
Dec 09, 2015 (LBO) – Sri Lanka’s alcoholic beverages makers in will be able to pass on back-to-back increases in excise duties to consumers without worrying about them shifting to the more affordable illicit market, Fitch Ratings says in a new report..Full release follows: Fitch Ratings-Colombo-08 December 2015: Makers of alcoholic beverages in Sri Lanka […]
‘s Kvintradze
Dec 09, 2015 (LBO) – With the end of a war and recently built infrastructure, Sri Lanka businesses are well placed to benefit from new opportunities, Eteri Kvintradze, the resident representative of the IMF, said. Despite external vulnerabilities and concerns about fiscal consolidation, Sri Lanka can be competitive in the South Asia region, Kvintradze said. […]
Sri Lanka stocks close down 0.1-pct
Dec 08, 2015 (LBO) – Sri Lankan stocks closed down at 0.14 percent with losses in Ceylon Tobacco Company and Distilleries Company, brokers said. The Colombo benchmark All Share Price Index closed down 9.54 points at 6,849.09 down 0.14 percent. S&P SL20 closed 20.77 points higher at 3,653.70 up 0.57 percent. Turnover was at 982 […]
CA Sri Lanka launches Mobile App
In its continuing efforts to remain current and progressive, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched it’s corporate mobile app.The mobile app which was launched by the President of CA Sri Lanka Mr.Arjuna Herath, is available for users using mobile phones with Android, IOS and Microsoft operating systems. The CA Sri […]
PTL Watch: Little activity, bond yields tick higher
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Sri Lanka exports fall 6 pct in September, imports down 5-pct
Dec 08, 2015 (LBO) – Sri Lanka external trade continued to contract in September with exports falling 5.9 percent to 850 million US dollars and imports falling 5.1 percent to 1,583 million US dollars, compared to the same month last year, official data showed. The Central Bank said industrial exports fell 4.7 percent to 636 […]