Author: lbostgadmin
Ratings
September 18, 2014 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Citibank Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka) with a stable outlook , the rating agency osaid in a statement. The full statement is reproduced below:- KEY RATING DRIVERS CitiSL’s rating is the highest on the National Rating scale and reflects the credit […]
Sri Lanka stocks close up 0.4-pct
Sep 18, 2014 (LBO) – Sri Lanka’s stocks closed 0.39 percent higher with tobacco and beverage stocks gaining amid strong foreign participation, brokers said. First Capital Holdings closed 4.10 rupees higher at 42.80 rupees, attracting most number of trades during the day. Foreign investors bought 995.22 million rupees worth shares while selling 966.21 million rupees […]
Sri Lanka President reduces fuel and electricity prices
Sep 17, 2014 (LBO)-The Government of Sri Lanka reduced the prices of fuel and electricity tariff with effect from midnight yesterday, a media report said.President Mahinda Rajapaksa announced the reduction of prices at the inauguration of Unit II of the Norochcholai Power Plant, together with Chinese President Xi Jinping. Price of a liter of petrol […]
Sri Lanka stocks close higher
Sep 17, 2014 (LBO) – Sri Lanka’s stocks closed higher Wednesday amid strong foreign buying, brokers said. Lion Brewery Ceylon closed 19.70 rupees higher at 635.00 rupees and Sri Lanka Telecom closed 80 cents higher at 53.90 rupees, contributing most to the index gain. Chevron Lubricants Lanka closed 10.00 rupees higher at 341.40 rupees and […]
Sri Lanka Treasuries edge lower
Sep 17, 2014 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 6-month yield falling 4 basis points to 6.23 percent, data from the state debt office showed. The 3-month yield fell 3 basis points to 6.15 percent and the 12-month yield also dropped 3 basis points to 6.26 percent. […]
Sri Lanka GDP grows 7.8-pct in 2014 second quarter: Census Dept
Sep 16, 2014 (LBO) – Sri Lanka’s gross domestic product was up 7.8 percent in the second quarter of 2014 compared to 7.6 percent in the same period last year, the state statistics office said. The total economic output in Sri Lanka, measured by the Gross Domestic Product for the second quarter 2014 (April, May, […]
LOLC Group acquires 60 pct stake in Cambodian Microfinance Company for USD 20.3 Mn
Sep 16, 2014 (LBO) –Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in Cambodia, for 20.3 million US dollars, identifying the immense potential in emerging economies of the South East Asian region the company said in a media release. The LOLC Group’s business expansion […]
Sri Lanka stocks close higher
Sep 16, 2014 (LBO) – Sri Lanka’s stocks closed in the green Tuesday with the price gains of food, beverages and tobacco stocks, brokers said. The Colombo benchmark All Share Price Index closed 1.13 points higher at 7,176.10, up 0.02 percent. The S&P SL20 closed 2.34 points higher at 3,976.76, up 0.06 percent. Turnover was […]
Sri Lanka ranked 19th in creative productivity index by ADB
Sep 15, 2014 (LBO) – Sri Lanka ranked 19th in creative productivity index which was jointly developed by Asian Development Bank and Economist Intelligence Unit (EIU) to give policy makers a to assess how best to foster creativity and innovation in 22 Asian economies.“As countries seek to innovate to avoid middle-income traps, all governments especially […]
Sri Lanka stocks close down 0.61-pct
Sep 15, 2014 (LBO) – Sri Lanka’s bourse closed in red mainly due to counters Commercial Bank and Carson Cumberbatch, brokers said. Commercial Bank of Ceylon closed 5.30 rupees lower at 156.00 rupees and Carson Cumberbatch closed 15.10 rupees lower at 439.90 rupees, contributing most to the index drop. Sri Lanka Telecom closed 1.20 rupees […]
’s Unrealized Profits passes Rs10Bn mark
Sep 13, 2014 (LBO) – Sri Lanka’s Employee’s Provident Fund’s unrealized profits of the share portfolio passed 10 billion rupees on September this year, Central Bank said in a media release. Realized capital gains and dividends have amounted to 3.4 billion rupees to data this year. During the first half of 2014, there were allegations […]
Sri Lanka stocks close up 0.27-pct
Sep 12, 2014 (LBO) – Sri Lanka’s stocks ended the week in a positive territory with the ASPI crossing 7,200 mark and S&P SL20 surpassing 4,000, brokers said. Chevron Lubricants Lanka closed 13.00 rupees higher at 337.00 rupees, contributing most to the index gain. Commercial Bank of Ceylon closed 2.60 rupees lower at 161.30 rupees. […]