Author: lbostgadmin
Sri Lanka budget deficit 3.5-pct of GDP up to April
July 02, 2014 (LBO) – Sri Lanka’s has recorded a budget deficit of 3.5 percent of gross domestic product up to April 2014, and the Treasury said it was expecting to meet a full-year target of 5.2 percent. Tax on interest fell 20 percent as interest rates fell in the economy. The tax revenues were […]
Japan leads loan commitments to Sri Lanka up to April 2014
July 02, 2014 (LBO) – Sri Lanka has signed up 678.2 million US dollars in foreign loans in the first four months of 2014 and Japan led the tables giving 342.8 million US dollars for a new bridge to the capital, official data showed. Outstanding foreign debt not counting rupee denominated Treasuries owned by foreigner […]
Sri Lanka stocks close up 0.9-pct
July 02, 2014 (LBO) – Sri Lanka’s shares closed 0.89 percent higher on Wednesday amid strong foreign buying into Hemas Holdings, brokers said. The Colombo benchmark All Share Price Index closed 56.51 points higher at 6,432.52, up 0.89 percent. The S&P SL20 closed 34.38 points higher at 3,577.94, up 0.97 percent. Turnover was 2.43 billion […]
Sri Lanka Treasuries yields steady
July 02, 2014 (LBO) – Sri Lanka’s Treasuries yields were marginally down at Wednesday’s auction though the debt office did not accept market bids to roll over all the offered volume, data showed.The 3-month yield fell 01 basis point to 6.50 percent, the 6-month yield fell 01 basis point to 6.68 percent and the 12-month […]
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July 02, 2014 (LBO) – Fitch Ratings said it had given an ‘A-(lka)’ expected rating to a planned Singer (Sri Lanka) debenture issue of up to 1.5 billion rupees. The senior unsecured debentures are rated the same as Singer (Sri Lanka) Plc. Fitch said the 3-year fixed rate debenture proceeds will be used to refinance […]
Sri Lanka delays digging up suspected Muslim mass grave
COLOMBO, July 1, 2014 (AFP) – A magistrate has postponed Tuesday’s scheduled start of an operation to exhume a suspected mass war grave on Sri Lanka’s east coast after police said they needed more preparation time, an official said.Authorities had been due to begin excavating part of a beach in Kalavanchikudy district after a resident […]
‘s CEB loses Rs18.6bn up to April
July 01, 2014 (LBO) – Sri Lanka’s state-run Ceylon Electricity Board has lost 18. 9 billion rupees in the first four months of 2014, amid higher thermal generation, a finance ministry report said. CEB started operating a second coal plant and a third 300 MegaWatt generator is expected to begin testing later this year. The […]
Merger Plans
July 01, 2014 (LBO) – Sri Lanka’s central bank said ‘almost all’ banks and finance companies have submitted plans to merge or acquire others in a regulatory driven push to consolidate and reduce the number of financial institutions in the country.“These plans will now be reviewed by the Central Bank with a view to facilitating […]
Acquisition
July 01, 2014 (LBO) – Sri Lanka’s TKS Finance Limited said it was acquiring Asian Finance Limited under a financial sector consolidation initiated by the regulator.The company said its shareholder planned to inject more capital to the merged entity. It would have a branches in Colombo, Ratnapura, Matara, Negombo, Nugegoda, Kandy, Kiribathgoda, Kurunegala, Galle, Ambalangoda […]
Sri Lanka shares close lower
July 01, 2014 (LBO) – Sri Lanka’s shares closed 0.04 percent lower on Tuesday boosting turnover to an eight-week high amid strong foreign buying mainly into John Keells Holdings, brokers said. Foreign investors sold 1.01 billion rupees worth shares. Ceylon Tobacco Company closed 10.60 rupees lower at 1,053.30 rupees and oil palm firm Shalimar (Malay) […]
Sri Lanka inflation at 2.8-pct in June: Statistics office
June 30, 2014 (LBO) – Sri Lanka consumer prices rose 2.8 percent in the 12-months to June 2014 from a year earlier, slowing from 3.2 percent in May, the state statistics office said. Prices during the month rose sharply by 1.1 percent, the highest monthly gain in the Colombo Consumer Price Index seen since June […]
Football: Ten-man Costa Rica stun Greece in penalty shoot-out
RECIFE, June 30, 2014 (AFP) – Costa Rica goalkeeper Keylor Navas claimed man-of-the match honours as his side sank Greece in a penalty shootout to reach the World Cup quarter finals for the first time and a clash with the Netherlands.Reduced to 10 men in the second half, Costa Rica still seemed to be on […]