Category: Markets
Colombo Stock Exchange records Rs4bn in net foreign purchases last month
CSE Feature Interview: CSE records strongest ever start to a year in terms of Foreign Investment Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the month of January – a new record for the first month of any given year. The […]
Sri Lanka seeks to modify performance criteria; EFF broadly on track: IMF
Jan 12, 2018 (LBO) – Sri Lanka’s performance under the Extended Fund Facility (EFF) program has remained broadly on track despite a series of weather-related supply shocks, the IMF said. Following the Executive Board’s discussion of the third EFF review, Mitsuhiro Furusawa, Acting Chair and Deputy Managing Director of IMF, said country’s fiscal performance has […]
Sri Lanka official reserves improve to USD8bn by end 2017
Jan 12, 2018 (LBO) – Sri Lanka’s gross official reserves have improved to 7,952.58 million US dollars by the end of last year from 7,319.40 million dollars in November 2017, official Central Bank data showed. By the end of 2016, country’s gross official reserves were stood at 6,062.71 million US dollars. Foreign currency reserves were […]
Central Bank extends suspension of Perpetual Treasuries for 6 months
Jan 05, 2018 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited from carrying on the business and activities of a primary dealer for a period of six months. The Central Bank said this extension will be effective from today, in order to continue the investigations […]
If we are going for a sovereign bond, better to go early: CB Governor
Jan 04, 2018 (LBO) – Central Bank Governor Indrajit Coomaraswamy says if Sri Lanka wants to issue a sovereign bond this year, it is better to issue it as early as possible for three reasons. “One is that there are maturities at the beginning of the year in terms of ISBs,” Coomaraswamy told reporters Wednesday. […]
Sri Lanka stock market records 8-pct gain in 1H
July 18, 2017 (LBO) – The benchmark All Share Price Index of the Colombo Stock Exchange (CSE) recorded an 8.23 percent gain year-to-date, a noteworthy turnaround in the first half of this year, having started the year on the back of a slow-moving 2016. The S&P SL 20 index, which features the CSE’s 20 largest […]
IMF completes second review, to disburse USD167.2 mln
July 18, 2017 (LBO) – The Executive Board of the International Monetary Fund (IMF) has completed the second review of Sri Lanka’s economic performance under the program supported by a three-year Extended Fund Facility (EFF) arrangement, a statement said. “Completion of the review enables the disbursement of the equivalent of SDR 119. 894 million (about […]
GAAM: ASPI up 0.4 pct for week, foreign inflow Rs760 mln
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Bangladesh’s first ever FTA will be with Sri Lanka later this year
By P.K. Balachandran Bangladesh’s first-ever FTA will be with Sri Lanka and that is expected to signed by year end, Bangladesh’s Foreign Secretary Mohmmad Shahidul Haque told the media in Dhaka on Friday. “Prime Minister Sheikh Hasina and President Maithripala Sirisena decided to sign the deal in 2017 and asked that negotiations and studies be […]
CSE records second highest yearly foreign inflow
July 12, 2017 (LBO) – Sri Lanka’s Colombo Stock Exchange has recorded the second highest-ever yearly net foreign inflow of 22.8 billion rupees, the exchange said. The highest net foreign inflow of 38.6 billion rupees was recorded in 2012. On Monday, foreign investors bought 127.4 million rupees worth of shares while selling 26.3 million rupees […]
GAAM: Stocks up 0.5pct for week, Rs1 bln foreign inflow
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Revised rules on minimum public holding takes effect from July: SEC
The Securities and Exchange Commission of Sri Lanka (SEC) has instructed the Colombo Stock Exchange (CSE) to commence enforcement in respect of its November-2016 Revision of Rules on Minimum Public Holding Applicable to All Listed Public Companies. The enforcement measures were developed by the CSE under the direction of the SEC and are due to […]