Category: Economy and Markets
Sri Lanka stocks close up 0.1-pct
Apr 28, 2015 (LBO) – Sri Lanka’s stocks closed 0.13 percent higher despite a crucial Parliamentary vote to be taken shortly, brokers said. The Colombo benchmark All Share Price Index closed 9.31 points higher at 7,134.43 up 0.13 per cent. The S&P SL20 closed 5.47 points higher at 4,026.26 up 0.14 per cent. Foreigners bought […]
Sri Lanka stocks close flat
Apr 27, 2015 (LBO) – Sri Lanka’s stocks closed lower, 0.07 per cent with activity seen in the finance sector stocks and a net foreign inflow, brokers said. The Colombo benchmark All Share Price Index closed 04.66 points lower at 7,125.12 down 0.07 per cent. The S&P SL20 closed 0.82 points lower at 4,022.44 down […]
Sri Lanka’s new rulers look at “game theory” to pass 19th & 20th amendment: Harsha de Silva
Apr 27, 2015 (LBO) – Sri Lanka’s new administration said, it has to use the theory of games, a study of strategic decision making to pass the 19th and 20th amendments to the constitution.Game theory is a strategic decision making process that is mainly used in economics, political science and psychology as well as logic, […]
Sri Lanka stocks close higher at 0.3-pct
Apr 24, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.33 per cent with the banking and finance sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 15.39 points higher at 7,129.78, up 0.33 per cent. The S&P SL20 closed 03.06 points lower at 4,023.26, down 0.08 per cent. “The […]
Sri Lanka’s International Arbitration Centre starts May 2015
Apr 23, 2015 (LBO) – Sri Lanka is expected to commence activities of International Arbitration Centre from the month of May, government spokesman, Rajitha Senaratne said.He says the government aims to develop Sri Lanka as a regional hub to provide services related to law and order, considering the professional capabilities in the country’s legal sphere.The […]
‘s Central Bank to have $1.1bn currency swap extension from India
Apr 23, 2015 (LBO) – Sri Lanka’s Central Bank is to enter into an agreement with India to extend its currency swap facility by 1.1 billion US dollars. The union cabinet chaired by the Indian Prime Minister on Wednesday gave its ex-post-facto approval for entering into an agreement with the Sri Lankan Central Bank for […]
Sri Lanka stocks close lower at 0.04-pct
Apr 23, 2015 (LBO) – Sri Lanka’s stocks closed lower, 0.04 per cent with the telecommunication stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed 2.74 points lower at 7,114.39, down 0.04 per cent. The S&P SL20 closed 03.29 points lower at 4,026.32, down 0.08 per cent. “The political uncertainty in […]
‘s Fitch rates DFCC Vardhana debentures
Apr 23, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned DFCC Vardhana Bank’s proposed Basel II-compliant senior debentures of up to 3 billion rupees an expected national long-term rating of ‘AA-(lka)(EXP)’. The proposed Basel II-compliant subordinated debentures of up to 2 billion rupees has assigned an expected national long-term rating of ‘A+(lka)(EXP)’. The debentures, […]
Sri Lanka’s Fitch withdraws national long term rating on DSI Holdings
Apr 23, 2015 (LBO) – Sri Lanka’s Fitch Ratings has withdrawn DSI Holding’s national long-term rating of ‘BBB(lka)’ with a stable outlook. Issuing a statement Fitch said the withdrawal follows the amalgamation of DSI Holdings with its ultimate parent, DSI Samson Group (Private) Limited.DSI Samson Group is the surviving entity and under the provisions of […]
Sri Lanka’s Singhe Hospitals opens for trading
Apr 23, 2015 (LBO) – Sri Lanka’s Singhe Hospitals was listed on the DiriSavi board of the Colombo Stock Exchange on Tuesday, the stock exchange said in an announcement.Chairman and CEO of Singhe Hospitals A.M. Weerasinghe rang the ceremonial opening bell to begin trading for the day.On the first day of trading Singhe Hospitals shares […]
‘s Central Bank to have $1.1bn currency swap extension from India
Apr 23, 2015 (LBO) – Sri Lanka’s Central Bank is to enter into an agreement with India to extend its currency swap facility by 1.1 billion US dollars. The union cabinet chaired by the Indian Prime Minister on Wednesday gave its ex-post-facto approval for entering into an agreement with the Sri Lankan Central Bank for […]
”; Outlook Stable
Apr 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed countries’s Long-Term Foreign and Local Currency Issuer Default Ratings at ‘BB-‘. The issue ratings on Sri Lanka’s senior unsecured foreign and local currency bonds are also affirmed at ‘BB-‘, Fitch Ratings said in a statement.The Outlooks on the Long-Term IDRs are Stable and the […]