Category: Economy and Markets
‘s T- bill yeilds down: Central Bank
Apr 15, 2015 (LBO) –Sri Lanka’s Treasury yields were down at Wednesday’s (22) auction with the 12-month yield declining 10 basis points to 6.50 per cent, data from the state debt office showed. It was decided to accept 13,735 million rupees from the auction of 12 month yield.The 6-month yield also declined to 6.35 per […]
Sri Lanka stocks close higher at 0.3-pct
Apr 22, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.26 per cent with foreigners becoming net buyers after three consecutive days of net selling, brokers said. The Colombo benchmark All Share Price Index closed 18.53 points higher at 7,117.13, up 0.26 per cent. The S&P SL20 closed 03.81 points higher at 4,029.61, up 0.08 […]
Sri Lanka’s business chamber urges political parties to support delayed 19th amendment
Apr 22, 2015 (LBO) – Sri Lanka should take advantage of the multi-party government to strengthen constitutional governance in the country and pave the way to improve the business climate in the country to attract greater investment, both local and foreign, a statement said. “Considering the importance of the constitutional reforms that have been proposed […]
‘s T- bill yeilds down: Central Bank
Apr 15, 2015 (LBO) –Sri Lanka’s Treasury yields were down at Wednesday’s (22) auction with the 12-month yield declining 10 basis points to 6.50 per cent, data from the state debt office showed.It was decided to accept 13,735 million rupees from the auction of 12 month yield. The 6-month yield also declined to 6.35 per […]
Sri Lanka stocks close higher at 0.3-pct
Apr 21, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.26 per cent with active retail investors trading and banking sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 18.22 points higher at 7,098.60, up 0.26 per cent. The S&P SL20 closed 05.83 points higher at 4,039.65, up 0.15 per […]
Sri Lanka sells Rs4.56bn in 03 year bonds; 07 year bonds rejected
Apr 21, 2015 (LBO) – Sri Lanka has sold 4.56 billion rupees of three year bonds after calling bids for six billion rupees of bonds, the state debt office said.The debt office on Tuesday sold three year bonds maturing on 01 June 2018 at weighted average yield (net of tax) of 8.15 percent. The debt […]
ADB has performed well in Sri Lanka: Report
Apr 21, 2015 (LBO) – Sri Lanka has been rated as a country where the Asian Development Bank operations performed well in South Asia, a new annual review by Independent Evaluation of the Asian Development Bank (ADB) said.“The country assessments point to a relatively good performance of ADB operations in South Asia, particularly in Bhutan, […]
Sri Lanka sells Rs4.56bn in 03 year bonds; 07 year bonds rejected
Apr 21, 2015 (LBO) – Sri Lanka has sold 4.56 billion rupees of three year bonds after calling bids for six billion rupees of bonds, the state debt office said. The debt office on Tuesday sold three year bonds maturing on 01 June 2018 at weighted average yield (net of tax) of 8.15 percent. The […]
Sri Lanka stocks close lower at 0.1 –pct with political uncertainty keeping investors away
Apr 20, 2015 (LBO) – Sri Lanka’s stocks closed down, 0.09 per cent mainly due to the prevailing political uncertainty in the Island driving investors away, brokers said. The Colombo benchmark All Share Price Index closed 06.03 points lower at 7,080.38 down 0.09 per cent. The S&P SL20 closed 08.04 points higher at 4,020.60 up […]
” : Fitch
Apr 20, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer Sri Lanka Plc’s proposed unsecured redeemable debenture issue of up to three billion rupees, a national long-term rating of ‘A-(lka)(EXP)’. The debentures are likely to have a three-year tenor and to be issued in two tranches with fixed and floating rates, the rating […]
Asia must lift productivity for higher growth and wellbeing, human development is critical: ADB
Apr 20, 2015 (LBO) – Asia and the Pacific need to increase the overall productivity through investments in physical, human and natural capital, said a new annual review by Independent Evaluation at the Asian Development Bank (ADB).“A part of boosting productivity is making the most of human resources which therefore is also good for greater […]
Sri Lanka’s CB governor not guilty : Bond Investigation Report
Apr 19, 2015 (LBO) – The committee appointed by Prime Minister to probe the controversial 30 year bond has found that Central Bank governor Arjuna Mahendran had no direct participation in the incident, a statement issued by the Economic Affairs Ministry said. “The Committee concluded that there was no evidence to the effect that the […]