Category: Economy and Markets
Sri Lanka’s Budget 2016: Revenue Rs1.7tn; Expenditure Rs3.1tn
Oct 08, 2015 (LBO) – Sri Lanka’s total borrowing requirement from both foreign and local sources for the year 2016 will be 1,349 billion rupees, revealing 2016 budget figures the government said.The revenue at the prevailing rates structure and foreign grants have been estimated to be around 1,789 billion rupees.The total expenditure provision for 2016 […]
Sri Lanka Treasury bill yields flat
Oct 07, 2015 (LBO) – Sri Lanka’s Treasury bill yields were flat for the second straight week at Wednesday’s auction, data from the state debt office showed. The 3-month yield was flat 6.78 percent with bids amounting to 15.1 billion rupees being received and it was decided to accept 6.5 billion rupees from the auction. […]
Sri Lanka stocks close flat, low turnover
Oct 07, 2015 (LBO) – Sri Lankan stocks closed lower by 0.01 percent on Wednesday with continued losses in banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 0.48 points at 7,085.45 lower 0.01 percent. S&P SL20 closed 1.82 points lower at 3,825.49 lower 0.05 percent. “Investors are keeping a […]
PTL Watch: Tbill auction unchanged as short term bonds head north
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‘s John Keells (JKL) gets new CEO
Oct 07, 2015 (LBO) – Hishantha G R De Mel has been appointed Acting Chief Executive of John Keells PLC, a subsidiary of John Keells Holdings, from 01 October 2015, the Colombo Stock Exchange said in a statement. Former CEO Sudath Chaminda Munasinghe resigned with effect from October 1 2015. De Mel joined the Company in […]
Rupee strengthens to 140.45/65 on expected dollar inflows
Oct 07, 2015 (LBO) – Sri Lanka’s rupee has strengthened on Wednesday with dollar selling by a commercial bank on likely exporter proceeds and expected inflow of dollars, a dealer said. The rupee was quoted against the dollar at 140.45/65 down from 141.00/05. The central bank allowed greater flexibility of the exchange rate from 4th […]
Sri Lanka PM seeks Japanese support for national reconciliation
Oct 07, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe who is on a visit to Japan had said that, Sri Lanka needs Japanese government support for national reconciliation and peace building process. “We are expecting support from Japan for the national reconciliation and peace building process in Sri Lanka,” Wickremesinghe said addressing Japanese parliamentarians in […]
Japan to provide 45 bn Yen loan under comprehensive partnership-Updated
Oct 06, 2015 (LBO) – Japan will provide a 45.4 billion Yen (380 million dollar) loan under a ‘Comprehensive Partnership’ arrangement that will include expansion of the Bandaranaike International Airport in Sri Lanka, the Japanese Foreign Ministry said. The agreement was announced during Prime Minister Ranil Wickremesinghe’s visit to Japan after meetings with Japanese Prime […]
Sri Lanka stocks close down 0.04-pct: Banking losses
Oct 06, 2015 (LBO) – Sri Lankan stocks closed down 0.04 percent on Tuesday with losses in seen in Dialog Axaita and banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed down 3.13 points at 7,085.93 lower 0.0.04 percent. S&P SL20 closed 2.92 points lower at 3,827.31 down 0.08 percent. Turnover […]
PTL Watch: Moderate activity, local buying matches foreign selling in bonds
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RBI Governor in Colombo say US hike delayed amid slow growth
Oct 06, 2015 (LBO) – The Reserve Bank of India Governor Raghuram Rajan says those who were betting on a September U.S. rate hike now see it delayed until March, amidst weaker economic data. The RBI governor was speaking at the 65th Anniversary Oration of the Central Bank of Sri Lanka in Colombo on Monday. […]
Sri Lanka should be a trading country; no balancing acts: Harsha
Oct 06, 2015 (LBO) – Sri Lanka should be a trading country and there is no need of a balance between manufacturing and trading, Deputy Foreign Minister Harsha de Silva said. “Some say there must be a balance between manufacturing and trading. I don’t believe in this balancing. We have to go down to the […]