Category: Economy and Markets
Sri Lanka sells 04, 06 and 13 year bonds; 13 year bond yields up
Sep 28, 2015 (LBO) – The issue of treasury bonds amounting to 13 billion rupees have been oversubscribed with 64 billion rupees of bids received from investors.The Central Bank has accepted 3.0 billion rupees of 04 year bonds maturing on 15 September 2019 at a weighted average yield rate of 9.50 percent. The bond auction […]
Free flow of information vital for financial markets: CB Governor
Sept 28, 2015 (LBO) – A free flow of information is vital for financial markets to grow, Sri Lanka’s Central Bank Governor Arjuna Mahendran told media on Monday. He was responding to a question posed by Lanka Business Online about concerns of market participants that they should censor information when dealing with the media. Some […]
Colombo Stock Exchange to transform into a sustainable stock exchange
Sep 28, 2015 (LBO) – The Colombo Stock Exchange is to be transformed into a sustainable stock exchange while enhancing corporate transparency on Environmental, Social, and corporate Governance (ESG) issues.CSE recently joined the United Nations Sustainable Stock Exchanges initiative, launched by UN Secretary General Ban Ki-moon in 2009.It aims to explore how exchanges can work […]
Sri Lanka stocks edge lower, turnover at five week high
Sep 28, 2015 (LBO) – Sri Lankan stocks closed down 0.45 percent on Monday with losses in some index heavy and banking stocks and low retail investor activity, brokers said. The Colombo benchmark All Share Price Index closed down 32.16 points at7,078.64 lower 0.45 percent. S&P SL20 closed 22.79 points lower at 3,864.35 down 0.59 […]
Report of a spat with officials an exaggeration, says Governor
Sept 28, 2015 (LBO) – Sri Lanka’s Central Bank Governor said on Monday that a media report of a spat with senior officials over transfers that had proved controversial was a gross exaggeration. The report alleged that senior officials were holding a meeting when the heated discussion ensued. The transfers were part of a regular […]
Sri Lanka currency now competitive after float: CB Governor
Sept 28, 2015 (LBO) – Sri Lanka’s currency is now competitive after being floated last month and will support export growth, the central bank governor told media on Monday. “Like other currencies in emerging markets, the Sri Lankan currency has also adjusted to become slightly weaker against the U.S. currency,” Arjuna Mahendran, the central bank […]
Sri Lanka RDA engineers write to PM over DG demotion
Sept 28, 2015 (LBO) – Sri Lanka’s Road Development Authority Engineers’ Association (RDAEA) has written to the Prime Minister regarding the demotion of the Director General of the RDA as they have not yet received a response from the President’s office, a union official said. “We have written to the President, and we had a […]
Central bank holds rates unchanged; private sector credit up 21 pct
Sept 25, 2015 (LBO) – Sri Lanka’s central bank held key interest rates unchanged on Monday despite credit to the private sector rising 21 percent due to low interest rates amid a further drop in foreign reserves. The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank were […]
Foreign holding in govt securities falls by USD68 mn in last week
Sept 25, 2015 (LBO) – The holding of Sri Lanka government securities by foreign investors fell to 333.2 billion rupees in the week to September 23, from 342.8 billion rupees in the previous week, information from the central bank showed. This reflects an outflow of 9.6 billion rupees (68 million dollars) for the week, and […]
Sri Lanka stocks edge lower, turnover picks up
Sep 25, 2015 (LBO) – Sri Lankan stocks closed lower 0.06 percent on Friday with investors concerned over domestic economic conditions, brokers said. The Colombo benchmark All Share Price Index closed down 4.03 points at 7,110.80 lower 0.06 percent. S&P SL20 closed 2.30 points lower at 3,889.52 down 0.06 percent. Turnover was 1.2 billion rupees, […]
Sri Lanka to construct houses for families affected by the conflict
Sep 24, 2015 (LBO) – Sri Lanka plans to call for proposals from interested local and foreign parties to build houses for families affected by conflict, the government’s media spokesman, Rajitha Senaratne, said.He said the Ministry of Rehabilitation, Resettlement and Hindu Affairs is mandated with the responsibility of resettlement of families and construction of houses […]
Sri Lanka stocks close down 0.05-pct
Sep 23, 2015 (LBO) – Sri Lankan stocks closed down 0.05 percent on Wednesday with losses in some index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 3.55 points at 7,114.83 lower 0.05 percent. S&P SL20 closed 11.48 points higher at 3,884.22 down 0.29 percent. Turnover was 747.5 million rupees, […]