Category: Economy and Markets
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July 16, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned People’s Leasing & Finance proposed senior unsecured debentures of up to 6 billion rupees an expected national long term rating of ‘AA-(lka)(EXP)’. The final rating is contingent on the receipt of the final documents conforming to information already received, Fitch Ratings said. The issue […]
Sri Lanka stocks close up 0.6-pct: Banking gains
July 15, 2015 (LBO) – Sri Lanka’s stocks closed up 0.56 percent on Wednesday, for a fifth consecutive session with banking sector showing gains, brokers said. The Colombo benchmark All Share Price Index closed 39.19 points higher at 7,066.19 up 0.56 percent. The S&P SL20 closed 37.38 points higher at 3,957.66 up 0.95 percent. Turnover […]
Sri Lanka Dankotuwa Porcelain gets new CEO
July 15, 2015 (LBO) – Sri Lanka’s Dankotuwa Porcelain said, Wasaba Jayasekera was appointed as the Chief Executive Officer with effect from 15th July 2015.Jayasekera holds a Bachelor’s degree in physical science, from the University of Kelaniya Sri Lanka and a Master of Business Administration degree from the Postgraduate Institute of Management, University of Sri […]
Sri Lanka JKH’s Cinnamon Life targets future digital world: Deputy Chairman
July 15, 2015 (LBO) – Sri Lanka’s John Keells Holdings, a listed blue chip company said that its 850 million US dollar mixed development project of “Cinnamon Life” is designed to cater to future digital world offering a virtual experience. “Cinnamon Life – Now that is a brick and motor investment. However we believe, if […]
Sri Lanka businesses; 90% sole ownership, 25% run by females: Census and Statistics Dept.
July 15, 2015 (LBO) – Sri Lanka has over 90 percent of sole ownership businesses in the island while 25 percent of the establishments are run by women entrepreneurs, a recent census showed.The Census and Statistics Department released data of its first Economic Census 2013/14 on the Industry, Trade and Services sectors. “The census has […]
Sri Lanka Litro to reduce gas prices: Can further reduce after exposing corruption
June 14, 2015 (LBO) – Sri Lanka’s state run, Litro Gas Lanka says it will reduce the prices of Litro Gas refills with effect from mid night, today.“We are pleased to inform our customers that due to the new policies and procedures adopted, we have obtained the necessary approval to reduce our prices of Litro […]
Sri Lanka sells Rs15.72bn in three and eight year bonds
July 14, 2015 (LBO) – The issue of treasury bonds amounting to 20.00 billion rupees have been oversubscribed with 50.97 billion rupees of bids received from investors. The Central Bank has accepted 4.67 billion rupees of three years and three months bonds maturing on 15 October 2018 at a weighted average yield rate of 8.18 […]
Sri Lanka stocks close up 0.3-pct Turnover low
July 14, 2015 (LBO) – Sri Lanka’s stocks closed up 0.35 percent on Tueasday, for a fourth consecutive session with telecom stocks continuing to showing gains, brokers said. The Colombo benchmark All Share Price Index closed 24.22 points higher at 7,027.10 up 0.35 percent. The S&P SL20 closed 3.84 points higher at 3,920.13 up 0.10 […]
Sri Lanka’s growth rate in past two years disturbed after GDP rebasing: Nivard Cabraal
July 14, 2015 (LBO) – Sri Lanka’s GDP growth rate in the past two years have been disturbed by a sinister action of politicians, former Governor of the Central Bank charged. Former Governor of the Central Bank Ajith Nivard Cabraal speaking at a special press briefing told reporters Tuesday that the new growth rate of […]
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July 14, 2015 (LBO) – Fitch Ratings Lanka has downgraded Siyapatha Finance PLC’s (SLFL) National Long-Term Rating to ‘A-(lka)’ from ‘A(lka)’ with a stable outlook, the rating agency said in a statement. The agency has also downgraded the National Long-Term Ratings on SLFL’s outstanding senior unsecured debentures to ‘A-(lka)’ from ‘A(lka)’ and outstanding subordinated debentures […]
Sri Lanka tea plantation workers offered a wage hike
July 14, 2015 (LBO) – Sri Lanka’s regional plantation companies (RPCs ) said they are raising the daily pay for 1000 rupees to meet labour union demands but only if workers agree to improve their productivity and pluck more tea.Plantation worker earns 620 rupee wage at present. “While the RPCs are finding even the present […]
Sri Lanka stocks close up 0.3-pct
July 13, 2015 (LBO) – Sri Lanka’s stocks closed up 0.27 percent on Monday for a third consecutive session with plantation and telecom sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 18.66 points higher at 7,002.78 up 0.27 percent. The S&P SL20 closed 11.17 points higher at 3,916.44 up 0.29 […]