Category: Economy and Markets
Sri Lanka sells USD301mn of one and two year development bonds
July 13, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 301.0 million US dollars of bids received from investors. The central bank has accepted 291.0 million US dollars of one year and one month bonds at a floating rate of weighted average margin […]
Sri Lanka’s CSE signs MoU with Maldivian counterpart
July 12, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the Maldives to explore opportunities for cooperation between the two Exchanges.Chairman of the CSE Vajira Kulatilaka said the CSE is extending its reach beyond borders to cooperate commercially with its peer exchanges in the region, to collectively […]
Sri Lanka stocks close up 0.5-pct
July 10, 2015 (LBO) – Sri Lanka’s stocks closed up 0.53 percent on Friday for a second consecutive day with JKH and banking stocks continuing to show gains, brokers said. The Colombo benchmark All Share Price Index closed 37.07 points higher at 6,984.12 up 0.53 percent. The S&P SL20 closed 34.56 points higher at 3,905.27 […]
Sri Lanka’s Asiri Central Hospitals sells Horton Place land for RS2.7bn
July 10, 2015 (LBO) – Sri Lanka’s Asiri Hospital Holdings said a sale and transfer of land and premises owned by Asiri Central Hospitals was completed Thursday for 2.70 billion rupees. The land is situated at No 37, Horton Place, Colombo 07, the company said in a stock exchange filing. Asiri Central Hospitals limited formerly […]
Fitch Ratings to host Sri Lanka investment fund and asset management forum
July 10, 2015 (LBO) – Fitch will host an investment fund and asset management forum in Sri Lanka in September, the rating agency said in a statement. “Leading market participants, including issuers, investors, and bankers, will discuss developments in the asset management industry globally both in terms of asset classes and regulatory developments,” the statement […]
Sri Lanka sells Rs31.2 bn in 4, 6 and 7 year bonds
July 09, 2015 (LBO) – The issue of treasury bonds amounting to 40.0 billion rupees have been oversubscribed with 74.0 billion rupees of bids received from investors. The Central Bank has accepted 11.-super-force online https://www.mabvi.org/wp-content/themes/mabvi/images/new/levitra-super-force.html no prescription 5 billion rupees of four year bonds maturing on 01 May 2020 at a weighted average yield rate […]
Sri Lanka stocks close up 0.3-pct; JKH gains
July 09, 2015 (LBO) – Sri Lanka’s stocks closed up 0.34 percent on Thursday, following three consecutive day of losses, with index heavy stocks and banks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 23.26 points higher at 6,947.98 up 0.34 percent. The S&P SL20 closed 26.92 points higher at 3,877.29 […]
Sri Lanka projects have to be reassessed to reflect realistic numbers with GDP change: Harsha
July 09, 2015 (LBO) – Sri Lanka projects that based their assumptions using old GDP numbers have to be reassessed to reflect more realistic numbers, former Deputy Minister of Policy Planning Harsha de Silva said.Department of Census and Statistics on Thursday revealed that the growth numbers in the last two years has been reduced significantly […]
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July 09, 2015 (LBO) – Sri Lanka’s Fitch ratings announced a correction to the rating published on 28 May 2015 to include disclosure language relating to Central Bank of Sri Lanka’s shareholding in Fitch Ratings Lanka Ltd that was missing from the previous version. The full statement follows: Correct: Fitch Rates Sri Lanka’s USD Bond […]
Sri Lanka’s growth rate numbers reduced in last two years with new base year change
July 09, 2015 (LBO) – Sri Lanka’s growth numbers in the last two years have been reduced with a new re-basing of national accounts estimates, Department of Census and Statistics said. Accordingly the growth rate for last year has been reduced from 7.4 percent to 4.5 percent and the growth in 2013 has been reduced […]
Sri Lanka may increase taxes for tobacco and alcoholic products in the next budget
July 8, 2015 (LBO) – Sri Lanka may increase the taxes for tobacco and alcoholic products in the coming budget as the economic loss for the country is threefold than the income from these products to the government, government official said.“We expects the government will take action with regard to the price of tobacco and […]
Sri Lanka stocks close down 0.6-pct; JKH lower
July 08, 2015 (LBO) – Sri Lanka’s stocks closed down 0.63 percent on Wednesday, a third consecutive day of declines, with index heavy stocks showing losses, brokers said. The Colombo benchmark All Share Price Index closed 43.99 points lower at 6,923.79 down 0.63 percent. The S&P SL20 closed 41.16 points lower at 3,850.37 lower at 1.06 […]