Category: Economy and Markets
Another cash call – DFCC to tap the markets for Rs7.6bn in strikingly low priced rights issue
March 6, 2019 (LBO) – DFCC became the latest major bank in Sri Lanka to tap the capital markets in an aggressive rights issue. The bank aims too raise Rs7.6bn in new equity with the rights issue priced at Rs72/share. Pricing is close to the current trading price in the market of Rs75/share, but much […]
Sri Lanka Budget 2019: Overview of key taxation proposals
Mar 06, 2019 (LBO) – Sri Lanka’s budget 2019 estimates total revenue and grants of 2,464 billion rupees against a total estimated expenditure of 3,149 billion rupees. The resulting budget deficit of 685 billion rupees is expected to be financed by foreign financing of 55 billion rupees and domestic financing of 630 billion rupees. All […]
Budget 2019: Download Full Budget Speech
DOWNLOAD: http://www.lankabusinessonline.com/wp-content/uploads/2019/03/BUDGET-2019-Final-1.pdf [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2019/03/BUDGET-2019-Final-1.pdf” title=”BUDGET 2019 Final (1)”]
Sri Lanka Budget 2019: Watch Live Stream
Live coverage ended. Please refer to related stories … Budget 2019: Download Full Budget Speech Sri Lanka Budget 2019: Overview of key taxation proposals Sri Lanka revises excise duty, implements luxury tax on motor vehicles Budget 2019 will empower people and nurture poor: Fin Min
Sri Lanka Budget 2019 – Live Coverage
Live coverage ended. Please refer to related stories … Budget 2019: Download Full Budget Speech Sri Lanka Budget 2019: Overview of key taxation proposals Sri Lanka revises excise duty, implements luxury tax on motor vehicles Budget 2019 will empower people and nurture poor: Fin Min
CA Sri Lanka budget seminar 2019 to evaluate economic and tax perspectives
The annual budget seminar organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will evaluate the economic and tax perspectives arising from the National Budget and will also feature a host of speakers and panelists representing the private and public sectors who will share their thoughts at the seminar on 09th […]
Budget 2019 will empower people and nurture poor: Fin Min
Mar 05, 2019 (LBO) – Sri Lanka’s Budget – 2019 will focuses on Enterprise Sri Lanka empowering the people and nurturing the poor, the Finance Ministry said. Finance Minister Mangala Samaraweera will present the Government’s delayed Budget for 2019, today. The Finance Ministry has outlining its targets said it plans to increase public revenue to 17 […]
Finance Minister makes final touches to Budget 2019
The Minister of Finance Mangala Samaraweera is in deep conversation with the Treasury Secretary Dr. R.H.S. Samaratunga to make the final touches to the Budget 2019 at the Minister’s “Rainbow End” private residence at Gorakana, Panadura. Minister Mangala Samaraweera will commence the Budget Speech at 1.30 pm on Tuesday in the Parliament.
Addressing the White Elephant in Lankan economic development in tourism
In the past, Sri Lanka has focused on increasing the number of tourists coming into the country and showcase the increase in tourism without much concentration on the growth of our economy in retrospect. Lonely Planet listed Sri Lanka as the number one tourist destination for 2019 whilst Sri Lanka simultaneously boasted of 2.2 million […]
Rock bottom Rs12bn rights issue pricing crashes Sampath Bank (SAMP) shares
March 1, 2019 (LBO) – Shares on the Colombo Stock Exchange were weaker across the board with Sampath Bank (SAMP) shares having their worst trading day in recent memory.Two hours into the trading day, shares of SAMP were off close to 16% with just Rs85mn worth of shares traded. The broader market indices were down […]
IMF reaches understanding at staff level to extend EFF for an additional year
Mar 01, 2019 (LBO) – A staff team from the International Monetary Fund (IMF) has reached an understanding at the staff level with the Sri Lankan authorities on the fifth review and the request to extend the Extended Fund Facility (EFF) arrangement for an additional year. Accordingly, the remaining disbursements will be evenly spread over this […]
Sri Lanka stocks wake up with net foreign buying
February 28, 2019 (LBO) – The Colombo Stock Exchange (CSE) awakened from its slumber with trading crossing the Rs2bn mark (US$11mn) after many days of dull trading. Stocks finished the day slightly up with trading activity across the board. Foreigners were significant net buyers with net foreign buying of Rs500mn on the day. Foreign buying of […]