Category: Economy and Markets
‘s expansion plan
May 14, 2015 (LBO) – Sri Lanka’s Hemas Holdings said that it successfully completed the rights issue raising 4.1 billion rupees of new capital to finance its expansion plans in healthcare and personal care.“We are working hard on achieving our vision of being the best at enriching lives through our activities in healthcare, personal care, […]
Sri Lanka Treasury bill yields drop
May 13, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities at Wednesday’s auction with 6 and 12-month yields dropped by 0.04 basis points, data from the state debt office showed.6-month bill was closed at 6.22 percent while 12-month closed at 6.31 percent. 3-month yield was also dropped by 0.02 basis points […]
Sri Lanka stocks close down at 0.2-pct
May 13, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.19 percent with banking sector and some index heavy stocks recording losses, brokers said. The Colombo benchmark All Share Price Index closed 13.56 points lower at 7,245.05 down 0.19 percent. The S&P SL20 closed 12.71 points lower at 4,060.85 down 0.31 percent. Turnover was […]
”’ final rating
May 13, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer’s unsecured redeemable debentures issue of up to 3 billion rupees a final national long term rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 20 April 2015, and follows the receipt of documents conforming to information already […]
Ceylon Tobacco sales up 11-pct on increase of disposable income: Interim Report
May 13, 2015 (LBO) – Sri Lanka’s Ceylon Tobacco Company’s sales volumes increased 11 percent during the quarter which could be attributed to a higher level of consumer confidence and an increase in disposable income, the company said in its interim report. “During the first quarter we continued to see a volume growth in the […]
Sri Lanka Business Chambers welcome govt’s initiative of ease of doing business
May 13, 2015 (LBO) – The Joint Business Chambers of Sri Lanka welcome the initiative taken by the Ministry of Finance to engage in a series of discussions with the public institutions and private sector to address the issues concerning the improvement of Sri Lanka’s Ease of Doing Business Ranking, which now ranked at 99, […]
Sri Lanka to be on par with regional CDS in next 3 yrs: CDS head
May 13, 2015 (LBO) – Sri Lanka’s Central Depository System (CDS) is to be transformed into a developed depository equal with other depositories in the Asian region over the next three years, CDS chairman Vajira Kulatilaka said.Kulatilaka who is also the chairman of Colombo Stock Exchange said the CDS lagged behind in the past two […]
Sri Lanka Treasury bill yields drop
May 13, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities at Wednesday’s auction with 6 and 12-month yields dropped by 0.04 basis points, data from the state debt office showed.6-month bill was closed at 6.22 percent while 12-month closed at 6.31 percent. 3-month yield was also dropped by 0.02 basis points […]
Sri Lanka stocks close up at 0.6-pct
May 12, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.62 percent recording a two and a half month high with active trading seen in the manufacturing and finance sector stocks, brokers said. The Colombo benchmark All Share Price Index closed 44.98 points higher at 7,258.61 up 0.62 percent. The S&P SL20 closed 9.57 […]
Sri Lanka sells Rs6.5bn in 04 year bonds; 06 year bonds rejected
May 12, 2015 (LBO) – Sri Lanka has sold 6.50 billion rupees of four year bonds after calling bids for five billion rupees of bonds, the state debt office said.The debt office on Tuesday sold four year bond which maturing on 01 July 2019 at weighted average yield of 8.15 percent. The bond has received […]
Sri Lanka’s Treasury has adequate funds to pay govt employees: Finance Minister
May 12, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that government has enough money to pay employees’ salaries and for ongoing infrastructure development projects.“We have enough money to pay government employees and for the projects,” Karunanayake said.“But we won’t pay for the projects which have no agreements.” He said this while replying […]
Sri Lanka sells Rs6.5bn in 04 year bonds; 06 year bonds rejected
May 12, 2015 (LBO) – Sri Lanka has sold 6.50 billion rupees of four year bonds after calling bids for five billion rupees of bonds, the state debt office said.The debt office on Tuesday sold four year bond which maturing on 01 July 2019 at weighted average yield of 8.15 percent. The bond has received […]