Category: Economy and Markets
Sri Lanka’s SEC sympathetic towards controversial Citrus Kalpitiya Beach Resort; EGM postponed
Apr 28, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission has requested the controversial Kalpitiya Beach Resort to postpone the scheduled extraordinary general meeting (EGM) which was supposed to held in May, by another month. “This was to enable the Company to come up with a precise direction on the future course of action […]
Sri Lanka stocks close up 0.1-pct
Apr 28, 2015 (LBO) – Sri Lanka’s stocks closed 0.13 percent higher despite a crucial Parliamentary vote to be taken shortly, brokers said. The Colombo benchmark All Share Price Index closed 9.31 points higher at 7,134.43 up 0.13 per cent. The S&P SL20 closed 5.47 points higher at 4,026.26 up 0.14 per cent. Foreigners bought […]
Sri Lanka sells $81.25mn of 2 and 3 year development bonds
Apr 28, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 50 million US dollars have been oversubscribed with 108.25 million US dollars of bids received from investors. The central bank has accepted 30.00 million US dollars of two year bonds at a rate of 6 month US dollars LIBOR plus a […]
Sri Lanka Treasury bill yields dropped: Central Bank
Apr 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down on Tuesday’s auction with the 12-month yield dropped 11 basis points to 6.39 percent, data from the state debt office showed. It was decided to accept 5,715 million rupees from the auction of 12 month yield.6-month yield was also down from three basis […]
‘s CSE takes over SAFE Chairmanship
Apr 28, 2015 (LBO) – Sri Lanka’s Chairman of the Colombo Stock Exchange was unanimously elected as the Chairman of the South Asian Federation of Exchanges at the annual general meeting of SAFE concluded recently, the CSE said in a statement. CSE Chairman Vajira Kulatilaka succeeds Dr. Muhammad Abdul Mazid as the Chairman of SAFE […]
Sri Lankan MP Harsha de Silva says capital markets should develop instruments not only for rich but also for poor
Apr 28, 2015 (LBO) – South Asia needs to make financial instruments for people who are in the bottom of the economic pyramid rather than making instruments only for riches, Deputy Minister of Policy Planning and Economic Development of Sri Lanka said.“All of us in the SAFE (South Asian Federation of Exchanges) are facing similar […]
Sri Lanka stocks close up 0.1-pct
Apr 28, 2015 (LBO) – Sri Lanka’s stocks closed 0.13 percent higher despite a crucial Parliamentary vote to be taken shortly, brokers said. The Colombo benchmark All Share Price Index closed 9.31 points higher at 7,134.43 up 0.13 per cent. The S&P SL20 closed 5.47 points higher at 4,026.26 up 0.14 per cent. Foreigners bought […]
Sri Lanka Treasury bill yields drop: Central Bank
Apr 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Tuesday’s auction with the 12-month yield dropping 11 basis points to 6.39 per cent, data from the state debt office showed.The debt office offered 3-month short term bills for the auction at 6.15 per cent and 9,085 million rupees were accepted from […]
Sri Lanka stocks close flat
Apr 27, 2015 (LBO) – Sri Lanka’s stocks closed lower, 0.07 per cent with activity seen in the finance sector stocks and a net foreign inflow, brokers said. The Colombo benchmark All Share Price Index closed 04.66 points lower at 7,125.12 down 0.07 per cent. The S&P SL20 closed 0.82 points lower at 4,022.44 down […]
Sri Lanka’s new rulers look at “game theory” to pass 19th & 20th amendment: Harsha de Silva
Apr 27, 2015 (LBO) – Sri Lanka’s new administration said, it has to use the theory of games, a study of strategic decision making to pass the 19th and 20th amendments to the constitution.Game theory is a strategic decision making process that is mainly used in economics, political science and psychology as well as logic, […]
Sri Lanka stocks close higher at 0.3-pct
Apr 24, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.33 per cent with the banking and finance sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 15.39 points higher at 7,129.78, up 0.33 per cent. The S&P SL20 closed 03.06 points lower at 4,023.26, down 0.08 per cent. “The […]
Sri Lanka’s International Arbitration Centre starts May 2015
Apr 23, 2015 (LBO) – Sri Lanka is expected to commence activities of International Arbitration Centre from the month of May, government spokesman, Rajitha Senaratne said.He says the government aims to develop Sri Lanka as a regional hub to provide services related to law and order, considering the professional capabilities in the country’s legal sphere.The […]