Category: Economy and Markets
‘s Central Bank to have $1.1bn currency swap extension from India
Apr 23, 2015 (LBO) – Sri Lanka’s Central Bank is to enter into an agreement with India to extend its currency swap facility by 1.1 billion US dollars. The union cabinet chaired by the Indian Prime Minister on Wednesday gave its ex-post-facto approval for entering into an agreement with the Sri Lankan Central Bank for […]
Sri Lanka stocks close lower at 0.04-pct
Apr 23, 2015 (LBO) – Sri Lanka’s stocks closed lower, 0.04 per cent with the telecommunication stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed 2.74 points lower at 7,114.39, down 0.04 per cent. The S&P SL20 closed 03.29 points lower at 4,026.32, down 0.08 per cent. “The political uncertainty in […]
‘s Fitch rates DFCC Vardhana debentures
Apr 23, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned DFCC Vardhana Bank’s proposed Basel II-compliant senior debentures of up to 3 billion rupees an expected national long-term rating of ‘AA-(lka)(EXP)’. The proposed Basel II-compliant subordinated debentures of up to 2 billion rupees has assigned an expected national long-term rating of ‘A+(lka)(EXP)’. The debentures, […]
Sri Lanka’s Fitch withdraws national long term rating on DSI Holdings
Apr 23, 2015 (LBO) – Sri Lanka’s Fitch Ratings has withdrawn DSI Holding’s national long-term rating of ‘BBB(lka)’ with a stable outlook. Issuing a statement Fitch said the withdrawal follows the amalgamation of DSI Holdings with its ultimate parent, DSI Samson Group (Private) Limited.DSI Samson Group is the surviving entity and under the provisions of […]
Sri Lanka’s Singhe Hospitals opens for trading
Apr 23, 2015 (LBO) – Sri Lanka’s Singhe Hospitals was listed on the DiriSavi board of the Colombo Stock Exchange on Tuesday, the stock exchange said in an announcement.Chairman and CEO of Singhe Hospitals A.M. Weerasinghe rang the ceremonial opening bell to begin trading for the day.On the first day of trading Singhe Hospitals shares […]
‘s Central Bank to have $1.1bn currency swap extension from India
Apr 23, 2015 (LBO) – Sri Lanka’s Central Bank is to enter into an agreement with India to extend its currency swap facility by 1.1 billion US dollars. The union cabinet chaired by the Indian Prime Minister on Wednesday gave its ex-post-facto approval for entering into an agreement with the Sri Lankan Central Bank for […]
”; Outlook Stable
Apr 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed countries’s Long-Term Foreign and Local Currency Issuer Default Ratings at ‘BB-‘. The issue ratings on Sri Lanka’s senior unsecured foreign and local currency bonds are also affirmed at ‘BB-‘, Fitch Ratings said in a statement.The Outlooks on the Long-Term IDRs are Stable and the […]
‘s T- bill yeilds down: Central Bank
Apr 15, 2015 (LBO) –Sri Lanka’s Treasury yields were down at Wednesday’s (22) auction with the 12-month yield declining 10 basis points to 6.50 per cent, data from the state debt office showed. It was decided to accept 13,735 million rupees from the auction of 12 month yield.The 6-month yield also declined to 6.35 per […]
Sri Lanka stocks close higher at 0.3-pct
Apr 22, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.26 per cent with foreigners becoming net buyers after three consecutive days of net selling, brokers said. The Colombo benchmark All Share Price Index closed 18.53 points higher at 7,117.13, up 0.26 per cent. The S&P SL20 closed 03.81 points higher at 4,029.61, up 0.08 […]
Sri Lanka’s business chamber urges political parties to support delayed 19th amendment
Apr 22, 2015 (LBO) – Sri Lanka should take advantage of the multi-party government to strengthen constitutional governance in the country and pave the way to improve the business climate in the country to attract greater investment, both local and foreign, a statement said. “Considering the importance of the constitutional reforms that have been proposed […]
‘s T- bill yeilds down: Central Bank
Apr 15, 2015 (LBO) –Sri Lanka’s Treasury yields were down at Wednesday’s (22) auction with the 12-month yield declining 10 basis points to 6.50 per cent, data from the state debt office showed.It was decided to accept 13,735 million rupees from the auction of 12 month yield. The 6-month yield also declined to 6.35 per […]
Sri Lanka stocks close higher at 0.3-pct
Apr 21, 2015 (LBO) – Sri Lanka’s stocks closed higher, 0.26 per cent with active retail investors trading and banking sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 18.22 points higher at 7,098.60, up 0.26 per cent. The S&P SL20 closed 05.83 points higher at 4,039.65, up 0.15 per […]