Category: Economy and Markets
Sri Lanka sells Rs4.56bn in 03 year bonds; 07 year bonds rejected
Apr 21, 2015 (LBO) – Sri Lanka has sold 4.56 billion rupees of three year bonds after calling bids for six billion rupees of bonds, the state debt office said.The debt office on Tuesday sold three year bonds maturing on 01 June 2018 at weighted average yield (net of tax) of 8.15 percent. The debt […]
ADB has performed well in Sri Lanka: Report
Apr 21, 2015 (LBO) – Sri Lanka has been rated as a country where the Asian Development Bank operations performed well in South Asia, a new annual review by Independent Evaluation of the Asian Development Bank (ADB) said.“The country assessments point to a relatively good performance of ADB operations in South Asia, particularly in Bhutan, […]
Sri Lanka sells Rs4.56bn in 03 year bonds; 07 year bonds rejected
Apr 21, 2015 (LBO) – Sri Lanka has sold 4.56 billion rupees of three year bonds after calling bids for six billion rupees of bonds, the state debt office said. The debt office on Tuesday sold three year bonds maturing on 01 June 2018 at weighted average yield (net of tax) of 8.15 percent. The […]
Sri Lanka stocks close lower at 0.1 –pct with political uncertainty keeping investors away
Apr 20, 2015 (LBO) – Sri Lanka’s stocks closed down, 0.09 per cent mainly due to the prevailing political uncertainty in the Island driving investors away, brokers said. The Colombo benchmark All Share Price Index closed 06.03 points lower at 7,080.38 down 0.09 per cent. The S&P SL20 closed 08.04 points higher at 4,020.60 up […]
” : Fitch
Apr 20, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer Sri Lanka Plc’s proposed unsecured redeemable debenture issue of up to three billion rupees, a national long-term rating of ‘A-(lka)(EXP)’. The debentures are likely to have a three-year tenor and to be issued in two tranches with fixed and floating rates, the rating […]
Asia must lift productivity for higher growth and wellbeing, human development is critical: ADB
Apr 20, 2015 (LBO) – Asia and the Pacific need to increase the overall productivity through investments in physical, human and natural capital, said a new annual review by Independent Evaluation at the Asian Development Bank (ADB).“A part of boosting productivity is making the most of human resources which therefore is also good for greater […]
Sri Lanka’s CB governor not guilty : Bond Investigation Report
Apr 19, 2015 (LBO) – The committee appointed by Prime Minister to probe the controversial 30 year bond has found that Central Bank governor Arjuna Mahendran had no direct participation in the incident, a statement issued by the Economic Affairs Ministry said. “The Committee concluded that there was no evidence to the effect that the […]
Sri Lanka’s business Chamber urges speedy election; Political uncertainty driving investors away
Apr 19, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of commerce says, the prevailing political uncertainty impacts negatively on the economic and business environment in the Island and to restore confidence and attract investment, parliamentary elections must be held expeditiously. The chamber says even though it appreciates the diverse positions taken on the forthcoming general […]
Sri Lanka’s CB governor not guilty : Bond Investigation Report
Apr 19, 2015 (LBO) – The committee appointed by the Prime Minister to probe the controversial 30 year bond has found that Central Bank governor Arjuna Mahendran had no direct participation in the incident, a statement issued by the Economic Affairs Ministry said. “The Committee concluded that there was no evidence to the effect that […]
Sri Lanka’s 100 day programme to be observed by IMF, ready to support in future: Finance Ministry
Apr 18, 2015 (LBO) – Sri Lanka’s new government’s 100 day programme would be closely observed by the International Monetary Fund (IMF), a statement released by the Finance Ministry said.“The IMF is pleased to see the reliefs that the new rulers have provided for people though the 100 day programme and would like to provide […]
Sri Lanka stocks close up 0.1-pct
Apr 17, 2015 (LBO) – Sri Lanka’s stocks closed up, 0.13 per cent, mainly because of profit taking and the banking and apparel stocks trading actively, brokers said. The Colombo benchmark All Share Price Index closed 9.14 points higher at 7,086.41 up 0.13 per cent. The S&P SL20 closed 21.46 points higher at 4,012.56 up […]
South Asia, fastest growing region; will grow at 7-pct in 2015: World Bank
Apr 17, 2015 (LBO) – South Asia is expected to grow at 7 percent in 2015, picking up pace to 7.6 percent by 2017 as more productive capital is brought on stream, a World Bank report said. “South Asia is set to become the fastest growing region with the region expected to grow at 7 […]