Category: Economy and Markets
Sri Lanka’s stocks close up 0.6-pct
Mar 31, 2015 (LBO) – Sri Lanka’s shares were up Tuesday following days of negative trading with investors taking profit in banking and index heavy counters, brokers said. The Colombo benchmark All Share Price Index closed 37.91 points higher at 6,820.34, up 0.56 percent. The S&P SL20 closed 19.90 points higher at 3,852.43, up 0.52 […]
Sri Lanka T- bill yields down: Central Bank
Mar 31, 2015 (LBO) – Sri Lanka’s The weekly primary auction for the week ending 02 April 2015 for the re-issue of Rs.19, 000 million maturing Treasury bills was held today, the debt office which is part of the island’s central bank said. Treasury bill yields were down on Tuesday’s auction with the 12-month yield […]
Sri Lanka T- bill yields down: Central Bank
Mar 31, 2015 (LBO) – Sri Lanka’s The weekly primary auction for the week ending 02 April 2015 for the re-issue of Rs.19, 000 million maturing Treasury bills was held today, the debt office which is part of the island’s central bank said.Treasury bill yields were down on Tuesday’s auction with the 12-month yield down […]
Sri Lanka’s stocks close down 1.3-pct
Mar 30, 2015 (LBO) – Sri Lanka’s shares were down Monday with the benchmark index continuing to drop dragged down by banking and index heavy counters, brokers said. The Colombo benchmark All Share Price Index closed 86.42 points lower at 6,787.10, down 1.33 percent. The S&P SL20 closed 68.81 points lower at 3,832.53, down 1.76 […]
Sri Lanka sells Rs25.4bn in 5 and 10 year bonds
Mar 30, 2015 (LBO) – Sri Lanka has sold 25.4 billion rupees of five and ten year bonds after calling bids for 25 billion rupees of bonds, the state debt office said. The debt office on Monday sold 5.26 billion rupees of five year bonds maturing on 01 June 2020 at weighted average yield of […]
‘s new regime calls everyone to engage in share market activities and participate in wealth creation: Harsha De Silva
Mar 30, 2015 (LBO) – Sri Lanka’s new government wants every household to benefit from the country’s share market, deputy minister of policy and finance planning, Harsha De Silva said. “We want an asset holding middle class; we do not want the share market to be the property of 200 people.” ” De Silva said. […]
Sri Lanka to grow as a knowledge based economy: Doors open for private sector : Eran Wickramaratne
Mar 30, 2015 (LBO) – Sri Lanka’s future should be based on a knowledge based industry which will enable the Island to attract more investors, deputy Minister of highways, higher education and investments promotions, Eran Wickramaratne said. “One of the challenges for investors in Sri Lanka is access to skilled labour and the island’s education […]
Sri Lanka sells Rs25.4bn in 5 and 10 year bonds
Mar 30, 2015 (LBO) – Sri Lanka has sold 25.4 billion rupees of five and ten year bonds after calling bids for 25 billion rupees of bonds, the state debt office said. The debt office on Monday sold 5.26 billion rupees of five year bonds maturing on 01 June 2020 at weighted average yield of […]
Sri Lanka’s President Sirisena calls for a new thinking on Asian growth strategy
Mar 29, 2015 (LBO) – Sri Lanka’s President Maithreepala Sirisena calls for a new thinking on growth strategy and more cooperative partnership among the community of Asia.He was speaking yesterday at the economic conference “Boao Forum for Asia 2015” held in Hainan island , China’s south and said there is an ever-growing disparity among the […]
Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years
Mar 27, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 100 million US dollars of bids received from investors. The central bank has accepted 100 million US dollars of five year bonds at a rate of 6 month US dollars LIBOR plus a […]
”; outlook stable
Mar 27, 2015 (LBO) – Fitch Ratings has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. The full text is reproduced below. Fitch Ratings-Colombo-27 March 2015: Fitch Ratings Lanka has affirmed HSBC Sri Lanka Branch’s (HSBCSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS […]
‘BB-: New taxes will hasten industry consolidation
Mar 02,2015 (LBO) Fitch Ratings has affirms Sri Lanka Telecom’s (SLT) long-term foreign- and local-currency ratings at ‘BB-‘ and national long-term rating at ‘AAA(lka)’ with a stable outlook. However it said with the new adjustments of the new administration’s interim budget SLT is likely to pay around 3.5- 4 billion rupees in additional taxes. Fitch […]