Category: Economy and Markets
LOLC to issue USD150mn listed foreign currency bonds in Singapore
Aug 09, 2016 (LBO) – Sri Lanka’s LOLC is to issue and list 150 million US dollars worth foreign currency denominated notes and bonds on the Singapore Stock Exchange. Accordingly, the Company intends to establish a Multicurrency Medium Term Note programme on the Singapore Stock Exchange. “The Company has identified the issue of corporate notes/ […]
GAAM: Foreign inflow of Rs797 mln into Sri Lanka stocks last week
The Guardian Acuity Asset Management Limited (GAAM) weekly report can be downloaded here [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/Weekly-Report-GAAM-06-08-161.pdf” title=”Weekly Report GAAM 06 08 16(1)”]
Sri Lanka exports fell 12-pct in May; trade gap widens 16-pct
Aug 09, 2016 (LBO) – Sri Lanka’s exports fell 12 percent to 776.3 million US dollars in May 2016, while imports rose 0.3 percent to 1,589.8 million US dollars from a year earlier, official data showed. The trade gap has widened 15.7 percent to 813.5 million US dollars from a year earlier. The subdued performance […]
COPE presents interim report; bond report in two weeks
Aug 09, 2016 (LBO) – Sri Lanka’s Parliamentary Committee on Public Enterprises has presented its summarized interim report for the first 3 months of this year in Parliament on Tuesday. Chairman of COPE, Parliamentarian Sunil Handunnetti said the report contains progress of 19 Public Enterprises and covers the period of January 26 to April 08 […]
Sri Lankan rupee trades steady; stocks little changed
Aug 09, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday as dollar demand by importers was offset by conversions of the U.S. currency from exporters amid concerns that price controls by the government could hurt imports, dealers said. Two Sri Lankan economists last week told a summit attended by President Maithripala Sirisena […]
PTL Watch: Yields tick higher, Rs4.75 bln turnover
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2016/08/PTL-Daily-Market-Report-09th-August-2016.pdf” title=”PTL Daily Market Report 09th August 2016″]
Sri Lanka’s Piramal Glass records 11-pct revenue growth in 1Q
Piramal Glass Ceylon PLC has announced its results for the 1st Quarter of F2017 with Rs. 1,656 Million of Revenue & Rs. 110 Million of Profit After Tax. The total revenue during the first quarter of FY 2017 showed an overall growth of 11%. The positive momentum achieved in the domestic market during previous year […]
Mackwoods says Agalawatte share sale had shareholder approval
Aug 09, 2016 (LBO) – Sri Lanka’s Mackwoods Plantations (Private) Limited says the recent share sale of Agalawatte Plantations had been unanimously approved by the shareholders of the company. In a stock exchange filing, Agalawatte Plantations said they have been notified that all the shareholders of Mackwoods Plantations (Private) Limited unanimously approved and executed an […]
Ceylinco Life head office gets biggest solar power system in Colombo
Aug 09, 2016 (LBO) – Ceylinco Life has broken new ground in the sphere of eco-friendly operations with the installation of the biggest solar electricity system in Colombo, the company said. The life insurance company said it is converting its head office building in Colombo 5 to solar power, with a system capacity of 63.18kW. […]
Deutsche Bank Sec. fined USD12.5 mln for inadequate communication supervision
Aug 09, 2016 (LBO) – The Financial Industry Regulatory Authority (FINRA) in the U.S. has fined Deutsche Bank Securities Inc 12.5 million dollars for failure to supervise which employees had access to confidential information. FINRA said it had fined the entity for “significant supervisory failures related to research and trading-related information it disseminated to its […]
Asia shares up as yield hunt drives record flows, pound slips
SYDNEY, Aug 9 (Reuters) – Asian shares stood atop one-year peaks on Tuesday as investors’ desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts at Bank of America Merrill Lynch noted the search for yield […]
Norges wealth fund increases stake in Dialog, EPF reduces
Aug 08, 2016 (LBO) – Norges Bank has increased its shareholding in Dialog Axiata PLC to 96.6 million shares as of end June, data filed with the Colombo Stock Exchange shows. Norway’s Norges Bank, which manages the world’s biggest sovereign wealth fund, is now the fifth biggest shareholder in telecommunications company Dialog with a 1.19 […]