Category: Economy and Markets
PTL Watch: Treasury bond market subdued
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Sri Lanka inflation accelerates 2.2-pct in March 2016
Apr 25, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose 2.2 percent in March from the 1.7 percent inflation reported a month earlier on year-on-year basis, data from the state statistics office showed. The National Consumer Price Index has been compiled as 110.0 for March 2016 and shows […]
Demand for infrastructure finance shows no sign of slowing: ADB
Apr 25, 2016 (LBO) – The demand for finance for major infrastructure and development projects in Asia and the Pacific shows no sign of slowing as regional economies seek ways to address moderating economic growth, inequality, and significant environmental risks, says the Asian Development Bank (ADB)’s 2015 Annual Report. As ADB marks its 50th year […]
US expected to hold rates this week
Apr 25, 2016 (LBO) – The U.S Federal Reserve is widely expected to hold interest rates when its policy makers meet this week. More important than the actual rate decision at this week’s (26th-27th) Fed meeting will be the language of the policy statement, analysts say. “The market for Fed funds futures seems to be […]
Sri Lanka exporters protest gazette on repatriation of funds
Apr 25, 2016 (LBO) – Sri Lankan exporters have begun to protest after the Finance Ministry issued a gazette notification requiring the repatriation of funds from exports that are retained abroad. “As part of current policy measures taken to improve the foreign exchange inflows to the country, the Hon. Minister of Finance has issued the […]
PTL Watch: Foreign buying in Sri Lanka bonds
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Interview: Sri Lanka wants infrastructure that generate revenue, says Niroshan Perera
Apr 22, 2016 (LBO) – Sri Lanka will move ahead with development projects that generate revenue while strengthening accountability of state institutions to Parliament, a government minister said. State Minister for National Policies and Economic Affairs, Niroshan Perera, spoke to Lanka Business Online on several aspects of policy. Projects such as the Mattala airport and […]
Sri Lanka tea sees better demand for high grown small leafs
Apr 20, 2016 (LBO) – Sri Lanka’s tea at auction offerings saw good demand all round with better demand for high grown small leaf teas, Forbes & Walker Tea Brokers said in their latest report. “Consequent to the smaller volume on offer coupled with the absence of an auction last week on account of Sinhala/ Tamil […]
PTL Watch: Sri Lanka bond yields tick up on profit taking
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Seylan Bank to sell Rs5bn in listed debt
Apr 20, 2016 (LBO) – Seylan Bank will sell up to five billion rupees in listed debt, the bank said in a statement.buy “The Bank’s board has approved to issue three billion rupees of debt with a further option to sell another two 2 billion rupees,” a stock exchange filing said. The debentures will be issued […]
‘s President opposes planned VAT hike
Apr 19, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena, in a public address on Monday, said he would not support tax increases that burden the people. The Value Added Tax (VAT) rate is scheduled to be increased to 15 percent from May 2nd, according to the Finance Ministry, and will include the telecommunications sector. […]
PTL Watch: Foreign investors on buy side for bonds
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