Category: Economy and Markets
Sri Lanka plans to issue up to USD3 bln in international sovereign bonds
Mar 30, 2016 (LBO) – Sri Lanka plans to issue international sovereign bonds up to three billion dollars in 2016, the Central Bank said, in a request for proposals to appoint lead managers or book runners. “As per the approved Sovereign Bond programme of the Government of Sri Lanka (GOSL), Central Bank of Sri Lanka […]
PTL Watch: Sri Lanka bond yields rise with auction
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Sri Lanka rates held unchanged after monetary policy meeting
Mar 29, 2016 (LBO) – Sri Lanka’s monetary board held interest rates unchanged after a monthly monetary policy meeting, surprising some market participants who expected a rate increase. Seven out of 13 economists expected the Central Bank to raise rates to tackle high credit growth and pressure on the Rupee, according to a poll done […]
Throwing rocks at the Google Bus, the Rushkoff way
Mar 29, 2016 (LBO) – In his latest book ‘Throwing Rocks at the Google Bus,’ media theorist Douglas Rushkoff argues that the free market isn’t written in stone and a path to a more resilient way of doing business involves understanding the steady-state economy. He reminds us to stop using the market as an excuse […]
CSE seeks foreign listings on proposed dollar denominated Board
The Colombo Stock Exchange (CSE) and the Maldives Stock Exchange (MSE), in association with the Capital Market Development Authority of Maldives (CMDA), acting under the MOU signed between the two exchanges conducted a roadshow for potential Maldivian Issuers and Investors. The forum hosted by the Capital Market Development Authority of Maldives was held on the […]
Sri Lanka should open up more than two sectors for ETCA: Prof. Samarajiva
Mar 29, 2016 (LBO) – Sri Lanka should open up more sectors for the proposed Indo-Lanka Economic and Technology Cooperative Agreement or ETCA, a head of regional think tank said. A former telecoms regulator and founding Chair of LIRNEasia Professor Rohan Samarajiva said at a seminar that the construction industry is a one sector that […]
PTL Watch: Sluggish bonds ahead of monetary policy announcement
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ADB announces loan auction for Sri Lankan SME sector
Mar 28, 2016 (LBO) – Asian Development Bank announced the first auction of a 12.5 million US dollar tranche of re-finance funds for Sri Lankan banks to provide loans for small and medium enterprises in Colombo, Monday. “This is the first time ADB is disbursing funds in this manner where funds will be allocated through […]
PayPal lists Sri Lanka for 2017; Stripe to enter: Harin Fernando
Mar 25, 2016 (LBO) – Popular worldwide online payments system PayPal has listed Sri Lanka for 2017, Minister of Telecommunications and Digital Infrastructure Harin Fernando said. “PayPal has listed us 2017, for them SL market is too small but we have convinced them and keeping a dialog, we have done our part,” Fernando said in […]
Sri Lanka to amend Companies Act
Mar 25, 2016 (LBO) – Sri Lanka’s cabinet has decided to amend the Companies Act No. 07 of 2007 following a proposal made by Industry and Commerce Minister Rishad Bathiudeen. The Advisory Commission appointed to advise the Industry and Commerce Minister and the Auditor General has identified several amendments that should be done. The Companies […]
Sri Lanka’s Watawala Plantations invests in new dairy farm
Mar 24, 2016 (LBO) – Sri Lanka’s Watawala Plantations, one of the largest tea plantation companies in the island has entered into a Joint Venture Agreement with PADC Holdings in Cayman to set up a new dairy farm. As per the agreement entered between the two parties today, the dairy farm will be set up […]
Prime Minister orders an investigation into CSE power failure
Mar 24, 2016 (LBO) – Sri Lanka’s Prime Minister has ordered an investigation into the sudden power failure reported recently at the Colombo Stock Exchange. “Every stock exchange should have back-up power to operate. Today foreign investors asked us how they invest in a market where there is no power to operate,” Premier Ranil Wickremesinghe […]