Category: Economy and Markets
PTL Watch: Sri Lanka yields volatile, 9-year at 12.10 pct
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Land for Sri Lanka Volkswagen assembly plant secured: BOI
Apr 11, 2016 (LBO) – Sri Lanka’s Board of Investment has helped to secure land for the setting up of a Volkswagen assembly plant, the investment promotion agency said. “Through the successful facilitation by Upul Jayasuriya, chairman of the Board of Investment of Sri Lanka and his officials, working closely with the Ministry of Lands, […]
IMF supports negative policy rates to spur economies
Apr 11, 2016 (LBO) – IMF supports negative policy rates by some central banks given the significant risks to the outlook for growth and inflation, a blog by IMF staffers states. Six central banks, including the European Central Bank and the Bank of Japan, have taken the unprecedented step to spur their economies. “Although the […]
Sri Lanka PM wants equity swap for USD8 bln debt to China
Apr 11, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe has asked China to swap part of the 8 billion dollars it owes the nation into equity in infrastructure projects, and has offered to sell stakes in Sri Lankan companies. Wickremesinghe spoke to reporters in Beijing, China on Saturday, media report said. “We’ve been […]
Ceylon Dollar Bond Fund records 8.82 percent dollar return
Apr 11, 2016 (LBO) – The Ceylon Dollar Bond Fund (CDBF) that invests in Sri Lanka Dollar Sovereign Bonds and Bank Bonds has recorded an 8.82 percent per annum annualized return (10.60 percent in Rupee terms) during the first quarter of 2016, its managers said. The dollar denominated fund in Sri Lanka is managed by […]
PTL Watch: Net foreign buying, interest in long-tenor bonds
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China grants 500mn Yuan symbolizing Sino-Lanka friendship
Apr 08, 2016 (LBO) – Chinese Premier Li Keqiang has pledged a grant of 500 million Yuan to Sri Lanka symbolizing Sino-Lanka friendship, the Prime Minister’s office said. Chinese Premier has told the Sri Lankan delegation that the Free Trade Agreement is expected to be signed soon reducing the trade gap between the two countries. […]
Sri Lanka’s govt. sets standard for appointing boards of SOE’s
Apr 08, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve a set criteria for consideration for appointing of chairmen and board of directors of State Owned Enterprises in the island. “Lack of a clear-cut policy directives with regard to management of Public Enterprises, failure to delegate decision-making to senior management, absence in commercial […]
Sri Lanka to sign MOU with China to enhance market liquidity
Apr 07, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe who is currently on an official visit to China is to sign an MOU in view of maintaining financial stability of the country by enhancing liquidity of the market. The cabinet nod has been given to the above proposal yesterday at the weekly cabinet […]
Correction: Names of Sri Lankans in Panama Papers not yet released
CORRECTION – Names of individuals in the Panama Papers have not yet been released. The list making the rounds on social media is a previous list on offshore accounts released in 2013. The LBO story has been retracted.
We don’t want to see companies getting delisted: Securities Regulator
Apr 07, 2016 (LBO) – Sri Lanka’s securities regulator has invited listed companies to send their suggestions on the minimum public float rule as they seem to be struggling meet the rule. Director General of Securities and Exchange Commission Vajira Wijegunawardane speaking at a forum on the minimum public float said they are flexible in […]
PTL Watch: Yields dip further, Sri Lanka bond activity volatile
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