Category: Economy and Markets
PTL Watch: Interest in longer-tenor Sri Lanka bonds
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Sri Lanka IMF issues could be worked out March or April: IMF
Feb 12, 2016 (LBO) – Sri Lanka has expressed interest in an IMF supported program as an option to address balance of payments pressures and issues could be worked out by March or early April, an IMF official said. “The authorities have expressed interested in a Fund supported program as one option to address the […]
Sri Lanka’s Hayleys December net down 27-pct
Feb 11, 2016 (LBO) – Profits at Sri Lanka’s diversified Hayleys group fell 27 percent to 534 million rupees in the December 2015 quarter, interim accounts showed. The firm reported earnings of 7.12 rupees for the quarter 2015 compared to last year earnings of 9.81 rupees on profits of 736 million rupees. The group revenue […]
PTL Watch: 10-25 bp drop in Sri Lanka 2030, 2041 bonds
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Sri Lanka CSE calls proposals for CCP suppliers
Feb 11, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange says they are calling for Request for Information (RFIs) inviting potential suppliers for the Central Counter Party (CCP) system to be implement in early 2017. “Upon completion of the first phase of the project, we have now issued a Request for Information (RFI) to engage potential suppliers,” […]
Sri Lanka’s Cargills (Ceylon) December net down 3 pct
Feb 10, 2016 (LBO) – Profits of Sri Lanka’s Cargills (Ceylon) group, which has interests in retailing and fast moving consumer goods, fell 3 percent to 463 million rupees, interim accounts showed. The group reported earnings of 2.07 rupees per share for the quarter. Revenues rose 19 percent to 18.1 billion rupees and cost of […]
“Doing our best to live up to expectations of PM”: Harsha
Feb 10, 2016 (LBO) – Sri Lanka’s Deputy Minister of Foreign Affairs assures that although there is some frustration at the Prime Ministers level with regards to Foreign Ministry performance, they are doing their utmost to prove themselves. “We are a new and liberal government and we need to get on with it. Most importantly […]
PTL Watch: Selling in 2021, 2023 Sri Lanka bonds
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Mass transit essential for Colombo to succeed: UDA DG
Feb 09, 2016 (LBO) – The critical role earmarked for joined-up public transport in Colombo’s development and what can be done to boost lending for housing were two topical issues explored by senior figures at the Urban Development Authority (UDA) with the Oxford Business Group. The UDA’s director general Nayana Mawilmada said Sri Lanka’s inadequate […]
Nikkei falls 5 pct on negative interest rates, global growth
Feb 09, 2016 (LBO) – Japan’s Nikkei fell 5 percent on Tuesday on weaker banking shares after the Bank of Japan allowed negative interest rates, while a stronger yen dragged down stocks across the board. The Nikkei dropped fell to 16,139 points in mid morning trade while China and Hong Kong markets were closed for […]
Sri Lanka’s Access Engineering net up in December
Feb 08, 2016 (LBO) – Sri Lanka’s Access Engineering group, which has interests in construction, real estate and automobiles, said net profits in the December 2015 quarter was slightly up by 2.6 percent to 544.82 million rupees from a year earlier. The group posted earnings of 54 cents per share. The stock last traded at […]
Sri Lanka’s Distilleries December net up 10.7 pct
Feb 08, 2016 (LBO) – Net profits at Sri Lanka’s Distilleries Group, the island’s largest alcohol maker, rose 10.7 percent to 1.78 billion rupees in the December 2015 quarter form a year earlier, interim accounts showed. In the December quarter, total revenues rose 36 percent to 23.58 billion rupees and cost of sales rose at […]