Category: Economy and Markets
Hemas eyes state-owned Lanka Hospitals Corporation
Dec 04, 2015 (LBO) – Sri Lanka’s diversified conglomerate Hemas Holdings has expressed interest in acquiring a stake of state-owned Lanka Hospitals Corporation.In a stock exchange filing the company said they noted the interest expressed by the Government in disposing of shares in ventures such as Lanka Hospitals Corporation PLC. “Hemas as a group has […]
PTL Watch: Little activity in secondary bond market
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IMF looking at Sri Lanka options, fiscal consolidation key: IMF
Nov 04, 2015 (LBO) – Sri Lanka’s government has expressed interest in a IMF-supported program as one option to address balance of payments pressures, the resident representative of the IMF told Lanka Business Online.“IMF staff is considering options for Sri Lanka, which would depend on our assessment of macroeconomic vulnerabilities, the nature and size of […]
Blue Diamonds to call EGM to use Right Issue to pay salaries
Dec 04, 2015 (LBO) – Sri Lanka’s Blue Diamonds is to call an Extraordinary General Meeting to obtain approval to use part of their Rights Issue funds to pay staff salaries. In a stock exchange filing the company that exports diamond studded gold jewellery said some major shareholders agreed to allocate funds for working capital […]
Sri Lanka’s CSE to see infrastructure bonds and REITs soon
Dec 04, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) chief said that new products in the form of infrastructure bonds and REIT’s will be introduced to broaden and add depth to the islands debt markets.“New products need be brought in, Sri Lanka’s debt market needs to be broadened and depth needs to be […]
Sri Lanka’s stock exchange adopts global classification standard
Dec 03, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) said it is adopting the Global Industry Classification Standard (GICS) to classify its listed companies along with S&P/CSE cobranded sector indices. The Global Industry Classification Standard (GICS®) was jointly developed by Standard & Poor’s and MSCI Barra to meet the global financial community’s need […]
Sri Lanka stocks close up 0.3-pct
Dec 03, 2015 (LBO) – Sri Lankan stocks closed up at 0.26 percent after sixth straight day of losses backed by gains in index heavy and some banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed up 17,87 points at 6,880.66 up 0.26 percent. S&P SL20 closed 9.93 points higher at 3,647.68 […]
PTL Watch: Bond yields tick up 5bp on profit taking
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Dialog Axiata says no agreement to
Dec 03, 2015 (LBO) – Sri Lanka’s fixed and mobile telco operator Dialog Axiata said on Thursday that it has not entered into an agreement with any party to merge or acquire Airtel.“Dialog has been a consistent proponent of market consolidation and in the normal course of business evaluates opportunities, both organic and inorganic, to […]
Sri Lanka PM calls on middle class to invest in stock market
Dec 03, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickramasinghe said that the island’s mid income earners should be confident and not afraid to invest in the Colombo Stock Exchange.“The middle class must have a bigger stake in the shareholding in this country,” he said. “Over the last five years, there has been a […]
We are in ‘Nonagathaya,’ New Year is on the way: Prime Minister
Dec 03, 2015 (LBO) – Sri Lanka is still in the period of making strategies to move forward and the country might have to generate additional revenue next year to pay contingent liabilities, Prime Minister Ranil Wickremesinghe said.“The budget is very much like a Sinhalese new year. Before the New Year comes you give a […]
Sri Lanka state sector asked to generate revenue for national economy: PM
Dec 03, 2015 (LBO) – Sri Lanka’s state-owned enterprises have to perform better towards contributing to the national economy, Prime Minister Ranil Wickremesinghe said.“Our first focus is on the state enterprise and we will ensure that there is better performance in the state enterprises in the coming few years,” he said. “We are keeping the […]