Category: Economy and Markets

Commercial-Bank

Sri Lanka’s Commercial Bank net down 2.4-pct in Sept quarter

Nov 13, 2015 (LBO) – Sri Lanka’s Commercial Bank group profit decreased 2.4 percent to 3.2 billion rupees for the three months ended September 30 compared with the same quarter last year, the bank’s interim results showed. The group reported earnings of 3.71 rupees per share for the quarter.Gross income increased 6.63 percent to 20.3 […]

US

Unusual U.S. financial market moves defy logic, say analysts

Nov 13, 2015 (LBO) – Several strange occurances in U.S. financial markets have raised eyebrows of market analysts amid a near-zero interest rate policy. U.S. interest rates have been near zero, with loose monetary policy followed for nine years, on the heels of the subprime mortgage crisis during the 2007-2009 period. This year some Scandinavian […]

oecd

Global growth prospects dim, slowest in six years: OECD

Nov 13, 2015 (LBO) – Global growth prospects have dimmed again with the global economy expanding by less than three percent in 2015, the weakest for six years, the OECD said launching its Economic Outlook, November 2015. Below the long-run average, this growth reflects further weakness in emerging market economies, recessions in Brazil and Russia […]

land bridge

Sri Lanka to restrict revocation of deeds of gift

Nov 12, 2015 (LBO) – Sri Lanka plans to draft legislations to make provision for revocation of irrevocable deeds of gift to provide greater security for lending institutions who lends money using property as collateral, cabinet spokesman Rajitha Senaratne told reporters on Thursday.Health Minister Rajitha Senaratne said issues have been raised on the rights of […]

Ravi Karunanayake

Sri Lanka receives USD450 mn from expat accounts: Finance Minister

Nov 12, 2015 (LBO) – Finance Minister Ravi Karunanayake said Sri Lanka has received 450 million dollars as deposits after the government encouraged Sri Lankan expats to bring back undeclared funds in places such as Switzerland. Two accounts were from Saudi Arabia and two from Qatar, he said speaking at the Foreign Correspondents Association in […]

Treasury-Bills1_lbo

Sri Lanka Treasury bill yields down

Nov 11, 2015 (LBO) – Sri Lanka’s 12-month Treasury bill yields were down by 6 basis points from 7 percent to 6.94 percent while the six months bill were rejected, data from the state debt office showed.The Central Bank offered 20 billion worth of Treasury bills today and the auction was oversubscribed by 4.4 times with […]

stocks-down-lbo

Sri Lanka stocks close down 0.4-pct: Banking losses  

Nov 11, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent on Wednesday with low investor activity ahead of next week’s budget with losses in some index heavy and banking sector stocks , brokers said. The Colombo benchmark All Share Price Index closed down 30.98 points at 7,019.23 lower 0.44 percent. S&P SL20 […]

Dialog-Axiata-Logo

Sri Lanka’s Dialog Axiata net down 60 pct to Rs679mn

Nov 11, 2015 (LBO) – Profits at Sri Lanka’s Dialog Axiata, which has interests in mobile, fixed and pay television, declined 60 percent from a year earlier to 679 million rupees in the September 2015 quarter, interim accounts showed.Dialog said revenues grew 10.5 percent to 18.8 billion rupees in the September quarter from a year […]

1 … 412 413 414 415 416 … 1,100
Page 414 of 1100