Category: Economy and Markets
Sri Lanka stocks close 0.2-pct higher
Dec 17, 2013 (LBO) – Sri Lanka stocks close higher for the fourth straight day with finance and diversified stocks gaining, brokers said. Ceylinco Insurance closed 1.10 rupees higher at 1,350.00 rupees and Sampath Bank closed 1.00 rupee higher at 169.00 rupees. HNB closed 50 cents lower at 141.50 rupees and Touchwood Investments closed 10 […]
Sri Lanka and Kenya ink deals in tourism, trade and economic co-operation
Dec 15, 2013 (LBO) – Sri Lanka and Kenya has signed agreements in tourism, trade, economic, commercial and technical co-operation during a four day state visit by President Mahinda Rajapaksa.Sri Lanka’s President Mahinda Rajapaksa is on a four day state visit to Kenya. His media office said the two leaders also had talks on further […]
‘s Senkadala Finance debt gets Rs1.3bn in orders
Dec 14, 2013 (LBO) – A debt sale by Sri Lanka’s Senkadagala Finance Plc has received applications for 1.3 billion rupees, the firm said.The issue opened and closed on December 06 with 147 applications coming in for the 5-year subordinated debentures. The debenture proceeds are used to boost capital and future lending. Senkadagala Finance said […]
Sri Lanka stocks close higher
Dec 13, 2013 (LBO) – Sri Lanka stocks closed higher Thursday with finance and diversified stocks gaining despite net foreign selling, brokers said. Ceylinco Insurance closed flat at 1,348.90 rupees and Commercial Bank closed 50 cents lower at 117.00 rupees. Sampath Bank closed 1.00 rupee higher at 168.00 rupees and NDB closed 80 cents lower […]
EU bank watchdog warns over Bitcoin
LONDON, December 13, 2013 (AFP) – The European Union’s banking watchdog on Friday issued a warning over virtual currency trading amid huge swings in the value of Bitcoin, a lack of regulation and money laundering risks.The EBA urged users to “exercise the same caution with your digital wallet as you would do with your conventional […]
Sri Lanka stocks end higher
Dec 12, 2013 (LBO) – Sri Lanka stocks closed higher Thursday with diversified stocks gaining amid net foreign buying on the bourse, brokers said. The Colombo benchmark All Share Price Index closed 5.38 points higher at 5,793.19, up 0.09 percent. The S&P SL20 closed 7.17 points higher at 3,189.44, up 0.23 percent. Turnover was 247.70 […]
‘s NTB debentures oversubscribed
Dec 12, 2013 (LBO) – Sri Lanka’s Nations Trust Bank said its 3.0 billion rupee 5-year debenture offer was oversubscribed within hours of opening.The bank is offering 30 million 100 rupee debentures paying 13 percent every six months, giving an annual effective yield of 13.42 percent. The issue had drawn more than 5.0 billion rupees […]
Sri Lanka stocks close higher
Dec 11, 2013 (LBO) – Sri Lanka stocks closed greener Wednesday with diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 9.29 points higher at 5,787.81, up 0.16 percent. The S&P SL20 closed 5.65 points higher at 3,182.27, up 0.18 percent. Turnover was 180.07 million rupees, down […]
G8 ministers meet on dementia time-bomb
LONDON, December 11, 2013 (AFP) – Health ministers from the G8 nations were meeting in London on Wednesday to tackle what experts warn is a dementia time-bomb, with cases set to soar as the world’s population ages.Ministers from the Group of Eight wealthy nations’ were gathered with health experts and charities for the first ever […]
‘s acquires Amba
Dec 11, 2013 (LBO) – US-based Moody’s Corporation said it had acquired Amba Investment Services, a securities research outsourcing firm that has operations in Sri Lanka, India and Costa Rica.Amba is expected to bring revenues of 39 million US dollars in 2013.It will operate as part of Copal Partners a unit of Moody’s Analytics. “Amba […]
Sri Lanka Treasuries yield plunge
Dec 11, 2013 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12 month yield plunging 35 basis points to 9.15 percent, data from the state debt office showed.The debt office offered 10 billion rupees of maturing bills and accepted 13.3 billion rupees in bids from the auction. The three […]
Sri Lanka stocks end 0.7-pct lower
Dec 10, 2013 (LBO) – Sri Lanka stocks closed in the red Tuesday with index heavy stocks losing ground despite strong foreign buying, brokers said. HNB closed flat at 143.00 rupees and Touchwood Investments also closed flat at 2.90 rupees. The Colombo benchmark All Share Price Index closed 42.78 points lower at 5,778.52, down 0.73 […]