Category: Economy and Markets
Sri Lanka listed debt holders may get trading facilities soon
Nov 21, 2012 (LBO) – Sri Lanka’s listed debt holders will get better facilities to trade and exit their investments with a new trading system officials said with the possibility of restrictive margin requirement which had all but killed transactions, being relaxed. Though they deal billions of rupees worth of stocks without margin, the requirement […]
Sri Lanka stocks extend losses
Nov 21, 2012 (LBO) – Sri Lanka stocks extended losses, sliding 1.3 percent Wednesday on top a 1.2 percent fall a day earlier with losses across the board with some margin calls also contributing, brokers said. Sri Lanka’s stocks have now fallen over 600 points from an early October peak. Stocks went through a mini […]
Sri Lanka Treasuries yields up
Nov 22, 2012 (LBO) – Sri Lanka’s Treasuries yields rose across maturities at Wednesday’s auction with the 12-month yield rising as much as 08 basis points to 12. 81 percent, data from the state debt office showed. The bills stock which was around 206 billion rupees a last week rose to 212 billion rupees on […]
Sri Lanka Bank of Ceylon bond sale gets Rs4.0n in applications
Nov 20, 2012 (LBO) – A debenture sale by state-run Bank of Ceylon has so far received 4. 0 billion rupees worth subscriptions, the lender said in a stock exchange filing. The bank offered 3.0 billion rupees of 5-year debentures and said it would offer a further 3. 0 billion if the first tranche was […]
Sri Lanka could benefit from greater private investment: World Bank MD
Nov 19, 2012 (LBO) – Sri Lanka has shown high debt-backed investment led growth when the rest of the world was slowing but to attract long term “good quality” investors, a better environment is needed, a top World Bank official said. Sri Lanka’s fiscal side was improving with debt levels while falling from high of […]
‘s
Nov 16, 2012 (LBO) – Sri Lanka needs effective economic management to retain a positive outlook on its ‘B1’ rating Moody’s Investors Services said in a credit analysis, also raising concerns over declining rule of law. Sri Lanka’s institutional strength score assesses governance strengths, a strong payments record and the government’s commitment to data transparency, […]
Sri Lanka policy rates unchanged, private credit low
Nov 16, 2012 (LBO) – Sri Lanka’s central bank kept the rate at which money is injected into the market at unchanged at 9. 76 percent at its November monetary policy meeting, though money has been injected at below market rates on longer tenures in recent weeks. Another auction this week was cancelled, but the […]
Sri Lanka Bank of Ceylon debenture demand strong: officials
Nov 14, 2012 (LBO) – A sale of 5-year debenture of up to 6. 0 billion rupees by state-run Bank of Ceylon, due to open on November 15 has seen strong demand and is expected to close quickly, an official said. P A Lionel, deputy general manager treasury and investments of Bank of Ceylon said […]
Sri Lanka Treasuries yields up on longer end
Nov 14, 2012 (LBO) – Sri Lanka’s Treasuries yield rose as much as 08 basis points to 12. 73 percent for the 12-month maturity but the 3-month yield fell 01 basis point to 10. 67 percent, data from the state debt office showed. The 6-month yield rose 03 basis points to 12.05 percent. The debt […]
Sri Lanka labour force growth is slowing: think tank
Nov 14, 2012 (LBO) – Sri Lanka’s labour force growth is slowing and the proportion of the workforce above 30 years is growing, while the proportion below 30 is shrinking, raising important policy questions, a top think has said. “There are already indications that the Sri Lankan labour force growth has slowed down,” Sri Lanka’s […]
Sri Lanka visit by World Bank managing director
Nov 14, 2012 (LBO) – World Bank managing director Sri Mulyani Indrawati will visit Sri Lanka from November 15 to 19, to discuss the climate for private sector investment and seek ways for the to support the country further, the multilateral lender said. “Sri Lanka has made great strides in overcoming poverty as it transitions […]
” rating confirmed
Nov 13, 2012 (LBO) – Fitch Ratings said a ‘BBB(lka)’ rating of Senkadagala Finance has been confirmed with a stable outlook. “SFC’s rating reflects its long operating history and good credit profile which has been maintained through economic cycles, supported by sound credit controls, low refinancing risk and high profitability,” the rating agency said. “However, […]