Category: Economy and Markets
Sri Lanka 2012 GDP growth lowered to 6.8 pct: CB Governor
September 27, 2012 (LBO) – Sri Lanka’s economic growth forecast for 2012 has been lowered to 6. 8 percent from an earlier7.2 percent, Central Bank governor Ajith Nivard Cabral said He said expected growth in some sectors has been revised up and some down. Sri Lanka is facing an external slowdown which has slowed exports […]
Sri Lanka Treasuries yields plunge at auction
Sept 27, 2012 (LBO) – Sri Lanka’s Treasuries yields plunged across maturities with the 6-month yield falling as much as 34 basis points at Wednesday’s auction a week after longer term bonds fell in the secondary market. The 3-month yield fell 11 basis points to 11. 30 percent, the 6-month yield fell 34 basis points […]
Sri Lanka stocks closed up 0.10 pct
September 27, 2012 (LBO) – Sri Lanka stocks closed up 0.10 percent Thursday with NDB PLC and AVIVA NDB Insurance indices dropping on confirmation of a take- over by AIA group. The Colombo All Share Index closed at 5,949.42 up 5.66 points and the S & P SL 20 Index closed 2.04 points higher at […]
Sri Lanka stocks closed up 0.18 pct
September 25, 2012 – (LBO) Sri Lanka stocks closed up 0.18 percent Tuesday with market interest in NDB Capital and several other blue chip companies. The Colombo All Share Index closed at 5,926.29 up 10.39 points and the S & P SL 20 Index closed 6.19 points higher at 3,201.10 up 0.19 percent. Turnover was […]
Sri Lanka bank credit volumes fall to 18-month low in July
Sept 24, 2012 (LBO) – Loans from Sri Lanka’s commercial banks to state and private borrowers fell to 10.1 billion rupees in July 2012, down from 13.5 billion rupees a month earlier, the lowest since January 2011, partly helped by a sovereign bond sale. Loans to private borrowers rose 35. 7 billion rupees to 2,270.6 […]
Sri Lanka bond yields slightly up, rupee stronger
Sept 24, 2015 (LBO) – Sri Lanka’s government bond yields picked up on longer tenors Monday after active trading on Friday saw some of the biggest one day falls in recent history, while the rupee opened stronger against the dollar dealers said. A 2-year bond maturing on 01.04.2014 was quoted at 13.17/25 percent, about Friday’s […]
”’ by Fitch
Sept 24, 2012 (LBO) – Sri Lanka’s Ceylon Income Fund, which invests mainly in corporate debt has been rated ‘A-(lka)’ by Fitch in the first rating of a fund in Sri Lanka, the agency said. “Fitch has rated the fund on the basis of its understanding that the majority of investors in the fund are […]
Sri Lanka bond yields plunge
Sept 22, 2012 (LBO) – Sri Lanka’s bond yields plunged across maturities Friday in one of the biggest intra-day day falls seeen in recent years, before profit taking pushed yields back up somewhat, dealers said. An 18-month bond maturing on 01.04.2014 opened at 3.45/50 percent and dropped as low as 12.90/13.00 percent before closing at […]
‘s Leasing to sell Rs500mn 12-m paper
Sept 21, 2012 (LBO) – Sri Lanka’s People’s Leasing Company Plc, a unit of state-run People’s Bank is planning to sell 500 million rupees of one year commercial paper which has been rated ‘F1+(lka)’, Fitch Ratings said. People’s Leasing is the largest non-bank financial institution in Sri Lanka by advances, with a 21 percnet share […]
Sri Lanka has to keep inflation in mid single digits to grow: CB Governor
Sept 21, 2012 (LBO) – Sri Lanka has to keep inflation in mid single digits allowing interest rates to be in single digits helping keep annual economic growth around 8. 0 percent, Central Bank Governor Nivard Cabraal said. The index has briefly moved above mid single digits in the past few months peaking at 9. […]
”AA(lka) rated bonds
Sept 20, 2012 (LBO) – A five year subordinated bond sale by state-run Bank of Ceylon’s of up to 6 billion rupees has been rated ‘AA(lka)’ one notch below the entity’s national rating of ‘AA+(lka)’, Fitch Ratings said. The bonds will be used to boost the bank’s Tier II capital base. Fitch said Bank of […]
Sri Lanka central bank says issues guidelines to bank forex dealers
Sept 20, 2012 (LBO) – Sri Lanka’s Central Bank said it had issued a direction under the country’s banking law improve “the standard of business conduct and good market practices” on foreign exchange trading activities of licensed commercial banks. However some of the more extreme controls have been relaxed over the past three decades. “The […]