Category: Economy and Markets
Sri Lanka stocks close up 0.3-pct Turnover low
July 14, 2015 (LBO) – Sri Lanka’s stocks closed up 0.35 percent on Tueasday, for a fourth consecutive session with telecom stocks continuing to showing gains, brokers said. The Colombo benchmark All Share Price Index closed 24.22 points higher at 7,027.10 up 0.35 percent. The S&P SL20 closed 3.84 points higher at 3,920.13 up 0.10 […]
Sri Lanka’s growth rate in past two years disturbed after GDP rebasing: Nivard Cabraal
July 14, 2015 (LBO) – Sri Lanka’s GDP growth rate in the past two years have been disturbed by a sinister action of politicians, former Governor of the Central Bank charged. Former Governor of the Central Bank Ajith Nivard Cabraal speaking at a special press briefing told reporters Tuesday that the new growth rate of […]
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July 14, 2015 (LBO) – Fitch Ratings Lanka has downgraded Siyapatha Finance PLC’s (SLFL) National Long-Term Rating to ‘A-(lka)’ from ‘A(lka)’ with a stable outlook, the rating agency said in a statement. The agency has also downgraded the National Long-Term Ratings on SLFL’s outstanding senior unsecured debentures to ‘A-(lka)’ from ‘A(lka)’ and outstanding subordinated debentures […]
Sri Lanka tea plantation workers offered a wage hike
July 14, 2015 (LBO) – Sri Lanka’s regional plantation companies (RPCs ) said they are raising the daily pay for 1000 rupees to meet labour union demands but only if workers agree to improve their productivity and pluck more tea.Plantation worker earns 620 rupee wage at present. “While the RPCs are finding even the present […]
Sri Lanka stocks close up 0.3-pct
July 13, 2015 (LBO) – Sri Lanka’s stocks closed up 0.27 percent on Monday for a third consecutive session with plantation and telecom sector stocks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 18.66 points higher at 7,002.78 up 0.27 percent. The S&P SL20 closed 11.17 points higher at 3,916.44 up 0.29 […]
Sri Lanka sells USD301mn of one and two year development bonds
July 13, 2015 (LBO) – The issue of Sri Lanka development bonds amounting to 75 million US dollars have been oversubscribed with 301.0 million US dollars of bids received from investors. The central bank has accepted 291.0 million US dollars of one year and one month bonds at a floating rate of weighted average margin […]
Sri Lanka’s CSE signs MoU with Maldivian counterpart
July 12, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the Maldives to explore opportunities for cooperation between the two Exchanges.Chairman of the CSE Vajira Kulatilaka said the CSE is extending its reach beyond borders to cooperate commercially with its peer exchanges in the region, to collectively […]
Sri Lanka stocks close up 0.5-pct
July 10, 2015 (LBO) – Sri Lanka’s stocks closed up 0.53 percent on Friday for a second consecutive day with JKH and banking stocks continuing to show gains, brokers said. The Colombo benchmark All Share Price Index closed 37.07 points higher at 6,984.12 up 0.53 percent. The S&P SL20 closed 34.56 points higher at 3,905.27 […]
Sri Lanka’s Asiri Central Hospitals sells Horton Place land for RS2.7bn
July 10, 2015 (LBO) – Sri Lanka’s Asiri Hospital Holdings said a sale and transfer of land and premises owned by Asiri Central Hospitals was completed Thursday for 2.70 billion rupees. The land is situated at No 37, Horton Place, Colombo 07, the company said in a stock exchange filing. Asiri Central Hospitals limited formerly […]
Fitch Ratings to host Sri Lanka investment fund and asset management forum
July 10, 2015 (LBO) – Fitch will host an investment fund and asset management forum in Sri Lanka in September, the rating agency said in a statement. “Leading market participants, including issuers, investors, and bankers, will discuss developments in the asset management industry globally both in terms of asset classes and regulatory developments,” the statement […]
Sri Lanka sells Rs31.2 bn in 4, 6 and 7 year bonds
July 09, 2015 (LBO) – The issue of treasury bonds amounting to 40.0 billion rupees have been oversubscribed with 74.0 billion rupees of bids received from investors. The Central Bank has accepted 11.-super-force online https://www.mabvi.org/wp-content/themes/mabvi/images/new/levitra-super-force.html no prescription 5 billion rupees of four year bonds maturing on 01 May 2020 at a weighted average yield rate […]
Sri Lanka stocks close up 0.3-pct; JKH gains
July 09, 2015 (LBO) – Sri Lanka’s stocks closed up 0.34 percent on Thursday, following three consecutive day of losses, with index heavy stocks and banks showing gains, brokers said. The Colombo benchmark All Share Price Index closed 23.26 points higher at 6,947.98 up 0.34 percent. The S&P SL20 closed 26.92 points higher at 3,877.29 […]