Moody’s assigns B2 rating to Sri Lanka’s senior unsecured US dollar bonds
Mar 07, 2019 (LBO) – Moody's Investors Service has today assigned a B2 rating to the Government of Sri Lanka's senior unsecured US dollar-denominated …
Markets
Stock investor Nimal Perera takes to twitter to bash the CSE
March 7, 2019 (LBO) - Controversial stock market investor Nimal Perera has taken to twitter to make critical remarks about the poor performance of the Colombo …
Fitch assigns Sri Lanka’s upcoming USD bonds an expected rating of B (EXP)
Mar 07, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka's upcoming US dollar-denominated bonds an expected rating of 'B (EXP)'. The rating agency said the …
Another cash call – DFCC to tap the markets for Rs7.6bn in strikingly low priced rights issue
March 6, 2019 (LBO) - DFCC became the latest major bank in Sri Lanka to tap the capital markets in an aggressive rights issue. The bank aims too raise Rs7.6bn …
Rock bottom Rs12bn rights issue pricing crashes Sampath Bank (SAMP) shares
March 1, 2019 (LBO) - Shares on the Colombo Stock Exchange were weaker across the board with Sampath Bank (SAMP) shares having their worst trading day in …
IMF reaches understanding at staff level to extend EFF for an additional year
Mar 01, 2019 (LBO) – A staff team from the International Monetary Fund (IMF) has reached an understanding at the staff level with the Sri Lankan authorities …
Sri Lanka stocks wake up with net foreign buying
February 28, 2019 (LBO) - The Colombo Stock Exchange (CSE) awakened from its slumber with trading crossing the Rs2bn mark (US$11mn) after many days of dull …
Inflation likely to remain in 4 – 6 percent range in 2019: Central Bank projections
Feb 22, 2019 (LBO) – Projections of the Central Bank indicates that inflation is likely to remain in the desired 4 - 6 percent range in 2019 and beyond. …
Central Bank decides to reduce SRR & keep policy rates unchanged
Feb 22, 2019 (LBO) – The Monetary Board of the Central Bank, at its meeting held on 21 February 2019, has decided to reduce the Statutory Reserve Ratio …
World Bank Vice President arrives in Sri Lanka to support country’s reform plans
Feb 13, 2019 (LBO) – The World Bank Vice President for the South Asia Region, Hartwig Schafer arrived today on his first visit to Sri Lanka to gain a better …
Sri Lanka stocks wake up, foreigners active but still net sellers
February 11, 2018 (LBO) - The Sri Lankan stock market has at least for today, awoken from its seemingly endless slumber. The Colombo Stock Exchange (CSE) …
Sri Lanka official reserves down to USD 6.1 billion by end January: Central Bank
Feb 08, 2019 (LBO) – Sri Lanka’s official reserve assets were 6.14 billion US dollars by the end of January this year, down from 6.92 billion US …
SEC charges a person before Magistrate for failing to appear when summoned
Feb 07, 2019 (LBO) – Securities and Exchange Commission of Sri Lanka has charged a person named Vidanalage Juvenal Aruna Melan Soysa at Fort Magistrate Court …
CINV and GUAR considering options to wind up The Sri Lanka Fund
Feb 05, 2019 (LBO) – Ceylon Guardian Investment Trust PLC (GUAR) and Ceylon Investment PLC (CINV) has decided to consider options of winding up The Sri Lanka …
Harry J’s shareholding in JKH approaching 10%, stake valued at close to Rs20bn
February 5, 2019 (LBO) - Sri Lanka's richest man, Harry Jayawardena, has increased his shareholding in Colombo Stock Exchange bellwether John Keells Holdings …
An insight into Sri Lanka’s economic behaviour: NTB
Jan 28, 2019 (LBO) - Elaborating on the ‘Insight into Sri Lanka’s Economic Behaviour’, executive vice president – treasury and investment banking at …
Sri Lanka’s USD200mn development bond issue undersubscribed
Jan 25, 2019 (LBO) – The issue of Sri Lanka development bonds amounting to 200 million US dollars have been undersubscribed with only 182 million dollars of …
Fitch-rated frontier markets saw 13 positive, 6 negative rating actions in 2018
Jan 21, 2019 (LBO) – Fitch-rated frontier markets saw more positive than negative sovereign rating actions in 2018 with 13 positive rating actions compared …
Foreign institutions dump over $ 100mn of Sri Lanka bonds to start 2019
January 18, 2019 (LBO) - Foreign institutional investors have continued to sell Sri Lanka's bonds and stocks, even after Sri Lanka's constitutional crisis has …
Ailing rupee and price controls may lead to a shortage of milk powder: Advocata
Jan 17, 2019 (LBO) - A cup of tea is every Sri Lankan’s morning mantra. This might not be the case much longer as Sri Lanka may face a shortage of milk …