Markets

Sri Lanka’s Guardian Acuity Asset Management launches low risk gilt fund

Mar 04, 2015 (LBO) – Sri Lanka’s guardian Acuity Asset Management, a fund management firm launched a mutual fund invested in risk free government …

Sri Lanka new ruler’s telco taxes are credit negative : Dialog to be affected more : Fitch

Fitch rates National Development Bank’s senior debentures ‘AA-(lka)(EXP)’

Mar 02, 2015 (LBO) – Sri Lanka’s National Development Bank PLC's proposed senior debentures of up to 7.5 billion rupees which will be used to refinance …

Sri Lanka construction sector eyed by Turkish investors

Mar 02, 2015 (LBO) - Sri Lanka's construction sector is a key area of interest for Turkish companies scouting for investment opportunities, Turkey ambassador …

Sri Lanka’s tax on liquor manufacturers to boost market share of Distilleries Corp: Fitch

Feb 27, 2015 (LBO) – Sri Lanka’s market leader in alcoholic beverage production Distilleries Corporation of Sri Lanka (DIST) would be able to expand its …

Sri Lanka Hayleys’s Rs2bn debt issue oversubscribed

Feb 26, 2015 (LBO) – Sri Lanka, Hayleys PLC’s issue of 20,000,000 senior unsecured listed redeemable rated debentures was oversubscribed today receiving …

Sri Lanka’s Cargills says the new regime has revisit the ‘deemed VAT’

Feb 20, 2015 (LBO) –The new government had to revisit the 'deemed Value Added Tax' where it was asked by the new administration to pay tax on …

Sri Lanka Hayleys to issue debentures

Feb 19, 2015 (LBO) – Sri Lanka, Hayleys PLC, which has interests in export manufacturing, power, leisure and plantations to issue senior unsecured listed …

Fitch rates Sri Lanka’s Singer Finance’s Proposed Senior Debt ‘BBB (lka)(EXP)’

Feb 19, 2015 (LBO) - Fitch Ratings has assigned Singer Finance PLC’s proposed listed senior secured debentures of up to 1.5 billion rupees an Expected …

Sri Lanka new government had not yet decided to stop ‘Port City’

Feb 19, 2015 (LBO) - Sri Lanka’s Port City project has not been stopped yet and is still being looked into, Prime Minister Ranil Wickremesinghe told …

Sri Lanka’s new administration ordered to release ‘Frontline’ magazine issue

Feb 18, 2015 (LBO) - Sri Lanka's new administration had ordered to release an issue of India's Frontline magazine, which was held at the border, Sri Lanka's …

Sri Lanka Softlogic December net up 10-pct

Feb 18, 2015 (LBO) – Sri Lanka's Softlogic Holdings December 2014 quarter net profit rose 10 percent to 179.1 million rupees from a year ago with big …

Sri Lanka’s Power Ministry to set up island-wide charging centers for electric cars

Feb 17, 2015 (LBO) – Sri Lanka’s Power and Energy Ministry plans to set up an island-wide network of charging centres for electric cars involving private …

Sri Lanka’s NDB to issue Rs7.5bn listed debt

Feb 17, 2015 (LBO) - Sri Lanka's National Development Bank to issue listed rated unsecured senior redeemable debentures for 5 billion rupees with an option to …

Sri Lanka Insurance gets a new chairman

Feb 16, 2015 (LBO) – Sri Lanka’s new administration has appointed Hemaka Amarasuriya, an accounting professional, who served for Singer Sri Lanka group for …

Sri Lanka’s Cargills gets US$20mn of IFC investment

Feb 16, 2015 (LBO) – International Finance Corporation (IFC), a unit World Bank has invested 20 million US dollars in Sri Lanka’s Cargill Food Company, the …

Sri Lanka Aitken Spence December 2014 net down 19-pct

Feb 12, 2015 (LBO) - Profits at Sri Lanka's Aitken Spence group fell 19 percent to 869 million rupees in the December 2014 quarter, interim accounts showed. …