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Sri Lanka stocks close down 0.9-pct
Nov 27, 2014 (LBO) – Sri Lanka’s stocks closed 0.89 percent lower with telco and banking stocks losing ground despite net foreign buying, brokers said. Foreign investors bought 445.70 million rupees worth shares while selling 125.55 million rupees worth shares. Commercial Bank of Ceylon closed 7.40 rupees lower at 160.60 rupees and Sri Lanka Telecom […]
Presidential race is a battle between democracy and autocracy UNP
Nov 27, 2014 (LBO) – Sri Lanka main opposition United National Party (UNP) said that the forthcoming presidential election is a battle between democracy and autocracy. This presidential race is a battle between democracy and autocracy, UNP said this issuing a statement short while ago. Between corruption and good governance. Between the rule of law […]
Sri Lanka to handover gold that recovered from LTTE banks to rightful owners
Nov 27, 2014 (LBO) – The gold that recovered from illegally operated banks by LTTE will be handed over to their rightful owners by the government of Sri Lanka as a gesture of goodwill, a media report said. The government has identified about 2379 owners after going through stringent identification and verification process the report […]
Sri Lanka Treasury bill yields frozen
Nov 26, 2014 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction with the 12-month yield unchanged at 6.00 percent, data from the state debt office showed. The debt office which is part of the island’s central bank not offered 3-month short term bills for the auction. 6-month yield was also frozen […]
Sri Lanka stocks close down 0.8-pct
Nov 26, 2014 (LBO) – Sri Lanka’s stocks closed 0.82 percent lower with Index heavy John Keells Holdings and Nestle Lanka losing ground, brokers said. The Colombo benchmark All Share Price Index closed 59.64 points lower at 7,179.72, down 0.82 percent. The S&P SL20 closed 21.02 points lower at 4,024.70, down 0.52 percent. Turnover was […]
Ratings
Nov 26, 2014 (LBO) – Sri Lanka’s Fitch Ratings has assigned Sampath Bank proposed subordinated debentures of up to seven billion rupees a final national long term rating of ‘A+(lka)’. The full statement is reproduced below: Fitch Rates Sampath Bank’s Subordinated Debentures Final ‘A+(lka)’ Fitch Ratings-Colombo/Hong Kong-26 November 2014: Fitch Ratings Lanka has assigned Sampath […]
Debt Issue
Nov 26, 2014 (LBO) – Sri Lanka’s Fitch Ratings has assigned Siyapatha Finance proposed subordinated redeemable debentures of up to one billion rupees a final national long term rating of ‘A-(lka)’. The full statement is reproduced below: Fitch Rates Siyapatha Finance’s Subordinated Debt Final ‘A-(lka)’ Fitch Ratings-Colombo/Taipei-26 November 2014: Fitch Ratings Lanka has assigned Siyapatha […]
Innovative Banking
Nov 26, 2014 (LBO) – Sri Lanka’s banking sector needs new products and services to be competitive in the sector and to drive growth, Central Bank Governor Nivard Cabraal said. Cabraal said, looking at vision 2020, it is time for banks to re invent and re think about the role and the products to achieve […]
Sri Lanka stocks close higher
Nov 25, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher with the price gains of Nestle Lanka and C T Holdings, brokers said. Nestle Lanka closed 46.50 rupees higher at 2,157.50 rupees and C T Holdings closed 8.90 rupees higher at 149.00 rupees, contributing most to the index gain. Ceylon Tobacco Company closed […]
Sri Lanka signs a MOU with China
Nov 25, 2014 (LBO) – Sri Lanka export developmwnt board signs a memorandam of understanding (MOU) with China Council for the Promotion of International Trade of Guangdong (CCPIT-Guangdon) to pave the way for both countries to share information and promote businesses, a media release said. Today’s MOU aims to exchange market information and relevant publications, […]
Sri Lanka stocks near fifteen month intra day drop over political environment in the Island
Nov 24, 2014 (LBO) – Sri Lanka’s stocks closed 2.25 percent lower recording the highest intra-day drop in nearly fifteen months reflecting investor concerns over the current political environment prevailing in the island, a broker said. “Political uncertainties pushed the equities market deep into the red on Monday as ASI witnessed the highest intra-day drop […]
Sri Lankan government wins crucial budget vote 2015
Nov 24, 2014 (LBO) – The Sri Lankan government won a crucial vote in parliament to pass its budget for 2015 on Monday afternoon after days of speculation.The decision came after much speculation about the fate of the government if it failed to muster enough votes to have the budget passed by parliament. If the […]