Category:
Sri Lanka Treasuries yields steady
May 21, 2013 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with the three month yield flat at 8.75 percent, data from the state debt office showed.The 6-month yield fell 01 basis point to 9.90 percent and the 12-month yield rose 02 basis points to 10.86 percent. The debt office which is […]
”’ by Fitch
May 21, 2013 (LBO) – Fitch ratings has given an ‘AAA(lka)’ national fund credit rating form Ceylon Gilt Edged Fund, managed by Ceylon Asset Management (CAM). Fitch said the rating was driven by the fund’s investments in government securities which was considered ‘AAA(lka)’. The fund was also given a ‘V1(lka)’ national fund volatility rating. “The […]
Singer Sri Lanka debentures oversubscribed
May 21, 2013 (LBO) – A 1.5 billion rupee debenture offer by Singer (Sri Lanka) Plc has been oversubscribed, registrars to the issue said. The issue will close at 4.30 pm today. Singer offered 10 million unsecured debentures of 100 rupees each, up-sized to 15 million in the event of an over subscription. .
Sri Lanka stocks close down 0.3-pct
May 21, 2013 (LBO) – Sri Lanka’s stocks closed down 0.39 percent on Tuesday, following three consecutive days of gains due to a negative impact from the index heavy stocks, brokers said. Distilleries Company of Sri Lanka gained 60 cents to close 190.10 rupees while The Lion Brewery gained 6.50 rupees to close at 386.50 […]
Stable Rating
May 21, 2013 (LBO) – Fitch Ratings said an ‘AA-(lka)’ rating of Sri Lanka’s Hatton National Bank has been confirmed with a stable outlook and the bank has slowed pawning advances as gold prices fell. It also confirmed an ‘A+(lka)’ rating of HNB’s subordinated debentures of 6.0 billion rupees. “HNB’s ratings reflect its strong domestic […]
Sri Lanka branding forum kicks off in Colombo
May 21, 2013 (LBO) – A high level conference on building resilient brands kicked off in Colombo Wednesday featuring high level speakers and panelists from Sri Lanka and abroad. http://www.lankabusinessonline.com/summit/hangout Facebook page: https://www.facebook.com/pages/LBR-LBO/161852393984690 Event rundown IST: 0900 1045 HRS GMT/UTC: 0330-0515 HRS Resilient Brands, Resilient Enterprises Peter D’Almeida, Managing Director/N*able (session Char) Deshamanya J. C. […]
Sri Lanka conglomerates are investment brands
May 21, 2013 (LBO) – Sri Lankan conglomerates that had attracted strong foreign investor interest had built resilient investment brands, top executives involved in managing multi-national companies said.Punters in international markets also react like consumers do to brand, as conglomerates which are not easy hermes bags analyze, Lalith de Mel, chairman Hemas Plc and former […]
‘s Mercantile Investments to sell Rs1bn bonds
May 20, 2013 (LBO) – Sri Lanka’s Mercantile Investments and Finance Plc (MIF) plans to sell one billion rupees in senior unsecured debt which has been rated ‘BBB+’ by RAM Ratings Lanka. The full statement is reproduced below:- Mercantile Investment and Finance PLC’s LKR 1 billion Senior Unsecured Listed Debentures (2013/2018) assigned BBB+/P2. RAM Ratings […]
Sri Lanka stocks close up 1.3-pct
May 20, 2013 (LBO) – Sri Lanka’s stock closed up 1.35 percent on Monday, driven by an extended rally in index heavy John Keells Holdings, though some selling was seen in the broader market, brokers said. LB Finance closed at 128.80 rupees down 3.90 rupees, Peoples Leasing and Finance gained 30 cents to close at […]
Vehicle Trends
May 20, 2013 (LBO) – Sri Lanka’s motor vehicle registrations have picked up slightly in April 2013 though still remaining far below levels seen after taxes were hiked last year, an analysis by an equities research house shows.There was a slight pick-up in all vehicle registrations in January 2012 and which petered off in the […]
Micro Expansion
May 20, 2013 (LBO) – Prime Grameen Micro Finance Limited plans to grow its customers from 125,000 members to 200,000 members in 2013, helped by expansions into former war zones in Sri Lanka’s East, officials said.Before borrowing, members of a group will typically start depositing small amounts, helping develop a savings habit. Some micro finance […]
‘s troubled garment hub
DHAKA, May 20, 2013 (AFP) – Bangladeshi police fired rubber bullets and tear gas at thousands of garment workers Monday as they demanded a wage hike at a protest in a manufacturing hub outside the capital Dhaka.Police said they reacted after workers blocked a key highway in the Ashulia industrial area, home to hundreds of […]