Category:
‘s Treasuries yields edge up at auction
Nov 28, 2012 (LBO) – Sri Lanka’s Treasuries yields edged up across maturities with the three month rate moving up 05 basis points to 10. 79 percent at Wednesday’s auction, data from the state debt office showed. The 6-month yield rose 02 basis points to 12. 09 percent and the 12-month yield rose 04 basis […]
Air Scrap
COLOMBO, Nov 28, 2012 (AFP) – The Maldives defended Wednesday its controversial decision to terminate an airport management contract with an Indian firm, saying the deal was dogged by “legal, technical and economic issues”. President Mohamed Waheed’s government gave five days to GMR Group to leave after prematurely ending the 25-year lease of the nation’s […]
Shipping Trend
Nov 28, 2012 (LBO) – Containers handled at Sri Lanka’s ports fell 3. 3 percent to 329,199 in September 2012 from a year earlier, with domestic containers falling 8.3 percent to 86,273 amid an economic slowdown, while transshipment volumes also fell. Data released by Sri Lanka’s Central Bank showed that 335 ships called at ports […]
Paper Mill
Nov 28, 2012 (LBO) – Sri Lanka’s Seylan Bank Plc, which came under state stewardship following a run is trying to recover 418 million rupees loaned to a public private partnership involving an Australia based party, a public notice shows. Seylan Bank in a notice published in Sri Lanka’s Daily Mirror newspaper said it was […]
Friendly Help
Nov 28, 2012 (LBO) – Japan has given 3. 7 million rupees worth tools and equipment to a Sri Lanka based organization making artificial limbs, the Japanese embassy in Colombo said. . The ‘Colombo Friend-in-Need Society’ gives ‘Jaipur’ artificial limbs with rehabilitation free of charge to needy people, and helps about 1,000 people a year, […]
Space Journey
Nov 28, 2012 (LBO) – A Sri Lanka’s first communications satellite by SupremeSAT, a Sino-Lankan joint venture was launched from China’s Xi Chang launch centre on November 27, the state information office said. The launch of ‘SupremeSAT-1’ at 15.45 hours was successful, an alert from the state information office said. SupremeSAT has said the comsat […]
‘s Leasing to sell Rs2bn worth CP
Nov 27, 2012 (LBO) – Sri Lanka’s Peoples Leasing and Finance will sell 2.0 billion rupees of commercial paper with a tenor of up to an year, which has been given an ‘F1+(lka)’ short term rating, Fitch Ratings said. People’s Leasing has a ‘B+’ international rating and ‘AA-(lka)’ domestic long term rating. The firm is […]
”s Leasing rating unchanged: S&P
Nov 27, 2012 (LBO) – The conversion of Sri Lanka’s People’s Leasing and Finance into a licensed finance company would imposed a higher regulatory capital charge but its ‘B+’ stable rating would remain unchanged, Standard and Poor’s said. People’s Leasing and Finance is expected to become a licensed finance company (LFC) in mid 2013 and […]
Sri Lanka monks at risk from rich foods
COLOMBO, Nov 27, 2012 (AFP) – Sri Lanka’s health ministry announced plans on Tuesday to draw up new guidelines for donating food to the country’s venerated Buddhist monks amid concerns about their weight and health. The ministry said the faithful, who offer alms as a religious tradition, tended to give food that was too high […]
Sri Lanka gilt yield curve develops new kink
Nov 26, 2012 (LBO) – A new kink has developed in Sri Lanka’s government bond yield curve with the five year bond rates falling below the four and six year yields during November, dealers said. Sri Lanka usually represses Treasury bill yields when credit demand expands, preventing the banking system and the economy from adjusting […]
Sri Lanka stocks slip 0.4-pct, turnover dips
Nov 26, 2012 (LBO) – Sri Lanka’s stocks closed 0.4 percent lower Monday while turnover dipped to 115 million rupees, levels not seen for three years, amid weak demand, brokers said. On Monday People’s Finance rose 2.60 to close at 33.80 rupees. The firm is due to be merged with its larger parent People’s Leasing […]
Capital Search
Nov 26, 2012 (LBO) – A new commercial bank promoted by Sri Lanka’s Cargills group will seek 3. 0 billion rupees through a private placement of shares in January 2013, a media report said. Sri Lanka’s The Island newspaper quoted Harris Premaratne, chief executive of Cargills Agriculture and Commercial Bank as saying that the lender […]