Category:
Sri Lanka Treasuries yields up, rupee down
Oct 24, 2012 (LBO) – Sri Lanka’s Treasuries yields rose for 6 and 12 month maturities with bids for three months securities being rejected at Wednesday’s auction, data from the state debt office showed, while the rupee weakened. The 6-month yield rose 07 basis points to 11.90 percent, and the 12-month yield rose 11 basis […]
Sri Lanka stocks close down 0.24 pct
October 24, 2012 (LBO) – Sri Lanka stocks closed down 0.24 percent Wednesday losing gains made earlier in the day. Commercial Bank slipped 0.80 cents to close at 104.30 rupees down 0.76 percent. DFCC Bank dropped 0.30 cents to close at 108.30 rupees down 0.28 percent. Hatton National Bank PLC gained 2.90 rupees to close […]
Sri Lanka tourist arrivals up 18-pct in September
Oct 24, 2012 (LBO) – Sri Lanka’s tourist arrivals rose 18. 1 percent to 71,111 in September 2012 from a year earlier, with arrivals during the nine months up 16 percent to 693,772 data from the Indian Ocean island’s tourist promotion office showed. Arrivals from the Middle East fell 13 percent to 4,166. East Asian […]
Common User
Oct 24, 2012 (LBO) – Sri Lanka’s East West Properties Plc, which has interests in warehousing and tourism will rent out broadcast towers after it acquired a media firm with access to spectrum. East West Properties and the time funded the project with a loan, according information disclosed in annual reports at the time. East […]
Sri Lanka state carrier opens sales office in Wennappuwa
October 24, 2012 (LBO) – State-run SriLankan Airlines said it is opening a sales office in Wennappuwa, north of Colombo in the island’s north western region. 2nd Chance Travels (Pvt) Ltd will operate the passenger sales agency office at No 92, Main Street, Wennapuwa. The airline’s Wennapuwa office will be the third official sales agency […]
” rating confirmed: RAM
Oct 24, 2012 (LBO) – RAM Ratings has confirmed an ‘AAA’ rating for Sri Lanka Insurance Corporation, on its competitive position, state ownership and its systemic importance as the second largest premium collector. RAM Ratings Lanka reaffirms Sri Lanka Insurance Corporation Ltd’s ratings at AAA/P1 RAM Ratings Lanka has reaffirmed Sri Lanka Insurance Corporation Ltd’s […]
‘s MAS group launches amanté lingerie in home market
Oct 24, 2012 (LBO) – Sri Lanka’s MAS group, which claims to be South Asia’s largest lingerie maker with a billion US dollars of annual revenues has launched its amanté brand in the island after being first released in India in 2007. The firm said it is targeting women between the ages of 21-45 who […]
Island Links
Oct 23, 2012 (LBO) – Sri Lanka’s state-run Bank of Ceylon the country’s largest lender by assets said it is mulling a branch in the Indian Ocean island of Seychelles as efforts are made to boost economic relations. Sri Lanka’s fisheries minister Rajitha Senaratne is expected to lead a delegation to Seychelles shortly for talks […]
Credit Outlook
Oct 23, 2012 (LBO) – Sri Lanka’s ‘BBB(lka)’ rated Pan Asia Banking Corporation’s rating outlook has been lifted to positive from stable, on ongoing structural improvements made since 2009, Fitch Ratings said. The loan book is largely exposed to small and medium enterprises, individuals and retail customers which have been the bank’s traditional focus, Fitch […]
Sri Lanka Hotel Sigiriya net up 24-pct
Oct 23, 2012 (LBO) – Profits are Hotel Sigiriya Plc, which is located in central Sri Lanka, rose 24 percent to 16.5 million rupees in the September 2012 quarter, from a year earlier, interim accounts showed. The firm reported earnings of 2.82 rupees for the quarter. In the six months to September the firm reported […]
Sri Lanka rates unchanged; private credit as envisaged: CB Governor
Oct 23, 2012 (LBO) – Sri Lanka has kept its key policy rate at which money is injected in to the banking system unchanged at 9.75 percent and private sector credit was slowing as expected, Central Bank Governor Nivard Cabraal said. The currency can also strengthen and reserves can be built up if the state […]
Sri Lanka betters Doing Business ranking
Oct 23, 2012 (LBO) – Sri Lanka has bettered its ranking to 81 from 89 in an ease of doing business ranking compiled by the World Bank and International Finance Corporation by computerizing key processes. In South Asia Maldives was ranked 95, Pakistan 107, Nepal 108, Bangladesh 129, India 132, Bhutan 138 and Afghanistan 168. […]