Category:
Sri Lanka hotel share, warrants issue approved
Sept 29, 2010 (LBO) – Sri Lanka’s stock exchange has approved the issue of new shares and attached warrants by Hotel Reefcomber to raise cash to revamp the hotel, a statement said. Hotel Reefcomber, which owns the Amaya Reef hotel on the southwest coast, plans to consolidate 10 shares to one and then sell a […]
Sri Lanka mini-hydro power firm to list
Sept 29, 2010 (LBO) – Hydro Power Free Lanka, a mini-hydro power firm which has a generating capacity of 3.2 MegaWatts is selling 35 million shares to raise 350 million rupees to build more plants, the Colombo Stock Exchange and officials said. The firm operates two 1.6 MegaWatt plant in the Gampola area in Sri […]
Sri Lanka gives half of billion dollar bond to US investors
Sept 28, 2010 (LBO) – Sri Lanka has allocated investors in the United States 52. 5 percent of its billion US dollar bond, which was issued at 6.25 percent but was trading at a slightly lower rate. “The government will use the proceeds from the bond issue to finance its current infrastructure and to restructure […]
Sri Lanka urban bond draws investors
Sept 28, 2010 (LBO) – A five-year bond issued by Sri Lanka’s Urban Development Authority (UDA), a state agency, to raise 10 billion rupees has drawn applications worth 8. 2 billion rupees, a statement said. The bonds are to be listed on the main board of the Colombo Stock Exchange. The managers to the issue, […]
Sri Lanka rupee bond yields drop on dollar debt sale
Sept 28, 2010 (LBO) – Sri Lanka government rupee securities yields slipped on news of a successful sale of a 10-year billion US dollar sovereign bond Tuesday, despite market participants discounting the effect earlier, dealers said. A 10-year rupee bond maturing on 01.08.20 was last sold at an auction at 9.30 percent but the bond […]
Sri Lanka stocks close down 0.50-pct
Sept 28, 2010 (LBO) – Sri Lanka stocks closed down Tuesday, as retail investors booked profits, while heavy trading on Bogala Graphite, East-West Properties, Colombo Land and Development Company, and Dialog Telekom pushed turnover up, brokers said. The All Share Price Index closed at 6,845. 77, down 0.50 percent (35.77 points), while the more liquid […]
Clearing Cargo
Sept 28, 2010 (LBO) – The Sri Lanka Ports Authority which runs the island’s ports expects to be able to handle payments by port users online by January next year, an official said. It will eliminate the need for port users to visit the harbour to make payments, he said. Both its internal finance division […]
Sri Lanka gets more Jet flights
Sept 28, 2010 (LBO) – India’s Jet Airways said it plans to introduce daily flights to the Sri Lankan capital Colombo from Delhi and Mumbai to cater to the rising number of visitors to the island. The two new flights starting from November 5, are in addition to the existing daily Chennal Colombo service, with […]
Sri Lanka starts nuclear power study, talks with Russia
Sept 28, 2010 (LBO) – Sri Lanka has begun a study to build a nuclear power plant to meet growing electricity demand and is in talks with Russia and other countries to get technology and training, an official said. “We’re considering nuclear power as an option in our long-term generation plan for 2025,” power and […]
Sri Lanka opens billion dollar sovereign bond
Sept 27, 2010 (LBO) – Sri Lanka has opened subscriptions for a billion US dollar 10-year sovereign bond which may sell for around 6.5 percent days after the International Monetary Fund gave 212 million US dollars to the Central Bank to beef up already high reserves. A Bloomberg newswires report said the bond may yield […]
Sri Lanka rupee tops 112.00 to the greenback
Sept 27, 2010 (LBO) – Sri Lanka’s rupee soared above 112.00 rupees to the greenback Monday the highest since December 2008, when the country was in the midst of a balance of payments crisis, dealers said. The central bank has high policy rates compared to its anchor US currency allowing it to push the currency […]
Sri Lankan stocks close down 0.10-pct
Sept 27, 2010 (LBO) – Sri Lankan stocks failed to hold on to early gains which propelled them past the 7,000 point mark for the first time in early trade Monday and closed weaker, brokers said. The market lost the momentum which had sent it to record highs in recent days with investors cashing-in to […]