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Foreigners sell bonds during the week, CSE market turnover dries up
July 26, 2018 (LBO) – Indices of stocks traded at the Colombo Stock Exchange finished the week marginally lower. The ASPI finished the down .6% while the S&P SL 20 finished down 1.2% during the holiday shortened week. Total market turnover during the 4 day week was extraordinarily low at just Rs1.1bn (US$7mn), one of […]
‘s affirms ratings of BOC, HNB & Sampath; maintains negative outlook
July 26, 2018 (LBO) – Moody’s Investors Service has affirmed the local currency deposit ratings of Bank of Ceylon (BOC), Hatton National Bank Ltd. (HNB) and Sampath Bank PLC at B1/NP.The foreign currency issuer rating and deposit ratings of these banks are also affirmed at B1 and B2/NP respectively. Moody’s has also affirmed the Baseline Credit […]
”s ratings at B1; maintains negative outlook
July 26, 2018 (LBO) – Moody’s Investors Service has today affirmed the Government of Sri Lanka’s foreign currency issuer and senior unsecured ratings at B1 and maintained the negative outlook. Moody’s Investors Service said the decision to affirm the rating at B1 reflects Sri Lanka’s progress in implementing the planned reform program, which entails fiscal consolidation and […]
Fitch affirms Lion Brewery at A+(lka); revises outlook to stable
July 26, 2018 (LBO) – Fitch Ratings has affirmed Sri Lanka-based Lion Brewery (Ceylon) PLC’s National Long-Term Rating at ‘A+(lka)’ and the outlook has been revised to Stable from Negative. Fitch has also affirmed the National Long-Term Rating on Lion’s outstanding senior unsecured debentures at ‘A+(lka)’. Full statement is reproduced below. Fitch Ratings has affirmed Sri Lanka-based […]
Glass ceiling obliterated, Shemara Wikramanayake to become CEO of global investment bank Macquarie
July 26, 2018 (LBO) – Shemara Wikramanayake is set to take over as CEO of global investment bank Macquarie in November of 2018. Ms. Wikramanayake was born born in the UK and spent time schooling in Sri Lanka.Her father was a Sri Lankan medical doctor. Macquarie is a globally diversified financial group employing more than […]
NDBIB Wins Euromoney crown for seventh consecutive year
NDB Investment Bank (NDBIB)cemented its position as the market leader and premier Investment Bank in the country by being awarded as ‘Sri Lanka’s Best Investment Bank 2018’ by Euromoney Magazine. NDBIB secured this prestigiousaward for the 7th consecutive year whilst demonstrating its market leadership and unrivalled credentials both in Sri Lanka and the region. This […]
Resume Writing Tips: How long should the Resume be?
There is no hard & fast rule to say that a CV must be 2 pages or a particular number of pages, other than in exceptional cases where you can be requested for a certain number of pages. For instance, recently a client was specifically requested for a 2-page resume for a job application in […]
Facebook stock down 24-pct on slow growth forecast
Jul 26, 2018 (LBO) – Facebook Inc’s stock was down by nearly 24 percent, Wednesday following concerns voiced over the last few months on social websites privacy issues, a foreign media reports said. . “There would be a rise in costs because in cost on efforts to address concerns about poor handling of users’ privacy and […]
Teejay Lanka profit after tax grows by 27-pct to Rs.279.3Mn
Capacity expansion in India and an increased order book from the US and EU have enabled Teejay Lanka PLC, Sri Lanka’s only multinational textile manufacturer, to make a strong start to 2018-19 with healthy sales and profit growth. Profit after tax grew by a respectable 27 per cent to Rs 279.3 million on revenue of […]
‘s Premiership
July 26, 2018 (LBO) – Preliminary indications are that Imran Khan’s Pakistan Tehreek-e-Insaf is to emerge with the largest amount of seats in Pakistan’s parliament.It is unlikely that his party will achieve an absolute majority in parliament, thus a coalition government will be necessary to govern.The nuclear powered nation is home to almost 200 million people.Its […]
Central Bank decides to cancel licence of Standard Credit Finance Limited
July 25, 2018 (LBO) – Monetary Board of the Central Bank of Sri Lanka has decided to cancel the Licence issued to Standard Credit Finance Limited with effect from today. Accordingly, Standard Credit Finance Limited is not permitted to engage in Finance Business under the Finance Business Act.Further, the Director of the Department of Supervision […]
Sri Lanka stocks hardly trade for 3 consecutive days
July 25, 2018 (LBO) – The Colombo Stock Exchange (CSE) closed the day down slightly on very low volume. The major indices, the ASPI and S&P SL 20, closed down .34% and .33% respectively. Turnover was very light at Rs161mn (US$1mn) on the day. This marked the third straight day of extraordinarily light trading with […]