Category:
Sri Lankan rupee steady in thin trade
COLOMBO, Jan 27 (Reuters) – The Sri Lankan rupee traded steady in thin volume on Friday as dollar selling by exporters and inward remittances outpaced demand for the U.S. currency from importers, dealers said. Rupee forwards were active, with two-week forwards were trading at 150.85/95 per dollar at 0546 GMT little changed from Thursday’s close […]
PTL Watch: Bond yields up for the week, foreign outflow
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Fitch Rating Lanka re-affirms Bank of Ceylon AA+; outlook stable
Fitch’s periodic review re-affirmed the Bank of Ceylon’s (BOC) National long-Term Rating as AA+ (lka) Outlook Stable in January 2017 and the International Long-Term Issuer Default Rating (IDR) as B+ Outlook Negative. The Bank has been obtaining ratings from Fitch Rating Lanka Ltd since 2000 and has been gradually improving since it obtained its National […]
Sri Lanka JKH profits up 32-pct supported by port and shipping sector
Jan 27, 2017 (LBO) – Sri Lanka’s John Keells Holdings net profits were up 32 percent to 5.15 billion rupees in the December 2016 quarter from a year earlier, the company said in a statement. “The profit attributable to shareholders for the third quarter was 5.15 billion rupees, up by 32 percent from a year […]
‘s Sail Lanka Charter hosts PM on-board catamaran
Jan 27, 2016 (LBO) – Sri Lanka’s Sail Lanka Charter hosted Prime Minister Ranil Wickremasinghe and his wife on-board their 53ft sailing catamaran, Sapphire, during the Fairway Galle Literary Festival. The vessel reflects local talent as it was built in Sri Lanka using local materials, the company said. Established in 2014 as part of the […]
Sri Lanka’s foreign debt repayment to go up to USD3.9Bn in 2019
Jan 26, 2017 (LBO) – Sri Lanka’s debt servicing will double in 2019 to 3,992 million dollars, the highest debt repayment to be paid by the island in a year, when compared to last year due to the borrowings of the previous government, the Finance Ministry said. “The total debt stock of Sri Lanka has […]
Teejay ends Q3 with revenue growth of 33-pct despite challenges
Press Release: The Teejay Group which recently consolidated its operations in Sri Lanka and the region under the single brand ‘Teejay,’ announced a strong revenue growth of 33 percent over the nine months ended 31st December 2016. The Group recorded a revenue of 16.4 Billion compared to the Rs. 12.3 Billion during the corresponding period […]
Sri Lanka army seeks USD50mn loan from Russia for Mali operations
Jan 26, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to obtain a 50 million US dollar loan from a Russian bank to purchase military equipment required to deploy troops for peacekeeping in Mali. Sri Lanka has made commitments with United Nations to deploy 250 security personnel with major military equipment as well […]
John Keells Holdings announces second interim dividend
The Board of Directors of John Keells Holdings today announced a second interim dividend of two rupees per share for the 2016/17 financial year. The diversified conglomerate said in a stock exchange filing that the payment date of the dividend will be 16th February 2017.
Sri Lanka Ease of Doing Business Forum meets tomorrow
The Ministry of Finance will be holding the eleventh Forum of the “Ease of Doing Business” tomorrow 27 January 2017 at 2. 00 pm at the 4th Floor Auditorium of MILODA, Academy of Financial Studies, (Old Times Building), Sir Razik Fareed Mawatha, Colombo-01. Ease of Doing, a special forum held by the Finance Ministry under […]
Sri Lanka’s first Palliative Care Centre to open in Anuradhapura
The Government of Sri Lanka, along with Shanthi Foundation, an Australian registered charity, announced its plans to establish Sri Lanka’s first ever Palliative Care Centre in Anuradhapura. This is a joint initiative involving the Presidential Task Force on Prevention of Chronic Kidney Disease, the Ministry of Health, the Sri Lankan High Commission of Australia and […]
PTL Watch: Yields tick higher on foreign selling
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