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Sri Lanka stocks close down 0.4-pct: Turnover 14 week low
Nov 03, 2015 (LBO) – Sri Lankan stocks closed down at 0.41 percent on Tuesday for a fourth consecutive day with turnover reaching a 14 week low on lack of direction, brokers said. The Colombo benchmark All Share Price Index closed down 28.66 points at 7,000.41 lower 0.41 percent. S&P SL20 closed 8.76 points lower […]
Earn FlySmiLes miles on SriLankan Holidays
SriLankan Airlines’ FlySmiLes frequent flyer members can now earn and redeem miles on SriLankan Holiday packages in and out of Sri Lanka.While FlySmiLes members are able to earn miles when purchasing holiday packages, allowing them to earn more miles than what they accrue on their flights, non-FlySmiLes members too can enroll themselves on-line before purchasing […]
Fitch rates DFCC Bank debenture issue at AA-(lka)( EXP)
Fitch Ratings has today assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Stable) proposed senior unsecured debentures of up to LKR10bn an expected National Long-Term Rating of ‘AA-(lka)(EXP)’. The proposed debentures, which will have tenors of four and six years and carry fixed and floating coupons, will be listed on the Colombo Stock Exchange. DFCC expects to use […]
China, India and Hong Kong top investors in Sri Lankan real estate: Lamudi
China, India and Hong Kong are the top three countries currently investing in the Sri Lankan real estate market, according to new research from online real estate platform, Lamudi Sri Lanka.Lamudi Sri Lanka ranked the leading countries investing in Sri Lanka based on foreign direct investment (FDI), number of upcoming projects and buildings currently underway.With […]
PTL Watch: Long tenor maturities drop 40 basis points
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Sri Lanka Telecom opens trading at CSE
Sri Lanka Telecom PLC (SLTL) opened trading on the Colombo Stock Exchange (CSE) yesterday (November 2). This event was yet another in a series of Market Opening Ceremonies, featuring the companies from the S&P SL20 index. Chairman Mr. P.G. Kumarasinghe Sirisena, Group Chief Executive Officer Mr. Dileepa Wijedsundera, Chief Marketing Officer Mr. Ajantha Seneviratne, Chief […]
ICRA Lanka assigns A+ rating for Access debenture issue
Nov 03, 2015 (LBO) – ICRA Lanka has assigned a rating of A+ with a stable outlook for the proposed 5 billion rupees debenture issue of Access Engineering. The rating announcement is reproduced below. ICRA Lanka has assigned a rating of [SL]A+ (pronounced S L A plus1) with a stable outlook to the proposed LKR […]
HNDA student attack may be an act of conspirators: Foreign Minister
Nov 03, 2015 (LBO) – Sri Lanka’s Foreign Minister Mangala Samaraweera condemning the recent attack on HNDA student protest says it may be a result of a conspiracy against the government. The media release issued by the foreign ministry in this regard is reproduced below. I condemn the violent attack launched by the Police on […]
Sri Lanka targets revolutionary budget, Tax revenue should be increased: Ravi K
Nov 03, 2015 (LBO) – Sri Lanka’s tax revenue needs to be increased and expanded into more regions as the government may face difficulties in going ahead with low revenue generation, Finance minister told a forum on Monday. “We are planning a radical and revolutionary budget and tax is a main component,” Ravi Karunanayake, finance minister of […]
Colombo Stock Exchange opens trading at London Stock Exchange
Minister of Finance, Ravi Karunanayake opened trading at the London Stock Exchange on 30th October 2015 together with the Chairman of Colombo Stock Exchange, Vajira Kulatilaka and the Director General of the Securities and Exchange Commission of Sri Lanka, Vajira Wijegunawardene.
Sri Lanka’s Sunshine Holdings Sept group net up 8-pct
Nov 03, 2015 (LBO) – Sri Lanka’s Sunshine Holdings group said September 2015 quarter net profit grew eight percent to 171 million rupees from a year ago backed by gains made in healthcare and fast moving consumer goods business. “Growth in group revenue for the six months ending September 2015 was driven by the healthcare […]
Some dollars flowing back into emerging market bonds
Nov 03, 2015 (LBO) – Despite a slowdown in China which led to selling of emerging market bonds over the last two years, some investors are getting back in, a media report said. Investors such as Eaton Vance and HSBC Asset Management have added to their exposure to emerging markets. Bonds in local currency from […]