Tag: Sri Lanka
Sri Lanka sign USD107mn deal for road development with ADB
May 29, 2015 (LBO) – Sri Lanka’s government signed a US 107 million dollar road development loan agreement with the Asian Development Bank (ADB), the bank said in a statement.“The US 107 million dollar second tranche loan agreement is part of a US 800 million dollar multi-tranche financing facility to upgrade roads,” the statement said. […]
”’: Fitch
May 29, 2015 (LBO) – Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. The full statement follows Fitch Ratings has assigned Sri Lanka’s forthcoming US dollar denominated bonds an expected rating of ‘BB-(EXP)’. KEY RATING DRIVERS The expected rating is in line with Sri Lanka’s Long-Term Foreign […]
Sri Lanka keen to attract German investments: Minister
May 28, 2015 (LBO) – Sri Lanka is keen to attract German investments due to their high standards of manufacturing, a Minister said in a statement. “With regard to German companies we are keen to attract investments due to their excellence in engineering and very high standards of manufacturing,” Eran Wickramaratne, deputy minister for highways […]
Sri Lanka’s CDS signs MoU with NSDL India to share knowledge on depository services
May 26, 2015 (LBO) – Sri Lanka’s Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the National Securities Depository (Pvt) Ltd of India (NSDL), for the purpose of knowledge sharing in the area of depository services, the company said in […]
Sri Lanka to have “open sky” policy to boost tourist arrivals : Ravi K
May 25, 2015 (LBO) – Sri Lanka’s new rulers say that the Indian Ocean Island will open skies as a way forward policy to improve tourist arrivals.“We’re going to have an open skies policy that will help tourism and also help grow the business to other countries,” Ravi Karunanayake, Minister of Finance said, at a […]
Sri Lanka’s Commercial Credit Rs1bn debenture issue oversubscribed
May 22, 2015 (LBO) – Sri Lanka’s Commercial Credit and Finance issue of 10 million rupee rated, subordinated, guaranteed, redeemable five-year debentures valued 100 rupees each has been oversubscribed on opening day, the company said in a stock exchange filling.The Issue opened on Thursday 21 May.The five-year rated, subordinated, guaranteed, redeemable debentures will be listed […]
Sri Lanka’s ex central banker calls for tec savy banks to suit modern customers
May 20, 2015 (LBO) – Sri Lanka’s banking sector needs to invest more in modern technology as the new generation is much more tech savvy, a former Central Banker said. “Most of the banks need to further introduce technology today.They were in the wave of technology that started in the 1990’s but now its 2015 […]
Sri Lanka stocks close up at 0.15-pct
May 19, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.15 percent with gains seen in some of the banking and conglomerate stocks, brokers said. The Colombo benchmark All Share Price Index closed 11.18 points higher at 7,266.20 up 0.15 percent. The S&P SL20 closed 9.15 points higher at 4,046.83 up 0.24 percent. Turnover […]
”’ final rating
May 13, 2015 (LBO) – Sri Lanka’s Fitch Ratings has assigned Singer’s unsecured redeemable debentures issue of up to 3 billion rupees a final national long term rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on 20 April 2015, and follows the receipt of documents conforming to information already […]
Sri Lanka stocks close down 0.14-pct
May 06, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.14 per cent, with investors taking profits from the market, brokers said. The Colombo benchmark All Share Price Index closed 9.82 points lower at 7,192.29 down 0.14 per cent. The S&P SL20 closed 5.15 points lower at 4,058.98 down 0.13 per cent. Turnover was […]
Sri Lanka’s Treasury bill yields drop: Central Bank
May 06, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with the 12-month yield dropping 04 basis points to 6.35 per cent, data from the state debt office showed.It was decided to accept 10,762 million rupees from the auction of 12 month yield.Data showed that 6-month yield was down, six […]
Sri Lanka’s fiscal deficit target for 2015 highly unachievable: IMF
May 6, 2015(LBO) – Sri Lanka’s 2015 deficit target will likely be very difficult to reach even with relatively optimistic assumptions regarding revenue gains, International Monetary Fund said in a statement.“The fiscal deficit is a key concern for 2015 and the medium-term,” International Monetary Fund said. “Further, in the absence of new measures to create […]