Fitch to host Sri Lanka Investment Fund & Asset Management Forum
Sep 09, 2015 (LBO) – Fitch Ratings Lanka is to host its inaugural Investment Fund and Asset Management Forum next week, the rating agency said. Leading …
Economy & Markets
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Sri Lanka stocks open up 0.2-pct as investor sentiment changes
Sep 09, 2015 (LBO) – Sri Lanka’s stocks opened 0.19 percent, Wednesday with investor sentiment changing and John Keells Holdings making gains in morning …
Sri Lanka’s John Keells to double hotel rooms over next 5 years
Sep 09, 2015 (LBO) – Sri Lanka's John Keells Holdings plans to double its current 2,200 room capacity in the next 5 years, Ajit Gunewardene, the deputy …
Sri Lanka sells 05, 08 and 15 year treasury bonds at 9.65–10.96-pct
Sep 08, 2015 (LBO) – The issue of treasury bonds amounting to 10 billion rupees have been oversubscribed with 60. online pharmacy buy clomid with best prices …
Stocks close down 0.3-pct; seven week low
Sep 08, 2015 (LBO) – Sri Lankan stocks closed down 0.35 percent on Tuesday on a seven week low with the losses in John Keells Holdings, brokers said. The …
Sri Lanka’s port city project still on hold, discussion positive says CHEC
Sep 08, 2015 (LBO) – The builders of Sri Lanka’s Chinese-funded port city project say discussions are still ongoing and they await a positive reply from …
ICRA Lanka assigns BBB rating for EAP Broadcasting
Sep 08, 2015 (LBO) – ICRA Lanka Limited has assigned an Issuer rating of BBB for EAP Broadcasting Company with a stable outlook on the rating. The full text …
Russia’s ruble collapse tied to energy prices, volatility to continue
Sept 08, 2015 (LBO) - Russia's ruble has lost 45 percent of its value this year tied to collapse in oil prices, and volatility is likely to continue, analysts …
Exercising of JKH 2015 warrants to commence from 29 Sept
Sep 07, 2015 (LBO) – Sri Lanka’s conglomerate John Keells Holdings on Monday said the exercising of 2015 warrants of the company will commence from 29 …
Sri Lanka’s first smart city to be Kandy
Sep 07, 2015 (LBO) - Sri Lanka's central city Kandy will be developed as the first 'Smart City' in the island, Rauf Hakeem, new Minister of Town Planning and …
Sri Lanka stocks close down 0.9-pct
Sep 07, 2015 (LBO) – Sri Lankan stocks closed down 0.91 percent on Monday for the second consecutive session amid notable depreciation in rupee with losses …
Orient Finance gets Central Bank approval for listing, IPO
Sept 07, 2015 (LBO) - Orient Finance PLC says the Central Bank of Sri Lanka has granted it approval to list shares on the Colombo Stock Exchange. online …
Sri Lanka foreign reserves declined to USD6.4bn in Aug
Sep 07, 2015 (LBO) - Sri Lanka's foreign reserves had declined to 6,466 million dollars by end August 2015, down from 6,887 million in July, Central Bank …
Depreciation will help some equity sectors, ease uncertainty: Bartleet Religare
Sept 06, 2015 (LBO) - Sri Lanka's depreciation last week will help export-related stocks and banks listed on the market, Bartleet Religare Securities said. …
Foreign holding of Sri Lanka govt securities falls during week
Sept 05, 2015 (LBO) - The holding of Sri Lanka government securities by foreign investors reduced to 350 billion rupees in the week to September 02, from 375 …
Sri Lanka’s new Finance Minister says won’t allow artificial devaluation, high interest rates
Sep 04, 2015 (LBO) – Sri Lanka's newly appointed Finance Minister Ravi Karunanayake says an artificial devaluation of the rupee will not be allowed, and he …
Sri Lanka stocks close down 0.4-pct: Low investor activity
Sep 04, 2015 (LBO) – Sri Lankan stocks closed down 0.42 percent on Friday with low investor activity and most of the banking sector stocks making losses, …
Sri Lanka HNB Senior and Subordinated Debt gets AA-, A+ ratings :Fitch
Sep 04, 2015 (LBO) - Fitch Ratings has assigned Hatton National Bank proposed senior unsecured and subordinated debentures a expected National Long-Term …
Sri Lanka’s Bank of Ceylon to sell Rs8 bn debt, AA rating
Sep 04, 2015 (LBO) – Sri Lanka’s Bank of Ceylon, state run bank is to sell up to 8.0 billion rupees of 5 and 8-year subordinated debt which have given …
Update 2-Sri Lanka Central Bank may intervene less in forex: source
Sept 04, 2015 (LBO) - The Sri Lankan central bank may intervene less in the forex market by not quoting a specific level, a market source told Lanka Business …