Economy & Markets

Sri Lanka DFCC says 9.6-pct dollar bond profitable

Oct 25, 2013 (LBO) - Sri Lanka's DFCC Bank said 100 million US dollars from a 5-year bond sale at 9. online pharmacy buy diflucan with best prices today in the …

Sri Lanka too reliant on foreign borrowings: Fitch

Oct 24, 2013 (LBO) - Sri Lanka is too reliant on government foreign borrowings and foreign currency risks are also rising for borrowers who may not have forex …

Sri Lanka stocks up 0.6-pct, rupee gains

Oct 24, 2013 (LBO) - Sri Lanka stocks ended a three day losing streak to close 0.60 percent higher and the rupee continued to strengthen against the US dollar …

Sri Lanka Treasuries yields drop

Oct 23, 2013 (LBO) - Sri Lanka's Treasuries yield dropped sharply at Wednesday's auction after a 50 basis point rate cut a week earlier, data from the state …

Sri Lanka DFCC bond decision later today

Oct 23, 2013 (LBO) - A decision on a dollar denominated bond offered by Sri Lanka's DFCC Bank is likely to be made later today, market sources said. buy …

Sri Lanka opposition lauds move to amend casino approvals

Oct 23, 2013 (LBO) - Sri Lanka's main opposition United National party hailed a move by the administration to delay final approval for tax breaks, for casino …

Sri Lanka stocks down 0.4-pct, rupee up

Oct 23, 2013 (LBO) - Sri Lanka stocks continued to sustain losses closing down 0.41 percent with the rupee gaining against the US dollar on export conversions …

Sri Lanka’s DFCC launches bond: report

Oct 22, 2014 (LBO) - Sri Lanka's DFCC Bank has launched a 5-year dollar denominated bond in international markets, a media report said. DFCC is rated 'B' by …

Sri Lanka begins budget process for 2014

Oct 22, 2013 (LBO) - Sri Lanka is kicking off the budget process for 2014 presenting spending limits or appropriations for ministries in parliament Tuesday. …

Sri Lanka stocks down 0.36-pct, rupee steady

Oct 22, 2013 (LBO) - Sri Lanka stocks closed 0.36 percent lower dragged down by tobacco and diversified stocks. The benchmark Colombo All Share Price Index …

Sri Lanka stocks down 0.50-pct, rupee steady

Oct 21, 2013 (LBO) - Sri Lanka stocks closed 0.50 percent lower with heavy trading in diversified and banking stocks amidst speculative play, brokers said. The …

Sri Lanka’s Sampath Bank to sell Rs5.0bn in debt

Oct 17, 2013 (LBO) - Sri Lanka's Sampath Bank said it planned to sell 5.0 billion rupees of debt listed on the Colombo Stock Exchange.buy ivermectin online buy …

Sri Lanka’s Bank of Ceylon says strong demand for debt offer

Oct 17, 2013 (LBO) - A planned 8.0 billion rupee debt offer by state-run Bank of Ceylon is seeing strong demand with preliminary orders and interest assessed …

Allianz Lanka supports Paralympic movement in Sri Lanka

Oct 17, 2013 (LBO) - Allianz Lanka, a unit of Germany's Allianz insurance group said it was supporting the Paralympic movement in Sri Lanka. Allianz has a …

Sri Lanka values state fixed assets

Oct 15, 2013 (LBO) - Sri Lanka is valuing fixed state assets as part of efforts to move into accrual accounting and about 75 percent of land and buildings have …

Sri Lanka opposition says will reverse casino tax holidays

Oct 15, 2013 (LBO) - Sri Lanka stands to lose about 120 billion rupees a year from gaming revenues from planned casinos and taxes will be imposed if the …

Sri Lanka think tank releases policy report

Oct 15, 2013 (LBO) - Sri Lanka's Institute of Policy Studies has released its annual 'State of the Economy' policy report. This year's report 'Sri …

Sri Lanka stocks close 0.16-pct higher, rupee weaker

Oct 15, 2013 (LBO) - Sri Lanka stocks closed 0.16 percent with foreign buying surging, mainly into the rights issue of John Keells Holdings and the rupee …

Sri Lanka’s Bank of Ceylon offers up to 10-year bonds

Oct 14, 2013 (LBO) - Sri Lanka's state-run Bank of Ceylon is offering listed debentures of up to 10 years paying tax free interest up to 13. buy doxycycline …

Sri Lanka Treasuries yield ease

Oct 14, 2013 (LBO) - Sri Lanka's Treasuries yields eased across maturities at an auction Monday, data from the state debt office showed. The 3-month yield fell …