Author: LBO
Sri Lanka’s Central Bank hikes interest rates
Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion.Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion. The repurchase […]
Sri Lanka’s HNB goes for mammoth bond issue
Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs.1.31 billion in debt to top up its capital and fall in line with regulatory requirements. Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs. 1.31 billion in debt to top up its capital and fall in line with regulatory requirements. […]
Sri Lanka’s borrowing costs flat
Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday.Sri Lanka’s borrowing costs were flat at this week’s treasury bill auction, as against the previous week’s sale, the Central Bank said Wednesday. The bank re-issued Rs. 9,988 million worth of bills, but […]
International credit rating agencies upgrade Sri Lanka Telecom’s rating
Sri Lanka’s maiden sovereign rating has helped upgrade the island’s dominant telco, Sri Lanka Telecom, two international credit rating agencies said Wednesday. Sri Lanka’s maiden sovereign rating has helped upgrade the island’s dominant telco, Sri Lanka Telecom, two international credit rating agencies said Wednesday. New York based Standard & Poor’s Ratings Services revised its outlook […]
How the budget will affect Sri Lanka’s corporate sector and the stockmarket – C T Smith Stockbrokers
Sri Lanka’s corporate sector could take a hit if Thursday’s budget is implemented as proposed.Sri Lanka’s corporate sector could take a hit if Thursday’s budget is implemented as proposed. A number of significant proposals impacting specific companies or sectors in the Colombo Stock Exchange have been put together by C T Smith Stockbrokers. Proposals that […]
Sri Lanka’s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]
‘Controlled’ violence claims 29 lives in Sri Lanka
The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]
Sri Lanka accuse Tigers of ‘stealth war’ as death toll hits 27
Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]
Sri Lanka’s Hemas Holdings checks out of Lihiniya Surf
Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Hemas Holdings on Tue., quit Associated Hotels Co., Ltd., the owners of Lihiniya Surf Hotel, making a Rs. 30 million capital gain in the process. Around 4.3 million shares held […]
Nobody’s Child
Almost a year after the tsunami devastated Sri Lanka’s costal communities, many are still languishing without permanent housing due to government inefficiency, under estimating of reconstruction cost and political interference according to a study.Almost a year after the tsunami devastated Sri Lanka’s costal communities, many are still languishing without permanent housing due to government inefficiency, […]
It’s Loaded!
Dialog Telekom, a unit of Telekom Malaysia Berhard, says its pre-paid subscribers can instantly top up their cellular phone balances, if they are accountholders of Sri Lanka’s Commercial Bank.Dialog Telekom, a unit of Telekom Malaysia Berhard, says its pre-paid subscribers can instantly top up their cellular phone balances, if they are accountholders of Sri Lanka’s […]
Price hikes in cigarettes and alcohol fails to ignite Sri Lanka’s inflation
Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. The government uses the 12-month […]