Author: Ranjan Hulugalle
Foreign institutional bond selling spikes amid CBSL rate cuts
August 24, 2019 (LBO) – The 2018-2019 foreign exodus from Sri Lanka’s government bond markets has picked up speed in recent weeks with total net outflows for the 2018-2019 period now totalling over Rs200bn (US$1.1bn). In the last week alone foreign institutions withdrew a net US$72mn from Sri Lanka’s treasury bond markets amid a second […]
‘s capital markets
July 6, 2019 (LBO) – Foreign investors continue to be net sellers of Sri Lankan stocks and bonds with net outflows reaching their highs for the year. Net outflows from stocks and bonds hit a high of close to Rs30bn (US$170mn) for 2019. This comes on the back of net outflows of one Rs180bn (USbn) […]
Sri Lanka stocks come alive with S&P SL 20 up 4% for the week
July 5, 2019 (LBO) – The Colombo Stock Exchange (CSE) had one of its better weeks in recent memory with both major indices notching impressive gains for the week. The All Share Price Index (ASPI), a market cap weighted index of all listed stocks on the CSE, finished the week up 2.5%. The S&P SL […]
Opinion: Credit to Coomaraswamy – Sri Lanka is economically stable despite political/security challenges
June 24, 2019 (LBO) – Sri Lanka is set to tap the credit markets for the second time this year. A sovereign bond is to be floated at interest rates that are even more attractive than the recent US$2.5bn issuance in March. Timing is good. Interest rates in the United States have sharply dropped in […]
Kavindya Thennakoon delivers inspiring commencement speech at Wellesley
June 13, 2019 (LBO) – Sri Lankan graduate Kavindya Thennakoon has delivered an inspiring commencement speech at Wellesley College, the leading women’s only educational institution in the United States. As of 2017, Wellesley is the highest endowed women’s college in the world, with an endowment of nearly $2 billion. The school is the alma mater […]
‘s bonds after CBSL cuts rates
June 8, 2019 (LBO) – Sri Lanka’s government bond market saw net foreign outflows of US$20mn in the week after the Central Bank of Sri Lanka (CBSL) cut interest rates. These outflows reversed all the inflows that were seen in the previous two weeks and sent net foreign outflows for the year 2019 to an […]
LOLC passes most Sri Lankan corporate giants with Rs11bn annual profit
June 4, 2019 (LBO) – Colombo Stock Exchange listed LOLC Holdings (LOLC) has reported an astounding profit of over Rs11bn (US$65mn) for the fiscal year ended March 31st, 2019. The company’s annual profit attributable to equity holders is surpassed only by five Sri Lankan listed companies: Ceylon Tobacco (CTC), John Keells Holdings (JKH), Commercial Bank […]
‘s stocks/bonds as security situation stabilises
June 1, 2019 (LBO) – Foreign institutions were net buyers of Sri Lankan stocks and bonds in the past week as the security situation in the country stabilises after the Easter Sunday terror attacks. Net foreign inflows of Rs1bn (US. online pharmacy buy ciprodex with best prices today in the USA buy levofloxacin online https://yourolddog.com/wp-content/uploads/2020/08/png/levofloxacin.html […]
China quick to relax travel advisory for Sri Lanka
May 25, 2019 (LBO) – China has relaxed its travel advisory to Sri Lanka with language that says: ‘be cautious’ as opposed to language that says ‘do not travel.’ The total number of foreign arrivals from China to Sri Lanka are only behind India ,and have been relatively steady at over 265,000 for the past […]
Foreign outflow from Sri Lanka government bonds reverses in past week
May 24, 2019 (LBO) – Foreign investors moved back into Sri Lanka government bonds during the past week slightly reversing significant outflows that were experienced in the aftermath of the Easter Sunday terror attacks. Foreign investors were net purchasers of Rs2.1bn (US$12mn) worth of Sri Lanka’s government securities during the past week. This comes on […]
Only Conservatives can deliver Brexit – Nirj Deva MEP
May 22, 2019 (LBO) – The people of the United Kingdom will go to the polls on Thursday May 23rd to vote for who will be their representatives in the European Parliament. Sri Lankan born British member of the EU Parliament, Nirj Deva MEP, released the following message on the eve of the election where […]
‘s stocks as EPF enters the market
May 17, 2019 (LBO) – Foreign institutional investors were net sellers of Sri Lankan equities for the past three consecutive days as the country’s largest pension fund entered the market after a long hiatus. Net foreign selling in Sri Lanka’s stock market was approximately Rs1. online pharmacy buy abilify with best prices today in the […]