Category: Economy and Markets
”s senior unsecured US dollar bonds
Mar 07, 2019 (LBO) – Moody’s Investors Service has today assigned a B2 rating to the Government of Sri Lanka’s senior unsecured US dollar-denominated bonds. The rating is based on the preliminary offering memorandum received today, Moody’s Investors Service said. The bonds will rank pari passu with the Government of Sri Lanka’s current and future senior unsecured external […]
‘s budget is not good enough to win an election
March 7, 2019 (LBO) – Prominent UNP politicians are coming to the forefront to laud Finance Minister Mangala Samaraweera and his budget proposals as people friendly and positive drivers of the economy. The Finance Minister himself described the budget as ‘caring and values driven’ at a recent post budget seminar. Despite what are good intentions, […]
Stock investor Nimal Perera takes to twitter to bash the CSE
March 7, 2019 (LBO) – Controversial stock market investor Nimal Perera has taken to twitter to make critical remarks about the poor performance of the Colombo Stock Exchange (CSE). His remarks centred on the dismal trading volume and lack of IPOs in the market. In October Nimal Perera disclosed his stock positions to the Daily […]
‘s upcoming USD bonds an expected rating of B (EXP)
Mar 07, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka’s upcoming US dollar-denominated bonds an expected rating of ‘B (EXP)’. The rating agency said the expected rating is in line with Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘B’ with a stable outlook. The agency, however, said that the rating would be sensitive […]
Realistic budget but concern on growth & implementation: Ceylon Chamber
Mar 07, 2019 (LBO) – The Ceylon Chamber of Commerce says that the GDP growth estimates provided in the budget speech, for the period from 2019-2024 are of concern as it only expects growth to gradually rise from 3 percent in 2018 to 4.8 percent by 2024. “The growth estimates for this period is not […]
Another cash call – DFCC to tap the markets for Rs7.6bn in strikingly low priced rights issue
March 6, 2019 (LBO) – DFCC became the latest major bank in Sri Lanka to tap the capital markets in an aggressive rights issue. The bank aims too raise Rs7.6bn in new equity with the rights issue priced at Rs72/share. Pricing is close to the current trading price in the market of Rs75/share, but much […]
Sri Lanka Budget 2019: Overview of key taxation proposals
Mar 06, 2019 (LBO) – Sri Lanka’s budget 2019 estimates total revenue and grants of 2,464 billion rupees against a total estimated expenditure of 3,149 billion rupees. The resulting budget deficit of 685 billion rupees is expected to be financed by foreign financing of 55 billion rupees and domestic financing of 630 billion rupees. All […]
Budget 2019: Download Full Budget Speech
DOWNLOAD: http://www.lankabusinessonline.com/wp-content/uploads/2019/03/BUDGET-2019-Final-1.pdf [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2019/03/BUDGET-2019-Final-1.pdf” title=”BUDGET 2019 Final (1)”]
Sri Lanka Budget 2019: Watch Live Stream
Live coverage ended. Please refer to related stories … Budget 2019: Download Full Budget Speech Sri Lanka Budget 2019: Overview of key taxation proposals Sri Lanka revises excise duty, implements luxury tax on motor vehicles Budget 2019 will empower people and nurture poor: Fin Min
Sri Lanka Budget 2019 – Live Coverage
Live coverage ended. Please refer to related stories … Budget 2019: Download Full Budget Speech Sri Lanka Budget 2019: Overview of key taxation proposals Sri Lanka revises excise duty, implements luxury tax on motor vehicles Budget 2019 will empower people and nurture poor: Fin Min
CA Sri Lanka budget seminar 2019 to evaluate economic and tax perspectives
The annual budget seminar organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will evaluate the economic and tax perspectives arising from the National Budget and will also feature a host of speakers and panelists representing the private and public sectors who will share their thoughts at the seminar on 09th […]
Budget 2019 will empower people and nurture poor: Fin Min
Mar 05, 2019 (LBO) – Sri Lanka’s Budget – 2019 will focuses on Enterprise Sri Lanka empowering the people and nurturing the poor, the Finance Ministry said. Finance Minister Mangala Samaraweera will present the Government’s delayed Budget for 2019, today. The Finance Ministry has outlining its targets said it plans to increase public revenue to 17 […]