Tag: lbo
Sri Lanka stocks close down 0.3-pct:Turnover high
Dec 10, 2015 (LBO) – Sri Lankan stocks closed down at 0.26 percent for a fifth consecutive day, Thursday with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed down 17.64 points at 6,823.91 down 0.26 percent. S&P SL20 closed 3.44 points down at 3,612.01 down 0.10 percent. Turnover […]
‘s Asiri Hospitals
Dec 10, 2015 (LBO) – TPG Growth, a global private investment firm announced it bought a 28 percent stake in Asiri Hospital Holdings Plc, a unit of Sri Lanka’s Softlogic group in a 7.6 billion rupee deal, a statement said. “We’ve seen significant growth opportunities in healthcare across the globe, and particularly in […]
Sri Lanka stocks close down 0.1-pct: Eight and a half month low
Dec 09, 2015 (LBO) – Sri Lankan stocks closed down at 0.11 percent for a fourth consecutive day, Wednesday amid the increase in treasury yields after six weeks of decline, brokers said. The Colombo benchmark All Share Price Index closed down 7.54 points at 6,841.55 down 0.11 percent. S&P SL20 closed 8.38 points down at 3,616.01 […]
Sri Lanka treasury bill yields up at auction
Dec 09, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up at Wednesday’s auction with the 12-month yield rising 6 basis points to 6.92 percent, data from the state debt office showed.The 3-month yield rose 04 basis points to 6.10 percent and the 6-month yield rose 05 basis points to 6.35 percent. The debt […]
Uber officially launches in Sri Lanka
Dec 09, 2015 (LBO) – Uber, a global ride sharing company with an on-demand technology platform and app that connects commuters who need a ride and licensed drivers, announced the official launch of its uberX product in Colombo, Sri Lanka, Wednesday. “Demand for Uber is rapidly growing as more and more residents and tourists in […]
Sri Lanka alcoholic beverage demand sustainable despite higher prices: Fitch
Dec 09, 2015 (LBO) – Sri Lanka’s alcoholic beverages makers in will be able to pass on back-to-back increases in excise duties to consumers without worrying about them shifting to the more affordable illicit market, Fitch Ratings says in a new report..Full release follows: Fitch Ratings-Colombo-08 December 2015: Makers of alcoholic beverages in Sri Lanka […]
Sri Lanka stocks close down 0.1-pct
Dec 08, 2015 (LBO) – Sri Lankan stocks closed down at 0.14 percent with losses in Ceylon Tobacco Company and Distilleries Company, brokers said. The Colombo benchmark All Share Price Index closed down 9.54 points at 6,849.09 down 0.14 percent. S&P SL20 closed 20.77 points higher at 3,653.70 up 0.57 percent. Turnover was at 982 […]
Sri Lanka stocks close down 0.2-pct: Low investor activity
Dec 07, 2015 (LBO) – Sri Lankan stocks closed down at 0.16 percent with low investor activity, brokers said. The Colombo benchmark All Share Price Index closed down 10.93 points at 6,858.63 down 0.16 percent. S&P SL20 closed 4.88 points lower at 3,633.68 down 0.13 percent. Turnover was at 388 million rupees, lower than the […]
Sri Lanka Ports Authority gets new MD
Dec 07, 2015 (LBO) – Sri Lanka Ports Authority (SLPA) has appointed Sarathkumara Premachandra as it’s new managing director, the authority said in a statement. “We can make SLPA a successful and competitive public institution that feeds the national economy of the country in a real big way,” Premachandra was quoted as saying in the statement. […]
Sri Lanka’s CSE eyes more global investors through new CCP
Dec 07, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) is aiming for more international investors by introducing a new risk management system through establishing a Central Counter Party (CCP) system, a senior official said.“We need to manage the risk of the CSE – this is an area that we are lacking in,” Vajira […]
Sri Lanka stocks close down 0.2-pct: Net foreign outflow
Dec 04, 2015 (LBO) – Sri Lankan stocks closed down 0.16 percent with losses in index heavy stocks amid low investor activity, brokers said. The Colombo benchmark All Share Price Index closed down 11.10 points at 6,869.56 down 0.16 percent. S&P SL20 closed 7.54 points lower at 3,638.56 down 0.21 percent. Turnover was low at […]
Sri Lanka’s CSE to see infrastructure bonds and REITs soon
Dec 04, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) chief said that new products in the form of infrastructure bonds and REIT’s will be introduced to broaden and add depth to the islands debt markets.“New products need be brought in, Sri Lanka’s debt market needs to be broadened and depth needs to be […]