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World Bank releases US $ 250mn for Sri Lanka

20 Dec 2023 - 1     - 238

The World Bank today said it has released the US $ 250 second tranche of the US $ 500 million budget support loan for Sri Lanka that was approved in June 28, 2023.

IMF wants SL to finalize deals with creditors ahead of second review in June

13 Dec 2023 - 23     - 2485

Sri Lanka needs to enter into agreements with its official and private creditors before the second review of the Extended Fund Facility (EFF), which is expected to be concluded by the end of the first half of next year, IMF Senior Mission Chief for Sri Lanka, Peter Breuer said.

Sri Lanka projected to end 2023 with US $ 3.8bn foreign reserves: IMF

13 Dec 2023 - 4     - 1829

Sri Lanka’s gross foreign reserves are projected to reach US $3.8 billion by the end of 2023, according to International Monetary Fund (IMF) projections.

CDIC divests 1.5mn Aviva shares; Aviva-AIA deal expected to go through this week

05 Dec 2012 - 0     - 5274

NDB Capital Holdings PLC (CDIC) is believed to have divested 5 % stake of Aviva NDB Insurance PLC (CTCE) today as a part of the Aviva- American International Assurance Company (AIA) deal which is expected to occur either today or during the course of the week, informed sources said.

NDB & CRISIL to launch Lanka’s only Fixed Income Indices

04 Dec 2012 - 0     - 2962

NDB Capital Holdings PLC today announced the introduction of a family of fixed income indices in Sri Lanka which would measure the performance of government securities of selected maturities namely; NDBIB-CRISIL 91 Day T-Bill Index, NDBIB-CRISIL 364 Day T-Bill Index, NDBIB-CRISIL 3 year T-Bond Index and NDBIB-CRISIL 5 year T-Bond Index

Allaince Finance raises Rs.1bn via debentures

03 Dec 2012 - 0     - 5817

Alliance Finance Company PLC has been able to successfully raise Rs.1 billion through a debenture issue for the purpose of increasing its Tier II capital and liquidity position, a statement by the Managers to the issue said

Market ends in green territory

07 Jun 2012 - 0     - 4194

Market ended in green territory today where positive returns were recorded in both benchmark indices. ASI gained 20.23 index points (0.43%) to close at 4,757.98 while sensitive MPI closed at 4,223.35, up 25.09 index points (0.60%). Market turnover was Rs.499.5mn

Suffering continues for Colombo stocks

06 Jun 2012 - 0     - 4360

The Colombo Stock exchange dipped further today extending persistent concerns over the overall market sentiments

Short-term T-bill yields fall

06 Jun 2012 - 0     - 4265

Sri Lanka's short term Treasury bill yields continued to drop at yesterday's T-bill auction for the re-issue of Rs.25 billion maturing bills

Bourse dips

08 May 2012 - 1     - 5109

The Colombo bourse wrapped its daily operation today with recording notable losses in benchmark indices. ASI dropped 79.84 index points (-1.49%) to end at 5,295.60 while liquid MPI lost 73.76 index points (-1.53%) and end at 4,741.69. The Daily market turnover stood at LKR 429.9mn

Lanka IOC to get new MD

03 May 2012 - 0     - 6472

Lanka Indian Oil Company PLC (LIOC) is to get Subodh Dakwale as its new Managing Director, who is expected to assume duties tomorrow

Bourse ends down;crossings boost turnover

02 May 2012 - 0     - 5231

Colombo stocks closed in red today with both benchmark indices recording negative returns. ASI dropped marginally by 2.03 index points (-0.04%) to close at 5,417.17 while sensitive MPI closed at 4,830.73, a drop of 20.51 index points (-0.42%).Daily market turnover stood at LKR 429.6mn

Rupee up over 3%

02 May 2012 - 0     - 5661

The Sri Lankan rupee rose more than 3 percent yesterday as exporters sold dollars following the treasury secretary's threat to resume market interventions if the currency dropped beyond "tolerable" levels

Bharti Airtel Q4 net falls 28%

02 May 2012 - 0     - 4233

Bharti Airtel, India's biggest mobile phone carrier by subscribers, reported its ninth straight quarterly profit decline as intense price competition and losses on foreign exchange eroded earnings

Bourse ends flat

26 Apr 2012 - 0     - 5975

The Colombo bourse ended another flat day of trading today where indices closed indecisively

Market ends in red

25 Apr 2012 - 0     - 4919

Market ended in red today where both benchmark indices dropped marginally. ASI dropped 1.52 points (-0.03%) to end at 5,440.01 while sensitive MPI dropped 4.60 index points (-0.09%) to end at 4,886.80.Daily market turnover was LKR 312.7mn

T-bill yields up 20 bps

25 Apr 2012 - 0     - 5190

Treasury bill yields rose across all maturities by 20 basis points at today’s auction held for the re-issue of Rs.12 billion maturing bills, according to the Public Debt Department of the Central Bank

Indices close negative

23 Apr 2012 - 0     - 5097

The Colombo Bourse ended trading today on a lackluster note where indices closed on a marginally negative territory

ASI tops 5, 500 point mark

19 Apr 2012 - 0     - 4965

Colombo bourse recovered strongly today with the price appreciations in index heavy high dividend payers and due to the lifting of 10% price band regulation. ASI shot up by 111.25 points (+2.06%) to close at 5,518.72 while sensitive MPI ended at 4,939.80 with a gain of 32.65 index points (+0.67%)

T-bill yields up

18 Apr 2012 - 0     - 5059

Treasury bill yields rose across all maturities at yesterday's bill auction held for the re-issue of Rs.10 billion maturing bills

Bourse ends flat

18 Apr 2012 - 0     - 4630

The Colombo stock market ended on a flat note, weighting marginally on to the negative zone.

Buffett says he has prostate cancer

18 Apr 2012 - 0     - 6173

Berkshire Hathaway Inc Chief Executive and legendary investor Warren Buffett said he has stage 1 prostate cancer and will begin a two-month treatment in mid-July consisting of daily radiation treatments

Market down

17 Apr 2012 - 0     - 4984

The bourse edged lower today with relatively dull level of activity. Counters witnessed bare movements with low buying pressure

T bill yields flat

03 Apr 2012 - 0     - 4842

The Treasury bill yields remained flat at yesterday’s bill auction for the re-issue of Rs.10 billion maturing bills, with the six months and twelve months yields remaining unchanged

Bourse ends on negative note

02 Apr 2012 - 0     - 5492

The Colombo equity market commenced the weekly operations on a negative note with benchmark indices delivering negative returns

HNB gets int'l rating

02 Apr 2012 - 0     - 5071

Sri Lanka’s Hatton National Bank PLC (HNB) yesterday received an international credit rating from Moody’s Investors Service

Choppy trading

28 Mar 2012 - 0     - 6164

The Colombo Equity market witnessed a choppy trading session today, indices closing on the alternate directions.

T-bill yields up; 6-month bids rejected

28 Mar 2012 - 0     - 5139

Treasury bill yields rose across maturities at yesterday's auction for the re-issue of Rs.10 billion maturing bills, though all bids for 6-month bills were rejected.

February tea output slips marginally

22 Mar 2012 - 0     - 5306

Sri Lanka's tea production edged down 0.6 percent in February due to high base in the same month last year, the state-run tea board said on Wednesday

Dollar inflows steady - Central Bank

22 Mar 2012 - 0     - 6912

The dollar inflows to Sri Lanka have increased substantially in the recent weeks, and a significant part of them were absorbed by the Central Bank boosting foreign reserves of the country, the Central Bank said in a statement

Bourse down

21 Mar 2012 - 0     - 6322

The Colombo Stock Exchange continued to perform weaker today with dips in indices

Market ends on a mixed note

14 Mar 2012 - 0     - 5443

The Colombo equity market ended on a mixed note today with MPI ending in the positive zone. API closed at 5,418.07, down 5.19 points (-0.10%) while sensitive MPI settled at 4,822.31, up 18.80 (+0.39%). Market turnover was registered at Rs.1.2bn

Standard Chartered Sri Lanka gets AAA

12 Mar 2012 - 0     - 4672

Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch's (SCBSL) National Long-Term rating at 'AAA(lka)'. The Outlook is Stable

Colombo stocks dip

08 Mar 2012 - 0     - 6042

With high level of risk aversion, the Colombo Stock Exchange dipped into the negative territory today on the back of observed selling pressure.

Apple unveils 4G iPad

08 Mar 2012 - 0     - 4936

Apple Inc's latest iPad sports a crisper display and an array of technology advances that, while less than revolutionary, may prove enough for now to keep rivals like Inc and Samsung Electronics Co Ltd at bay

Bourse up; mediocre turnover

06 Mar 2012 - 0     - 5304

  The Colombo Stock Exchange ended positively today however on a lackluster ground

T-bill yields up across all maturities

06 Mar 2012 - 0     - 5420

Sri Lanka’s Treasury bill yields rose across all maturities with three-month yields rising 30 basis points to 10.11 per cent, six-month yields 24 basis points to 10.18 per cent and 12-month yields 15 basis points to 10.45 per cent, the data released by the Public Debt Department of the Central Bank following today's auction said

Access IPO oversubscribed

06 Mar 2012 - 0     - 5889

The Initial Public Offer (IPO) of Access Engineering has been oversubscribed and will be closed at 4.30 pm today, the Managers to the Issue said

Nissan to revive Datsun brand for emerging markets

05 Mar 2012 - 0     - 4731

Nissan Motor Co plans to revive the Datsun nameplate to sell inexpensive cars tailored for emerging markets from 2014, the Nikkei newspaper reported recently, as the Japanese automaker revs up its efforts to tap fast-growth countries

Bourse ends flat

05 Mar 2012 - 0     - 4803

The Colombo equity market ended flat today on limited buying pressure by investors as market displayed no signs of momentum.ASI increased by 4.62 points (+0.08%) to end at 5,464.81 while sensitive MPI increased by 29.23 points (+0.62%) to close at 5,464.81. Market turnover stood at Rs.1.0bn

Rupee at record low

27 Feb 2012 - 2     - 6694

Sri Lanka's rupee hit a record low of Rs.121.20/40 against US dollar today.   This was mainly due to importer dollar demand, as the Central Bank stayed away in line with its new policy against intervening to defend a specific price, currency dealers said. The rupee on Friday closed at Rs.119.90/120.00.

Fitch withdraws on Hayleys

27 Feb 2012 - 0     - 5017

Fitch Ratings has withdrawn its rating on Hayleys PLC and will not provide ratings or analytical coverage of the firm

T bill yields up 20 basis points

22 Feb 2012 - 0     - 5678

Sri Lanka Treasury bill yields rose across all maturities at yesterday's auction, with 12 month yields topping 10 percent for the first time this year, data released by the Public Debt Department of the Central Bank showed

Rupee strengthens on dollar sales by state banks

15 Feb 2012 - 3     - 6735

Reuters—Sri Lanka's rupee currency, which had an all-time closing low on Tuesday, initially weakened further today but then strengthened as state banks sold dollars.

India's Jubilant Foodworks plans 2 more stores in SL

08 Feb 2012 - 0     - 5579

Jubilant Foodworks , which runs the Dominos Pizza chain in the country, plans to open two more stores in Sri Lanka over the next two months, its chief executive Ajay Kaul said in anearnings conference call yesterday

Bourse plunges

08 Feb 2012 - 0     - 8987

The Colombo Stock exchange experienced yet another heavy dip today where benchmark indices witnessed a considerable downfall. Furthermore the market capitalization of CSE fell below Rs.2tn mark

Sri Lanka ups policy rates

03 Feb 2012 - 0     - 3459

The Monetary Board of Sri Lanka has finally decided to increase the policy rates by 50 basis points owing to increased private sector credit growth that is resulting in a widening trade deficit

Sri Lanka ups policy rates

03 Feb 2012 - 0     - 5870

The Monetary Board of Sri Lanka has finally decided to increase the policy rates by 50 basis points owing to increased private sector credit growth that is resulting in a widening trade deficit

January inflation slows to 3.8%

31 Jan 2012 - 1     - 5577

Sri Lanka’s January inflation slowed to 3.8 percent from a year and from 4.9 percent recorded in December 2011, the data released by the Census and Statistics Department said

Aitken Spence books Rs.630mn capital gain via terminal stake sale

26 Jan 2012 - 0     - 6177

Aitken Spence PLC informed the Colombo Stock Exchange today the firm would realise a capital gain of approximately Rs.630 million on the sale of its shareholding in Colombo International Container Terminal (CICT) to China Merchant (International) Company Limited (CMHI)

Market rebounds

25 Jan 2012 - 0     - 9726

The Colombo equity market rebounded today to the positive territory however on a lackluster note. ASI closed at 5,556.29, up 20.2 points (+0.36%) while sensitive MPI settled at 4,736.93, up 26.03 (+0.55%). Market turnover stood at Rs.628.8mn

Bourse starts new week weak

23 Jan 2012 - 1     - 5777

The Colombo Stock Exchange started the new week on negative dynamics where benchmark indices fell sharply throughout the day. Furthermore all the sectors except for oil palm sector depicted considerable losses

Nestlé invests in Rs.1.1bn noodle factory

11 Jan 2012 - 0     - 7655

Nestlé Sri Lanka, the local subsidiary of the world’s leading nutrition, health and wellness company, opened its new noodle plant at its state-of-the-art manufacturing facility in Kurunegala a while ago, marking the second phase of its investment commitment of Rs.10 billion in Sri Lanka

Net foreign buying first time in 2012

05 Jan 2012 - 0     - 6723

Although Colombo bourse continued to be weighted down by notable selling pressure during the trading today, foreigners emerged as net buyers for the first time in the New Year

Indices record losses

04 Jan 2012 - 0     - 4905

Colombo stocks ended in red zone today with notable losses in both benchmark indices. ASI dropped by 62.90 points (-1.04%) to close at 5,972.75 while sensitive MPI dropped by 53.99 points (-1.03%) to close at 5,120.89

Bourse back in red

03 Jan 2012 - 0     - 4866

The Colombo stock market ended lower for the second consecutive day for the week due to rising uncertainties

ComBank deal pushes bourse up

27 Dec 2011 - 0     - 5448

The Colombo bourse started the last trading week of 2011 on a positive note with both indices recording notable gains for the third consecutive day.

Indices up, revenue dips

22 Dec 2011 - 0     - 5114

The Colombo bourse recovered sharply today to the positive zone with notable turnaround in the indices however with thin volume

Bourse ends in red

20 Dec 2011 - 0     - 4884

Colombo stocks ended lower today with both indices recording further losses. Benchmark ASI closed at 5,851.94, lost 9.02 index points (-0.15%) and sensitive MPI closed at 5,088.25, a drop of 17.16 index points (-0.33%). Market turnover stood at the year to date low of Rs.382.1mn

World's cheapest tablet Aakash goes on sale

15 Dec 2011 - 1     - 11210

NEW DELHI: Datawind, the maker of the world's cheapest tablet has put up for sale about 30,000 tablets online at a price of Rs 2500 each, with a delivery period of seven days