@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
120 results found in 1516 ms
Page 3 of 4
Abans Finance, AMW Capital Leasing and Finance and Richard Pieris Finance Limited on Rating
Senior creditors, central bank obligations to be serviced
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
[…] The post Lack Of Accountability, Ability & Credibility appeared first on Colombo Telegraph.
[…] The post A Staged Default & Sovereign Bond Debt Trap? IMF’s Spring Meetings Amid Hybrid Cold War appeared first on Colombo Telegraph.
Global rating agency Standard and Poor’s has lowered the long-term foreign currency sovereign credit rating on Sri Lanka to “SD” (selective default) from “CC” as the crisis-hit Island nation missed an interest payment on bonds. On April 18, Sri Lanka missed interest payments on its $1.25 billion international sovereign bonds maturing in 2023 and 2028. “We do […]
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
The Central Bank of Sri Lanka says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable.
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee has fallen to a record low as per the daily exchange report of the Central Bank of Sri Lanka (CBSL).
The Central Bank of Sri Lanka says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable.
Treasury expectsinflation to fall below 9% after September Annual inflation eased due to drop in food prices: CB Reuters: Sri Lanka’s inflation rate in September eased to 9.1% from a year earlier, moderating further from July’s near-record high as food prices fell. Analysts polled by Reuters had expected annual inflation to ease to 9.2% from ...
Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison to record 8.3% growth achieved ...
Reuters: Sri Lanka’s economic growth this year may range between 6.7% and 7.2% depending on the impact of a drought that has lasted since the beginning of the year, Treasury Secretary Dr. P.B. Jayasundera said on Thursday. The Central Bank has forecast 7.2% economic growth this year, after revising it down in March from the ...
Foreigners most bullish with net buying up 20% or Rs. 5 b; Market’s value up by Rs. 48 b between 20 July and 24 Aug. Despite original reservations by some that President Mahinda Rajapaksa shouldn’t have met with capital market stakeholders, the Colombo stock market has proved otherwise, with the most bullish being foreign investors. ...
People’s Leasing Company (PLC) saw its revenues rise nearly 27% in the June quarter, led by growth in its core leasing business, the group said. In results released to the Colombo Stock Exchange, the country’s biggest leasing company said group revenue rose to Rs. 4,367 million during the first quarter of June 2012, from Rs. ...
Lankan Rupee continued to have a significant adverse ...
Carson Cumberbatch Plc has explained the reasons for the major variance in its FY13 first quarter results ahead of their release. As per an extract of Group income statement drawn from unaudited accounts based on existing SLAS environment, profit after tax for 1Q had slumped to Rs. 27.3 million, from Rs. 5.7 billion a year ...
Standard Chartered Bank has revised Sri Lanka’s credit outlook to stable from positive and is advising bond investors to await the conclusion of Sri Lanka’s $ 1 billion Sovereign issue prior to getting involved in the country’s debt market opportunities. This advise is contained in SCB’s latest Asian sovereign credit coverage. “While we believe that ...
Laugfs Gas PLC and its subsidiaries having recorded a profit after Tax of Rs. 942 million as per the un-audited financial statements for the year ended 31 March 2012, yesterday announced a payment of first and final dividend of Rs. 1.50 per share for both Ordinary Voting and Non- Voting shares held. Chairman Laugfs Gas ...
By Cassandra Mascarenhas The third and final day of the Sri Lanka Economic Summit 2012 organised by the Ceylon Chamber of Commerce commenced with a plenary session titled ‘Skills and Productivity to Compete in the Global Market,’ which discussed the initiatives that are underway and aimed to identify additional steps required to improve the quality ...
Reuters: The Sri Lankan rupee edged higher on Friday a day after it hit a record low, as exporters and a state bank sold dollars to buy the local currency in thin trade, dealers said. The rupee closed at 133.50/70 to the dollar, a tad firmer from Thursday’s close of 133.80/90. It hit a fresh ...
Reuters: The Sri Lankan rupee market came to a standstill on Tuesday as banks stopped quoting spot prices against the US dollar, after what dealers said was a request from the central to stop trading the ailing currency beyond the 133 level. “The whole market is distorted as central bank does not like to see ...
Reuters: The Sri Lankan rupee fell to a record low of 133.60 against the dollar on Tuesday on importer demand for the US currency as an IMF delegation went into a sixth day of discussions on the last tranche of a $2.6 billion loan. “The highest trade was done at 133.60 to the dollar, though ...
By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...
Reuters: The stock market rose more than one per cent on Friday with retail and foreign investors buying shares in thin volumes in an overall skittish market concerned about a weak Sri Lankan Rupee and the outlook for interest rates. The main index gained 1.1 per cent, or 53.03 points, to 4,885.18, its highest since ...
Ceylon Grain Elevators PLC’s Net profit during the first quarter of the year 2012 has seen a massive drop compared with the same period of last year owing to high cost of sales and also Exchange losses. Issuing its interim financial results, the firm says, net profit during the first quarter of this year recorded a ...
Dialog Axiata PLC announced yesterday that the depreciation of the SrI lankan Rupee relative to the USD by 12.4% QoQ, resulted in the provisioning of a non-cash translational Foreign Exchange loss of Rs 2.1Bn, leading to the Dialog Group recording a Net loss of Rs 531Mn for Q1 2012. andnbsp;
Still recovering from decades of civil war, Sri Lanka has attracted some private equity interest but firms have found it hard to rally LP support for the country PE Asia: Sri Lanka’s golden sandy beaches lie not 50 kilometres from India’s closest point, but the distance between the two countries’ private equity markets is ...