The Colombo Stock Exchange (CSE) ended trading on a positive note today, with the All Share Price Index (ASPI) crossing the 6,500 mark. The ASPI surged 73.73 points to close at 6,516.26. The day’s trading recorded a turnover of 1,530,337,624.80 rupees in 9,427 trades.The index has been making consistent gains over the month of April. In 2016, the ASPI recorded a dip of 14.97% in comparison to the start of the year, but has since gained 9.48%recording an upward trend. (Apr 29, 2016 4.30 p.m)ASPI trading at 6,502.97, up 60.44...
Friday, April 29, 2016
Sri Lanka's deal with IMF has 3 benefits for external financing profile: Moody's
Apr 29, 2016 (LBO) – Sri Lanka’s 1.5 billion US dollars deal announced today with the IMF will have three benefits for Sri Lanka’s external financing profile, issuing a statement Moody’s Investors Service said.Marie Diron, Senior Vice President, Sovereign Risk Group, Moody’s Investors Service, and the lead sovereign analyst for Sri Lanka highlighted the three points as reproduced below.Firstly, program disbursements together with forthcoming multilateral and bilateral loans will provide external liquidity to ease immediate...
Colombo inflation accelerates 3.1-pct in April 2016
Apr 29, 2016 (LBO) – Consumer prices in Sri Lanka's capital Colombo has accelerated 3.1 percent in April 2016 from a year earlier, up from 2.0 percent in March 2016 with the inflation index gaining 1.3 percent in the month, the state statistics office said.The Year on Year inflation of Food Group has increased from 1.4 percent in March 2016 to 4.9 percent in April 2016 while Non‐food Group decreased by 2.5 percent to 1.7 percent during...
CEYLON COLD STORES - DIVIDEND ANNOUNCEMENTS
CEYLON COLD STORES PLC Company ID: - CCS Date of Announcement: - 29.Apr.2016 Rate of Dividend: - Rs. 10.00 per share /Final Dividend Financial Year: - 2015/2016 XD: - 11.May.2016 Payment: - 20.May.2016 Share Transfer Book O...
KEELLS FOOD PRODUCTS - DIVIDEND ANNOUNCEMENTS
KEELLS FOOD PRODUCTS PLC Company ID: - KFP Date of Announcement: - 29.Apr.2016 Rate of Dividend: - Rs. 8.00 per share /Final Dividend Financial Year: - 2015/2016 XD: - 11.May.2016 Payment: - 20.May.2016 Share Transfer Book O...
Thursday, April 28, 2016
Oil hits 6-month high, speculation on OPEC-Russia deal
Apr 28, 2016 (LBO) – Oil prices hit six month highs before dipping slightly on mixed reports about inventories.Brent Crude hit a high of 47.05 dollars, but is currently down 0.55 percent at 46.92 dollars per barrel.Oil has risen in recent weeks from market optimism that OPEC and Russia will freeze production at current levels, while U.S. production levels off, although the oil meeting ended in a stalemate.“With crude inventories building and the Saudis still pumping at record levels, we feel the recent run-up has been mainly...
Sri Lanka *market update* Asian stocks mixed, BoJ policy steady
The Bank of Japan’s (BOJ) decision to keep monetary policy steady caused sharp swings in Japanese markets Thursday, with the yen rallying sharply and stock futures pointing to steep losses.Nikkei 225 futures in Chicago fell 4.41 percent to 16,780 after the BOJ decision, while the dollar/yen pair fell 2.06 percent to 109.14. Australia’s ASX 200 was up 0.64 percent in morning trade. In Korean the Kospi wavered between positive and negative territory before trading down 0.3 percent while in Hong Kong, the Hang...
No reason to keep exporter's money abroad: Central Banker
Apr 28, 2016 (LBO) – Sri Lankan exporters do not have a clear reason to keep their money abroad as the Central Bank has already removed restrictions on foreign currency withdrawals from foreign currency accounts, a senior official said.Deputy Governor of the Central Bank Nandalal Weerasinghe speaking at an event said the exporters will have a higher return bringing in money here.“Earlier the exporters had a concern over bring in money into Sri Lanka,” Weerasinghe said.“Even they retain them in foreign currency accounts...
Sri Lanka projected economic growth 5.4-pct in 2016; 5.9-pct in 2017: UNESCAP
Apr 28, 2016 (LBO) – Sri Lanka’s economic growth is projected to gain further momentum, at 5.4 percent in 2016 and 5.9 percent in 2017, newly released 2016 UNESCAP report said.The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) report further said private consumption in Sri Lanka will likely remain the key growth driver amid greater urbanization and rising demand for housing.As per the report, one immediate policy challenge is to ensure a strong fiscal position and debt sustainability.Public...
Wednesday, April 27, 2016
Sri Lanka *market update* Asian stocks mixed, oil hovers near 2016 high
Asian stocks showed mixed performances ahead policy decisions from the Federal Reserve and the Bank of Japan. The MSCI Asia Pacific Index dropped 0.5 percent to 131.69 while Japan’s Topix index lost 0.8 percent. Australia’s S&P/ASX 200 Index gained 0.8 percent. South Korea’s Kospi index and New Zealand’s S&P/NZX 50 Index both slid 0.2 percent. Singapore’s Straits Times Index fell 0.5 percent. Hong Kong’s Hang Seng Index lost 0.1 percent, while the Hang Seng China Enterprises Index of mainland stocks...
Fastest population shift in history, opportunity or threat to Asia?
Apr 27, 2016 (LBO) – If countries do not start planning for the rapid Asian demographic change, they will miss out on a unique opportunity to boost growth and investments for the future, a UN report said.The United Nations Development Programme (UNDP) in its latest Regional Human Development Report says that Asia-Pacific countries now have more working-aged people and fewer dependents than at any point in history, providing a springboard for growth.Some economists, however, argue that steady state principles would lead to sustainable...
Sri Lankans named in Panama Papers expected in May
Apr. 27, 2016 (LBO) – The International Consortium of Investigative Journalists said they will release on May 9th a searchable database with information on more than 200,000 offshore entities that are part of the Panama Papers investigation.The data comes from the Panamanian law firm Mossack Fonseca, one of the top players in the offshore world, and includes information about companies, trusts, foundations and funds incorporated in 21 tax havens, from Hong Kong to Nevada in the United States, the ICIJ statement said.“It links...
BIMPUTH FINANCE - DIVIDEND ANNOUNCEMENTS
BIMPUTH FINANCE PLC Company ID: - BLI Date of Announcement: - 27.Apr.2016 Rate of Dividend: - Rs. 1.50 per share (Subject to dividend tax of 10%) /Interim Dividend Financial Year: - 2015/2016 XD: - 09.May.2016 Payment: - 16.May.2016 Share Transfer Book O...
UNION CHEMICALS - DIVIDEND ANNOUNCEMENTS
UNION CHEMICALS LANKA PLC Company ID: - UCAR Date of Announcement: - 27.Apr.2016 Rate of Dividend: - Rs. 9.00 per share / Final Dividend Financial Year: - 2015 Shareholder Approval: - Required AGM: - 30.May.2016 XD: - 31.May.2016 Payment: - 08.Jun.2016 Share Transfer Book O...
HARISCHANDRA MILLS - DIVIDEND ANNOUNCEMENTS
HARISCHANDRA MILLS PLC Company ID: - HARI Date of Announcement: - 27.Apr.2016 Rate of Dividend: - Rs. 40.00 per share /Interim Dividend Financial Year: - 2015/2016 XD: - 09.May.2016 Payment: - 16.May.2016 Share Transfer Book O...
Tuesday, April 26, 2016
Sri Lanka holds rates unchanged after policy meeting
Apr 26, 2016 (LBO) – Sri Lanka’s monetary board held interest rates unchanged after a monthly policy meeting to allow time for recent tightening to take its course. “Considering the fact that the Central Bank has already adopted measures to tighten monetary policy by raising the Statutory Reserve Ratio (SRR) and policy interest rates, and that the impact of these measures is yet to be reflected in monetary conditions in full,” the board said maintaining rates was appropriate. The full statement is below: Headline inflation,...
A new political culture will be introduced after May 01: President
Apr 26, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena says he will introduce a new political programme in the country after May 01 and take several new political decisions for the betterment of the country and its people.“These decisions will help to prevent the corrupt forces, who used state powers and assets in an erroneous way, regaining the power in the country another time,” he said.“It will also help to protect the democracy and freedom of the public while taking the country forward without corruption and...
Swedish Foreign Minister, companies meet Sri Lankan businesses
Apr 26, 2016 (LBO) – Swedish Foreign Minister Margot Wallström met Sri Lankan government and business representatives together with representatives of several top Swedish companies at a discussion on cooperation for sustainable urban development on Monday. Swedish companies such as ABB, Axis Communications, Ericsson, Icomera, Saab, Scania and Volvo were represented, while officials of several Sri Lankan companies and trade chambers were present. Sri Lanka has urban areas growing faster than other countries in the region and...
Sri Lanka *market update* Asian stocks defensive on Fed announcement, Oil down
Asian stocks fell for a third day ahead of a US Fed rate announcement. The MSCI Asia Pacific Index slipped 0.3 percent to 132.41. Japan’s Topix index lost 0.6 percent as the yen traded at 111.04 per dollar while South Korea’s Kospi index fell less than 0.1 percent. Australia’s S&P/ASX 200 Index was little changed while New Zealand’s S&P/NZX 50 Index slipped 0.2 percent. Both markets resumed trading after Monday’s holiday. Futures on the FTSE China A50 Index and the Hang Seng Index were both up...
Sri Lanka inflation accelerates 2.2-pct in March 2016
Apr 25, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose 2.2 percent in March from the 1.7 percent inflation reported a month earlier on year-on-year basis, data from the state statistics office showed.The National Consumer Price Index has been compiled as 110.0 for March 2016 and shows a decrease of 0.8 index points or a percentage of 0.72 compared to the previous month’s index of 110.8.This change...
Demand for infrastructure finance shows no sign of slowing: ADB
Apr 25, 2016 (LBO) – The demand for finance for major infrastructure and development projects in Asia and the Pacific shows no sign of slowing as regional economies seek ways to address moderating economic growth, inequality, and significant environmental risks, says the Asian Development Bank (ADB)’s 2015 Annual Report.As ADB marks its 50th year of operations in 2016, the latest annual report, shows that total operations surged to 27.17 billion dollars in 2015—the highest in ADB’s history. The total included 16.29 billion dollars...
US expected to hold rates this week
Apr 25, 2016 (LBO) – The U.S Federal Reserve is widely expected to hold interest rates when its policy makers meet this week.More important than the actual rate decision at this week’s (26th-27th) Fed meeting will be the language of the policy statement, analysts say.“The market for Fed funds futures seems to be assigning a low probability to an interest rate hike,” a Reuters report said.US Fed chair Janet Yellen had spoken extensively about global risks after the previous policy meeting and it remains to be seen whether she...
Sri Lanka exporters protest gazette on repatriation of funds
Apr 25, 2016 (LBO) – Sri Lankan exporters have begun to protest after the Finance Ministry issued a gazette notification requiring the repatriation of funds from exports that are retained abroad. “As part of current policy measures taken to improve the foreign exchange inflows to the country, the Hon. Minister of Finance has issued the Gazette Notification (Extraordinary) No: 1960/66 dated 01 April 2016,” the notfication said. It contains three clauses:1) Repealing the exemption granted in respect of payment for goods exported...
HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA - DIVIDEND ANNOUNCEMENT
HDFC BANK Company ID: - HDFC Date of Announcement: - 26.Apr.2016 Rate of Dividend: - Rs. 0.75 per share / Final Dividend Financial Year: -2015 Shareholder Approval: - Required Dates to be notif...
INDO MALAY (INDO) - CORPORATE DISCLOSURE
http://www.cse.lk/cmt/upload_cse_announcements/3011461669959_....
SHALIMAR (MALAY) (SHAL) - CORPORATE DISCLOSURE
http://www.cse.lk/cmt/upload_cse_announcements/6071461669917_....
GOOD HOPE (GOOD) - CORPORATE DISCLOSURE
http://www.cse.lk/cmt/upload_cse_announcements/3061461669760_....
SELINSING (SELI) - CORPORATE DISCLOSURE
http://www.cse.lk/cmt/upload_cse_announcements/4971461669313_....
TOKYO CEMENT COMPANY (LANKA) (TKYO) - CORPORATE DISCLOSURE
http://www.cse.lk/cmt/upload_cse_announcements/1731461643885_....
AMANA TAKAFUL (ATL) - RIGHTS ISSUE 1 for 5
http://www.cse.lk/cmt/upload_cse_announcements/5441461582435_....
CHEVRON LUBRICANTS LANKA (LLUB) - SUB-DIVISION OF SHARES 1 for 2
http://www.cse.lk/cmt/upload_cse_announcements/3261461578782_....
Saturday, April 23, 2016
Interview: Sri Lanka wants infrastructure that generate revenue, says Niroshan Perera
Apr 22, 2016 (LBO) – Sri Lanka will move ahead with development projects that generate revenue while strengthening accountability of state institutions to Parliament, a government minister said.State Minister for National Policies and Economic Affairs, Niroshan Perera, spoke to Lanka Business Online on several aspects of policy.Projects such as the Mattala airport and Hambantota harbour will be developed to generate revenue, he said.“If you take large-scale infrastructure projects such as the Mattala airport and the Hambantota...
Friday, April 22, 2016
SANASA DEVELOPMENT BANK - SCRIP DIVIDEND ANNOUNCEMENT
SANASA DEVELOPMENT BANK PLC Company ID: - SDB SCRIP DIVIDEND Date of Initial Announcement: - 29.Mar.2016 Proportion: - One (01) share for every 21.9467 existing shares held Qty Offered: - 1,833,838 Financial Year: - 2015 Shareholder Approval: - Required AGM: - 31.May.2016 XD: - 01.Jun.2016 Share Transfer Book O...
SANASA DEVELOPMENT BANK - CASH DIVIDEND ANNOUNCEMENT
SANASA DEVELOPMENT BANK PLC Company ID: - SDB CASH DIVIDEND Date of Initial Announcement: - 29.Mar.2016 Rate of Dividend: - Rs. 2.50 per share (Subject to dividend tax of 10%) / Final Dividend Financial Year: - 2015 Shareholder Approval: - Required AGM: - 31.May.2016 XD: - 01.Jun.2016 Payment: - 09. Jun.2016 Share Transfer Book O...
Wednesday, April 20, 2016
Seylan Bank to sell Rs5bn in listed debt
Apr 20, 2016 (LBO) – Seylan Bank will sell up to five billion rupees in listed debt, the bank said in a statement.“The Bank’s board has approved to issue three billion rupees of debt with a further option to sell another two 2 billion rupees,” a stock exchange filing said.The debentures will be issued for tenures of five and seven years and have a coupon on 100 rupees. “The interest rates options will be announced prior to the opening of the issue,” the statement added.&nb...
Sri Lanka tea sees better demand for high grown small leafs
Apr 20, 2016 (LBO) – Sri Lanka’s tea at auction offerings saw good demand all round with better demand for high grown small leaf teas, Forbes & Walker Tea Brokers said in their latest report.“Consequent to the smaller volume on offer coupled with the absence of an auction last week on account of Sinhala/ Tamil New Year there was good demand all round,” the report said.“Indeed an encouraging sale for the high grown small leaf teas.”The full report follows;15th sale of the year was concluded which had on offer a...
Sri Lanka *market update* ASPI close up 0.55-pct, net foreign inflow Rs.92.4Mn
ASPI closed at 6,423.13, up 35.28 points or 0.55 percent with gains in index heavy stock like John Kells Holdings and Ceylon Tobacco Company, brokers said. The day’s turnover was 577 million rupees with 94 stocks making gains and 49 ending negative. Over 2.1 million shares of Asiri Hospitals was traded during the day with the stock closing at 26.50 rupees, up 0.60 rupees. Top contributory counters towards the day’s turnover were ACL Cables 81.5million rupees , John Keells Holdings (Voting) 81.3million rupees. Foreign...
Tuesday, April 19, 2016
Sri Lanka's President opposes planned VAT hike
Apr 19, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena, in a public address on Monday, said he would not support tax increases that burden the people.The Value Added Tax (VAT) rate is scheduled to be increased to 15 percent from May 2nd, according to the Finance Ministry, and will include the telecommunications sector.The new government is people friendly, Sirisena pointed out, speaking to a gathering in Polonnaruwa.Sri Lanka is currently in talks with the IMF for a 36-month facility of at least one billion dollars...
Sri Lanka *market update* ASPI trading up at 0.1-pct, Banking & finance sector up
ASPI trading at 6,391.03, up 8.72 points or 0.14 percent with gains in some Banks and Finance sector stocks, brokers said. Gains were seen on Commercial bank, Seylan bank and Commercial Leasing. Active trading was also seen in Ceylon Tobacco and Dialog Axaita. Turnover is at 150 million rupees.up &nb...
Monday, April 18, 2016
Central Bank sees monetary policy stance as appropriate
Apr 18, 2016 (LBO) – Sri Lanka’s Central Bank, in response to an opinion column, states that its monetary policy stance holding interest rates unchanged on March 29 was appropriate.WA Wijewardena, a former deputy governor, in an article in the Daily FT alleged that the Monetary Board should have tightened monetary policy “based on the logical economic choice which the Board would have made to lift the economy out of the prevailing foreign exchange crisis.”But the Central Bank’s response is that it has tightened monetary policy,...
Sri Lanka among Asia's top 10 FDI hotspots: US think tank
Apr 18, 2016 (LBO) – IHS Global Insight, a United States-based think tank, has listed Sri Lanka as one of the top 10 foreign direct investment (FDI) destinations in Asia.The other Southeast Asian countries projected to be the FDI hot spots in the region, are China, India, Bangladesh, Indonesia, Vietnam, Myanmar, Malaysia, The Philippines and Thailand.“Over the next decade, Asia Pacific is forecast to be the fastest growing region of the global economy and the region that offers the biggest potential gains for foreign direct...
Sri Lanka *market update* ASPI close at 0.3-pct
ASPI closed at 6,382.31, down 19.01 points or 0.30 percent with losses in some finance and banking sector stocks like Commercial Leasing Company and Lanka Orix Leasing and DFCC Bank,brokers said. Turnover was 674 million rupees.Top contributory counters towards the day’s turnover were John Keells Holdings (Voting) LKR 153.9mn (USD 1,063.2k, +0.8%), Hatton National Bank (Voting) LKR 105.9mn (USD 731.2k, -0.2%), LB Finance LKR 83.4mn (USD 576.1k, -0.6%) Tess Agro (Voting) LKR 63.2 (USD 436.3k, +6.3%), Namal Acuity Value...
PIRAMAL GLASS - DIVIDEND ANNOUNCEMENT
PIRAMAL GLASS CEYLON PLC Company ID: - GLAS Date of Announcement: - 18.Apr.2016 Rate of Dividend: - Rs. 0.35 per share /First & Final Dividend Financial Year: - 2015/2016 Shareholder Approval: - Required AGM: - 30.Jun.2016 XD: - 01.Jul.2016 Payment: - 12.Jul.2016 Share Transfer Book O...
Tuesday, April 12, 2016
Three member committee to streamline Chinese projects in Sri Lanka
Apr 12, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe has pledged to China to appoint a three-member high powered committee to streamline and expedite Chinese projects and investments in Sri Lanka.Special Assignments Minister Dr. Sarath Amunugama, Development Strategies and International Trade Minister Malik Samarawickrama and Economic Affairs Ministry Consultant R.Paskaralingam will be appointed to the committee.Prime Minister Ranil Wickremesinghe met Chinese President Xi Jinping and premier Li Keqiang last week.During...
Sri Lanka's Hilton gets new board
Apr 12, 2016 (LBO) – Krishantha Cooray has been appointed Chairman and Non Executive Director of Hotel Developers Lanka (Hilton Hotel), a statement said.Following Non-Executive Directors too have been appointed: Athula Senanayake, Tehani S. Mathew, Dinouk Colombage, Sonali Liyanamana, Dhanushka R. Samarasinghe and M.Shezmin Manzoor, according to a filing to the Stock Exchange.&nb...
Sri Lanka economy adjusting, may receive USD1-1.25 bln from IMF: CB
Highlights from press conference:* GDP grew 4.8 pct in 2015, vs 4.9 pct 2014* Sri Lanka may receive around USD 1-1.25 billion IMF support: Governor* USD500 mln renminbi bonds may be issued in coming months: Governor* Worker remittances fell 0.5 pct to USD6.9 bln in 2015* Official reserves at USD6.2 bln end of MarchApr 12, 2016 (LBO) – Sri Lanka’s Central Bank said the economy grew at 4.8 percent in 2015 versus 4.9 percent in 2014, with growth this year expected in the range of 5-5.5 percent.Governor Arjuna Mahendran said monetary...
Sri Lanka *market update* ASPI close up 1.2-pct
ASPI closed at 6,353.20, up 77.58 points 1.24 percent with gains in John Keels Holdings and Hemas Holdings, brikers said. S&P SL20 index moved up 35.84 points for the day. Interest was evident on banks during the day, with Seylan Bank securing the top slot turnover wise with a contribution of 26 percent. The transaction was aided by a single negotiated deal on the stock at LKR 93. Price gainers outnumbered price losers 174 to 14. Foreigners were net sellers for the day posting a net foreign outflow of LKR...
RE-IMPOSITION OF SHARE TRANSACTION LEVY (STL)
Apr 12, 2016 (LBO) – Sri Lanka will re-impose the share transaction
levy at the rate of 0.3 percent from 15 April, 2016, the Colombo Stock
Exchange said.
The levy would be charged from every buyer and seller on the turnover of every share trading transaction done on the CSE.
The share transaction levy was removed from January 1, 2016olombo.
http://www.cse.lk/cmt/upload_cse_announcements/5241460446832_.pd...
Monday, April 11, 2016
Ceylon Dollar Bond Fund records 8.82 percent dollar return
Apr 11, 2016 (LBO) – The Ceylon Dollar Bond Fund (CDBF) that invests in Sri Lanka Dollar Sovereign Bonds and Bank Bonds has recorded an 8.82 percent per annum annualized return (10.60 percent in Rupee terms) during the first quarter of 2016, its managers said.The dollar denominated fund in Sri Lanka is managed by Ceylon Asset Management, while Deutsche Bank is Trustee and Custodian of the fund. The fund has been awarded a B+ rating by Fitch Ratings that mirrors Sri Lanka’s country dollar rating.“The tax exempted Unit Trust is...
Sri Lanka PM wants equity swap for USD8 bln debt to China
Apr 11, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe has asked China to swap part of the 8 billion dollars it owes the nation into equity in infrastructure projects, and has offered to sell stakes in Sri Lankan companies. Wickremesinghe spoke to reporters in Beijing, China on Saturday, media report said. “We’ve been talking with some companies and also the government of China about the possibility of some infrastructure projects becoming public-private partnerships, in which part of the debt will become equity...
IMF supports negative policy rates to spur economies
Apr 11, 2016 (LBO) – IMF supports negative policy rates by some central banks given the significant risks to the outlook for growth and inflation, a blog by IMF staffers states.Six central banks, including the European Central Bank and the Bank of Japan, have taken the unprecedented step to spur their economies.“Although the experience with negative nominal interest rates is limited, we tentatively conclude that overall they help deliver additional monetary stimulus and easier financial conditions,” three top officials at the...
Sri Lanka *market update* ASPI close flat
ASPI closed flat at 6,275.62 with a turnover of 815 million rupees. JKH, aided by two block deals, recorded the highest turnover for the day, contributing 43percemt to the total market turnover. Foreign investors aligned to the buying side following seven sessions of net foreign sales, recording a net foreign inflow of LKR 76mn. Negative contributors outnumbered the positive contributors by 70 to 62. ASPI trading down at 6,266.17, down 9.45 points or 0.16 percent with losses in John Keells Holdings and Richard Peiris...
Sri Lanka makes progress towards IMF facility: IMF mission
Apr 11, 2016 (LBO) – Sri Lanka has made significant progress toward reaching an International Monetary Fund (IMF) support facility, which could get approval within the next two weeks, an IMF review mission said concluding its visit. A staff team led by Todd Schneider visited Colombo during March 31-April 11 to hold 2016 Article IV consultation discussions and to discuss the authorities’ request for a fund supported arrangement. “The mission made significant progress toward a staff level agreement with the government on an economic...
OVERSEAS REALTY (CEYLON) - RIGHTS ISSUE
http://www.cse.lk/cmt/upload_cse_announcements/1911460371865_....
Friday, April 8, 2016
Sri Lanka's govt. sets standard for appointing boards of SOE's
Apr 08, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve a set criteria for consideration for appointing of chairmen and board of directors of State Owned Enterprises in the island.“Lack of a clear-cut policy directives with regard to management of Public Enterprises, failure to delegate decision-making to senior management, absence in commercial consideration in business decisions, political interference in appointment if staff have been identified as some of the key constraints to improve performance of Public Enterprises,”...
Sri Lanka *market update* ASPI close up 0.7-pct, T/O 746 Mn
ASPI close up 6,275.62, up 45.43 points or 0.73 percent with gains seen in Commercial Bank, Carson and Cumberbatch and Distileries Company, brokers said. Turnover was recorded at 764 million rupees, with 111 stocks ending positive and 53 negative. Apr 08, 2016 03.30 p.mAsian stocks were down on Friday following a dip in the US markets. The MSCI Asia Pacific Index was down 0.8 percent while Japan’s Topix lost as much as 1.7 percent . Hong Kong’s Hang Seng Index retreated 0.8 percent. Australia’s S&P/ASX...
China grants 500mn Yuan symbolizing Sino-Lanka friendship
Apr 08, 2016 (LBO) – Chinese Premier Li Keqiang has pledged a grant of 500 million Yuan to Sri Lanka symbolizing Sino-Lanka friendship, the Prime Minister’s office said.Chinese Premier has told the Sri Lankan delegation that the Free Trade Agreement is expected to be signed soon reducing the trade gap between the two countries.Keqiang has also pledged to support the development of the second stage of Hambanthota Port.Following an invitation extended by Sri Lanka’s PM, the Chinese Premier is expected to visit Sri Lanka next year.In...
THREE ACRE FARMS - DIVIDEND ANNOUNCEMENTS
THREE ACRE FARMS PLC Company ID: - TAFL Date of Announcement: - 08.Apr.2016 Rate of Dividend: - Rs. 2.10 per share / First and Final Dividend Financial Year: - 2015 Shareholder Approval: - Required AGM: - 19.May.2016 XD: - 20.May.2016 Payment: - 30.May.2016 Share Transfer Book O...
CEYLON GRAIN ELEVATORS - DIVIDEND ANNOUNCEMENTS
CEYLON GRAIN ELEVATORS PLC Company ID: - GRAN Date of Announcement: - 08.Apr.2016 Rate of Dividend: - Rs. 1.10 per share / First and Final Dividend Financial Year: - 2015 Shareholder Approval: - Required AGM: - 19.May.2016 XD: - 20.May.2016 Payment: - 30.May.2016 Share Transfer Book O...
Thursday, April 7, 2016
Sri Lanka *market update* ASPI close up 1.0-pct
ASPI close at 6,230.19, up 65.08 points or 1.06 percent with gains in John Keells Holdings and Commercial Bank, brokers said. Total turnover for the day stood at 804 million rupees. Top contributory counters towards the day’s turnover were People’s Leasing & Finance 162.2 million rupees, DFCC Bank 127.8 million rupees, AEL Engineering 81.4 million rupees and Hatton National Bank (Voting) 52.6 million rupees. Foreign purchases amounted to 71.7 million rupees whilst foreign saless amounted to 269.2 million rupees...
Prime Minister and delegation in China to enhance bilateral relations
April 07, 2016 (LBO) – Sri Lankan Prime Minister Ranil Wickremesinghe left for an official visit to China on Wednesday, the Foreign Ministry said.This is Wickremesinghe’s first visit as the prime minister to China since the government of President Maithripala Sirisena was formed in January last year.On the April 6-9 visit, he will be holding high-level discussions with Chinese leaders to advance bilateral relations to a new level, his office said.“The Sri Lankan PM will be negotiating the 125 million US dollar penalty...
Sri Lanka to sign MOU with China to enhance market liquidity
Apr 07, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe who is currently on an official visit to China is to sign an MOU in view of maintaining financial stability of the country by enhancing liquidity of the market.The cabinet nod has been given to the above proposal yesterday at the weekly cabinet meeting.Prime Minister revealed Parliament recently that Sri Lanka is currently looking at one billion US dollars worth currency swap agreement with China.Sri Lanka received a 700 million US dollars currency swap from...
We don't want to see companies getting delisted: Securities Regulator
Apr 07, 2016 (LBO) – Sri Lanka’s securities regulator has invited listed companies to send their suggestions on the minimum public float rule as they seem to be struggling meet the rule.Director General of Securities and Exchange Commission Vajira Wijegunawardane speaking at a forum on the minimum public float said they are flexible in terms of their guidelines.“We actually don’t want to see companies getting de-listed. The commission is flexible in terms of guidelines,” Wijegunawardane said.“But we have to understand that these...
PROPERTY DEVELOPMENT - DIVIDEND ANNOUNCEMENTS
PROPERTY DEVELOPMENT PLC Company ID: - PDL Date of Announcement: - 07.Apr.2016 Rate of Dividend: - Rs. 3.00 per share /First & Final Dividend Financial Year: - 2015 Shareholder Approval: - Required AGM: - 30.May.2016 XD: - 31.May.2016 Payment: - 08.Jun.2016 Share Transfer Book O...
SMB LEASING - DIVIDEND ANNOUNCEMENTS
SMB LEASING PLC Company ID: - SEMB Date of Announcement: - 07.Apr.2016 Rate of Dividend: - Rs. 0.02 per share (Voting & Non-Voting) Interim Dividend Financial Year: - 2015 XD: - 20.Apr.2016 Payment: - 03.May.2016 Share Transfer Book O...
Wednesday, April 6, 2016
Sri Lanka govt approves compensation for Rathupaswala victims
Apr 06, 2016 (LBO) – President Maithripala Sirisena has given his approval to provide 4.68 million rupees as compensation for 33 victims of Rathupaswala incident, a statement said.The President will present the compensation money to 24 persons, who are fully disabled or partially disabled or who are admitted to hospitals for treatment in the Gampaha Divisional Secretariat and 9 persons belongs to the Mahara Divisional Secretariat, on April 08.During the last few weeks the President paid special attention on providing the justice...
Sri Lanka *market update* ASPI close up 0.1-pct
All Share Price Index gained 6.1 points to close at 6,165.1 while the S&P SL20 Index gained 1.3 points to close at 3,254.7 (+0.0%). Total turnover for the day stood at 616.4 million rupees and the volume traded for the day was 18,179 against the 12-month average daily volume of 43,085. ASPI gained marginally due to price increases in stocks such as Commercial Bank, Cargills Ceylon,Trans Asia Hotels, Commercial Credit and Finance and Commercial Leasing & Finance. Foreign purchases amounted to 188.3 million whilst...
S&P and CSE Sector and Industry Group Indices launched
Apr 06, 2016 (LBO) – S&P Dow Jones Indices, one of the world’s leading index providers, and the Colombo Stock Exchange today jointly announced the launch of the S&P/CSE Sector and Industry Group Indices.The comprehensive index series is designed to measure the performance of various sectors and industry groups within the Sri Lankan equity market, as defined by the Global Industry Classification Standard.The S&P/CSE Sector and Industry Group Indices were developed based on the universe of common stocks listed on the...
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