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21
Jan

Sri Lanka to settle $500 mln bond maturing on Thursday – officials

Sri Lanka will draw on its foreign currency reserves to settle a five-year $500 million sovereign bond maturing on Thursday, central bank officials said, a move analysts say would put pressure on interest rates and the rupee. The officials said the authorities had opted...
19
Jan

Dim Sum Sri Lankan Style

Sri Lanka may become an early issuer of Chinese yuan-denominated sovereign bonds to the international financial market, not only to diversify reserves and contain exchange risks in debt repayment and trade, but also to establish itself as a regional hub for this type of debt,...
18
Nov

Sri Lanka holds rates at record lows as credit picks up, inflation benign

Sri Lanka's central bank kept key policy rates steady at record lows for a 10th straight month on Tuesday, and said stable inflation and steady credit expansion should help the economy grow by around 8 over this year and next. Ajith Nivard Cabraal, the central bank governor,...
16
Oct

Sri Lanka holds rates at record lows as credit picks up

Sri Lanka's central bank kept key policy rates steady at record lows for a ninth straight month on Friday, as expected, saying that private sector credit growth is picking up and that longer term lending rates are adjusting downwards. The standing deposit facility rate (SDFR)...
20
Jul

Sri Lanka’s next stock rally could be driven on oil hopes: analyst

Sri Lanka's next stock rally could be driven by the discovery of a commercially viable deposit of oil, which will renew interest in the country, an analyst who correctly called the end of the last stock bubble has said. Amal Sanderatne, head of Frontier Research, a consultancy...
26
Mar

Economy: heading for a bubble?

The turbo-charged performance of the stock market and the euphoria over the numbers that reflect a remarkable revival of the economy and the corporate sector tend to hide the ugly reality that the majority of the people in the country are not enjoying the fruits of the market...
19
Jul

Lankan companies optimistic about future

Companies are expecting strong growth and increased opportunities from the peace dividend in the coming year, according to a survey conducted by MTI Consulting of Chief Financial Officers (CFOs). At a Corporate Finance Forum this week, MTI Chief Executive Officer Hilmy Cader...