Browns from Sri Lanka to Acquire Lipton Operations in Kenya, Tanzania, and Rwanda
Sri Lanka’s Browns Investments has announced its agreement to acquire Lipton tea companies in Kenya, Tanzania, and Rwanda from their UK and Netherlands-based.
Markets
Reporting on stock market trends, bond yields, commodity prices, and currency exchange rates, along with analysis of how these factors impact investors and businesses.
Markets
Stock Market
Bond Yields
Markets
Sri Lankan Rupee Ends Trading Day Weaker at 299.40/70 Against US Dollar
On Tuesday, Sri Lanka’s rupee concluded at 299.40/70 against the US dollar, a slight depreciation from the previous day’s rate of 298.00/50, according.
- May 8, 2024
Bond Yields
Markets
Bullish Sentiment Persists in Secondary Bond Market as Rupee Depreciates
The secondary bond market began the week on a positive note, witnessing robust transaction volumes and a continued decline in yields on May.
- May 7, 2024
Markets
Stock Market
Colombo Stock Market Opens Week with Bearish Trend
The Colombo stock market opened the new week on a negative note, witnessing declines in both indices by over 20 points, despite active.
- May 7, 2024
Markets
Stock Market
Sri Lankan Stocks Decline as Profit-Taking Prevails at Close
The Colombo Stock Exchange experienced a downturn on Monday, with the All Share Index declining by 0.23 percent and the S&P SL20 Index.
- May 6, 2024
Bond Yields
Markets
Potential GDP-Linked Bonds Could Draw Investor Interest
According to the Financial Times, Sri Lanka is exploring innovative debt restructuring measures, including the introduction of GDP-tied payouts into bonds, in an.
- May 6, 2024
Markets
Stock Market
Samsung’s Profits Surge Tenfold, Fueled by AI Advancements
Samsung Electronics, a leading South Korean semiconductor and smartphone giant, reported a significant tenfold increase in operating profits for the last quarter. This.
- May 2, 2024
Bond Yields
Markets
Sri Lanka Successfully Sells Rs. 99 Billion in Bonds Maturing from 2028 to 2032
Sri Lanka recently auctioned 99.7 billion rupees worth of bonds maturing in 2028, 2030, and 2032, as reported by the state debt office..
- April 30, 2024
Markets
Stock Market
Fitch Maintains UB Finance’s Rating at ‘BB(lka)
Fitch Ratings has affirmed UB Finance PLC’s National Long-Term Rating at ‘BB(lka)’ with a stable outlook. The rating reflects expectations of strong support.
- April 30, 2024
Markets
Strategic Move: SL Embraces RCEP to Tap Into Fresh Apparel Markets
The Joint Apparel Association Forum Sri Lanka (JAAFSL) is highlighting the significance of trade agreements to enhance the competitiveness of the local apparel.
- April 29, 2024