Foreign Flow (US$m)
Local News: SOEs borrow Rs. 184bn in pandemic pinch: Central Bank (Daily FT) 15,000 doses of Sputnik V arrive in Sri Lanka (Daily FT) European Palm Oil Alliance disappointed over impending Lankan ban (Daily FT) Corporate Announcements: Dividend Announcements: Results for the period ended 31 March 2021:
12 May 2021
12 May 2021
Annual report of Central Bank stated that stronger credit demand by state-owned Enterprises (SOEs) saw lending to the state sector rise by Rs.184.2bn in 2020 but private sector loans also performed better than expected increasing 6.5% to Rs.374.1bn. Bank borrowing by the Road Development Authority (RDA) increased by Rs.53.6bn during 2020, In addition, credit obtained by SriLankan Airlines, National Water Supply & Drainage Board (NWS&DB), State Pharmaceuticals Corporation (SPC), Paddy Marketing Board (PMB) and Ceylon Electricity Board (CEB) increased notably during 2020, while Sri Lanka Ports Authority (SLPA) made repayments to LCBs during the year
Pharmaceutical Production, Supply and Regulation State Minister stated that the first batch of Sputnik V (15,000 doses) COVID-19 vaccines were arrived in the country 03 May 2021. Sri Lanka has ordered a total of 13mn doses of the vaccine developed by the Gamaleya Research Institute of Epidemiology and Microbiology in Russia, at US$9.95 per dose.
The European Palm Oil Alliance (EPOA) in a statement has expressed its grave disappointment caused by the intention of the Sri Lankan Government to ban palm oil. They further stated that ban on palm oil would most probably increase costs of food for the consumers in Sri Lanka and might mean that much more plantation land would be needed for alternative edible oil production.
Sanasa Development Bank (SDB) announced that EGM will be held virtually on 28 May 2021 for the Secondary Public Offering (SPO).
Harischandra Mills (HARI)- First Interim Dividend Rs.20.00 per share – XD – 12/05/2021- PD – 01/06/2021
SDB – First and Final Dividend Rs.2.25 per share – XD – 31/05/2021- PD – 18/06/2021
Pan Asia Banking Corporation (PABC) reported a 1Q2021 net profit of Rs.750mn (+81% YoY)
Tal Lanka Hotels (TAJ) reported a 4Q21 net loss of -Rs.393mn (vs. a 4Q20 net loss of -Rs.154mn), resulting in a FY21 net loss of -Rs.1,095mn (vs. a FY20 net loss of -Rs.260mn)
SOEs borrow Rs. 184bn in pandemic pinch: Central Bank (Daily FT)
15,000 doses of Sputnik V arrive in Sri Lanka (Daily FT)
European Palm Oil Alliance disappointed over impending Lankan ban (Daily FT)
Results for the period ended 31 March 2021: