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Sri Lanka consumer prices rise 9.5-pct to August
Aug 30, 2012 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 9. 5 percent in August 2012 from a year earlier, easing slightly from 9. 8 percent in July, with the index falling in absolute terms in the month, the state statistics office said. The Colombo Consumer Price Index fell 0. 6 percent […]
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Aug 29, 2012 (LBO) – Fitch has rated a proposed billion rupee redeemable debt sale by Singer Sri Lanka, a consumer durables retailer ‘A(lka)’ with a stable outlook. “The rating reflects Singer’s market position as one of Sri Lanka’s largest consumer durables retailers, as well as its established franchise and extensive distribution network,” Fitch Ratings […]
Sri Lanka stocks close up 0.2-pct
Aug 29, 2012 (LBO) – Sri Lanka’s stocks closed up 0.2 percent Wednesday in a late rally after running out of steam amid profit taking earlier in the day, brokers said. Free Lanka was next closing at 2.30 rupees with 12.7 million rupees. Index heavy Sri Lanka Telecom extended gains closing up 1.60 rupees at […]
SriLankan Airlines ups weekly India flights to 87
Aug 29, 2012 (LBO) – State-run SriLankan Airlines has upped weekly flights to India to 87 by increasing frequencies to Trivandrum by three to ten a week from August 30, the carrier said. The airline now flies to Bangalore, Chennai, Delhi, Mumbai, Trichy as well as Kochi and Trivandrum. “India is a high growth potential […]
‘s Spicejet from Sept 20
Aug 29, 2012 (LBO) – India’s Spicejet will fly to Sri Lanka from September 20, using 78-seat Bombardier Q400, 78-seater turboprop aircraft, a media report said. The airline will fly from Madurai in South India at 12. 30 pm and land in Colombo at 1.30 pm. The Colombo – Madurai will is from 2. 35 […]
Sri Lanka renewable energy firms demand higher tariffs after depreciation
Aug 29, 2012 (LBO) – Sri Lanka’s renewable energy firms have demanded higher tariffs after the rupee depreciated and interest rates rose following a balance of payments crisis, at a public consultation called by the power regulator. Renewable energy firms said the rupee had depreciated from 110 to over 130 (about 18 percent) over the […]
Sri Lanka Treasuries yields up
Aug 28, 2012 (LBO) – Sri Lanka’s Treasuries yields edged up across maturities at Tuesday’s auction with the three months yields gaining 05 basis points to 11.41 percent, data from the debt office showed. The 6-month yield rose 05 basis points to 13.07 percent and the 12-month yield rose 04 basis points to 13.31 percent […]
Sri Lanka stocks up 0.29 pct
Aug 28, 2012 (LBO) – Sri Lanka’s stocks closed up 0.29 percent with several large caps and speculative stocks extending gains, while a transfer of Aitken Spence shares boosted turnover, brokers said. Index heavy Sri Lanka Telecom closed AT 39.30 rupees up 1.10 rupees, Distilleries closed at 122.30 rupees up 3.30 and John Keells Holdings […]
Watchdog
Aug 28, 2012 (LBO) – Nalaka Godahewa, former chairman of Sri Lanka’s tourism development agency has been appointed as the chairman of the Securities and Exchange Commission, a state official said. The SEC chairman before Karunarantne, Indrani Sugathadasa, a retired senior public servant also resigned saying she was upholding her principles. Sri Lanka has had […]
Sri Lanka dairy firm eyes former war zones, exports
Aug 28, 2012 (LBO) – Lanka Milk Foods, a unit of Sri Lanka’s Stassen group said it was eyeing former war zones in the north and east of the country for expansion, while it operated within complex state interventions. LMF’s imported milk business was hit by state price controls and import duties but it also […]