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Sri Lanka borrowings not limited to China: Treasury Secretary
Oct 11, 2012 (LBO) – Sri Lanka’s external financing has got diversified out of a traditional Western led donor group but the country was not just depending on China, despite such a perception building up, Treasury secretary P B Jayasundera said. “Although there is a perception that we have only Chinese assistance for development, the […]
” ranking
Oct 11, 2012 (LBO) – Sri Lanka expects to move up on an ease of doing business ranking compiled by World Bank group for 2013, a multilateral lender, the island’s central bank which has been involved in moves to improve the ranking said. A state or territory can move down on the rankings even without […]
Sri Lanka mine clearing boosted by Japan
Oct 11, 2012 (LBO) – Japan has give 96 million rupees (737,575) US dollars to clear mines in Sri Lanka’s former war zones where a civil war raged for 30-years until 2009, to help war refugees return to their former homes. The Japanese embassy in Colombo said the money will be used by Delvon Assistance […]
Sri Lanka Treasuries yields fall
Oct 10, 2012 (LBO) – Sri Lanka’s Treasuries yield fell at Wednesday’s auction with the 3-month yield falling as much as 37 basis points, data from the state debt office showed. The 6-month yield fell 33 basis points to 11.77 percent and the 12-month yield fell 19 basis points to 12. 48 percent. The debt […]
Sri Lanka bond rates rise to straighten inverted yield curve
Oct 10, 2012 (LBO) – Sri Lanka’s bond rates have risen by 40 to 50 basis points over two days almost ending an inversion of the yield curve where short term Treasuries yielded higher than longer term gilts. But expectations of lower inflation in the future, which can shift more short term money to the […]
Sri Lanka stocks close down 1.04 pct
October 10, 2012 (LBO) – Sri Lanka stocks closed down 1.04 percent Wednesday with several blue chip stocks losing ground. Commercial Bank slipped 0.20 cents to close at 111.80 rupees down 0.18 percent. DFCC Bank dropped 1.60 rupees to close at 115.20 rupees down 1.37 percent. Hatton National Bank closed at 113.00 rupees down 0.18 […]
‘s Views
Oct 10, 2012 (LBO) – Recent assaults on the judiciary are attacks on the people, a group of concerned citizens have said following attempts to intimidate one of the country’s last remaining independence commissions and the assault of its secretary a senior judge. “Attacks on judicial independence are attacks on the people,” Friday Forum, a […]
Regional trade forum in Sri Lanka to have SME focus
Oct 10, 2012 (LBO) – An Asia-Pacific trade forum to be held in Sri Lanka’s capital Colombo will have sessions focusing on small and medium enterprises and member of regional chambers in the island will take part, the island’s largest business chamber said. Local SME’s will have a special session to interact with speakers from […]
Sri Lanka stocks close down 0.24 pct
October 09, 2012 (LBO) – Sri Lanka stocks closed down 0.24 percent Tuesday with indices seeing sharp gains earlier in the day on news that the regulator has loosened credit and broker stock sales restrictions, brokers said Commercial Bank slipped 0.10 cents to close at 112.10 rupees down 0.09 percent. DFCC Bank dropped 1.40 rupees […]
Sri Lanka says travel to Tamil Nadu safe for citizens
Oct 09, 2012 (LBO) – Sri Lanka has lifted a travel advisory to the Indian state of Tamil Nadu that was imposed in the wake of a series of attacks by Tamil political groups on visiting pilgrims from the island. “People-to-people contact plays an important role in the multifaceted India-Sri Lanka relationship, especially in further […]