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”s Jubilant
April 26, 2012 (LBO) – India’s Jubilant FoodWorks Limited, regional franchise holder for Domino’s Pizza, is investing 300 million rupees in Sri Lanka in 2012, and would spend up to two billion rupees over the next five years to support growth, an official said. “We are extremely bullish on Sri Lanka, the economy has shown […]
Sri Lanka Treasuries yields edge up
Apr 25, 2012 (LBO) – Sri Lanka’s Treasuries yields rose 20 basis points across maturities at Wednesday’s auction with the 12 month yield reaching 12. 16 percent, the state debt office said. The 6-month yield also topped 12. 0 percent to reach 12.05 percent and the 3-month yield reached 11. 93 basis points. The debt […]
Sri Lanka central bank probes forex dealers
Apr 25, 2012 (LBO) – The central bank will take action against dealers who are engaging speculative deals in forex markets without underlying transactions, Central Bank Governor Nivard Cabraal said. “We are now investigating into some speculative deals,” Cabraal said. He said banks are not expected to buy dollars without underlying transactions to back them. […]
Sri Lanka getting strong inflows, space to support oil bills if needed: CB Governor
Apr 25, 2012 (LBO) – Sri Lanka’s rupee will be supported by inflows which are expected to be sold in the market ending current speculation and the Central Bank has space to provide dollars for oil if needed, Governor Nivard Cabraal said. Governor Cabraal said the Central Bank was ready to supply dollar for oil […]
Sri Lanka rupee edges lower
Apr 25, 2012 (LBO) – Sri Lanka’s rupee was quoted at a new low of 132.80/133.20 against the US dollar edging down to a new low in mid morning trade Wednesday amid some buying pressure, dealers said. Dealers said trades were seen around 132.80/85 levels, down from 132.20 a day earlier as some exporters held […]
Sri Lanka lures another cruise line
Apr 25, 2012 (LBO) – Sri Lanka is getting more cruise ship calls after the end of its 30-year war with the latest being the vessel MV L’Austral operated by the French cruise line Compagnie du Ponant, a statement said. The cruise vessel, owned by CMA CGM, the third largest container shipping line, made her […]
Growth Spurt
April 25, 2012 (LBO) – Demand for office space in the Sri Lanka’s capital Colombo is tipped to more than double over five years, led by information technology related firms and the financial sector, a property services specialist has said. The newly opened Sri Lanka unit of Jones Lang LaSalle, an international property services company […]
Sri Lanka to get weather based agri-insurance: IFC
Apr 25, 2012 (LBO) – International Finance Corporation (IFC), a World Bank arm that finances private firms said it was developing weather-based agricultural insurance for Sri Lanka with a micro-insurer. IFC said it was helping Sri Lanka’s SANASA Insurance to develop ‘weather index insurance’ to reduce losses to farmers from floods or droughts. “These insurance […]
Sri Lanka rupee hits new low
Apr 24, 2012 (LBO) – Sri Lanka’s rupee hit a new low of 132. 20 against the US dollar in the spot market mid-morning trade Tuesday dealers said, as money markets remained liquid and overnight interest rates were below a recently hiked policy rate. The rupee was quoted at 132.10/40 in mid-morning trade after opening […]
Sri Lanka shares end down 0.2-pct
April 24, 2012 (LBO) – Sri Lankan shares closed weaker Tuesday in lacklustre trading with turnover remaining low and interest mainly on low value speculative stocks, brokers said. The main All Share Price Index fell 0.24 percent (13.28 points) to 5,441.78, while the more liquid Milanka index fell 0.35 percent (16.94) to close at 4,888.85. […]