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Sri Lanka stocks close up 0.3-pct
Jan 12, 2011(LBO) – Sri Lankan stocks closed 0. 3 percent higher Wednesday with Colombo’s benchmark index topping the 7,000 mark, brokers said. Over 3.8 million Odel shares changed hands and the stock closed at 49. 50, up 1.90 while index heavy John Keells Holdings closed at 295.10, up 0.10 cents with over 625,000 done. […]
Sri Lanka tourist arrivals up 46.1-pct in 2010
Jan 12, 2011 (LBO) – Sri Lanka’s tourist arrivals in December 2010 rose 48. 8 percent to 84,627 from a year earlier, driven by sharp increases from traditional European markets seen due to the winter season, official data showed. Tourists from Denmark, Finland and Sweden saw increases of over one hundred percent during the month. […]
Normal Rule
January 12, 2011 (AFP) – Sri Lanka’s opposition Wednesday demanded an end to emergency law ahead of local elections in March, saying there was no reason for restrictions two years after the end of the island’s conflict. More than 300 municipal, urban and village councils will be elected in March for the first time since […]
Sweeping Raids
GENEVA, January 11, 2011 (AFP) – Swiss police Tuesday raided several properties and arrested ten Tamil Tiger rebels, accusing them of involvement in a criminal group as well as money laundering, the attorney-general’s office said. “To disguise the true origin of the funds, they were invested in companies with connections to the LTTE conducting legal […]
Sri Lanka shares end up 1.1-pct
Jan 11, 2011(LBO) – Sri Lankan stocks closed close up 1.1 percent Tuesday with active retail trading, brokers said. The All Share Price Index closed at 6,992.71, up 1.1 percent (75.86 points) while the Milanka Price Index of more liquid stocks closed at 7,314. 70, up 0.45 percent (32.75 points) according to stock exchange provisional […]
Toyota unveils family of Prius hybrids
DETROIT, January 10, 2011 (AFP) – Toyota unveiled new siblings for its popular Prius hybrid Monday, introducing a brand new midsized wagon, a plug-in, and a compact Prius at the Detroit auto show. The family was launched as Toyota struggles to rebuild its once-stellar reputation after it was rocked by a series of mass recalls […]
Sri Lanka floods worsen, toll hits 12
January 10, 2011 (AFP) – Heavy rains lashed Sri Lanka’s central and eastern regions Monday with the death toll from mudslides rising to 12 and 900,000 people driven out of their flooded homes, officials said. The island’s two main monsoon seasons run from May to September and December to February. Military helicopters were deployed to […]
Sri Lanka cuts policy rates, amid lower deficit
Jan 11, 2010 (LBO) – Sri Lanka’s central bank cut its policy rate at which excess cash is drained from the market 25 basis points to 7.0 percent, while inflation hovered at 6. 9 percent in December. The government has also cut taxes on some foods, the central bank said. Earlier this month the military […]
Sri Lanka stocks close up 0.3-pct
Jan 10, 2011(LBO) – Sri Lanka benchmark index closed 0.36 percent higher Monday with active retail trading, broadbased gains, brokers said. Dialog Axaita shares closed at 11.80, down 0.20 cents with over six million shares done. The All Share Price Index closed at 6,916.63, up 0.36 percent (24.67 points) while the Milanka Price Index of […]
Asset Value
Jan 10, 2011 (LBO) – The Finance Company, is looking to raise 1.6 billion rupees of fresh capital is expecting to return to profits by March 2012 helped by lower interest rates and an improving land market, a senior official said. “Interest rates in Sri Lanka dropped and almost came to a single digit and […]