All Blogs
Sri Lanka shares end up 0.82-pct
Jan 04, 2011, (LBO) – Sri Lankan stocks closed higher Thursday with active trading seen in the poultry and index heavy stocks like JKH, brokers said. The All Share Price Index closed at 6,809.73, up 0.82 percent (55.42 points) while the more liquid Milanka index closed at 7,194.50, up 0.53 percent (38.15 points) according to […]
Port Prospects
Jan 07, 2011 (LBO) – The Sri Lanka Ports Authority (SLPA) plans to invite investors to make proposals for investments in the eastern port of Trincomalee where large tracts of land are available by March, its chairman Priyath Wickrama said. The port has a cement plant and flour mill. “In the future we will not […]
Close Eye
Jan 07, 2011 (LBO) – Sri Lanka’s central bank will keep a closer eye on conglomerates with interest in banks and finance companies, governor Nivard Cabraal said. Financial institutions connected to diversified conglomerates can have greater risks, requiring higher degree of supervision, he said in a speech on the central bank’s monetary policy for 2011. […]
Fresh Capital
Jan 07, 2011 (LBO) – The Colombo Stock Exchange has approved an application by The Finance Company, a troubled financed firm that is recovering after a run, for a public share issue to raise 1. 6 billion rupees for fresh capital, a statement said. The firm will issue 40 million ordinary voting shares at 40 […]
India stocks dive on interest rate concerns
MUMBAI, January 7, 2011 (AFP) – Indian stocks slumped for the fourth day running on Friday, shedding 2.44 percent on mounting fears that interest rates will be raised sooner than expected to curb the spiralling cost of food. The benchmark 30-share Sensex index ended 492.93 points lower at 19,691.81, a three-week low. Surging vegetable prices, […]
Sri Lanka expects renewal of lapsed US trade benefits
Jan 07, 2011 (LBO) – A United States trade facility allowing duty free Sri Lankan exports that lapsed is likely to be renewed with retroactive effect as has happened in the past, officials said. The US Congress has not renewed the Generalized System of Preferences (GSP) program before its conclusion of business and therefore GSP […]
Sri Lanka drops Jayasuriya, Vaas from WCup squad
January 7, 2011 (AFP) – Sri Lanka on Friday dropped veteran batsman Sanath Jayasuriya and bowler Chaminda Vaas from its 15-man squad for the World Cup that runs from February to April. Jayasuriya, a parliamentarian, and Vaas were part of the team that won the country’s sole World Cup in 1996, and had been included […]
Sri Lanka Treasuries yields steady
Jan 06, 2011 (LBO) – Sri Lanka’s short-term Treasury bill yields stayed largely steady at Wednesday’s auction with the government rolling ten billion rupees worth of maturing bonds, the debt office said. The yield on three-month bills stayed flat at 7. 24 percent while that on six-month bills fell to 7.33 percent from 7.35 percent […]
Sri Lanka shares end up 0.82-pct
Jan 04, 2011, (LBO) – Sri Lankan stocks closed higher Thursday with active trading seen in the poultry and index heavy stocks like JKH, brokers said. The All Share Price Index closed at 6,809.73, up 0.82 percent (55.42 points) while the more liquid Milanka index closed at 7,194.50, up 0.53 percent (38.15 points) according to […]
Highway Travel
Jan 06, 2011 (LBO) – An expressway linking the Sri Lankan capital Colombo to the south is nearing completion with one section expected to be open to the public by June this year, a statement said. Work on roads near three cricket World Cup venues is also being expedited to cater to the large numbers […]