All Blogs
Sri Lanka Treasuries yields up, amid monetization
Mar 03, 2010 (LBO) – Sri Lanka’s 3-month Treasury bill yields moved up 12 basis points to 8. 38 percent at Wednesday’s auction, but only a part of maturing bills was sold to real buyers, the government’s debt office said. By the first week of February the central bank’s Treasury bill stock had climbed to […]
Sri Lankan stocks close 1.22-pct down
Mar 03, 2010 (LBO) – Sri Lankan stocks closed down Wednesday as retail investors took profits ahead of the general elections, while institutional investors took strategic stakes in high valued companies, brokers said. The All Share Price Index closed at 3,774.03, down 46.63 points while the Milanka index of more liquid shares fell 1.61 percent […]
Offshore Prospects
Mar 03, 2010 (LBO) – Sri Lanka’s Colombo Dockyard, a listed ship builder, said it will deliver six vessels this year and will focus more on offshore work with the search for oil off the island’s north-west coast. More than half the yard’s business comes from India. Nakauchi also said exploration for oil and gas […]
Joint Action
Mar 03, 2010 (LBO) – Sri Lanka will host the 46th conference of governors of South East Asian Central Banks (SEACEN) and 30th meeting of the SEACEN Board of Governors in February 2011, the Central bank said. It said in a statement that at the last meeting held in February 2010 in Cambodia, governors discussed […]
South Asian governments urged to ease visa restrictions
Mar 03, 2010 (LBO) – Reducing visa restrictions and non-tariff barriers, and improving customs procedures are among a host of steps South Asian countries can take to boost private sector-led growth, the Asian Development Bank said. The report also highlights the need for South Asia to remove barriers to intra-regional investment, and to promote cross […]
Indian telecoms tycoon spooks investors with Africa move
NEW DELHI, March 3, 2010 (AFP) – Indian telecoms tycoon Sunil Bharti Mittal may be known for his Midas touch, but investors are questioning if his multi-billion-dollar bid to gain a foothold in Africa is a step too far. Mittal, chairman of Bharti Airtel, has seen shares of India’s biggest mobile firm tumble since he […]
‘s Ashok Leyland in small car talks: report
NEW DELHI, March 3, 2010 (AFP) – Japanese auto maker Nissan is in talks with India’s Ashok Leyland to develop a small car for the fast-growing Indian market, a report said Wednesday. The Business Standard newspaper quoted Nissan chief executive Carlos Ghosn as saying the group was looking for a new low-cost alliance in India […]
Sri Lanka Janashakthi Insurance gets selective to protect margins: official
Mar 03, 2010 (LBO) – Sri Lanka’s Janashakthi Insurance wants to walk-away from unprofitable clients to protect fast-eroding profit margins and reduce underwriting costs, while looking to expand in the former northern war zone, a senior official said. “If you have the right management information system you can pick and chose clients and that is […]
China leads Sri Lanka foreign lenders in 2009: fiscal report
Mar 03, 2010 (LBO) – China became the top donor to commit aid to Sri Lanka in 2009 lining up more than half the total with 1. 2 billion US dollars, though Japan was still slightly ahead in actual disbursements, a finance ministry report said. A pre-election fiscal report issued this week ahead of parliamentary […]
Warm winters distress reindeer herders in Russian Arctic
LOVOZERO, March 2, 2010 (AFP) – In a billowing cloud of white, Russia’s Arctic herders drive thousands of panting and wild-eyed reindeer through the knee-deep snow to the first slaughter this year. But warm winters in recent years have forced herders here in the far northern Kola Peninsula to delay for months the rounding up […]