Author: lbostgadmin
Cricket: Tharanga on Caribbean ODI high for Sri Lanka
KINGSTON, July 2, 2013 (AFP) – Upul Tharanga plundered the highest individual score in a One-Day International in the Caribbean as Sri Lanka amassed 348 for one batting first against India in the third match of the Tri-Nation Series at Sabina Park on Tuesday.India did not help their cause in the field.Jayawardene was missed at […]
Tank Test
July 03, 2013 (LBO) – Sri Lanka’s state-run ports agency said it had begun testing a bunkering tank farm in at its newly built Hambantota port with a cargo of marine gas oil being unloaded.The tank farm has 08 tanks for marine fuel ranging from 3,000 cubic metres (two), 5,000 cubic metres (three) and 10,000 […]
Sri Lanka stocks down 0.4-pct
July 03, 2013 (LBO) – Sri Lanka’s stocks closed down 0.37 percent on Wednesday following gains of three straight days with losses in the diversified and consumer companies and some banking stocks, brokers said. The benchmark Colombo All Share Index closed 22.82 points higher at 6,117.97 and the S&P SL 20 Index closed 29.51 points […]
Sri Lanka Treasuries yields flat
July 03, 2013 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with only the 3-month yield easing one basis point to 8.65 percent, data from the state debt office showed.The 6-month yield was flat at 9.70 percent and the 12-month yield was also flat at 10.66 percent. The debt office said 579 […]
Sri Lanka budget deficit 3.9-pct of GDP up to April 2013
July 02, 2013 (LBO) – Sri Lanka has posted a budget deficit of 3.9 percent of gross domestic product for the first four months of 2013, against a full year target of 5.8 percent of GDP, finance ministry data showed. State revenues for the first four months was 326.6 billion rupees, up from 313.9 billion […]
”’s
July 02, 2013 (LBO) – Moody’s Investors Service has cut the outlook on Sri Lanka’s ‘B1’ credit rating to ‘stable’ from ‘positive’ on rising bank foreign debt and continuing budget deficits and high state debt.Related to the debt level was slowing economic growth. After growing 8.1 percent in 2010 and 2011, economic growth had since […]
India, Sri Lanka enter tri-nations fray
KINGSTON, July 1, 2013 (AFP) – India and Sri Lanka go in search of their first points of the Tri-Nation Series when they meet on Tuesday at Sabina Park as the preliminary phase of the competition reaches the halfway point.With the West Indies completing contrasting victories over the other two teams and already on their […]
Magazine Block
July 2, 2013 (AFP) – Sri Lanka has banned the July 1 issue of Time magazine because its cover story on Myanmar’s Buddhist-Muslim clashes could hurt religious sentiment on the island, an official said Tuesday.Customs department spokesman Leslie Gamini said the issue carrying a photo of a prominent Myanmar monk under the headline: “The Face […]
Cash Levels
July 02, 2013 (LBO) – Sri Lanka’s money markets were flooded with 35 billion rupees in excess cash after a cut in the statutory reserve ratio despite pre-emptive moves by the Central Bank to kill some liquidity.“But often liquidity is generated when the Central Bank buys dollar especially capital inflows to the government,” says fuss-budget. […]
Credit Rating
July 02, 2013 (LBO) – Fitch Ratings said it had given Sri Lanka’s National Development Bank a ‘B+’ international rating with a stable outlook. The SR and SRF are sensitive to the sovereign’s ability and propensity to provide timely support, particularly if the sovereign rating were to change. The SRF could be upgraded if NDB’s […]
Sri Lanka stocks close up 0.1-pct
July 02, 2013 (LBO) – Sri Lanka’s stocks closed up 0.13 percent on Tuesday making gains for the third straight day helped by diversified and consumer companies, brokers said. The benchmark Colombo All Share Index closed 08.04 points higher at 6,140.79 and the S&P SL 20 Index closed 14.77 points higher at 3,462.51 up 0.43 […]
Sri Lanka money market fund by Asset Trust
July 02, 2013 (LBO) – Sri Lanka’s Asset Trust Management (Pvt) Ltd, a fund management company said it has launched a money market mutual fund, which will invest in government and private fixed income securities.Among the people behind the firm is Wickrema Weerasooria, Mangala Boyagoda and Eastman Narangoda. Asset Trust Management is already managing a […]