Author: lbostgadmin
Sri Lanka stocks closed down 0.39 pct
October 17, 2012 (LBO) – Sri Lanka stocks closed down 0.39 percent Wednesday recording the lowest turnover in two months. The Colombo All Share Index closed at 5,586.40 down 21.73 points and the S & P SL 20 Index closed 19.61 points lower at 3,017.33 down 0.65 percent. Turnover was 372 million rupees, the lowest […]
Sri Lanka Treasuries yield up at auction
Oct 17, 2012 (LBO) – Sri Lanka’s Treasuries yields edged up slightly at Wednesday’s auction with the 12 month yield rising 07 basis points to 12. 39 percent, data from the state debt office showed. The 03 month yield rose 03basis points to 10. 66 percent and 06-month yield rose 06 basis points to 11. […]
” debate meaningless: IMF Rep
Oct 16, 2012 (LBO) – Debating whether Sri Lanka’s rupee is ‘overvalued’ is a wasteful exercise as models used to determine some intrinsic value of an exchange rate are not worth the paper they are written on, an International Monetary Fund official said. “Economists – we – have these models,” IMF’s resident representative Koshy Mathai […]
‘s second international airport welcomes first aircraft
Oct 16, 2012 (LBO) – A Beechcraft Super King Air, belonging to Pakistan’s civil aviation authority has landed in a newly built runway at the second international airport in Mattala in Southern Sri Lanka, the state information office said. The information office quoted Saliya Wickramasuriya, chairman of Sri Lanka’s airports agency as saying the aircraft […]
Bhutan office to be opened by ADB amid expanded lending
Oct 16, 2012 (LBO) – Asian Development Bank, a regional multilateral lender said it will open an office in the South Asian nation of Bhutan in early 2013 with economic growth expected to reach 8.4 percent in the current year. “To understand Bhutan’s needs, and the development challenges it faces, ADB needs an on-the-ground presence,” […]
Sri Lanka hotel gets US$10mn IFC loan
Oct 16, 2012 (LBO) – International Finance Corporation, a World Bank group unit will loan 10 million US dollars to Sri Lanka’s Soflogic group to renovate a hotel in the island’s South Western beach. The will be used to renovate and expand Ceysands Hotel, a 66-room hotel in Bentota into a 166 room 4-star resort, […]
Sri Lanka stocks closed down 0.81 pct
October 16, 2012 (LBO) – Sri Lanka stocks closed down 0.81 percent Tuesday with several blue chips losing ground. The Colombo All Share Index closed at 5,608.13 down 45.67 points and the S & P SL 20 Index closed 18.92 points lower at 3,036.94 down 0.62 percent. Turnover was 515 million rupees. Top contributors to […]
Slovakia seeks business with Sri Lanka
Oct 15, 2012 (LBO) – Slovakia’s envoy to India Marian Tomasik will make a presentation on opportunities in his country to Sri Lankan business at the Ceylon Chamber of Commerce on October 17, the trade chamber said. Slovakia is a landlocked nation in Central Europe with a population of over five million and a gross […]
Sri Lanka hikes renewable energy tariffs by over 20-pct
Oct 15, 2012 (LBO) – Sri Lanka has hiked purchase tariffs for most renewable energy fuels by over 20 percent with a flat 20-year rate for new mini-hydro plants built in 2013, up 28 percent amid steep currency depreciation, a tariff decision by the regulator showed. Sri Lanka’s Public Utilities Commission had used an exchange […]
Sri Lanka has to pay more attention to pricing energy: officials
Oct 16, 2012 (LBO) – Sri Lanka has to take actions to diversify the country’s energy mix and pay more attention to pricing energy and cut losses in state energy enterprises to keep the economy stable, top officials said. State-run Ceylon Petroleum Corporation ran up losses as it subsidized state-run Ceylon Electricity Board. The CEB […]
Sri Lanka stocks closed down 1.47 pct
October 15, 2012 (LBO) – Sri Lanka stocks closed down 1.47 percent Monday with most blue-chips trading below previous closing prices. Coco Lanka fell with investors giving thumbs down to a cash call to move into fast moving consumer goods retailing. The Colombo All Share Index closed at 5,653.80 down 84.44 points and the S […]
Sri Lanka Sampath Bank to limit 16.5-pct debentures
Oct 15, 2012 (LBO) – Sri Lanka’s Sampath Bank which offered 1. 5 billion rupees of debentures in three types coupons has said that applications for 16.5-pct fixed rate securities will only be partially filled. Those who had applied for over 100,000 will get 100,000 debentures and the balance will be prorated. Samapath offered one […]