Author: lbostgadmin
Sri Lanka stocks end down 0.4-pct
Sept 28, 2011 (LBO) – Sri Lankan stocks closed weaker Wednesday after being stagnant for two days on rather thin turnover, brokers said. The main All Share Price Index fell 0.40 percent (27.01 points) to 6,710.67, while the more liquid Milanka index fell 0.47 percent (28.21 points) to close below the 5,000 mark at 5,999.28, […]
Sri Lanka bill yields steady
Sept 28, 2011 (LBO) – Sri Lanka’s Treasury bill yields edged up one basis points across maturities with the 3-month yield moving to 7. 15 percent, data from the state debt office showed. The 6-month yield moved one basis points to 7. 23 percent and the 12-month yield moved to 7. 31 percent. The debt […]
Sri Lanka rule of law seen key factor in luring investors
Sept 27, 2011 (LBO) – Sri Lanka must ensure that rule of law is maintained especially in commerce if it wants to be considered attractive to foreign investors, an economist said. Indrajit Coomaraswamy, former director of economic affairs at the Commonwealth Secretariat in London, said foreign investment has not picked up as anticipated despite the […]
More stimulus wrong answer to crisis: Merkel
BERLIN, September 27, 2011 (AFP) – German Chancellor Angela Merkel hit back Tuesday at those, including the United States, urging Europe to introduce new economic stimulus packages to boost demand and spend its way out of the crisis. “We need to combine economic growth with solid public finances … we are not in favour of […]
Sri Lanka July 2011 export earnings up 9.4%, tea down
Sept 27, 2011 (LBO) – Sri Lanka’s exports rose 9.4 percent to 958 million US dollars in July 2011 from a year ago although earnings from tea, its main agricultural export fell, the central bank said. Spending on imports shot up 58 percent to 1. 78 billion US dollars in July from the year before, […]
” needed on India trade deal
BRUSSELS, September 26, 2011 (AFP) – European Union trade commissioner Karel De Gucht warned Monday that a long-planned free-trade agreement between Europe and India is in trouble failing more “flexibility” from both sides. “We remain fully engaged on these negotiations,” the Belgian said after talks in Brussels among the EU’s 27 trade ministers. “But I […]
Rare pre-historic footprints found in Mexico
MEXICO CITY, September 27, 2011 (AFP) – Footprints from early humans that are between 4,500 and 25,000 years old have been discovered in a remote area of northern Mexico, researchers said Monday. The five footprints set in stone “are among the few impressions of the first inhabitants in the American continent found in Mexico,” the […]
Insider Dealing
Sept 28, 2011 (LBO) – Sri Lanka’s Securities and Exchange Commission said five employees of SMB Leasing, will be charged for insider dealing on the firm’s stock. The SEC said the employees had bought shares ahead of a rights and warrant issue by the company. Information on the rights issue had been made public on […]
‘s output
Sept 27, 2011 (LBO) – Sri Lanka’s tea production is unlikely to match last year’s levels given a continuing decline in crops owing to bad weather, a broker said. “In the mid grown areas on the eastern side, Namunukula and Passara, and Linugalla, and on the western slopes Kandy, Matale, Kurunegala and Madulkelle have recorded […]
Sri Lanka to start e-visa for 78 countries
Sept 27, 2011 (LBO) – Sri Lanka will start electronic visa approval for 78 countries with a online portal being opened after September 30, but Singapore and Maldives nationals will continue to be given on arrival visas at entry points, the island’s border agency said. The online visas could be applied through www.eta.gov.lk, Sri Lanka’s […]
Sri Lanka travel show planned in Canada
Sept 27, 2011 (LBO) – A travel show to boost tourism to Sri Lanka wil be held in Toronto, Canada where the bulk of existing tourist traffic is now directed to India and the Maldives, its organizers said. “There is a lack of packages to Sri Lanka with travel agents in North America compared to […]
Sri Lanka stocks becalmed
Sept 27, 2011 (LBO) – Sri Lankan stocks were becalmed for the second day Tuesday with turnover also lower than usual amind continued trade in shares that had drawn speculators, brokers said. The main All Share Price Index rose 0.02 percent (1.43 points) to 6,737.45, while the more liquid Milanka index rose 0.03 percent (1.77 […]