Author: lbostgadmin
Northern Banking
Jan 21, 2010, JAFFNA (LBO) – A bank specializing in lending to Sri Lanka’s war torn north of the island will be set up Central Bank governor Nivard Cabraal told a forum in the island’s Jaffna peninsular. This week Cabraal also opened a branch of DFCC Bank in Jaffna, also a ‘development bank’ at one […]
Sri Lankan stocks close 0.36-pct down
Jan 21, 2010 (LBO) – Sri Lanka stocks closed lower Thursday as small investors took profits on high value stocks and bought low value counters, while next week’s presidential polls loomed large on the horizon, brokers said. The All Share Price Index closed at 3,519.71, down 12.70 points, while the Milanka index of more liquid […]
Sri Lanka Treasuries yields marginally up
Jan 21, 2010 (LBO) – Sri Lanka’s Treasury bill yields edged up marginally across maturities at Wednesday’s auction, the government’s debt office said. The 3-month yield rose 02 basis points to 7.86 percent, the 6-month yield also moved up 04 basis points to 8.86 percent and the 12-month yield moved up 03 basis points to […]
‘s group writes to presidential front runners
Jan 20, 2010 (LBO) – A Sri Lankan citizen’s group has written to the two main candidates running for next weeks polls asking for more attention to the island’s minority groups and constitutional reforms to promote equality to all citizens. “We note with distress a major lacuna in both manifestos,” the group, Friday Forum said […]
Sri Lanka exports fall 5.0-pct in November
Jan 20, 2009 (LBO) – Sri Lanka’s exports fell 5.0 percent in December from a year earlier, with industrial exports falling 12.2 percent, though agricultural exports were up 23.7 percent, the Central Bank said. During the 11 months to November exports were down 14.7 percent to 6,361.1 million US dollars, imports were down 31. 9 […]
Sri Lanka to get solar power plant from Korea
Jan 20, 2010 (LBO) – Sri Lanka is getting a 500 kiloWatt solar power plant from Korea which will be built in Hambantota in the south of the island and used to gain more knowledge on operating the technology , officials said. The plant will be run by the Sri Lanka Sustainable Energy Authority, which […]
Giant, leaping Asian carp threaten US Great Lakes
CHICAGO, January 20, 2010 (AFP) – Huge Asian carp, which act like “aquatic vacuum cleaners” and leap into the air when spooked by motorboats, may have invaded the US Great Lakes despite a massive effort to block them, officials said Tuesday. Researchers analyzing water samples have discovered fragments of Asian carp DNA in Lake Michigan, […]
Pacific Refuge
WELLINGTON, January 19, 2010 (AFP) – New Zealand has agreed to take 13 Sri Lankan refugees who spent weeks refusing to leave an Australian customs boat in Indonesia last year, the government said Tuesday. New Zealand originally did not want to take any of the Tamil refugees who refused to leave the Oceanic Viking, but […]
Sri Lanka dairy farmers get US lift
Jan 20, 2010 (LBO) – Dairy farmers in eastern Sri Lanka will get technical help to improve milk production and also be linked to agri-business firms, in a program supported by the United States. The US Agency for International Development (USAID) has signed a deal with Manmunai West Livestock Breeders Cooperative Society to increase the […]
Sri Lankan stocks recover losses
Jan 20, 2010 (LBO) – Sri Lankan shares closed 1.4 percent higher Wednesday recouping some of the losses made over the past two days as investors kept a close eye on presidential polls due early next week, dealers said. With occupancy rates going up their is renewed interest in the leisure sector, brokers said. Aitken […]
Sri Lanka foreign reserves US5.2bn in November
Jan 20, 2010 (LBO) – Sri Lanka’s foreign reserves reached 5,228 million US dollars by end November 2009, which was equal to 6.4 months of imports, the Central Bank said. In 2009 the trade deficit was 2,468.5 million US dollars and remittances were 567 million US dollars higher. With the balances of the Asian Clearing […]
Sri Lanka holds policy rates steady
Jan 19, 2010 (LBO) – Sri Lanka’s central bank said it was keeping its main reverse repurchase policy rate at which money is injected to markets steady at 9. 75 percent, though inflation has started to pick up. “Though some volatility has been observed in the short term money market rates in recent weeks, market […]