Author: lbostgadmin
Sri Lanka Treasuries bill rates fall
Mar 25, 2015 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 3-month yield falling 19 basis points to 6.60 percent, data showed. The 6-month yield fell 17 basis points to 6.70 percent and the 12-month yield fell 19 basis points to 6.80 percent, data from the state debt office […]
Sri Lanka shares downturn continued following a mid-day crash
Mar 25, 2015 (LBO) – Sri Lanka’s shares dipped further on Wednesday with the benchmark index sinking below the 7,000 mark to a near seven-month low amid continuing political uncertainty, brokers said. The downturn in Sri Lanka’s stock market deepened with the Colombo benchmark All Share Price Index closing 24.90 points lower at 6,973.03, down […]
Sri Lanka’s govt. should start acting on LLRC recommendations soon to avoid international sanctions: State Minister
Mar 25, 2015 (LBO) – Sri Lanka is lucky it managed to postpone the vote at the Human Rights council and avoid possible international sanctions, newly appointed state Minister of Finance, Mahinda Samarasinghe said, Wednesday. “Some are saying the economy is down and the stock market is down, but they never think of the good […]
Sri Lanks’s stock market crashes in mid-day trading today
Mar 25, 2015 (LBO) -Today during mid-day trading All Share Price Index (ASPI) of Colombo Stock Exchange (CSE ) dropped below 7000.Informed sources say inconsistency in government policy and the fact that coalition partners do not seems to see eye to eye on many important matters are denting investor confidence.Analysts say the market dropped mainly […]
‘s govt. should start acting on LLRC recommendations soon to avoid international sanctions: State Minister
Mar 25, 2015 (LBO) Sri Lanka is lucky it managed to postpone the vote at the Human Rights council and avoid possible international sanctions, newly appointed state Minister of Finance, Mahinda Samarasinghe said, Wednesday. However he says, since transparency is the aim of the new government we should make these reports available for the people […]
Sri Lanka’s fashion retailer Odel buys Softlogic brands : Macro economic growth, tourism trend drives the decision
Mar 25, 2015 (LBO) – Sri Lanka’s Odel Plc, one of the island’s largest fashion retail outlets,acquired Softlogic group’s branded retailing unit for 599.9 million rupees looking at purchasing power of customers in the island, the company said in a stock exchange filling. The statement said, the action was taken in a move to integrate […]
Sri Lanka lacks skilled labor force to support socio- economic demands: Deputy Minister
Mar 25, 2015(LBO) – Sri Lanka needs to create a skilled labour force who will be able to compete with international markets in the phase of implementing new regime’s social market economy, Deputy Minister of Finance and Planning Harsha De Silva said.“We need a radical change in grade one admission in school and go beyond […]
‘s new regime’s political model to bring political stability without authoritarianism: Harsha De Silva
Mar 25, 2015 (LBO) – Sri Lanka’s new government is trying to create political stability without been authoritarian, a political model that Singapore followed, Deputy Minister of Policy Planning and Economic Affairs Harsha De Silva said. “If you look at Singapore, what you find is a government that was strong. But some people use that […]
Sri Lanka Treasuries bill rates fall
Mar 25, 2015 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 3-month yield falling 19 basis points to 6.60 percent, data showed. The 6-month yield fell 17 basis points to 6.70 percent and the 12-month yield fell 19 basis points to 6.80 percent, data from the state debt office […]
‘s finance minister threatens Gotabaya
Mar 24, 2015 (LBO) – Sri Lanka’s finance minister, Ravi Karunanayake has threatened to send a letter of demand to former defense secretary Gotabaya Rajapaksa for what he calls ‘false charges’ being leveled against him.In a media release issued on Tuesday by minister Karunanayake, he says he will send a letter of demand to Rajapaksa […]
Sri Lanka’s BOP records deficit of US $ 695.5mn: Central Bank
Mar 24, 2015 (LBO) – Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP deficit of 695.5 million US dollars in 2014 compared to a surplus of 732.9 million US dollars, a year earlier. Worker’s remittances declined 5.8 per cent to 523.5 million US dollars in January 2015 from a […]
Sri Lanka’s exports increase 0.6-Pct in Jan 2015: Central Bank
Mar 24, 2015 (LBO) – Sri Lanka’s export earnings rose 0.6 per cent to 910 million US dollars in January 2015 form a year earlier led by industrial exports, the Central bank said.Earnings from industrial exports increased by 0.9 per cent due to an increase in export of petroleum products, machinery and mechanical appliances and […]