Author: lbostgadmin
Sri Lanka stocks close up 0.2-pct
Apr 29, 2014 (LBO) – Sri Lanka’s stocks close up 0.23 percent Tuesday with diversified John Keells Holdings gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 14.31 points higher at 6,186.25 up 0.23 percent. The S&P SL20 closed 10.98 points higher at 3,405.32, up 0.32 percent. Turnover was […]
Sri Lanka Treasuries yields steady
Apr 29, 2014 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with 12-month yield unchanged at 7.02 percent, date from the state debt office showed.The debt office sold 3.9 billion rupees of 6-month bills, 7.4 billion rupees of 12 month bills totaling 11.3 billion rupees after offering 15.0 billion rupees of maturing […]
Sri Lanka fixed income fund earns 15.49-pct
Apr 29, 2014 (LBO) – Sri Lanka’s First Capital Asset Management (FCAM) said its fixed income fund returned 15.49 percent net of tax in 2013. The fund invests in Treasuries and corporate debt.The First Capital Wealth Fund, said had 849,223 units. Unit of the First Capital Wealth Fund, had a managers buying price of about […]
Sri Lanka firms could gain from cloud computing: SAP
Apr 28, 2014 (LBO) – Companies in Sri Lanka, especially smaller ones, could avoid capital expenditure by using cloud computing to run anything from accounting to procurement and analyze social media, SAP, an information technology firm said. A company could separately purchase services such as accounting, human resources, marketing and sales and procurement, as needed, […]
‘s EPF, ETF: report
Apr 28, 2014 (LBO) – Sri Lanka is making fresh attempts to prevent private sector workers from withdrawing their retirement contributions once they reach 55 years of age, a media report said.The Sunday Times newspaper quoting an un-named official source said the Finance Ministry is drafting legislation to change the governing acts of the Employee’s […]
” rating confirmed, foreign debt, deficits high: Fitch
Apr 28, 2014 (LBO) – Fitch Ratings has confirmed a ‘BB-‘ rating on Sri Lanka with a stable outlook on strong economic growth but said state debt was over twice that of similar rated countries and foreign debt three times as much. “The 2014 budget signals commitment to medium-term debt reduction to maintain a gradual […]
Religious Police
COLOMBO, April 28, 2014 (AFP) – Sri Lanka police Monday announced a new unit to investigate religious hate crimes after attacks by Buddhist monks on churches and mosques last year raised concerns about religious freedom.Police Inspector-General N. K. Illangakoon said the new unit would swiftly investigate any complaint relating to “religious matters” on the majority […]
Sri Lanka stocks end higher
Apr 28, 2014 (LBO) – Sri Lanka’s stocks end 0.07 percent higher amid net foreign buying on the board, brokers said. DFCC Bank closed 1.60 rupees higher at 159.30 rupees and NDB Capital Holdings closed 75.80 rupees lower at 461.20 rupees. Ceylon Tobacco Company closed 50 cents lower at 1,065.00 rupees and John Keells Holdings […]
India test-fires anti-ballistic missile
NEW DELHI, April 27, 2014 (AFP) – India successfully test-fired a new anti-ballistic missile on Sunday in a step towards developing a missile defence system which only an elite club of countries has built.India, which shares borders with arch-rival Pakistan and giant China, both of whom are nuclear-armed, is developing the system that aims to […]
Port Office
Apr 27, 2014 (LBO) – Sri Lanka has been invited to set up a trade office at strategic Chinese-run Gwadar port in Pakistan after a delegation from Pakistan met President Mahinda Rajapaksa, his office said.“The port is a part of a larger effort by Pakistan to establish a Pakistan-China economic corridor,” the President’s media office […]
Sri Lanka should clean up its act while resisting external probe: political analyst
Apr 26, 2014 (LBO) – Sri Lanka should improve rights of citizens while resisting an international inquiry planned into alleged war crimes by UN’s Human Rights Council and also strengthen relations with India, a political analyst said.“The international inquiry has to be resisted because it has no precedent,” Dayan Jayatillaka, former diplomat and political analyst, […]