Author: lbostgadmin
Financial Consolidation
Jan 02, 2014 (LBO) – Sri Lanka’s finance companies will be encouraged to merge with each other and banks and outside investors will be invited in a bid to strengthen capital deficient ones, Central Bank Governor Nivard Cabraal said. The regulator would like to see 58 non-bank financial institutions consolidated into 20 larger ones, he […]
Sri Lanka stocks close up 0.9-pct
Jan 02, 2014 (LBO) – Sri Lanka stocks end on a strong note Thursday with index heavy and diversified firms gaining despite net foreign selling, brokers said. DFCC closed 4.20 rupees higher at 133.20 rupees and Ceylinco Insurance closed 5.00 rupees higher at 1,345.00 rupees. HNB closed 1.00 rupee higher at 148.00 rupees. The Colombo […]
Sri Lanka Treasuries yield extend fall
Jan 01, 2014 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12-month yield falling 34 basis points to 7.95 percent, data from the state debt office showed. Analysts say if there are state payments arrears to private suppliers, who in turn owe money to banks, bank rates can take […]
‘s CPC breaks even in 2013: minister
Dec 31, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has reached break even status in 2013, after a 60 million US dollar legacy oil derivative cost that went against it, a minister said.Petroleum industries minister Anura Yapa said the agency is also collecting arrears from state agencies including Ceylon Electricity Board, SriLankan Airlines […]
Sri Lanka inflation at 4.7-pct in December 2013
Dec 31, 2013 (LBO) – Sri Lanka’s consumer prices rose 4.7 percent in the 12 months to December 2013, slowing from 5.6 percent in November, the state statistics office said.In the month of December the widely watched Colombo Consumer Price Index remained flat during the month at 176.5 points, the same as in November. Sri […]
Junaid, Bhatti destroy Sri Lanka in first cricket Test
ABU DHABI, December 31, 2013 (AFP) – Pacemen Junaid Khan grabbed five and Bilawal Bhatti took three wickets as Pakistan caught Sri Lanka napping at 167-8 at tea on the opening day of the first Test in Abu Dhabi on Tuesday.Pakistan strove hard for wickets in the first hour but wasted one review when they […]
Sri Lankan found dead on Maldives resort
MALÉ, December 30, 2013 (AFP) – A dead body has washed up at an exclusive island resort in the Maldives where English football star David Beckham is taking a hideaway Christmas holiday with his family, police said Monday.Investigations were underway to establish the cause of death of the man, whose body was found floating near […]
Sri Lanka stocks close 4.7-pct in 2013
Dec 31, 2013 (LBO) – Sri Lanka stocks end 0.23 percent higher Tuesday with banking and insurance firms gaining trading for 2013 and the market up 4.7 percent over the year, data showed. The Colombo benchmark All Share Price Index closed 13.58 points higher at 5,912.78, up 0.23 percent. The S&P SL20 closed 3.58 points […]
Oil Switch
Dec 30, 2013 (LBO) – Sri Lanka will start selling petrol with an Octane count of 92 from January 2014 and will discontinue 90-octane fuel, petroleum minister Anura Yapa said. Minister Yapa said state-run Ceylon Petroleum Corporation and the second player Lanka IOC will both sell 92-Octane petrol. There will be no change to retail […]
Acess Points
Dec 30, 2013 (LBO) – About 11.4 percent of households in Sri Lanka have internet access at home, with 9.2 percent accessing through other means with communications centres were playing a key role, official data shows. In Trincomalee 3.7 percent of households had internet access through Nanasala booths, followed by 3.6 percent in Ampara and […]
Sri Lanka stocks end 0.3-pct higher
Dec 30, 2013 (LBO) – Sri Lanka stocks close higher Monday with tobacco and diversified stocks gaining amid strong foreign buying on the board, brokers said. The Colombo benchmark All Share Price Index closed 22.54 points higher at 5,899.20, up 0.38 percent. The S&P SL20 closed 26.82 points higher at 3,267.45, up 0.83 percent. Turnover […]
Sri Lanka deports Indian reporter covering ex-warzone
COLOMBO, December 28, 2013 (AFP) – Sri Lanka on Saturday deported an Indian journalist arrested on a charge of working in the island’s former war zone without media credentials, police said. The 24-year-old, who was working for a magazine based in the Indian city of Chennai, was arrested on Christmas Day for photographing military installations […]