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Developing Asia remains the fastest growing region: ADB
Sep 25, 2014 (LBO) -Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies in the region move ahead with structural reforms, says a new Asian Development Bank (ADB) report. Slowing external demand has hurt some economies in the region but as a whole Asia and the […]
“‘s private sector credit growth is not healthy” says IASL Chairman
Sep 24, 2014 (LBO) – Sri Lanka Industrial association says despite conducive interest rates and stable inflation, the weakening of the islands ‘private sector credit growth is not healthy to achieve economic targets.Speaking further Jayasinghe said it is needed to have a sound and clear industrial policy frame work to increase the industry sector contribution […]
Sri Lanka rejects bids for 6-month treasuries
Sep 24, 2014 (LBO) – Sri Lanka has rejected bids for 6-month treasuries at an auction held Wednesday without calling any bid for three month, the government’s debt office said. The 12-month yield fell 37 basis points to 5.89 percent. The debt office which is part of the island’s central bank said 12.92 billion in […]
Sri Lanka stocks close down 0.1-pct
Sep 24, 2014 (LBO) – Sri Lanka’s stocks closed 0.09 percent lower with the losses in counters such as Commercial Leasing and Finance and Bukit Darah, brokers said. Ceylon Tobacco Company closed 5.00 rupees higher at 1,160.00 rupees and John Keells Holdings closed 90 cents higher at 254.80 rupees. Cargills Ceylon closed 2.80 rupees higher […]
Sri Lanka Anilana Resorts and Properties in right issue
Sep 24, 2014 (LBO) – Sri Lanka’s Anilana Hotels and Properties Limited is to issue 109,624,114 ordinary shares for its shareholders to raise money to settle an existing debt and to finance the balance construction of a hotel project in Dambulla Sri Lanka, the company said in a Colombo Stock Exchange announcement. The rights issue […]
’ support for a critical WTO call
Sep 24, 2014 (LBO) – The State of Qatar asks Sri Lanka’s supports towards its request to the World Trade Organization to deem natural gas and its derivatives as environmentally-friendly products, a media released issued by Ministry of economy and commerce said. We also look forward to more of Sri Lankan private sector contribution in […]
Sri Lanka stocks close higher
Sep 23, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher with telco and palm oil stocks gaining amid net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 4.23 points higher at 7,260.64, up 0.06 percent. The S&P SL20 closed 0.78 points lower at 4,030.09, down 0.02 percent. Turnover was […]
PAFFREL released provincial council Election Day report
Sep 23, 2014 (LBO) – Poll monitoring group the People’s Action for Free and Fair Elections (PAFFREL) said there are about seven incidents of violence including three serious incidents has been reported during the day of provincial council election which took place on 20th September, 2014. Election Department PAFFREL appreciates the efforts made by the […]
Sri Lanka GDP up 7.8 percent in the second quarter: Central Bank
Sep 23, 2014 (LBO) Sri Lanka economy recorded 7.8 percent of gross domestic product growth in the second quarter 2014 compared to the 7.6 percent reported in the first quarter of this year which led by performance in the industry sector, while the agriculture and the services sectors accompanied, the Central Bank said in its […]
Sri Lanka stocks close up 0.3-pct
Sep 22, 2014 (LBO) – Sri Lanka’s stocks closed in green with the price gains witnessed in Hemas Holdings and CT Holdings amid strong foreign buying, brokers said. Hayleys Mgt Knitting Mills closed 1.10 rupees higher at 19.80 rupees and First Capital Holdings closed 3.10 rupees higher at 45.40 rupees, attracting most number of trades […]
’s ruling party wins Provincial Council Election
Sep 22, 2014 (LBO) – Sri Lanka’s United Peoples Freedom Alliance, the ruling party in the island won the Uva Provincial Council Election with 19 seats while UNP, the main opposition secured 13 seats, data of Department of Election showed. Harin Fernando, UNP’s Uva Provincial Council candidate topped the preferential votes securing 173,993 votes and […]
Sri Lanka Central Bank Governor to hold a live twitter Q n A session
Sep 22, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal is to answer question from public on 24th Wednesday 2014 via twitter, a social network, a statement said.The live Q n A session will start at 10 am to 11 am (SL time) via twitter account of #askcbsl.