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Sri Lanka stocks close up 0.1-pct
Aug 28, 2014 (LBO) – Sri Lanka’s stocks close 0.10 percent higher on Thursday with index heavy John Keells Holdings gaining despite low foreign participation, brokers said. John Keells Holdings closed 3.90 rupees higher at 248.90 rupees, contributing most to the index gain. JKH’s W0022 warrants closed 10 cents higher at 69.20 rupees and its […]
Investment agreement
August 28, 2014 (LBO) -The Central Bank of Sri Lanka and the People’s Bank of China entered into a Bilateral Investment Agreement on Bond Investment on the 25th August 2014, which enables the Central Bank of Sri Lanka to further diversify its reserves management activities into Chinese Renminbi denominated assets. As a result, the Central […]
New Appointment
August 28, 2014 (LBO) – Sri Lanka’s Commercial Bank of Ceylon said K.M. Mahinda Siriwardana, Director General of Department of Fiscal Policy at the Ministry of Finance and Planning has been appointed non-executive director with immediate effect.Siriwardana is involved in activities related to tax policy, government revenue and overall macro-fiscal management in the Department of […]
Protection urged for Sri Lanka war crimes witnesses
COLOMBO, August 27, 2014 (AFP) – International rights groups have demanded protection for potential Sri Lankan witnesses at a UN-mandated war crimes investigation into the island’s ethnic war which ended five year ago.Six organisations in a joint letter expressed alarm over alleged intimidation, threats and reprisals against those likely to engage investigators probing the bloody […]
Sri Lanka Treasuries yields flat
Aug 27, 2014 (LBO) – Sri Lanka’s Treasuries yields were flat at Wednesday’s auction without accepting any bid for three months for the second straight session, data from the state debt office showed.The 6-month yield was unchanged at 6.28 percent and the 12-month yield unchanged at 6.30 percent. The debt office said 1,335 million in […]
Sri Lanka shares close down 0.4-pct
Aug 27, 2014 (LBO) – Sri Lanka’s shares close 0.41 percent lower Wednesday with oil palm and beverage stocks losing ground amid low foreign participation, brokers said. Lion Brewery Ceylon closed 32.00 rupees lower at 606.00 rupees and Nestle Lanka closed 31.70 rupees lower at 2,118.30 rupees. CT Holdings closed 6.70 rupees lower at 152.30 […]
’s to set up businesses in the island
Aug 27, 2014 (LBO) – Sri Lanka invites japan small and medium entrepreneurs to set up manufacturing facilities in the island to explore Indian and Pakistan markets, an official of Ceylon Chamber of Commerce said. As for imports Japan ranks at sixth supplying four percent of Sri Lanka’s total imports. The top three Lankan exports […]
Sri Lanka stocks close up 0.4-pct
Aug 26, 2014 (LBO) – Sri Lanka’s stocks continued to rise above the 7,000 mark with price gains witnessed in Richard Pieris and telco stocks amid strong foreign buying, brokers said. Richard Pieris closed 1.30 rupees higher at 9.10 rupees, contributing most to the index gain. Sri Lanka Telecom closed 60 cents higher at 54.60 […]
Sri Lanka stocks close down 0.3-pct
Aug 25, 2014 (LBO) – Sri Lanka’s stocks closed 0.34 percent lower with index heavy John Keells Holdings losing ground, brokers said. HVA Foods closed 1.50 rupees higher at 12.10 rupees, attracting most number of trades during the day. Foreign investors bought 567.51 million rupees worth shares while selling 122.41 million rupees worth shares. Index […]
Lower external funding needs buffer, EM Asia heading into US tightening : by Fitch
A year after the taper tantrum, emerging Asian sovereigns with the biggest external funding needs are generally reducing their degree of external vulnerability, although only modestly in most cases. Fitch projects Sri Lanka (BB-/Stable) will cut its gross external funding requirement (GXFR) the most between 2012 and 2014, relative to its foreign reserves, despite the […]
Cricket: Pakistan field against Sri Lanka in first one-dayer
HAMBANTOTA, August 23, 2014 (AFP) – Pakistan captain Misbah-ul Haq won the toss and sent Sri Lanka in to bat in overcast conditions in the first one-day international in Hambantota on Saturday.The tourists were without their top spinner Saeed Ajmal, who has flown to Australia to undergo tests of his bowling action after being reported […]
Sri Lanka stocks close higher
Aug 22, 2014 (LBO) – Sri Lanka’s stocks closed in a positive territory Friday with index heavy stocks gaining amid strong foreign selling, brokers said. The aggregate value of all off-the-floor deals represented 50 percent of the turnover. Taprobane Holdings closed 70 cents higher at 5.20 rupees and Lanka Century Investments closed 90 cents higher […]