Category: Commodity
Sri Lanka exports fell 5-pct in June, trade gap widens 6-pct
Sept 05, 2016 (LBO) – Sri Lanka’s exports fell 5.0 percent to 897 million US dollars in June 2016, while imports dropped a slower 0.2 percent to 1,676 million US dollars from a year earlier, official data showed. The trade gap further widened 6.0 percent to 779 million US dollars from a year earlier due to […]
Excise duty on diesel increased to Rs13 a litre; LIOC down 9.7 pct
Aug 26, 2016 (LBO) – Sri Lanka’s government has raised excise duty on diesel by 10 rupees a litre to 13 rupees, the Finance Ministry said in a statement. Although the excise duty on diesel was raised three days ago, no public announcement was made until Friday. The share price of LIOC fell to 37.80 […]
Sri Lanka’s CCPI inflation down 0.5-pct points in July 2016
July 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 5.5 percent in July 2016 from a year earlier, down from 6.0 percent in June with the inflation index gaining 0.2 percent in the month, the state statistics office said. Year on year inflation of Food Group has decreased from 8.2 […]
Asian shares edge up on Wall Street lead, pre-Fed nerves limit gains
TOKYO, July 27 (Reuters) – Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with caution ahead of the Federal Reserve’s policy decision capping gains. The safe-haven yen sat atop large gains as hopes for a large fiscal stimulus package out of Japan faded. MSCI’s […]
Sri Lanka consumer prices NCPI soars 6.4-pct in June
July 21, 2016 (LBO) – Sri Lanka’s inflation climbed for the fifth straight month in June after recording a fall of 0.7 percent in January, according to the National Consumer Price Index introduced in October last year with 2013 as the base. According to the Census and Statistics Department, inflation was 6.4 percent in June […]
Sri Lanka tea sees better demand at auction
Jul 14, 2016 (LBO) – Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea Brokers said in their latest report. “Overall quality of teas, both from the Western and Eastern planting districts showed an improvement and consequently recorded a price appreciation of Rs. 20/- […]
Asia stocks, sterling rise as Brexit anxiety abates
June 23 (Reuters) – Asian shares edged up and sterling stood close to its peak for the year on Thursday, as investors were cautiously optimistic that British voters would opt to remain in the European Union at a referendum later in the session. Two opinion polls published late on Wednesday, a few hours before […]
Oil futures fall as global growth, Brexit concerns weigh
TOKYO, June 14 (Reuters) – Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over global growth and overnight declines in stocks on the impending vote on Britain’s possible European Union exit. Brent crude oil futures slipped below $50 a barrel, falling 50 […]
Australian miner to drill for mineral samples in Puttalam, Sri Lanka
June 08, 2016 (LBO) – Australian miner Iluka Resources Ltd is expected to drill for mineral samples soon as it negotiates with the government for a mining license for ilmenite in Puttalam, Sri Lanka. “Iluka is currently assessing the development of a mineral sands deposit known as the Puttalam Quarry deposit. The Puttalam Quarry deposit […]
Sri Lanka tea sees better demand for low growns
Jun 02, 2016 (LBO) – Sri Lanka’s tea at auction offerings saw good demand low grown with overall volumes increased, Forbes & Walker Tea Brokers said in their latest report. “Overall Auction volume increased further and totaled a 7.6M/kgs. There was fair demand mostly at easier rates,” the report said. “Overall quality of teas on offer […]
Colombo inflation accelerates 4.8-pct in May 2016
May 31, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 4.8 percent in May 2016 from a year earlier, up from 3.1 percent in April 2016 with the inflation index gaining 2.4 percent in the month, the state statistics office said. For the month of May, on year to year basis, […]
EOIs called for geophysical surveys off Mannar, Cauvery Sri Lanka
May 23, 2016 (LBO) – Sri Lanka has called for expressions of interest from geophysical exploration companies to conduct gravity, gradiometry and magnetic surveys over the offshore Mannar and Cauvery basins of Sri Lanka. The Petroleum Resources Development Secretariat (PRDS) is seeking further data to strengthen its database of geophysical information on upstream petroleum sites […]