Category: Economy and Markets
Sri Lanka’s Treasury bill yields drop: Central Bank
May 06, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with the 12-month yield dropping 04 basis points to 6.35 per cent, data from the state debt office showed.It was decided to accept 10,762 million rupees from the auction of 12 month yield.Data showed that 6-month yield was down, six […]
Sri Lanka’s Treasury bill yields drop: Central Bank
May 06, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with the 12-month yield dropping 04 basis points to 6.35 per cent, data from the state debt office showed.Treasury bills of 3,000 million rupees for 3 months, 7,000 million rupees for six months and 15,000 million rupees for twelve months […]
“Investing in stock market is risky business”: Ceylon Tobacco Company
May 05, 2015 (LBO) – Sri Lanka’s Ceylon Tobacco Company said even though investing in the stock market is a risky business, returns are high.“Investing in the stock market is a risky business, but you can get a high return if you understand what you are doing and invest in the right companies,” Felicio Ferraz, […]
Sri Lanka stocks close up 0.32-pct
May 05, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.32 per cent, with the banking and apparel sector stocks trading actively, brokers said. The Colombo benchmark All Share Price Index closed 23.11 points higher at 7,202.11 up 0.32 per cent. The S&P SL20 closed 10.71 points higher at 4,064.16 up 0.26 per cent. […]
Sri Lanka should strive for better balance between social development and wealth creation: Economist
May 05, 2015 (LBO) – Sri Lanka has good social development indicators but lack the appropriate balance between social development and wealth creation, a senior economist said. “Sri Lanka has been extremely successful in terms of social development according to the United Nations Millennium Development Goals (MDGs) but has not been able to achieve the […]
Sri Lanka to maintain mid-single digit inflation levels till end 2015: Central Bank
May 5, 2015 (LBO) – Sri Lanka is expected to maintain single digit inflation until end 2015 and inflation is expected to be maintained in the range of 3-5 per cent in the medium term, Central Bank annual report 2014 said. Meanwhile, annual consumer price inflation is projected at 3.0 per cent in 2015 and […]
Sri Lanka’s BOI to undergo culture and thinking pattern change to up investment
May 05, 2015 (LBO) – Sri Lanka’s investment promotion office, Board of Investment plans to change its culture and thinking pattern to fast track the investment approval procedure in the Island.“What we are trying to change is the overall thinking pattern and the culture where we present ourselves more like a facilitation agency than a […]
Sri Lanka to develop a new policy for investment: BOI Chief
May 05, 2015 (LBO) – Sri Lanka’s Board of Investment said, that it is developing a new policy framework for investments with the help of a panel of experts. “We are in the process of creating an economic investment policy for Sri Lanka,” Upul Jayasuriya, Chairman of BOI told reporters at a briefing held last […]
‘s Central Bank to open a regional office in Kilinochchi
May 04, 2015 (LBO) – The Central Bank of Sri Lanka will be opening its regional office in in Ariviyal Nagar, Kilinochchi on 06th of May, a statement said. The bank will declared open by Minister of Resettlement, Reconstruction and Hindu Affairs D M Swaminathan and Deputy Minister of Policy Planning, Economic Affairs, Child, Youth […]
Sri Lanka stocks close up 0.08-pct
Apr 30, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.08 percent with the banking sector stocks trading actively, brokers said. The Colombo benchmark All Share Price Index closed 5.63 points higher at 7,179.00 up 0.08 per cent. The S&P SL20 closed 5.01 points higher at 4,053.45 up 0.12 per cent. “The day’s trading […]
‘s inflation stable at 0.1-pct in April
Apr 30, 2015 (LBO) – Sri Lanka’s consumer prices rose 0.1 percent in April 2015 from a year earlier, against the 0.1 percent recorded in March, the central bank said.The Colombo Consumer Price Index accelerated 0.2 percent in the month, after recording a 0.4 percent negative acceleration in March. The Index gained 0.4 points in […]
Sri Lanka’s BOI sign MOU with UK publishing firm
Apr 30, 2015 (LBO) – Sri Lanka’s Board of Investment signed a memorandum of understanding with Oxford Business Group (OBG), a publishing firm in United Kingdom yesterday to publish a report on investment opportunities and current drivers of economic growth in the Island. “Over past few months OBG was receiving invites from our core clientele […]