Category: Economy and Markets
Sri Lanka’s economy should be driven through investment and FDI: Eran Wickramaratne
Apr 01, 2015 (LBO) – Sri Lanka’s new government plans to drive the economy forward through investment and foreign direct investment (FDI) unlike the previous regimes strategy of public investment and foreign debt, deputy Minister of highways, higher education and investments promotions, Eran Wickramaratne said. “Clearly our government’s view is that the future of this […]
‘s inflation declines further to 0.1-pct in March 2015: Central Bank
April 01, 2015 (LBO) – Sri Lanka inflation declined to 0.1 percent in March 2015 from 0.6 percent in February on year-on-year basis as a result of the moderation of food prices during the month, the Central Bank said in a media release.The data measured by the change in the Colombo Consumers’ Price Index (CCPI) […]
Sri Lanka’s political parties should agree on a common long-term plan: PM
Mar 31, 2015 (LBO) – Sri Lanka’s politicians and parties should think of a common long-term plan to pursue its vision of becoming a successful knowledge based economy in the region, Prime Minister Ranil Wickremesinghe said.“We have to agree on a common 20 year plan to drive the island towards a knowledge based economy through […]
Sri Lanka stocks close up 1.4-pct; JKH rings the opening bell
Apr 01, 2015 (LBO) – Sri Lanka’s stocks closed higher for the second consecutive day with telco and tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 95.74 points higher at 6,916.08, up 1.40 percent. The S&P SL20 closed 48.24 points higher at 3,900.67, up 1.25 percent. […]
‘s inflation at record low of 0.1-pct in March
Mar 31, 2014 (LBO) – Sri Lanka’s consumer prices falls to 0.1 percent in March 2014 from a year earlier, against the 0.6 percent in February, the central bank said. The Colombo Consumer Price Index dropped 0.4 percent in the month, after dropping from 2.3 percent in February. The Index dropped 0.4 percent in the […]
Sri Lanka’s stocks close up 0.6-pct
Mar 31, 2015 (LBO) – Sri Lanka’s shares were up Tuesday following days of negative trading with investors taking profit in banking and index heavy counters, brokers said. The Colombo benchmark All Share Price Index closed 37.91 points higher at 6,820.34, up 0.56 percent. The S&P SL20 closed 19.90 points higher at 3,852.43, up 0.52 […]
Sri Lanka T- bill yields down: Central Bank
Mar 31, 2015 (LBO) – Sri Lanka’s The weekly primary auction for the week ending 02 April 2015 for the re-issue of Rs.19, 000 million maturing Treasury bills was held today, the debt office which is part of the island’s central bank said. Treasury bill yields were down on Tuesday’s auction with the 12-month yield […]
Sri Lanka T- bill yields down: Central Bank
Mar 31, 2015 (LBO) – Sri Lanka’s The weekly primary auction for the week ending 02 April 2015 for the re-issue of Rs.19, 000 million maturing Treasury bills was held today, the debt office which is part of the island’s central bank said.Treasury bill yields were down on Tuesday’s auction with the 12-month yield down […]
Sri Lanka’s stocks close down 1.3-pct
Mar 30, 2015 (LBO) – Sri Lanka’s shares were down Monday with the benchmark index continuing to drop dragged down by banking and index heavy counters, brokers said. The Colombo benchmark All Share Price Index closed 86.42 points lower at 6,787.10, down 1.33 percent. The S&P SL20 closed 68.81 points lower at 3,832.53, down 1.76 […]
Sri Lanka sells Rs25.4bn in 5 and 10 year bonds
Mar 30, 2015 (LBO) – Sri Lanka has sold 25.4 billion rupees of five and ten year bonds after calling bids for 25 billion rupees of bonds, the state debt office said. The debt office on Monday sold 5.26 billion rupees of five year bonds maturing on 01 June 2020 at weighted average yield of […]
‘s new regime calls everyone to engage in share market activities and participate in wealth creation: Harsha De Silva
Mar 30, 2015 (LBO) – Sri Lanka’s new government wants every household to benefit from the country’s share market, deputy minister of policy and finance planning, Harsha De Silva said. “We want an asset holding middle class; we do not want the share market to be the property of 200 people.” ” De Silva said. […]
Sri Lanka to grow as a knowledge based economy: Doors open for private sector : Eran Wickramaratne
Mar 30, 2015 (LBO) – Sri Lanka’s future should be based on a knowledge based industry which will enable the Island to attract more investors, deputy Minister of highways, higher education and investments promotions, Eran Wickramaratne said. “One of the challenges for investors in Sri Lanka is access to skilled labour and the island’s education […]