Category: Economy and Markets
State sponsored sanitation services bound in caste relations: report
By Aftab Lall (Centre for Poverty Analysis) State sponsored provision of sanitation services in Jaffna, Sri Lanka are tightly bound in caste relations. Both Tamil and Sinhalese society groups that find themselves at the bottom of caste hierarchy continue to face socio-economic barriers in attempts to move out of poverty. In my study site in […]
‘s deal lifts mood
Dec 08, 2016 (Reuters) – Sri Lankan shares rose on Thursday as a stake buy in Commercial Credit and Finance Plc by a unit of Thailand’s Group Lease Plc lifted the mood while foreign investors bought domestic stocks and turned net buyers so far in the year. Group Lease Holdings Pte Ltd, a subsidiary of […]
President removes 19 Sinhala leaders from a list of traitors
After 198 years, President has removed 19 Sinhala leaders including Monarawila Keppetipola from a list of traitors recognizing them as Wellassa heroes. After 198 years, I cleared the names of Wellassa heroes including Monarawila Keppetipola. pic.twitter.com/HWXD4jBxWQ— Maithripala Sirisena (@MaithripalaS) December 8, 2016
World Bank to strengthen Sri Lanka’s social safety net
Dec 07, 2016 (LBO) – The World Bank Board has approved a US 75 million dollar credit from the International Development Association (IDA) to support Sri Lanka’s main welfare programs to develop an integrated system by better managing the selection, administration, and payments to beneficiaries. The project will contribute to improving the equity, efficiency and transparency […]
Thailand to launch stock exchange for startups
Dec 06, 2016 (LBO) – Thailand is launching a new stock exchange that caters to startups, according to a report by the Nikkei Asian Review. Companies could list on the very day they are established, even without any record of earnings, Kesara Manchusree, president of the Stock Exchange of Thailand (SET) said. For most startups, […]
Ceylinco Life’s income tops Rs 17 billion in nine months
Dec 06, 2016 (LBO) – Ceylinco Life has reported total income of 17.165 billion rupees for the nine months ending 30th September 2016, reflecting growth of 15.3 per cent over the corresponding period of last year. Premium income for the nine months improved by 11 per cent to 11 billion rupees, while investment and other […]
PTL Watch: Bond yields flat, some foreign selling
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Asia stocks bounce as risk appetite returns after Italy vote
HONG KONG, Dec 6 (Reuters) – Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy’s referendum was overdone, with robust U.S. economic data also helping sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.8 percent, its biggest daily rise […]
Sri Lanka *market update* ASPI close up 0.7-pct, T/over crosses Rs.1bn
December 05, 2016 The market closed today posting a turnover of LKR 1,023,118,342(USD 6.9mn) with the indexes moving up. ASPI closed at 6368.12 up 42.55 points (+0.67%) while the more liquid SP SL20 index closed at 3555.85 up 34.09 points (+0.97%). Crossings accounted for 21% of the turnover with three crossings in DFCC.N (LKR 168mn; […]
PTL Watch: Bond yields flat, local investors on sidelines
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Opinion: Jaffna, high literacy, low employment and lowest income. How come?
By Jekhan Aruliah Despite the Jaffna district having the second highest Literacy Rate in Sri Lanka, it does badly on employment and dismally on incomes. What’s up? I have heard it said here in Sri Lanka and abroad that unemployment is high in Jaffna because so many people don’t need to work. It is asserted […]
Asia stock funds see pockets of value after Trump sell-off
SINGAPORE, Dec 2 (Reuters) – Donald Trump’s shock election victory last month triggered a sell-off in Asian shares on heightened fears of protectionism – but for some investors, the selling marks an opportunity to buy into the region’s still compelling consumer story. Asian emerging market stocks lost 5.5 percent in the week after the […]