Category: Economy and Markets
‘s Stat Dept
Nov 11, 2014 (LBO) – Sri Lanka will see a new inflation basket stating from next year eliminating the Colombo Consumers Price Index (CCPI), a top official at the country’s statistics office told LBO in an interview. We are going to change the inflation basket next year and introduce a national index covering all the […]
Sri Lanka launches floating restaurant at Wetland Park
Nov 11, 2014 (LBO) – Sri Lanka launched a new floating restaurant at the Wetland Park in Nawala, Colombo yesterday, a media report said.The Urban Wetland Park popularly known as ‘Weli Park’ completed under the Colombo Development Programme was aimed at flood retention and control while providing a people friendly setting for the general public […]
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Nov 11, 2014 (LBO)- Fitch Ratings Lanka has assigned Sampath Bank PLC’s proposed subordinated debentures of up to seven billion rupees an expected National Long-Term Rating of ‘A+(lka)(EXP)’, the rating agency said in a media statement. The debentures, which will have tenors of five years and carry fixed coupons, will be listed on the Colombo […]
Sri Lanka stocks close higher
Nov 11, 2014 (LBO) – Sri Lanka’s stocks closed with mixed results amid foreigners remained active closing as net buyers, brokers said. The Colombo benchmark All Share Price Index closed 9.34 points higher at 7,412.72, up 0.13 percent. The S&P SL20 closed 0.87 points lower at 4,120.00, down 0.02 percent. Turnover was 1.64 billion rupees, […]
Sri Lanka stocks close up 0.8-pct
Nov 07, 2014 (LBO) – Sri Lanka’s stocks closed 0.78 percent higher with tobacco and diversified stocks gaining amid strong foreign purchases, brokers said. Ceylon Tobacco Company closed 19.80 rupees higher at 1,150.00 rupees and John Keells Holdings closed 3.00 rupees higher at 258.00 rupees, contributing most to the index gain. JKH’s W0022 warrants closed […]
Sri Lanka signs up first tranche of US$100mn to upgrade roads
Nov 07, 2014 (LBO) – The Asian Development Bank (ADB) signed first tranche loan agreement with the Sri Lanka government to lend 800 million dollars to upgrade roads. The first tranche in an amount of 100 million US dollars with the 18 million US dollars of government’s investment will finance the first slice of the […]
Sri Lanka external trade expands in September: Central Bank
Nov 07, 2014 (LBO) – Sri Lanka’s exports rose 0.5 percent, to 903 million US dollars in September 2014 from a year earlier with largest contribution from textiles and garments followed by coconut and printing industry products, official data showed. In September worker remittances (exports of labour) rose 3.1 percent to 575 million US dollars, […]
Sri Lanka stocks close up 0.5-pct
Nov 05, 2014 (LBO) – Sri Lanka’s stocks closed 0.51 percent higher with the price gains of Commercial Bank and Lanka IOC, amid net foreign purchases, brokers said. Commercial Bank of Ceylon closed 3.20 rupees higher at 172.80 rupees and Lanka IOC closed 4.60 rupees higher at 59.20 rupees, contributing most to the index gain. […]
Sri Lanka stocks close down 0.44-pct
Nov 04, 2014 (LBO) – Sri Lanka’s stocks closed lower with diversified, beverages and telco stocks losing ground amid strong foreign selling, brokers said. JKH’s W0022 warrants closed 30 cents lower at 73.20 rupees and its W0023 warrants closed flat at 78.50 rupees. Distilleries closed 3.50 rupees lower at 210.00 rupees and Nestle Lanka closed […]
Sri Lanka launches shopping festival to attract customer traffic into retail areas
Nov 04, 2014 (LBO) – Sri Lanka launched a Sri Lanka shopping festival or SLASH recently with an aim to increase customer traffic into retail areas multi-fold and attract hundreds of thousands of additional shoppers across multiple locations to create additional businesses for retailers organizers said in a media release. Organizers also plan to immense […]
Sri Lanka Central bank says inflation declines considerably in October
Nov 03, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 1.6 per cent in October 2014 compared to 4.7 per cent in July 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. Prices in Clothing and Footwear; Health; Recreation and […]
Sri Lanka makes further progress on financial sector consolidation: Central Bank
Nov 03, 2014 (LBO) – Sri Lanka Central Bank says that further progress was made by banks and finance and leasing companies (NBFIs) on the financial sector consolidation process, during the month of October this year. During the month of October 2014, Central Finance Co. PLC & Isuru Leasing Co.Ltd. and Arpico Finance Co. PLC […]