Category: Economy and Markets
Sri Lanka stocks close up 0.36-pct
Nov 03, 2014 (LBO) – Sri Lanka’s stocks closed 0.36 percent higher with Commercial Bank gaining amid net foreign buying, brokers said. Foreign investors bought 604.96 million rupees worth shares while selling 127.54 million rupees worth shares. Commercial Bank of Ceylon closed 3.80 rupees higher at 169.60 rupees, contributing most to the index gain. The […]
Sri Lanka stocks close up 0.4-pct
Oct 31, 2014 (LBO) – Sri Lanka’s stocks closed 0.44 percent higher with Commercial Bank and John Keells Holdings gaining amid strong foreign buying, brokers said. Commercial Bank of Ceylon closed 3.80 rupees higher at 165.80 rupees and John Keells Holdings closed 2.20 rupees higher at 257.20 rupees, contributing most to the index gain. DFCC […]
Sri Lanka stocks close up 0.4-pct
Oct 30, 2014 (LBO) – Sri Lanka’s stocks closed 0.39 percent higher with index heavy John Keells Holdings gaining amid continued foreign buying, brokers said. John Keells Holdings closed 5.20 rupees higher at 255.00 rupees, contributing most to the index gain. JKH’s W0022 warrants closed 60 cents higher at 74.50 rupees and its W0023 warrants […]
Sri Lanka stocks close up 0.5-pct
Oct 29, 2014 (LBO) – Sri Lanka’s stocks closed 0.54 percent higher with banking stocks gaining amid continued net foreign buying, brokers said. Lanka IOC closed 2.80 rupees higher at 51.80 rupees and Lanka Orix Leasing Company closed 2.80 rupees higher at 90.00 rupees, contributing most to the index gain. Hatton National Bank closed 4.00 […]
Sri Lanka stocks close higher
Oct 28, 2014 (LBO) – Sri Lanka’s stocks closed 0.08 percent higher with tobacco and beverage stocks gaining amid strong foreign buying into diversified holdings, brokers said. The Colombo benchmark All Share Price Index closed 6.04 points higher at 7,227.12, up 0.08 percent. The S&P SL20 closed 6.12 points lower at 4,008.10, down 0.15 percent. […]
Sri Lanka to promote local milk production: Budget 2015
Oct 28, 2014 (LBO)-Sri Lanka to increase the guaranteed price of liquid milk to 60 rupees per liter in order to increase local milk production and popularize the local milk production. President Mahinda Rajapakse proposed this presenting the budget 2015, at the Parliament, Colombo. I now propose to increase the guaranteed price of liquid milk […]
Sri Lanka Chamber welcomes budget 2015
Oct 27, 2014 (LBO) –Sri Lanka’s Ceylon Chamber of Commerce welcomes the ‘National Budget of 2015’ which is presented to the parliament last week, the chamber said in a media release. The Media Release by Ceylon Chamber of Commerce The Ceylon Chamber of Commerce welcomes the commitment to continued fiscal consolidation in the Budget 2015, […]
Sri Lanka to continue relaxing exchange controls: Deputy Governor
Oct 27, 2014 (LBO) – Sri Lanka will continue to liberalize exchange controls to encourage the investments that needed to maintain high economic growth and to link more with global business Central bank Deputy Governor P Samarasiri said.He said the exchange control activities started in Second World War to protect the foreign exchange earnings they […]
Sri Lanka stocks close up 0.1-pct
Oct 27, 2014 (LBO) – Sri Lanka’s stocks closed 0.11 percent higher with index heavy John Keells Holdings contributing most to the index gain, brokers said. Foreign investors bought 374.85 million rupees worth shares while selling 377.37 million rupees worth shares. Dialog Axiata closed 20 cents higher at 12.20 rupees and John Keells Holdings closed […]
Sri Lanka super markets to maintain VAT and NBT but Small Businesses exempted
Oct 25, 2014 (LBO) – Sri Lanka president suggested the super markets to maintain value added tax (VAT) and national building (NBT) tax as at 100 million rupees per quarter.He also suggested to exempt all the small and medium businesses who earns 15 million rupees or below per year from VAT and NBT. The number […]
VAT Reduced: Payee tax limited: Budget deficit to be reduced: Budget 2015
Oct 25, 2014 (LBO) – Sri Lanka President suggested to reduced value added tax to 11 percent and limited payee tax to 16 percent, thought the budget 2015.Sri Lanka plans to reduce budget deficit to 4.6 percent in 2015. Currently the value added tax is 12 percent in the island. The government plans to reduce […]
Sri Lanka to reduce water chargers: Budget 2015
Oct 25, 2014 (LBO) – Sri Lanka budget 2015 suggests to reduce the chargers of the first 25 units of household water supply by 10 percent.Also budget 2015 plans to invest 750 million rupees to start new water supply schemes, giving more importance to places with kidney and water related diseases. President Mahinda Rajapaksa, in […]