Category: Economy and Markets
Sri Lanka stocks close higher
Nov 25, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher with the price gains of Nestle Lanka and C T Holdings, brokers said. Nestle Lanka closed 46.50 rupees higher at 2,157.50 rupees and C T Holdings closed 8.90 rupees higher at 149.00 rupees, contributing most to the index gain. Ceylon Tobacco Company closed […]
Sri Lankan government wins crucial budget vote 2015
Nov 24, 2014 (LBO) – The Sri Lankan government won a crucial vote in parliament to pass its budget for 2015 on Monday afternoon after days of speculation.The decision came after much speculation about the fate of the government if it failed to muster enough votes to have the budget passed by parliament. If the […]
ADB loans $150mn to develop green power and energy efficiency in Sri Lanka
Nov 24, 2014 (LBO) – The Asian Development Bank loans 150 million dollars as a the first tranche for the project of implementation of Green Power Development and Energy Efficiency Improvement Investment in Sri Lanka, a media release said. The total investment cost of program is estimated about 440 million US dollars and ADB has […]
Sri Lanka stocks near fifteen month intra day drop over political environment in the Island
Nov 24, 2014 (LBO) – Sri Lanka’s stocks closed 2.25 percent lower recording the highest intra-day drop in nearly fifteen months reflecting investor concerns over the current political environment prevailing in the island, a broker said. “Political uncertainties pushed the equities market deep into the red on Monday as ASI witnessed the highest intra-day drop […]
Sri Lanka stocks close higher
Nov 20, 2014 (LBO) – Sri Lanka’s stocks closed 0.07 percent higher with the price gains in Nestle Lanka, brokers said. The Colombo benchmark All Share Price Index closed 5.23 points higher at 7,530.33, up 0.07 percent. The S&P SL20 closed 2.12 points higher at 4,190.93, up 0.05 percent. Turnover was 1.69 billion rupees, down […]
Sri Lanka stocks close down 0.3-pct
Nov 19, 2014 (LBO) – Sri Lanka’s stocks closed 0.31 percent lower with telco, tobacco and diversified stocks losing ground, brokers said. Foreign investors bought 220.62 million rupees worth shares while selling 76.44 million rupees worth shares. Carson Cumberbatch closed 18.90 rupees lower at 456.00 rupees and Ceylon Tobacco Company closed 18.00 rupees lower at […]
Sri Lanka Treasury bill yields frozen
Nov 19, 2014 (LBO) – Sri Lanka’s Treasury bill yields were flat at Wednesday’s auction with the 12-month yield unchanged at 6.00 percent, data from the state debt office showed. The debt office which is part of the island’s central bank said 3-month and 6-month short term bills were not offered for the auction. The […]
Sri Lanka stocks close up 0.3-pct
Nov 18, 2014 (LBO) – Sri Lanka’s stocks closed 0.32 percent higher with telco and diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 24.23 points higher at 7,548.23, up 0.32 percent. The S&P SL20 closed 34.79 points higher at 4,204.87, up 0.83 percent. Turnover was 3.83 billion rupees, up from […]
’s Unrealized Profits passes Rs14Bn mark
Nov 18, 2014 (LBO) – Sri Lanka’s Employee’s Provident Fund’s unrealized profits of the share portfolio of investments in equity passed 14 billion rupees on Novemebr this year, Central Bank said in a media release. The bank says the mark to market value of EPF’s investments in equities as at 14 November 2014 comfortably exceeded […]
Sri Lanka Central Bank issues a new series of 10 rupee coins
Nov 18, 2014 (LBO) – Sri Lanka’s Central Bank yesterday issued a new series of 25 coins of 10 rupee denomination in order to recognize and portray unique characteristics and/or iconic landmarks and/or special features of each administrative district of Sri Lanka. The new coins would be released via the banks and the Central Bank […]
Sri Lanka policy rates unchanged in November 2014::Inflation declined: Central Bank
Nov 18, 2014 (LBO) Sri Lanka unchanged its policy rate corridor at 6.5 to 8.0 percent in order to remain broadly on target in 2014 with low inflation the Central Bank in its November monetary policy review.The island inflation continued to remain in low single digit levels, declined to 1.6 percent in October from 3.5 […]
Sri Lanka Central Bank issues a series of ten rupee coins
Nov 17, 2014 (LBO) – Sri Lanka’s Central Bank today issued a new series of 25 coins of 10 rupee denomination in order to portray each administrative district of the island nation. The new coins would be released via the banks and the Central Bank Provincial Offices for circulation.