Category: Economy and Markets
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.
Sri Lanka stocks close up 0.3-pct
Nov 14, 2014 (LBO) – Sri Lanka’s stocks closed higher with the positive price movements in Lanka Orix Leasing Company and Vallibel One, brokers said. The Automated Trading System (ATS) version 7.18 and the new central depository system will be implemented with effect from next Monday, the stock exchange said. The exchange added that all […]
Sri Lanka stocks close higher
Nov 13, 2014 (LBO) – Sri Lanka’s stocks closed higher with the positive price movements in Access Engineering amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.28 points higher at 7,479.69, up 0.14 percent. The S&P SL20 closed 7.27 points higher at 4,143.86, up 0.18 percent. Turnover was 4.08 […]
Sri Lanka stocks close up 0.8-pct
Nov 12, 2014 (LBO) – Sri Lanka’s stocks closed higher with the price gains of Access Engineering and People’s Leasing and Finance amid foreigners remained active closing as net buyers, brokers said. Foreign investors bought 584.82 million rupees worth shares while selling 397.45 million rupees worth shares. Access Engineering closed 2.30 rupees higher at 36.80 […]
Sri Lanka Treasuries yield unchanged
Nov 12, 2014 (LBO) – Sri Lanka’s 6-month and 12-month Treasuries yields were flat at Wednesday’s auction without issuing any bills for the 3-month, data from the state debt office showed. The debt office which is part of the island’s central bank said 6-month Treasuries yield unchanged at 5.84 percent and 12-month Treasuries yield unchanged […]
Sri Lanka need not worry about ornamental fish Red List: Ministry
Nov 11, 2014 (LBO) – Sri Lanka who fishes for a bigger bite of the world ornamental fish market, with targets set for one billion bills by 2020, do not need to worry about the Red List, the Ministry of Industry and Commerce said. The Red List is an international classification of the world’s threatened […]
‘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 […]
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, […]
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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 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 […]