Category: Economy and Markets
Sri Lanka Central Bank Governor answers question from public
Oct 03, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal held a question and answer from public on 24th September, 2014 via twitter, a social network. The live Q n A session took place via twitter account of #askcbsl at 10 am to 11 am (SL time). Media Release by Central Bank of […]
Sri Lanka fund manager hopes to target wider base
Oct 04, 2011 (LBO) – A newly-licensed start up fund manager says it is expecting to bring in potential investors who lack the knowledge and experience of English speaking Colombo-based investors to enter equity markets, officials said.Dhammika Herath, chairman of First Class International Funds, says the Securities and Exchange Commission licensed the firm as a […]
Sri Lanka stocks close up 0.8-pct
Oct 03, 2014 (LBO) – Sri Lanka’s stocks closed 0.76 percent higher with banking stocks gaining amid continued strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 55.55 points higher at 7,406.60, up 0.76 percent. The S&P SL20 closed 52.95 points higher at 4,160.31, up 1.29 percent. Turnover was 4.39 billion […]
‘s inflation at 4.2-pct in September 2014: Central Bank
Oct 01, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.2 per cent in September 2014 from to 4.5 per cent in August 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. The data is based on the change in […]
Sri Lanka rejects all treasury bids
Oct 01, 2014 (LBO) – Sri Lanka has rejected all treasury bids at a weekly auction on Wednesday, the government’s debt office said.The debt office which is part of the island’s central bank said it has offered 1.5 billion rupees in 6-month bills and 4.5 billion rupees in 12-month bills. The office did not offer […]
Sri Lanka stocks close up 0.6-pct
Oct 01, 2014 (LBO) – Sri Lanka’s stocks closed 0.56 percent higher with telco and diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 40.94 points higher at 7,293.08, up 0.56 percent. The S&P SL20 closed 26.81 points higher at 4,065.11, up 0.66 percent. Turnover was 2.65 […]
Sri Lanka stocks close up 0.2-pct
Sep 30, 2014 (LBO) – Sri Lanka’s stocks closed 0.19 percent higher with conglomerate John Keells Holdings gaining despite continued strong foreign selling, brokers said. Dunamis Capital closed 1.40 rupees lower at 37.50 rupees and Janashakthi Insurance closed 40 cents lower at 23.70 rupees, attracting most number of trades during the day. Foreign investors bought […]
Sri Lanka stocks close higher
Sep 29, 2014 (LBO) – Sri Lanka’s stocks closed higher with the turnover crossing 3.4 billion rupees mark despite strong foreign selling, brokers said. Foreign investors bought 375.47 million rupees worth shares while selling 2.27 billion rupees worth shares. Lion Brewery Ceylon closed 14.50 rupees higher at 630.10 rupees and People’s Leasing and Finance closed […]
ADB urges Asia to take advantage of global value chain opportunities
Sep 26, 2014 (LBO) – Asian economies, having reaped substantial gains from global value chains in the past 25 years, can extend these gains if governments and business work together to reduce tariffs and non-tariff trade barriers, and improve logistics and transport infrastructure, says a new Asian Development Bank (ADB) report. •GVCs thrive only where […]
Sri Lanka to get $800mn ADB loan to upgrade rural road links
September 26, 2014 (LBO) – Sri Lanka to get 800 million US dollar loan facility which approved by Asian Development Bank yesterday to fund rural and national road upgrades in six provinces in order to improve access of remote communities to markets, services, and jobs, the bank said in a media release. Providing all-weather road […]
Sri Lanka exports surged 14 percent in first eight months of 2014
Sep 26, 2014 (LBO) – Sri Lanka’s exports have surged by 14.3 percent to 7.34 billion US dollars in the first eight months of 2014 in comparison to 2013 January-August official of Industry and Commerce of Sri Lanka said. The eight months increase of 2014 have been led by agricultural products at 1.778 billion dollars […]
Sri Lanka stocks close higher
Sep 26, 2014 (LBO) – Sri Lanka’s stocks closed higher with the turnover crossing 2.7 billion rupees mark despite strong foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 0.73 points higher at 7,233.71, up 0.01 percent. The S&P SL20 closed 4.60 points lower at 4,008.42, down 0.11 percent. Turnover was 2.73 […]