Category: Economy and Markets
Sri Lanka inflation decreased to 3.5-pct in August 2014
August 29, 2014 (LBO) – Sri Lanka’s consumer prices dropped 3.5 percent in the 12 months to August 2014, with inflation compared to 3.6 percent in July, official data showed.During the month the Colombo Consumer Price Index dropped 0.05 percent on top a 1.0 percent rise in July, the state statistics office said. Sri Lanka’s […]
Sri Lanka stocks close up 0.6-pct
Aug 29, 2014 (LBO) – Sri Lanka’s stocks close 0.61 percent higher on Friday with beverage stocks gaining despite low foreign participation, brokers said. Ceylon Tobacco Company closed 16.20 rupees higher at 1,197.20 rupees and Nestle Lanka closed 48.00 rupees higher at 2,148.00 rupees, contributing most to the index gain. Lion Brewery Ceylon closed 26.70 […]
Sri Lanka stocks close up 0.1-pct
Aug 28, 2014 (LBO) – Sri Lanka’s stocks close 0.10 percent higher on Thursday with index heavy John Keells Holdings gaining despite low foreign participation, brokers said. John Keells Holdings closed 3.90 rupees higher at 248.90 rupees, contributing most to the index gain. JKH’s W0022 warrants closed 10 cents higher at 69.20 rupees and its […]
’s to set up businesses in the island
Aug 27, 2014 (LBO) – Sri Lanka invites japan small and medium entrepreneurs to set up manufacturing facilities in the island to explore Indian and Pakistan markets, an official of Ceylon Chamber of Commerce said. As for imports Japan ranks at sixth supplying four percent of Sri Lanka’s total imports. The top three Lankan exports […]
Sri Lanka Treasuries yields flat
Aug 27, 2014 (LBO) – Sri Lanka’s Treasuries yields were flat at Wednesday’s auction without accepting any bid for three months for the second straight session, data from the state debt office showed.The 6-month yield was unchanged at 6.28 percent and the 12-month yield unchanged at 6.30 percent. The debt office said 1,335 million in […]
Sri Lanka shares close down 0.4-pct
Aug 27, 2014 (LBO) – Sri Lanka’s shares close 0.41 percent lower Wednesday with oil palm and beverage stocks losing ground amid low foreign participation, brokers said. Lion Brewery Ceylon closed 32.00 rupees lower at 606.00 rupees and Nestle Lanka closed 31.70 rupees lower at 2,118.30 rupees. CT Holdings closed 6.70 rupees lower at 152.30 […]
Sri Lanka stocks close up 0.4-pct
Aug 26, 2014 (LBO) – Sri Lanka’s stocks continued to rise above the 7,000 mark with price gains witnessed in Richard Pieris and telco stocks amid strong foreign buying, brokers said. Richard Pieris closed 1.30 rupees higher at 9.10 rupees, contributing most to the index gain. Sri Lanka Telecom closed 60 cents higher at 54.60 […]
Lower external funding needs buffer, EM Asia heading into US tightening : by Fitch
A year after the taper tantrum, emerging Asian sovereigns with the biggest external funding needs are generally reducing their degree of external vulnerability, although only modestly in most cases. Fitch projects Sri Lanka (BB-/Stable) will cut its gross external funding requirement (GXFR) the most between 2012 and 2014, relative to its foreign reserves, despite the […]
Sri Lanka stocks close down 0.3-pct
Aug 25, 2014 (LBO) – Sri Lanka’s stocks closed 0.34 percent lower with index heavy John Keells Holdings losing ground, brokers said. HVA Foods closed 1.50 rupees higher at 12.10 rupees, attracting most number of trades during the day. Foreign investors bought 567.51 million rupees worth shares while selling 122.41 million rupees worth shares. Index […]
Sri Lanka stocks close higher
Aug 22, 2014 (LBO) – Sri Lanka’s stocks closed in a positive territory Friday with index heavy stocks gaining amid strong foreign selling, brokers said. The aggregate value of all off-the-floor deals represented 50 percent of the turnover. Taprobane Holdings closed 70 cents higher at 5.20 rupees and Lanka Century Investments closed 90 cents higher […]
Sri Lanka FDI flows reach $817mn in the first half 2014
August 21,2014 (LBO) – Foreign direct investment flows to Sri Lanka in the first half of 2014 reached 817 million US dollars up 51 percent and the full year was expected to bring 2.5 billion US dollars, investment promotion minister Lakshman Abeywardena said. The money had come mainly from Krrish, Indian mixed development projects and […]
Sri Lanka stocks close up 0.1-pct
Aug 21, 2014 (LBO) – Sri Lanka’s stocks crossed the key psychological barrier of 7,000 points Thursday, reaching a three year high, brokers said. JKH’s W0022 warrants closed 40 cents higher at 70.40 rupees and its W0023 warrants closed flat at 80.00 rupees. Taprobane Holdings closed 1.80 rupees higher at 4.50 rupees and CT Holdings […]