Category: Economy and Markets
Sri Lanka stocks close higher
Sep 23, 2014 (LBO) – Sri Lanka’s stocks closed 0.06 percent higher with telco and palm oil stocks gaining amid net foreign selling, brokers said. The Colombo benchmark All Share Price Index closed 4.23 points higher at 7,260.64, up 0.06 percent. The S&P SL20 closed 0.78 points lower at 4,030.09, down 0.02 percent. Turnover was […]
Sri Lanka Central Bank Governor to hold a live twitter Q n A session
Sep 22, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal is to answer question from public on 24th Wednesday 2014 via twitter, a social network, a statement said.The live Q n A session will start at 10 am to 11 am (SL time) via twitter account of #askcbsl.
Sri Lanka stocks close up 0.3-pct
Sep 22, 2014 (LBO) – Sri Lanka’s stocks closed in green with the price gains witnessed in Hemas Holdings and CT Holdings amid strong foreign buying, brokers said. Hayleys Mgt Knitting Mills closed 1.10 rupees higher at 19.80 rupees and First Capital Holdings closed 3.10 rupees higher at 45.40 rupees, attracting most number of trades […]
Sri Lanka to establish a human heart valve bank
September 19, 2014 (LBO) – Sri Lanka cabinet has given approval to establish a Human Heart Valve bank at a cost of 30 million rupees to provide cardiac valves and tissues necessary for valve replacement and repair of some of the congenital and acquired heart diseases. The proposal was submitted to the cabinet by Maithripala […]
Sri Lanka stocks close up 0.4-pct
Sep 19, 2014 (LBO) – Sri Lanka’s indices closed in the positive territory with the price gains witnessed in diversified stocks amid strong foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 28.02 points higher at 7,234.92, up 0.39 percent. The S&P SL20 closed 29.38 points higher at 4,018.98, up 0.74 percent. […]
’s New Economic Dynamism
September 18, 2014 (LBO) – Sri Lanka and China in talks to finalise a free-trade agreement which would bring substantial economic and trade benefits to the two countries, with both governments expressing hope that the deal will be implemented at an early date. China is the second largest economy in the world has reached a […]
Sri Lanka stocks close up 0.4-pct
Sep 18, 2014 (LBO) – Sri Lanka’s stocks closed 0.39 percent higher with tobacco and beverage stocks gaining amid strong foreign participation, brokers said. First Capital Holdings closed 4.10 rupees higher at 42.80 rupees, attracting most number of trades during the day. Foreign investors bought 995.22 million rupees worth shares while selling 966.21 million rupees […]
Sri Lanka stocks close higher
Sep 17, 2014 (LBO) – Sri Lanka’s stocks closed higher Wednesday amid strong foreign buying, brokers said. Lion Brewery Ceylon closed 19.70 rupees higher at 635.00 rupees and Sri Lanka Telecom closed 80 cents higher at 53.90 rupees, contributing most to the index gain. Chevron Lubricants Lanka closed 10.00 rupees higher at 341.40 rupees and […]
Sri Lanka Treasuries edge lower
Sep 17, 2014 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 6-month yield falling 4 basis points to 6.23 percent, data from the state debt office showed. The 3-month yield fell 3 basis points to 6.15 percent and the 12-month yield also dropped 3 basis points to 6.26 percent. […]
Sri Lanka President reduces fuel and electricity prices
Sep 17, 2014 (LBO)-The Government of Sri Lanka reduced the prices of fuel and electricity tariff with effect from midnight yesterday, a media report said.President Mahinda Rajapaksa announced the reduction of prices at the inauguration of Unit II of the Norochcholai Power Plant, together with Chinese President Xi Jinping. Price of a liter of petrol […]
Sri Lanka stocks close higher
Sep 16, 2014 (LBO) – Sri Lanka’s stocks closed in the green Tuesday with the price gains of food, beverages and tobacco stocks, brokers said. The Colombo benchmark All Share Price Index closed 1.13 points higher at 7,176.10, up 0.02 percent. The S&P SL20 closed 2.34 points higher at 3,976.76, up 0.06 percent. Turnover was […]
Sri Lanka GDP grows 7.8-pct in 2014 second quarter: Census Dept
Sep 16, 2014 (LBO) – Sri Lanka’s gross domestic product was up 7.8 percent in the second quarter of 2014 compared to 7.6 percent in the same period last year, the state statistics office said. The total economic output in Sri Lanka, measured by the Gross Domestic Product for the second quarter 2014 (April, May, […]