Category: Economy and Markets
Sri Lanka stocks close up 0.3-pct
Aug 14, 2014 (LBO) – Sri Lanka’s stocks closed 0.27 percent higher on Thursday with tobacco stocks gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 18.95 points higher at 6,973.09, up 0.27percent. The S&P SL20 closed 8.51 points higher at 3,828.77, up 0.22 percent. Turnover was 2.01 billion […]
Sri Lanka needs to think beyond USD 4000 per capita income: Chamber Official
August 14, 2014 (LBO) – Sri Lanka’s private sector should foresee the needs of the future customer and armed themselves to cater to the demand of the customer who will earn 7000 US dollar per capita in 2020, Chamber official said. Sri Lanka is set to achieve a USD 4,000 per capita in 2015 and […]
Sri Lanka Treasuries edge lower
Aug 13, 2014 (LBO) – Sri Lanka’s Treasuries yields dropped across maturities at Wednesday’s auction with the 12-month yield falling 14 basis points to 6.31 percent, data from the state debt office showed. The debt office said 1.00 billion rupees in 3-month bills, 2.00 billion in 6-month bills and 10.59 billion in one year bills […]
Sri Lanka stocks close up 0.1-pct
Aug 13, 2014 (LBO) – Sri Lanka’s stocks closed in the green on Wednesday with beverage stocks gaining while tobacco stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 6.24 points higher at 6,954.14, up 0.09percent. The S&P SL20 closed 2.74 points higher at 3,820.26, up 0.07 percent. Turnover was 1.82 […]
Sri Lanka slams US over travel warning
COLOMBO, August 12, 2014 (AFP) – Sri Lanka accused the United States Monday of creating a “false and alarmist view” after Washington warned of possible violence on the island and said anti-Western sentiment was rising.The travel warning was issued after an opposition party staged a peaceful protest outside the US embassy in Colombo over Israeli […]
Sri Lanka shares close up 0.1-pct
Aug 12, 2014 (LBO) – Sri Lanka’s shares closed in a positive territory on Tuesday with index heavy tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 4.98 points higher at 6,947.90, up 0.07percent. The S&P SL20 closed 1.02 points lower at 3,817.52, down 0.03 percent. Turnover […]
Sri Lanka stocks close up 0.4-pct
Aug 11, 2014 (LBO) – Sri Lanka’s stocks closed 0.36 percent higher with the turnover crossing one billion rupee mark amid net foreign buying, brokers said. Foreign investors bought 182.33 million rupees worth shares while selling 91.36 million rupees worth shares. CT Holdings closed 11.40 rupees higher at 159.90 rupees and Dialog Axiata closed 20 […]
Sri Lanka stocks close up 0.1-pct
Aug 08, 2014 (LBO) – Sri Lanka’s stocks closed 0.15 percent higher with Distilleries gaining amid strong foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 10.05 points higher at 6,918.23, up 0.15percent. The S&P SL20 closed 11.84 points higher at 3,801.87, up 0.31 percent. Turnover was 1.58 billion rupees, down from […]
Sri Lanka to pave A5 road with an investment of $140 mn
(08, Aug, 2014 LBO)- Sri Lanka will rebuild 151.3 kilometers of road from Badulla to Chenkaladi with an estimated cost of 140 million US dollars, a statement said. The road will be rebuild with funds taken from OPEC fund for International development and the Saudi Fund for Development ( SFD) with the balance contribution being […]
Sri Lanka debt profile improves mid-year: Central Bank
Aug 08, 2014 (LBO) – Sri Lanka’s state debt statistics has improved by mid 2014 with public debt to gross domestic product falling to 7.4.3 percent, and foreign debt falling to 32.9 percent, the Central Bank said.Domestic debt was 44.3 percent of projected GDP down from 44.2 percent in December and down from 86.2 percent […]
Sri Lanka stocks close up 1.1-pct
Aug 07, 2014 (LBO) – Sri Lanka’s stocks closed 1.10 percent higher recording over two billion rupees in turnover with tobacco stocks gaining amid strong foreign buying, brokers said. Foreign investors bought 737.17 million rupees worth shares while selling 312.60 million rupees worth shares. Ceylon Tobacco Company closed 28.70 rupees higher at 1,159.30 rupees, contributing […]
Sri Lanka stocks close up 0.3-pct
Aug 06, 2014 (LBO) – Sri Lanka’s stocks closed 0.26 percent higher with index heavy stocks gaining despite net foreign buying, brokers said. Distilleries closed 2.30 rupees higher at 204.00 rupees and Ceylon Tobacco Company closed 6.60 rupees lower at 1,130.60 rupees. The Colombo benchmark All Share Price Index closed 17.84 points higher at 6,833.26, […]