Category: Economy and Markets
Sri Lanka budget deficit 3.5-pct of GDP up to April
July 02, 2014 (LBO) – Sri Lanka’s has recorded a budget deficit of 3.5 percent of gross domestic product up to April 2014, and the Treasury said it was expecting to meet a full-year target of 5.2 percent. Tax on interest fell 20 percent as interest rates fell in the economy. The tax revenues were […]
Japan leads loan commitments to Sri Lanka up to April 2014
July 02, 2014 (LBO) – Sri Lanka has signed up 678.2 million US dollars in foreign loans in the first four months of 2014 and Japan led the tables giving 342.8 million US dollars for a new bridge to the capital, official data showed. Outstanding foreign debt not counting rupee denominated Treasuries owned by foreigner […]
Sri Lanka Treasuries yields steady
July 02, 2014 (LBO) – Sri Lanka’s Treasuries yields were marginally down at Wednesday’s auction though the debt office did not accept market bids to roll over all the offered volume, data showed.The 3-month yield fell 01 basis point to 6.50 percent, the 6-month yield fell 01 basis point to 6.68 percent and the 12-month […]
Sri Lanka stocks close up 0.9-pct
July 02, 2014 (LBO) – Sri Lanka’s shares closed 0.89 percent higher on Wednesday amid strong foreign buying into Hemas Holdings, brokers said. The Colombo benchmark All Share Price Index closed 56.51 points higher at 6,432.52, up 0.89 percent. The S&P SL20 closed 34.38 points higher at 3,577.94, up 0.97 percent. Turnover was 2.43 billion […]
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July 02, 2014 (LBO) – Fitch Ratings said it had given an ‘A-(lka)’ expected rating to a planned Singer (Sri Lanka) debenture issue of up to 1.5 billion rupees. The senior unsecured debentures are rated the same as Singer (Sri Lanka) Plc. Fitch said the 3-year fixed rate debenture proceeds will be used to refinance […]
Sri Lanka shares close lower
July 01, 2014 (LBO) – Sri Lanka’s shares closed 0.04 percent lower on Tuesday boosting turnover to an eight-week high amid strong foreign buying mainly into John Keells Holdings, brokers said. Foreign investors sold 1.01 billion rupees worth shares. Ceylon Tobacco Company closed 10.60 rupees lower at 1,053.30 rupees and oil palm firm Shalimar (Malay) […]
Sri Lanka shares close up 0.2-pct
June 30, 2014 (LBO) – Sri Lanka’s shares closed 0.24 percent higher on Monday boosting turnover to a six-week high amid strong foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 15.13 points higher at 6,378.62, up 0.24 percent. The S&P SL20 closed 13.58 points higher at 3,534.43, up 0.39 percent. Turnover […]
Sri Lanka inflation at 2.8-pct in June: Statistics office
June 30, 2014 (LBO) – Sri Lanka consumer prices rose 2.8 percent in the 12-months to June 2014 from a year earlier, slowing from 3.2 percent in May, the state statistics office said. Prices during the month rose sharply by 1.1 percent, the highest monthly gain in the Colombo Consumer Price Index seen since June […]
Sri Lanka inflation to be 2.8-pct in June 2014: Treasury Secretary
June 29, 2014 (LBO) – Sri Lanka’s inflation would be 2.8 percent in June and the country now had strong economic growth and a stable exchange rate, Treasury Secretary P B Jayasundera said.Sri Lanka is recovering from a balance of payments crisis triggered in 2011 after the state manipulated energy prices with bank loans which […]
Freight Charge
June 28, 2014 (LBO) – A Sri Lanka government regulation against a controversial fee charged from shippers who had not contracted for freight in Asian and African countries was being studied by other affected countries, an official said.Sri Lanka Shippers’ Council, representing the country’s exporters and importers had long protested a so-called terminal handling fee […]
Sri Lanka shares close up 0.6-pct
June 27, 2014 (LBO) – Sri Lanka’s shares closed 0.56 percent higher for the forth consecutive day with tobacco stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 35.33 points higher at 6,363.49, up 0.56 percent. The S&P SL20 closed 13.31 points higher at 3,520.85, up 0.38 percent. […]
Sri Lanka shares close up 0.1-pct
June 26, 2014 (LBO) – Sri Lanka’s shares closed 0.10 percent higher for the third consecutive day with banking stocks gaining amid thin foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,328.16, up 0.10 percent. The S&P SL20 closed 5.99 points higher at 3,507.54, up 0.17 percent. […]