Category: Economy and Markets
Sri Lanka shares close flat
June 11, 2014 (LBO) – Sri Lanka’s shares closed flat on Wednesday despite strong foreign buying, brokers said. Lanka Orix Leasing Company closed 2.30 rupees higher at 87.30 rupees and Lion Brewery Ceylon closed 7.90 rupees higher at 433.00 rupees. John Keells Hotels closed 40 cents higher at 15.30 rupees and Aitken Spence Hotel Holdings […]
‘s vulnerability to foreign debt
June 11, 2014 (LBO) – Sri Lanka may be more vulnerable to foreign debt than generally believed, amid rising foreign borrowings by both the state, state enterprises and also private entities, economists have said.Harsha de Silva, an economist and legislator said when parameters developed by UN’s Economic and Social Commission for Asia and the Pacific […]
Sri Lanka Treasuries yields steady
June 10, 2014 (LBO) – Sri Lanka’s Treasuries yields were steady at Tuesday’s auction with yields easing one basis point across maturities, data from the state debt office showed.The 3-month yield fell 01 basis point to 6.54 percent, the 6-month yield fell 01 basis point to 7.72 percent and the 12-month yield fell 01 basis […]
Sri Lanka shares close up 0.1-pct
June 10, 2014 (LBO) – Sri Lanka’s shares closed higher for the second consecutive day with finance stocks gaining amid thin net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 6.61 points higher at 6,293.64, up 0.11 percent. The S&P SL20 closed 4.43 points higher at 3,484.12, up 0.13 percent. Turnover […]
Sri Lanka credit to business positive in March; state borrowings surge
June 06, 2014 (LBO) – Sri Lanka’s loans to business expanded 7.6 billion rupees in March 2014, ending two months of contraction, while borrowings by the central government surged, official data showed.Sri Lanka’s fiscal transparency had major setback from the first quarter of last year after the state stopped releasing month revenue and expenditure numbers, […]
Sri Lanka stocks close up 0.1-pct
June 09, 2014 (LBO) – Sri Lanka’s stocks closed higher with telco and oil palm stocks gaining amid strong foreign buying mostly into conglomerate John Keells Holdings, brokers said. Lanka Orix Finance closed 20 cents higher at 3.80 rupees and Lanka Orix Leasing closed 50 cents higher at 80.50 rupees. Cargills Ceylon closed 3.50 rupees […]
Sri Lanka arrests more Indian fishermen as tensions rise
COLOMBO, June 8, 2014 (AFP) – Sri Lanka’s navy said Sunday it has arrested 73 Indian fishermen for illegal poaching amid heightened tensions between the neighbours over the long-standing issue.During their discussions, Rajapakse and Modi agreed to continue official-level talks for a permanent solution to poaching, a major irritant in bilateral ties.The two countries are […]
Sri Lanka stocks close lower
June 06, 2014 (LBO) – Sri Lanka’s stocks closed lower with tobacco stocks losing ground despite net foreign buying mostly into Royal Ceramics, brokers said. AIA Insurance closed 20.00 rupees lower at 270.00 rupees and HNB closed 1.10 rupees lower at 156.40 rupees. Carson Cumberbatch closed 2.90 rupees higher at 402.00 rupees and its oil […]
Sri Lanka stocks close down 0.1-pct
June 05, 2014 (LBO) – Sri Lanka’s stocks closed lower with telco stocks losing ground despite strong foreign buying backed by lower interest rate expectations, brokers said. The Colombo benchmark All Share Price Index closed 0.09 points lower at 6,280.16, down 0.09 percent. The S&P SL20 closed 1.43 points higher at 3,473.43, up 0.04 percent. […]
Sri Lanka Treasuries edge lower
June 04, 2014 (LBO) – Sri Lanka’s Treasuries yield edged lower at Wednesday’s auction, with the 6-month yield down 02 basis points to 6.73 percent, the state debt office said. The debt office said 1.20 billion rupees in 3-month bills, 2.06 billion in 6-month bills and 15.83 billion in 12-month bills totaling 19.09 billion rupees […]
Sri Lanka stocks close flat
June 04, 2014 (LBO) – Sri Lanka’s stocks closed flat Wednesday despite strong foreign buying, brokers said. Ceylon Cold Stores closed 4.00 rupees lower at 157.00 rupees and John Keells Hotels closed 30 cents lower at 15.20 rupees. Commercial Leasing and Finance closed 10 cents lower at 4.00 rupees. The Colombo benchmark All Share Price […]
Sri Lanka hikes milk powder taxes as world prices fall
June 4, 2014 (LBO) – Sri Lanka has hiked import levies on milk powder by 56 percent keeping prices high while world prices continue to fall, giving more revenue to the state.Amid competition cement prices however came down as clinker prices fell, and is now being retailed 15 to 20 rupees below the government mandated […]