Category: Economy and Markets
Sri Lanka shares close up 0.1-pct
June 16, 2014 (LBO) – Sri Lanka’s shares closed 0.11 percent higher on Monday starting the week on a positive territory, brokers said. The Colombo benchmark All Share Price Index closed 6.88 points higher at 6,344.10 up 0.11 percent. The S&P SL20 closed 15.64 points higher at 3,520.67, up 0.45 percent. Turnover was 957.31 million […]
Sri Lanka economic growth at 7.6-pct in 1Q 2014
June 16, 2014 (LBO) – Sri Lanka’s economy grew 7.6 percent in the first quarter of 2014 from a year earlier despite the agriculture shrinking, estimates by the state statistics office showed. Agriculture, Livestock and forestry shrank 1.2 percent but helped by a 13.3 percent from fishing, the sector showed a 0.2 percent growth. Industry […]
Sri Lanka shares close up 0.7-pct
June 13, 2014 (LBO) – Sri Lanka’s shares closed 0.70 percent higher on Friday ending the week on a strong note, brokers said. Nestle Lanka closed 47.10 rupees higher at 1,997.00 rupees and Sri Lanka Telecom closed 1.10 rupees higher at 48.00 rupees, contributing most to the index gain. Lanka Orix Leasing Company closed 3.50 […]
‘s Central Bank responds to concerns over foreign debt measurements
June 14, 2014 (LBO) – Sri Lanka’s Central Bank has responded to recent warnings over rising foreign debt by the government and other entities. The Central Bank said its analysis was based on central government debt. It points out that excluding inflows such as remittances also does not present a correct picture. Even more than […]
Sri Lanka to get US$1.4bn from ADB over four years
June 12, 2014 (LBO) – Sri Lanka will get 1.4 billion US dollars from the Asian Development Bank over the next four years to finance health, sanitation education and energy, officials said.In 2014 ADB is expected to disburse 406 million US dollars for ongoing projects. “ADB remains active in Sri Lanka and we want to […]
‘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 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 […]
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 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 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 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 […]