Category: Economy and Markets
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 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 […]
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 sees weak demand for poultry in 2013, feed costs high
June 03, 2014 (LBO) – Sri Lanka has seen weak demand for chicken in 2013 a top poultry firm while costs were elevated, a poultry firm said, as the country emerged from a balance of payments crisis and steep currency depreciation. However the price of eggs had now risen from 11 rupees to 15 rupees […]
Japan boosts Sri Lanka public sector capacity
June 03, 2014 (LBO) – Sri Lanka’s public sector officials had been given a grant of 215 million yen (245 million rupees) in scholarships to follow Masters’ programs in Japan, the finance ministry said.The Japanese Grant Aid for Human Resources Development Scholarship Programme (JDS) was started in 2010 is aimed at building capacity in executive […]
Sri Lanka stocks close down 0.1-pct
June 03, 2014 (LBO) – Sri Lanka’s stocks closed down 0.10 percent on Tuesday amid low foreign participation, brokers said. The Colombo benchmark All Share Price Index closed 6.39 points lower at 6,286.02 down 0.10 percent. The S&P SL20 closed 0.56 points higher at 3,470.75, up 0.02 percent. Turnover was 405.22 million rupees, down from […]
Sri Lanka foreign remittances to peak in 2017: CB Governor
June 02, 2014 (LBO) – Sri Lanka’s foreign remittances is expected to peak in 2017 with those seeking employment abroad beginning to decrease, Central Bank Governor Nivard Cabraal has said. “We believe that in time to come there will be a reverse migration that will take place in our country,” Cabraal was quoted in transcript […]
Sri Lanka stocks close up 0.5-pct
June 02, 2014 (LBO) – Sri Lanka’s stocks closed up 0.46 percent on Monday with diversified conglomerate Carson Cumberbatch gaining amid strong foreign buying, brokers said. Lion Brewery Ceylon closed 14.00 rupees higher at 445.00 rupees and John Keells Holdings closed 1.00 rupee higher at 235.00 rupees. JKH’s W0022 warrants closed 1.60 rupees higher at […]
Distilleries Company of Sri Lanka sees revenue pick up
May 31, 2014 (LBO) – Distilleries Company of Sri Lanka, the island’s largest alcohol maker which was hit by tax hikes and incomes decimated from currency depreciation, reported a small increase in gross revenues in the March 2014 quarter. DCSL said revenues with taxes rose 1.8 percent to 12.9 billion rupees in the March 2014 […]
Sri Lanka stocks close down 0.6-pct
May 30, 2014 (LBO) – Sri Lanka’s stocks closed down 0.64 percent on Friday with diversified, food and tobacco stocks losing ground despite net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 40.31 points lower at 6,263.46 down 0.64 percent. The S&P SL20 closed 32.08 points lower at 3,454.61, down 0.92 […]