Category: Economy and Markets
Sri Lanka stocks close up 0.5-pct
Jan 29, 2014 (LBO) – Sri Lanka stocks close 0.54 percent higher Wednesday ending a two day negative rally with diversified stocks gaining, brokers said. The Colombo benchmark All Share Price Index closed 33.31 points higher at 6,252.14, up 0.54 percent. The S&P SL20 closed 30.09 points higher at 3,465.96, up 0.88 percent. Turnover was […]
Sri Lanka stocks close 0.4-pct lower
Jan 28, 2014 (LBO) – Sri Lanka stocks close 0.43 percent lower Tuesday with diversified stocks losing ground despite net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 26.98points lower at 6,218.83, down 0.43 percent. The S&P SL20 closed 25.88 points lower at 3,435.87, down 0.75 percent. Turnover was 1.45 billion […]
Sri Lanka stocks close lower
Jan 27, 2014 (LBO) – Sri Lanka stocks close 0.16 percent lower Monday with diversified stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 9.82 points lower at 6,245.81, down 0.16 percent. The S&P SL20 closed 17.89 points lower at 3,460.20, down 0.51 percent. Turnover was 872.63 million rupees, down from […]
Asian shares tumble as emerging market fears return
HONG KONG, January 27, 2014 (AFP) – Asian markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economies days ahead of a crucial Federal Reserve policy meeting. Japan’s Nikkei, which was the best performer last year, continued its 2014 downtrend as the […]
Sri Lanka stocks close up 0.4-pct
Jan 24, 2014 (LBO) – Sri Lanka stocks close up 0.47 percent Friday with telco and tobacco stocks gaining, brokers said. Sri Lanka Telecom on Friday confirmed that they have not negotiated to purchase Hutch. SLT closed 40 cents lower at 36.60 rupees. Cargills Ceylon closed 3.30 rupees higher at 153.40 rupees and Nestle Lanka […]
UK in nationalist bid to push up European business costs, undermine capitalism
LONDON, January 24, 2014 (AFP) – British Prime Minister David Cameron was on Friday to insist that the “re-shoring” of jobs from countries such as India and China could be a key factor in spurring European economic growth.Cameron is due to tell the World Economic Forum being held in the Swiss town of Davos that […]
” GDP data row
COLOMBO, January 22, 2014 (AFP) – Sri Lanka’s main statistics office Wednesday said a senior official who denounced alleged government pressure to inflate economic growth data would be sacked after he was found guilty of leaking confidential information. Statistics chief Gunawardena denied that he was under pressure to change economic data to suit the government […]
‘s killing
COLOMBO, January 22, 2014 (AFP) – Sri Lankan investigators arrested a ruling party politician who failed to turn up to his trial for the Christmas Day killing of a British tourist two years ago, police said Wednesday.Sampath Vidanapathirana, a councillor in the southern region of Tangalle, was tracked down and arrested in the capital Colombo […]
Sri Lanka stocks close up 0.9-pct
Jan 22, 2014 (LBO) – Sri Lanka stocks close up 0.96 percent reversing Tuesday’s losses with tobacco and diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 59.13 points higher at 6,212.67, up 0.96 percent. The S&P SL20 closed 30.10 points higher at 3,458.26, up 0.88 percent. […]
SriLankan Airlines seeks US$275mn in foreign financing
Jan 21, 2014 (LBO) – State-run SriLankan Airlines is seeking at least 275 million US dollars in foreign financing, a top official said as the airline is on track to acquire new Airbus aircraft. Sri Lanka’s state has promised a 500 million US dollar injection to the airline over five years to recapitalize the airline. […]
Sri Lanka stocks close flat
Jan 21, 2014 (LBO) – Sri Lanka stocks close flat Tuesday with banking and plantation stocks losing ground, brokers said. The Colombo benchmark All Share Price Index closed 3.14 points lower at 6,153.54, down 0.05 percent. The S&P SL20 closed 2.45 points higher at 3,428.16, up 0.07 percent. Turnover was 414.14 million rupees, down from […]
‘s RAM exits Sri Lanka rating agency
Jan 21, 2014 (LBO) – Malaysia’s RAM Holdings said it has sold its Sri Lanka subsidiary RAM Ratings (Lanka) Ltd to the management.“RAM has successfully nurtured a local team to continue building the company’s considerable market share in the rated bond market…,” K Govindan, group chief executive of RAM Holdings said in a statement. “We […]