Category: Economy and Markets
Sri Lanka inflation at 4.7-pct in December 2013
Dec 31, 2013 (LBO) – Sri Lanka’s consumer prices rose 4.7 percent in the 12 months to December 2013, slowing from 5.6 percent in November, the state statistics office said.In the month of December the widely watched Colombo Consumer Price Index remained flat during the month at 176.5 points, the same as in November. Sri […]
Sri Lanka stocks close 4.7-pct in 2013
Dec 31, 2013 (LBO) – Sri Lanka stocks end 0.23 percent higher Tuesday with banking and insurance firms gaining trading for 2013 and the market up 4.7 percent over the year, data showed. The Colombo benchmark All Share Price Index closed 13.58 points higher at 5,912.78, up 0.23 percent. The S&P SL20 closed 3.58 points […]
Sri Lanka stocks end 0.3-pct higher
Dec 30, 2013 (LBO) – Sri Lanka stocks close higher Monday with tobacco and diversified stocks gaining amid strong foreign buying on the board, brokers said. The Colombo benchmark All Share Price Index closed 22.54 points higher at 5,899.20, up 0.38 percent. The S&P SL20 closed 26.82 points higher at 3,267.45, up 0.83 percent. Turnover […]
Sri Lanka stocks close up 0.4-pct
Dec 27, 2013 (LBO) – Sri Lanka stocks end 0.48 percent higher Friday with a tea export firm dominating trade, brokers said. Lanka Orix Leasing Company closed 80 cents higher at 75.00 rupees and Commercial Leasing and Finance closed 10 cents higher at 4.00 rupees. Commercial Bank closed 20 cents lower at 120.90 rupees and […]
Sri Lanka stocks end higher
Dec 26, 2013 (LBO) – Sri Lanka stocks close higher Thursday with diversified stocks gaining, brokers said. Trans Asia Hotels closed 2.00 rupees lower at 78.00 rupees and Asian Hotels and Properties ended 10 cents lower at 64.40 rupees. The Colombo benchmark All Share Price Index closed 2.56 points higher at 5,848.49, up 0.04 percent. […]
Bolivia leader — an ex-child worker — opposes child labor age
LA PAZ, December 23, 2013 (AFP) – President Evo Morales said Monday he opposed any outright ban on child labor or setting a minimum age for workers in Bolivia — as a former child worker, himself.Despite recent declines in the worldwide incidence of child labor, much more must be done to tackle the issue, the […]
Sri Lanka stocks close flat
Dec 24, 2013 (LBO) – Sri Lanka stocks close flat Tuesday with hotel and plantation stocks falling, brokers said. Sampath Bank closed 10 cents lower at 170.00 rupees and Aitken Spence closed 1.00 rupee higher at 101.00 rupees. Aitken Spence Hotel Holdings closed 30 cents higher at 65.50 rupees and Asian Hotels and Properties closed […]
Sri Lanka IMF rep gets warm send-off
Dec 23, 2013 (LBO) – Sri Lanka’s resident representative from the International Monetary Fund, Koshy Mathai got a warm send off from authorities in the island at the end of four years and the first completed program in the island’s history.“We had a good program, we had a very interesting outcome and after that we […]
Sri Lanka US$74mn water supply system deal to US firm
Dec 23, 2013 (LBO) – Tetra Tech Inc, a US based firm said it had won a 74 million US dollar contract from Sri Lanka to build a water supply and treatment plant. The US Export-Import Bank has received renewed impetus under Obama administration’s export drive. The US Export-Import Bank is financing the deal. Tetra […]
Sri Lanka stocks end weaker
Dec 23, 2013 (LBO) – Sri Lanka stocks close in the red Monday with tobacco and diversified stocks falling, brokers said. Lanka Orix Leasing Company closed flat at 72.80 rupees and Aitken Spence closed 4.90 rupees higher at 100.00 rupees. Aitken Spence Hotel Holdings closed flat at 65.20 rupees and Asian Hotels and Properties closed […]
Sri Lanka stocks close weaker
Dec 20, 2013 (LBO) – Sri Lanka stocks close down Friday with diversified and insurance sector stocks falling, brokers said. Aitken Spence Hotel Holdings closed 1.70 rupees lower at 65.20 rupees and Asian Hotels and Properties closed 60 cents higher at 64.00 rupees. DFCC closed 2.00 rupees higher at 128.00 rupees and NDB closed flat […]
Sri Lanka will have to reverse de-liberalization for growth: Razeen Sally
Dec 20, 2013 (LBO) – Sri Lanka will have to reverse a recent trend of de-liberalization to spur growth to high levels and work towards greater macro-stability, which has been a chronic problem, a top international economist said. Protection for domestic business drives capital and factors of production towards inefficient tax arbitraging rent seeking businesses […]