Category: Economy and Markets
Sri Lanka stocks end higher
Dec 12, 2013 (LBO) – Sri Lanka stocks closed higher Thursday with diversified stocks gaining amid net foreign buying on the bourse, brokers said. The Colombo benchmark All Share Price Index closed 5.38 points higher at 5,793.19, up 0.09 percent. The S&P SL20 closed 7.17 points higher at 3,189.44, up 0.23 percent. Turnover was 247.70 […]
‘s NTB debentures oversubscribed
Dec 12, 2013 (LBO) – Sri Lanka’s Nations Trust Bank said its 3.0 billion rupee 5-year debenture offer was oversubscribed within hours of opening.The bank is offering 30 million 100 rupee debentures paying 13 percent every six months, giving an annual effective yield of 13.42 percent. The issue had drawn more than 5.0 billion rupees […]
Sri Lanka stocks close higher
Dec 11, 2013 (LBO) – Sri Lanka stocks closed greener Wednesday with diversified stocks gaining amid net foreign buying, brokers said. The Colombo benchmark All Share Price Index closed 9.29 points higher at 5,787.81, up 0.16 percent. The S&P SL20 closed 5.65 points higher at 3,182.27, up 0.18 percent. Turnover was 180.07 million rupees, down […]
G8 ministers meet on dementia time-bomb
LONDON, December 11, 2013 (AFP) – Health ministers from the G8 nations were meeting in London on Wednesday to tackle what experts warn is a dementia time-bomb, with cases set to soar as the world’s population ages.Ministers from the Group of Eight wealthy nations’ were gathered with health experts and charities for the first ever […]
Sri Lanka Treasuries yield plunge
Dec 11, 2013 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12 month yield plunging 35 basis points to 9.15 percent, data from the state debt office showed.The debt office offered 10 billion rupees of maturing bills and accepted 13.3 billion rupees in bids from the auction. The three […]
‘s acquires Amba
Dec 11, 2013 (LBO) – US-based Moody’s Corporation said it had acquired Amba Investment Services, a securities research outsourcing firm that has operations in Sri Lanka, India and Costa Rica.Amba is expected to bring revenues of 39 million US dollars in 2013.It will operate as part of Copal Partners a unit of Moody’s Analytics. “Amba […]
Sri Lanka stocks end 0.7-pct lower
Dec 10, 2013 (LBO) – Sri Lanka stocks closed in the red Tuesday with index heavy stocks losing ground despite strong foreign buying, brokers said. HNB closed flat at 143.00 rupees and Touchwood Investments also closed flat at 2.90 rupees. The Colombo benchmark All Share Price Index closed 42.78 points lower at 5,778.52, down 0.73 […]
Sri Lanka Central Finance raises Rs2.0bn in debt
Dec 10, 2013 (LBO) – Sri Lanka’s Central Finance Plc, a registered finance company has received more than 2.0 billion rupees of orders for its listed debt issue. Central Finance offered 20 million 100 rupee secured redeemable debentures.Managers to the sale, NDB Investment Bank said the issue was oversubscribed shortly after opening and will close […]
BOI investor services unit at new location
Dec 10, 2013 (LBO) – Sri Lanka’s Board of Investment said its investor service department had been shifted to the 6th floor of Colombo’s World Trade Centre building.The new office was opened by investment promotion minister Lakshman Abeywardene on Tuesday.The department has a staff of over 100 facilitating nearly 1,000 BOI approved firms with processing […]
Sri Lanka stocks close higher
Dec 09, 2013 (LBO) – Sri Lanka stocks end greener Monday with index heavy stocks gaining amid a broad sell-off in the overall market in thin trade, brokers said. Turnover was 332.30 million rupees, down from 779.81 million rupees last Friday, with stocks of 87 firms closing in the red against 79 gainers. The Colombo […]
Sri Lanka unemployment up amid higher female participation
Dec 09, 2013 (LBO) – Sri Lanka’s unemployment rate had risen to 4.5 percent in the first half of 2013 from 3.9 percent a year earlier, reversing several years of labour market tightening official data showed.The total number of unemployed had risen to 401,000 for the first half of 2013 from 324,000 a year earlier, […]
Commerce ministers approve landmark WTO trade deal
NUSA DUA, December 7, 2013 (AFP) – Commerce ministers on Saturday approved a trade deal securing a new lease on life for the World Trade Organization which could give a $1 trillion boost to the global economy. “It is so agreed,” Indonesian Trade Minister Gita Wirjawan told delegates at a WTO conference in Bali following […]