Category: Economy and Markets
Sri Lanka stocks close up 0.9-pct
Jan 02, 2014 (LBO) – Sri Lanka stocks end on a strong note Thursday with index heavy and diversified firms gaining despite net foreign selling, brokers said. DFCC closed 4.20 rupees higher at 133.20 rupees and Ceylinco Insurance closed 5.00 rupees higher at 1,345.00 rupees. HNB closed 1.00 rupee higher at 148.00 rupees. The Colombo […]
Sri Lanka expects 7.2-pct growth in 2013, US$7.1bn in forex reserves
Jan 02, 2014 (LBO) – Sri Lanka’s economy is expected to grow 7.2 percent in 2013 with inflation recorded at 4.7 percent and foreign reserves at 7.1 billion US dollars, the Central Bank said.Net credit to government also declined 3.5 billion rupees in November. Sri Lanka originally expected 7.5 percent growth for 2013. “Available leading […]
Sri Lanka narrows policy rate corridor
Jan 02, 2014 (LBO) – Sri Lanka’s central bank has narrowed a policy rate corridor cutting its policy rate window for injecting cash into the banking system by 50 basis points to 8.00 percent but left its rate to withdraw cash unchanged at 6.50 percent. The central bank said it would no longer give securities […]
Sri Lanka Treasuries yield extend fall
Jan 01, 2014 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 12-month yield falling 34 basis points to 7.95 percent, data from the state debt office showed. Analysts say if there are state payments arrears to private suppliers, who in turn owe money to banks, bank rates can take […]
‘s CPC breaks even in 2013: minister
Dec 31, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has reached break even status in 2013, after a 60 million US dollar legacy oil derivative cost that went against it, a minister said.Petroleum industries minister Anura Yapa said the agency is also collecting arrears from state agencies including Ceylon Electricity Board, SriLankan Airlines […]
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 […]