Category: Economy and Markets
Sri Lanka to grow 6.8-pct in 2013, inflation 7.0-pct: ADB
Oct 03, 2013 (LBO) – Sri Lanka’s economy is forecasted to grow 6.8 percent in 2013 and inflation would be 7.0 percent, the Asian Development Bank said in revised projections released this week. “Foreign holdings of government securities dipped in late August, which further weakened the rupee by 5 percent against the US dollar from […]
Gold prices could fall further: Fitch Ratings
Oct 03, 2013 (LBO) – Gold prices could fall below 1,200 US dollars an ounce as the United States withdraws exceptional money printing operations and speculative investment demand weakens, Fitch Ratings said.The rating agency under its methodology 1,200 US dollars an ounce was a base case for a ceiling price for the next three years […]
Sri Lanka stocks up, rupee steady
Oct 03, 2013 (LBO) – Sri Lanka stocks closed 0.16 percent higher with speculative interest continuing in troubled Touchwood and the rupee strengthened in intra-day trading, brokers and dealers said. The benchmark Colombo All Share Price Index closed 9.18 points higher at 5,814.80, up 0.16 percent, provisional data showed, after reaching an intraday high of […]
Sri Lanka Treasuries yields flat
Oct 02, 2013 (LBO) – Sri Lanka’s 12-month Treasuries yield fell 05 basis points to 10.52 percent, at Wednesday’s auction and no bids were accepted for other maturities, data from the state debt office said. The debt office offered 5.0 billion rupees of maturing debt at the auction and rejected 3 and 6 month bids. […]
Sri Lanka policies help aged: UN backed study
Oct 02, 2013 (LBO) – Sri Lanka’s decades long spending in education and health has made the lot of the aged among the best in Asia, a United Nations backed study has found. A study by HelpAge International, a charity which constructed a ‘Global AgeWatch Index has ranked Sri Lanka fourth in Asia after Japan, […]
SriLankan Airlines commissions A320 hangar
Oct 02, 2013 (LBO) – SriLankan Airlines said it had commissioned a new hangar for Airbus A320 aircraft at which will expand facilities to repair and maintain aircraft. The new hangar will also be equipped to perform full strip and paint jobs on narrow body aircraft later. The new hangar, located at the BIA complex […]
Sri Lanka stocks up 0.4-pct, rupee gains
Oct 02, 2013 (LBO) – Sri Lanka stocks closed 0.43 percent higher with diversified John Keells Holdings extending gains, while speculative trading continued in Touchwood, a troubled forestry firm, brokers said. The benchmark Colombo All Share Price Index closed 24.79 points higher at 5,805.62, up 0.43 percent after peaking at an intraday high of 5,814.61 […]
‘s capital to get better water supply: ADB
Oct 01, 2013 (LBO) – Sri Lanka’s capital Colombo and surrounding areas will get 24 hour water supply and water losses will be plugged under a new program financed with an 88 million US dollar credit, Asian Development Bank said. “Though 95 percent of Colombo is covered by a piped water supply system, the distribution […]
Sri Lanka stocks down, rupee stronger
Oct 01, 2013 (LBO) – Sri Lanka’s stocks closed 0.39 percent lower and the rupee gained against the US dollar on export conversions and dollar sales by foreign banks, dealers said. Export conversions and dollar sales by foreign banks saw the rupee gain against the US dollar amidst thin volumes, dealers said. The central bank […]
Sri Lanka stocks flat, rupee steady
Sept 30, 2013 (LBO) – Sri Lanka stocks closed flat amid a broad sell-off of smaller capitalized stocks and the rupee was steady, brokers and dealers said. The benchmark Colombo All Share Price Index (ASPI) closed 5.30 points lower on Monday to 5,803.32, down 0.09 percent after hitting an intraday high of 5,815.84. The S&P […]
Sri Lanka NSB bond gains, yields plunge in aftermarket
Sept 30, 2013 (LBO) – A bond sold by state-run National Savings Bank at 8.875 this month percent surged in the aftermarket to yield as low as 8.05 percent, giving quick capital gains to investors. NSB sold 750 million US dollars of five year bonds amid unsettled market conditions ahead of a US Fed decision […]
Decent Conditions
KATHMANDU, September 27, 2013 (AFP) – Rights groups urged South Asian governments Friday to demand proper protection for their migrant workers amid outrage over the deaths of dozens of Nepalis on projects linked to the 2022 World Cup in Qatar.While Nepal’s government said it would not try to halt the flow of migrant workers after […]