Category: Economy and Markets
Sri Lanka stock close 0.5-pct higher, rupee steady
Oct 07, 2013 (LBO) – Sri Lanka stocks closed 0.50 percent higher on continued investor interest in tobacco and diversified stocks, and the rupee was steady against the dollar, brokers and dealers said. Currency dealers said volumes were thin in the foreign exchange market with demand for US dollars matching supply. The rupee traded at […]
Sri Lanka urban price index up 9.7-pct in September
Oct 04, 2013 (LBO) – Consumer prices in Sri Lanka’s urban centres rose 9.7 percent in the 12-month to September slowing from 9.9 percent in August, an index compiled by private citizens showed. The CAL Urban Price Index, compiled by CAL Research, a Colombo based equity research house, fell 1.8 percent in the month with […]
Sri Lanka future ready enterprise summit kicks off
Oct 04, 2013 (LBO) – A high level conference on building ‘future ready enterprises’ kicked off in Colombo where over 40 resource persons from Sri Lanka and the region are sharing their knowledge and debate issues.Readers of LBO can participate live by at this link. http://www. “The areas of discussion are not what one commonly […]
Sri Lanka rescues Australia-bound boatpeople
COLOMBO, October 4, 2013 (AFP) – Sri Lanka’s navy has rescued 70 would-be illegal immigrants drifting on the high seas in the country’s first detected case of people-smuggling since Australia tightened restrictions on asylum-seekers, officials said Friday.A naval craft picked up the Sri Lankans, including 17 women and 14 children, who had been drifting for […]
Sri Lanka close up 0.4-pct, rupee extends gains
Oct 04, 2013 (LBO) – Sri Lanka stocks closed 0.40 percent higher on speculative trades and the rupee strengthened against the US dollar, brokers and dealers said. The benchmark Colombo All Share Price Index closed 23.15 points higher at 5,837.95, up 0.40 percent after reaching an intraday high on 5,849.76 in late trading, provisional data […]
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 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 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 […]
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. […]