Category: Economy and Markets
Sri Lanka Treasuries yields ease
July 10, 2013 (LBO) – Sri Lanka’s Treasuries yields edged 02 basis points across maturities with the 12-month yield falling to 10.64 percent at Wednesday’s auction, the state debt office said.The 3-month yield also fell 02 basis points to 8.63 percent and the 6-month yield fell 02 basis points to 9.68 percent, the state debt […]
Sri Lanka fisheries, port industries eyed by Russia: biz association
July 09, 2013 (LBO) – Russian investors are looking at Sri Lanka’s fisheries, agriculture and port industries in Trincomalee, a country’s senior envoy had said in Colombo, a business association said.The Sri Lanka – Russia business council of the Ceylon Chamber quoted counselor of Russian Federation, Evgeni Sergienko, as saying at their annual general meeting […]
Sri Lanka stocks down 0.2-pct.
July 09, 2013 (LBO) – Sri Lanka’s stocks closed down 0.26 percent on Tuesday with the market down for the fifth consecutive day amid losses in index heavy stocks, brokers said. The benchmark Colombo All Share Index closed 15.48 points lower at 5,980.16 and the S&P SL 20 Index closed 03.53 points lower at 3,347.96 […]
Sri Lanka forex markets in spot next mode
July 09, 2013 (LBO) – Sri Lanka’s forex markets continued to trade in the spot-next market where settlement is three days ahead, with the spot market remaining dry for the second day running and interbank liquidity high, dealers said. In the spot market, where deals are settled two days later there were no quotes amid […]
Sri Lanka rupee weak, excess liquidity high
July 08, 2013 (LBO) – Sri Lanka rupee weakened Monday and quotes in the spot market dried up following moral suasion dealers said, as high levels of liquidity remained in money markets from a reserve ratio cut. In the spot market where trades are settled two days later, which is usually the most active segment, […]
Sri Lanka stocks down 0.8-pct
July 08, 2013 (LBO) – Sri Lanka’s stocks closed 0.68 percent lower Monday, amid losses in diversified companies and banking stocks, down 8.0 percent from a May 23 peak so far, brokers said. The benchmark Colombo All Share Index closed at 5995.64, down 52.54 points lower and the and the S&P SL 20 Index closed […]
South Asia need freer trade to have food security: policy advocate
July 5, 2013 (LBO) – South Asian countries could improve food security by avoiding export restrictions in food and increases in overall trade will also help reduce poverty, a regional policy advocate said.Banning exports of food to neighboring countries and the rest of the world whenever prices go up should be avoided, Bipul Chatterjee, deputy […]
Sri Lanka stocks down 0.4-pct
July 05, 2013 (LBO) – Sri Lanka’s stocks closed down 0.41 percent on Friday with the market down for the third consecutive day amid losses in diversified companies and banking stocks, brokers said. The Lion Brewery closed at 399.00 down 09.00 rupees and Distilleries Company closed at 190.70 rupees down 1.80 rupees. The benchmark Colombo […]
Sri Lanka stocks down 0.7-pct
July 04, 2013 (LBO) – Sri Lanka’s stocks closed down 0.73 percent on Thursday with losses in diversified companies and banking stocks, brokers said. Distilleries Company closed flat at 192.50 rupees and Ceylon Tobacco Company closed at 995.70 rupees down 3.80 rupees. Trading Thursday Sri Lanka stocks down 0.7-pct July 04, 2013 (LBO) – Sri […]
Sri Lanka income taxes collections up following lower rates
July 03, 2013 (LBO) – Sri Lanka’s income tax collection have risen sharply in the first few months of the year, despite a slowing economy after rates were brought down as part of tax reforms in 2011, according to a finance ministry report.The finance ministry said it reflected “a favourable consolidation of the impact of […]
Sri Lanka stocks down 0.4-pct
July 03, 2013 (LBO) – Sri Lanka’s stocks closed down 0.37 percent on Wednesday following gains of three straight days with losses in the diversified and consumer companies and some banking stocks, brokers said. The benchmark Colombo All Share Index closed 22.82 points higher at 6,117.97 and the S&P SL 20 Index closed 29.51 points […]
Sri Lanka Treasuries yields flat
July 03, 2013 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with only the 3-month yield easing one basis point to 8.65 percent, data from the state debt office showed.The 6-month yield was flat at 9.70 percent and the 12-month yield was also flat at 10.66 percent. The debt office said 579 […]