Category: Economy and Markets
Sri Lanka stocks close lower 0.46 pct
October 26, 2012 (LBO) – Sri Lanka stocks closed down 0.46 percent Friday with most high cap banking & financial stocks closing lower. Distilleries Company of Sri Lanka PLC closed flat at 141.90 rupees. Index heavy John Keells Holdings PLC gained 0.10 cents to close at 208.10 rupees up 0.05 percent. Commercial Bank slipped 0.50 […]
Sri Lanka stocks closed up 0.60 pct
October 25, 2012 (LBO) – Sri Lanka stocks closed up 0.60 percent Thursday helped by blue chips and retail counters, brokers said. The Colombo All Share Index closed at 5,576.72 up 33.47 points and the S & P SL 20 Index closed 1.19 points higher at 3009.59 up 0.04 percent. Turnover was 271 million rupees. […]
Sri Lanka key tax revenues up 8-pct to Sept
Oct 25, 2012 (LBO) – Taxes collected by Sri Lanka’s internal revenue office rose 8 percent to 369 billion rupees up to September 2012, from a year earlier commissioner general Mallika Samarasekera said. With a so-called simplified VAT (SVAT) system coming into effect, refunds made to exporters had fallen she said. Sri Lanka’s value added […]
Sri Lanka stocks close down 0.24 pct
October 24, 2012 (LBO) – Sri Lanka stocks closed down 0.24 percent Wednesday losing gains made earlier in the day. Commercial Bank slipped 0.80 cents to close at 104.30 rupees down 0.76 percent. DFCC Bank dropped 0.30 cents to close at 108.30 rupees down 0.28 percent. Hatton National Bank PLC gained 2.90 rupees to close […]
Sri Lanka Treasuries yields up, rupee down
Oct 24, 2012 (LBO) – Sri Lanka’s Treasuries yields rose for 6 and 12 month maturities with bids for three months securities being rejected at Wednesday’s auction, data from the state debt office showed, while the rupee weakened. The 6-month yield rose 07 basis points to 11.90 percent, and the 12-month yield rose 11 basis […]
Sri Lanka betters Doing Business ranking
Oct 23, 2012 (LBO) – Sri Lanka has bettered its ranking to 81 from 89 in an ease of doing business ranking compiled by the World Bank and International Finance Corporation by computerizing key processes. In South Asia Maldives was ranked 95, Pakistan 107, Nepal 108, Bangladesh 129, India 132, Bhutan 138 and Afghanistan 168. […]
Sri Lanka rates unchanged; private credit as envisaged: CB Governor
Oct 23, 2012 (LBO) – Sri Lanka has kept its key policy rate at which money is injected in to the banking system unchanged at 9.75 percent and private sector credit was slowing as expected, Central Bank Governor Nivard Cabraal said. The currency can also strengthen and reserves can be built up if the state […]
Sri Lanka parliament has little control over finances: legislator
Oct 22, 2012 (LBO) – Sri Lanka’s parliament has no real control over public finances with the arm of the government not even having a budget committee, though the country’s constitution says otherwise, a legislator said. But in countries where liberal thought is not valued, and where nationalism and interventionism prevails, parliamentary sovereignty can lead […]
Sri Lanka stocks closed down 1.69 pct
October 22, 2012 (LBO) – Sri Lanka stocks closed down 1.69 percent Monday with most blue-chips trading at lower prices. The Colombo All Share Index closed at 5,553.89 down 95.64 points and the S & P SL 20 Index closed 31.96 points lower at 3010.02 down 1.05 percent. Turnover dipped to a two month low […]
Sri Lanka stocks closed up 0.70 pct
October 18, 2012 (LBO) – Sri Lanka stocks closed up 0.70 percent Thursday with several blue chips making marginal gains. The Colombo All Share Index closed at 5,625.32 up 38.92 points and the S & P SL 20 Index closed 11.67 points higher at 3,029.00 up 0.39 percent. Turnover was 621 million rupees. JKH led […]
Sri Lanka Central Bank to sell down Treasury bill stock: Governor
Oct 18, 2012 (LBO) – Sri Lanka’s Central Bank will gradually sell down its Treasury bill stock, as they come up for maturity, Governor Nivard Cabraal said, in a move which can strengthen the island’s rupee peg and increase foreign reserves. A T-bill sell-down will stop the rupees from being given as loans by banks, […]
Sri Lanka war refugee re-settlement backed by the US
Oct 18, 2012 (LBO) – The United States has given 3. 0 million US dollars to three organizations to help re-settle war refugees with sufficient shelter, access to water and sanitation, the US embassy in Colombo said. The money will be used in Mullaitivu and Killinochchi districts in Sri Lanka’s north, by three charities; ZOA […]