Category: Economy and Markets
Sri Lanka stocks closed down 0.39 pct
October 17, 2012 (LBO) – Sri Lanka stocks closed down 0.39 percent Wednesday recording the lowest turnover in two months. The Colombo All Share Index closed at 5,586.40 down 21.73 points and the S & P SL 20 Index closed 19.61 points lower at 3,017.33 down 0.65 percent. Turnover was 372 million rupees, the lowest […]
Sri Lanka Treasuries yield up at auction
Oct 17, 2012 (LBO) – Sri Lanka’s Treasuries yields edged up slightly at Wednesday’s auction with the 12 month yield rising 07 basis points to 12. 39 percent, data from the state debt office showed. The 03 month yield rose 03basis points to 10. 66 percent and 06-month yield rose 06 basis points to 11. […]
” debate meaningless: IMF Rep
Oct 16, 2012 (LBO) – Debating whether Sri Lanka’s rupee is ‘overvalued’ is a wasteful exercise as models used to determine some intrinsic value of an exchange rate are not worth the paper they are written on, an International Monetary Fund official said. “Economists – we – have these models,” IMF’s resident representative Koshy Mathai […]
Sri Lanka stocks closed down 0.81 pct
October 16, 2012 (LBO) – Sri Lanka stocks closed down 0.81 percent Tuesday with several blue chips losing ground. The Colombo All Share Index closed at 5,608.13 down 45.67 points and the S & P SL 20 Index closed 18.92 points lower at 3,036.94 down 0.62 percent. Turnover was 515 million rupees. Top contributors to […]
Sri Lanka stocks closed down 1.47 pct
October 15, 2012 (LBO) – Sri Lanka stocks closed down 1.47 percent Monday with most blue-chips trading below previous closing prices. Coco Lanka fell with investors giving thumbs down to a cash call to move into fast moving consumer goods retailing. The Colombo All Share Index closed at 5,653.80 down 84.44 points and the S […]
Sri Lanka hikes prices of cement, poultry
Oct 14, 2012 (LBO) – Sri Lanka’s consumer affairs authority, which has imposed price controls on chicken and cement, has raised the prices of the items media reports said. Poultry which is under price control also has import protection. Sri Lanka’s cost of production of poultry is artificially high duty to import protection given to […]
Sri Lanka budget: nobody said deficit is too large: Treasury Secretary
Oct 13, 2012 (LBO) – Not a single representative of the public or business community that had met Sri Lanka’s President Mahinda Rajapaksa, who is also finance minister, ahead of next month’s budget said the deficit was too large, an official said. Critics say the ruling political elite of all hues, has successfully maintained a […]
Sri Lanka stocks closed up 0.30 pct
October 12, 2012 (LBO) – Sri Lanka stocks ended a streak of losses and closed up 0.30 percent Friday. Dialog Axiata PLC closed flat at 8.50 rupees. Index heavy John Keells Holdings PLC gained 1.90 rupees to close at 205.40 rupees up 0.93 percent. The Colombo All Share Index closed at 5,738.24 up 17.38 points […]
Sri Lanka to discuss new program later: IMF Rep
Oct 12, 2012 (LBO) – A separate mission would arrive in Sri Lanka to have discussion on an ongoing program with Sri Lanka with the end of a successful 2. 5 billion US dollar standby arrangement, an International Monetary Fund official said. IMF’s resident representative in Colombo Koshy Mathai said a mission that had just […]
Sri Lanka stocks close down 0.89 pct
October 11, 2012 (LBO) – Sri Lanka stocks continued a losing streak and closed down 0.89 percent Thursday with sharp drops seen in several counters earlier in the day, brokers said. The Colombo All Share Index closed at 5,720.86 down 51.66 points and the S & P SL 20 Index closed 34.82 points lower at […]
Sri Lanka mine clearing boosted by Japan
Oct 11, 2012 (LBO) – Japan has give 96 million rupees (737,575) US dollars to clear mines in Sri Lanka’s former war zones where a civil war raged for 30-years until 2009, to help war refugees return to their former homes. The Japanese embassy in Colombo said the money will be used by Delvon Assistance […]
” ranking
Oct 11, 2012 (LBO) – Sri Lanka expects to move up on an ease of doing business ranking compiled by World Bank group for 2013, a multilateral lender, the island’s central bank which has been involved in moves to improve the ranking said. A state or territory can move down on the rankings even without […]