Category: Economy and Markets
Sri Lanka consumer prices rise 9.5-pct to August
Aug 30, 2012 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 9. 5 percent in August 2012 from a year earlier, easing slightly from 9. 8 percent in July, with the index falling in absolute terms in the month, the state statistics office said. The Colombo Consumer Price Index fell 0. 6 percent […]
Sri Lanka stocks close up 0.2-pct
Aug 29, 2012 (LBO) – Sri Lanka’s stocks closed up 0.2 percent Wednesday in a late rally after running out of steam amid profit taking earlier in the day, brokers said. Free Lanka was next closing at 2.30 rupees with 12.7 million rupees. Index heavy Sri Lanka Telecom extended gains closing up 1.60 rupees at […]
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Aug 29, 2012 (LBO) – Fitch has rated a proposed billion rupee redeemable debt sale by Singer Sri Lanka, a consumer durables retailer ‘A(lka)’ with a stable outlook. “The rating reflects Singer’s market position as one of Sri Lanka’s largest consumer durables retailers, as well as its established franchise and extensive distribution network,” Fitch Ratings […]
India ups health sector aid to Sri Lanka
Aug 28, 2012 (LBO) – India will build a 200-bed ward complex at Vavuniya hospital in Sri Lanka’s north as a fully grant funded 200 million rupee project, the Indian high commission (embassy) in Colombo said. “The Project envisages construction of a four-storey ward complex to improve the existing infrastructure of the Hospital to meet […]
Sri Lanka dairy firm eyes former war zones, exports
Aug 28, 2012 (LBO) – Lanka Milk Foods, a unit of Sri Lanka’s Stassen group said it was eyeing former war zones in the north and east of the country for expansion, while it operated within complex state interventions. LMF’s imported milk business was hit by state price controls and import duties but it also […]
Sri Lanka stocks up 0.29 pct
Aug 28, 2012 (LBO) – Sri Lanka’s stocks closed up 0.29 percent with several large caps and speculative stocks extending gains, while a transfer of Aitken Spence shares boosted turnover, brokers said. Index heavy Sri Lanka Telecom closed AT 39.30 rupees up 1.10 rupees, Distilleries closed at 122.30 rupees up 3.30 and John Keells Holdings […]
Sri Lanka Treasuries yields up
Aug 28, 2012 (LBO) – Sri Lanka’s Treasuries yields edged up across maturities at Tuesday’s auction with the three months yields gaining 05 basis points to 11.41 percent, data from the debt office showed. The 6-month yield rose 05 basis points to 13.07 percent and the 12-month yield rose 04 basis points to 13.31 percent […]
Sri Lanka stocks up 1.2-pct, rupee weaker
Aug 27, 2012 (LBO) – Sri Lanka’s stocks closed up 1.2 percent in a broad based rally that saw index heavy and several small caps making gains, brokers said, while the rupee traded weaker, dealers said. The Colombo All Share Index closed up 60.2 points at 5,073.10, and the S&PSL20 closed up 0.88 percent at […]
Sri Lanka Navy arrests over 1,000 Australia bound migrants over three months
Aug 26, 2012 (LBO) – Sri Lanka’s Navy said it arrested 98 boat people in two multi-day fishing vessels who were bound for Australia, taking the total arrested or rescued to 1,076 in the past three months, according to data released so far. In July the Navy had rescued or intercepted 542 people including 08 […]
Sri Lanka forex reserves US$7.1bn by July 2012
Aug 25, 2012 (LBO) – Sri Lanka’s foreign reserves had risen to 7.1 billion US dollars by end July 2012 from 6,045 million US dollars in June, helped by a loan from the International Monetary Fund and other inflows, the Central Bank said. When remittances, tourism receipts and foreign borrowings are spent by those that […]
Sri Lanka stocks down 0.50 pct
Aug 24, 2012 (LBO) – Sri Lanka stocks closed down 0.50 percent Friday with large cap stocks trading at lower levels, brokers said. The All Share Price Index dropped 25.31 points to close at 5,012.84 down 0.50 percent. The Milanka Index of more liquid stocks fell sharply by 56.29 points to close at 4,636.53 down […]
Sri Lanka stocks close up 0.21 pct
Aug 23, 2012 (LBO) – Sri Lanka stocks closed up 0.21 percent Thursday, with investors picking on selected counters, brokers said. The All Share Price Index gained 10.75 points to close at 5,038.15 up 0.21 percent while the Milanka index of more liquid stocks dropped 1.17 points to close at 4,692.82 down 0.02 percent. The […]