Category: Economy and Markets
Sri Lanka budget deficit 4.0-pct of GDP in first half
Sep 10, 2012 (LBO) – Sri Lanka has run a deficit of 4. 0 percent of gross domestic product in the first half of the year, though there are signs that more taxes are being extracted out of citizens to cover state spending, official data shows. The revenue deficit or the gap between money spent […]
Sri Lanka stocks close up 0.3-pct
Sept 06, 2012 (LBO) – Sri Lanka stocks closed up for the eighth straight trading session gaining 0.3 percent helped a steep rise in Commercial Leasing and Finance Company boosting the index, brokers said. Asiri Surgical rose 20 cents to close at 8.30 rupees, Bogowantalawa Tea Estates closed up 80 cents at 16.70 rupees. John […]
Sri Lanka business forum on Mekong area opportunities on Sept 20
Sept 06, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said it is holding a business forum with the participation of the World Bank’s International Finance Corporation is to discuss opportunities in the Greater Mekong region in South East Asia. Dorabawila will speak on ‘South-South Business Development and Investment for Sri Lanka: Opportunities and […]
Sri Lanka Treasury bill yields up
Sept 05, 2012 (LBO) – Sri Lanka’s Treasury bill yields edged up slightly across maturities at Wednesday’s auction with the 12 month yield gaining 05 basis points to 13.36 percent, data released by the state debt office showed. The 6-month yield also rose 05 basis point to 13.12 percent and the 3-month yield rose 03 […]
Sri Lanka stocks close up 1.5-pct
Sept 04, 2012 (LBO) – Sri Lanka stocks closed up for the fifth straight day gaining 1.5 percent with retail buying support and plantations related stocks moving up, brokers said. The Colombo All Share Price Index closed at 5,379.22 up 76.23 points and the S&L SL20 closed up 1.16 percent at 2,931.4 gaining 33.5 points. […]
Sri Lanka US$450mn tower block by India group to have 88-storeys
Sept 03, 2012 (LBO) – A real estate project by India’s Krrish group in the heart Sri Lanka’s capital Colombo will have four towers including an 80 storey one sitting on a 10-storey podium block, the island, investment promotion agency said. State land around ‘Transworks House’ a British colonial era administration building will be given […]
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 […]
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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 […]
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 […]
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 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 […]
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 […]