Category: Economy and Markets
Sri Lanka stocks down 0.16 pct
Aug 13, 2012 (LBO) – Sri Lanka stocks closed down 0.16 percent Monday with market trading lacking momentum, brokers said. Nation Lanka, Taj Lanka, PCH Holdings, HNB Assurance and Browns Inv were among the top gainers today. PCH Holdings were up 9.9 percent to close at 11.10 rupees, Browns Investments up 7.4 percent to close […]
Sri Lanka stocks close flat
Aug 10, 2012 (LBO) – Sri Lanka stocks closed flat Friday with the All Share Price Index gaining 2.34 points to close at 4,854.22 marginally up 0.05 percent. The Milanka index of more liquid stocks closed up 0.38 percent at 4,370.88. The S&P index of large cap stocks lost 5.08 points to close at2734.21 down […]
‘s war- torn north records highest economic growth: CB
Aug 10, 2012 (LBO) – Sri Lanka’s northern province which had been badly hit by three decades of war had the highest rate of economic growth in 2011 as a post-war revival continued, the central bank said. The North Western and Southern provinces benefiting from construction, trade, manufacturing, transport, and financial services recorded the next […]
Sri Lanka stocks down 0.78 pct
Aug 09, 2012 (LBO) – Market continued its negative trend with the All Share Price Index losing 37.99 points to close at 4,851.00 down 0.78 percent. The Milanka index of more liquid stocks closed flat at 4,354.45. The S&P index of large cap stocks lost 14.16 points to close at 2,739.29 down 0.51 percent. The […]
Sri Lanka stocks down 0.17 pct
Aug 08, 2012 (LBO) – Sri Lanka stocks closed down Wednesday with less interest in large Blue-chips, brokers said. The All Share Price Index slipped 8.35 points to close at 4,889.87 down 0.71 percent. The Milanka index of more liquid stocks dipped 0.25 percent to close at 4,354.02 and the S&P index of large cap […]
Sri Lanka’s central bank leaves policy rates unchanged
August 07, 2012 (LBO) – Sri Lanka’s Central Bank Tuesday left its trend setting short-term rates unchanged for the fourth straight month as monetary authorities move to cool inflation. The bank said its benchmark reverse repurchase rate, used to manage liquidity and contain inflation, stays at 9. 75 percent. The short-term repurchase rate, at which […]
Sri Lanka stocks down 0.61 pct
Aug 07, 2012 (LBO) – Sri Lanka stocks closed down Tuesday amid increased interest in Ceylon Tobacco Company at 700 rupees, brokers said. Aviva NDB Insurance PLC gained 15.70 to close at 279.70 up 5.93 percent. Colombo Dockyard closed flat at 190.00 rupees. DFCC rose 0.60 cents to close at 110.00 up 0.55 percent. Dialog […]
Sri Lanka stocks down 0.06 pct
Aug 06, 2012 (LBO) – Sri Lanka stocks closed flat Monday after opening trade on a positive note, brokers said. The All Share Price Index slipped 2.97 points to close at 4,928.50 down 0.06 percent. The Milanka index of more liquid stocks slid 0.48 points to close at 4,380.27. The S&P 20 Index of large […]
New Sri Lankan book tackles alternatives to revive state firms
August 05, 2012 (LBO) – A Sri Lankan infrastructure specialist is sharing ideas on how loss-making state enterprises can transform themselves into a profitable venture in a new book written in Sinhala. Apata Galapena Arthika Kramaveda, a collection of articles on economics in Rohan Samarajiva, expert on infrastructure policies and C J Amaratunga, veteran journalist, […]
Sri Lanka, India trade deal seen containing deficit
August 04, 2012 (LBO) – A free trade deal between India and Sri Lanka has actually helped stabilise the island’s trade deficit with her larger neighbour, a senior economist has said. Concerns among Sri Lankan protectionist forces about the Indo-Lanka free trade agreement, that it was lopsided and favoured India, were largely misplaced, said Saman […]
Sri Lanka budget under pressure in May, but current gap narrows
August 03, 2012 (LBO) – Sri Lanka’s budget continued to be under pressure in May with the gap between total revenues at 119 billion rupees or 1.6 percent of gross domestic product but the pace of spending increases has slowed from a month earlier, official data showed. State finances performed much worse that last year, […]
’s Trincomalee district
August 03, 2012 (LBO) – India has agreed to set-up a dedicated economic zone and to build a pharmaceutical hub in Sri Lanka as part of bilateral ties to strengthen economic trade between the South Asian neighbours, a minister said. The manufacturing investment zone, is due to come up in Sri Lanka’s eastern seaport district […]