Category: Economy and Markets
Sri Lanka Treasuries yields fall across maturities
May 23, 2012 (LBO) – Sri Lanka’s Treasuries yields fell across maturities at Wednesday’s auction with the 3-month yield slipping 41 basis points to reach 11. 58 percent, around the levels seen in the secondary market over several days. The 6 month yield fell 8 basis points to 12. 32 percent and the 12 month […]
Sri Lanka small builders in former war zone get German help
May 22, 2012 (LBO) – Small construction contractors in former war zones in Sri Lanka’s East are being given technical help to win construction projects involving post-war rebuilding which they were losing earlier, a German aid agency said. They will be trained in contract management, bidding documents, preparation of bids and claims, quality assurance and […]
Sri Lanka benefits from new $2bn SAARC currency swap
May 21, 2012 (LBO) – Sri Lanka is among the South Asian countries, who will benefit from a 2. 0 billion dollar currency swap arrangement set up by India, a statement said. Funded entirely by India, the swap facility will enable the central banks of Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka to […]
Sri Lankan shares flat
May 18, 2012 (LBO) – Sri Lanka’s tiny stock market closed flat on Friday on lacklustre trade, with buying interest in selected blue chip counters, brokers said. The 280-stock All Share Price Index added 3.38 points or 0.06 percent to close at 5,224.91, while the 25-stock Milanka Price Index crept-up 15.49 points or 0.33 percent […]
Sri Lanka bond yields ease
May 18, 2012 (LBO) – Sri Lanka’s bond yields edged lower as more money as earlier increases in rates drew more money into the market, and short term rates fell below this week’s auction prices dealers said. During the current balance of payments crisis the rupee fell from 110 to 130 to the US dollar. […]
Sri Lanka consumer durables retailer March net up
May 17, 2012 (LBO) – Singer (Sri Lanka) Plc, a top consumer durables retailer said sales were strong despite currency depreciation in the first quarter as harvests were good in rural areas, thought television sales fell. In the March 2012 quarter profits grew 35 percent to 337 million rupees. The firm reported earnings of 2. […]
Sri Lanka stocks flat, turnover third lowest for the year
May 17, 2012 (LBO) – Sri Lankan share prices were virtually flat on Thursday, with a lack of investor appetite, when trading dominated by small sized stocks, brokers said. Colombo’s broader All Share Price Index, crept up 0.01 percent or 0.76 points to close at 5,214.44, while the more liquid Milanka Price Index slipped 3. […]
Overseas Sri Lankan status to precede dual citizenship: minister
May 17, 2012 (LBO) – Sri Lanka will introduce an ‘Overseas Sri Lankan’ status for people who have renounced citizenship and their children which will be followed by dual citizenship later, minister Lakshman Abeywardene said. ‘Overseas Sri Lankans’ would be able to come and reside in the country dual citizenship will be given after a […]
Sri Lanka short term Treasuries yields drop
May 16, 2012 (LBO) – Sri Lanka’s three month Treasuries yields dropped, though longer tenures moved up with record volumes of bills being sold by open auction, data released by the state office showed. The 3-month yield dropped 20 basis points to 11. 99 basis points, the 6-month yield rose 10 basis points to 12. […]
Sri Lankan stocks up 1.71 percent
May 16, 2012 (LBO) – Sri Lankan share prices continued to edge up Wednesday, driven largely by investor interest in Sampath Bank PLC and Asiri Medical Services Limited, brokers said. The benchmark All Share Price Index moved up 1.71 percent or 87.82 points to close at 5,213.68 while the more liquid Milanka Price Index gained […]
Sri Lankan shares up 0.19 percent
May 15, 2012 (LBO) – Sri Lankan share prices crept up on Tuesday, pepped-up by investor interest in selected bluechip counters, but the overall market sentiment remained subdued, brokers said. The benchmark All Share Price Index gained 9.98 points or 0.19 percent to close at 5,126.29 while the more liquid Milanka Price Index added 10.94 […]
Sri Lankan stocks end losing streak
May 14, 2012 (LBO) – Sri Lankan share prices on Monday edged up after nine straight days in the red, largely driven by buying interest in oil palm stocks, brokers said. Monday’s turnover was dominated by conglomerate John Keells Holdings PLC, which has investments in leisure, financial services, IT and transport. JKH, the largest capitalised […]