Category: Economy and Markets
Sri Lanka shares end down
Jan 20, 2012 (LBO) – Sri Lankan shares ended weaker once again Friday amid continuing selling pressure with turnover also falling, brokers said. Environmental Resources Invetsments was also heavily traded, closing at 30.10 rupees, down 50 cents. Commercial Bank gained 10 cents to close at 100 rupees. The main All Share Price Index closed down […]
Sri Lanka Treasuries yields flat
Jan 19, 2012 (LBO) – Yields on Sri Lankan Treasury Bills remained mostly flat at Wednesday’s auction for the fourth consecutive week, with 12,693 million rupees of bills sold, the state debt office said. The 3-month yield fell one basis point to 8.67 while the 6-month yield stayed at 8. 71 percent and the 12-month […]
Sri Lanka at risk from global slowdown: World Bank
Jan 19, 2012 (LBO) – Sri Lanka’s post-war economic rebound is slowing and financial problems in key Western markets could reduce demand for the island’s exports and hit earnings from worker remittances and tourism, the World Bank said. Given the possibility of further weakening in the global economy, efforts at greater revenue mobilization particularly in […]
Sri Lanka shares end down one-pct
Jan 19, 2012 (LBO) – Sri Lankan shares slumped again Thursday as selling pressure continued despite the regulator agreeing to demands from stock brokers to lend more money to buy stocks, brokers said. PC Pharma which began trading this week closed at 54.60 rupees, up three rupees, with a million shares crossed at 52 rupees […]
Sri Lanka mulls bond indices
Jan 18, 2012 (LBO) – Sri Lanka’s NDB AVIVA Wealth Management is working with India’s CRISIL rating and research agency to create indices to measure the performance of fixed income securities in the island. Experts from CRISIL, a subsidiary of Standard and Poor’s, have already analyzed data from the Sri Lanka’s government security market and […]
Sri Lanka in deals with Qatar sovereign fund, real estate unit
Jan 18, 2012 (LBO) – Sri Lanka has signed co-operation deals with Qatar Holdings LLC, a sovereign wealth fund and its wholly owned real property unit following a visit to the island by the emirate’s ruler, the foreign ministry said. Qatar Diar Real Estate Investment Company has signed a deal with Sri Lanka’s Board of […]
Sri Lankan shares slump 1.3-pct
Jan 18, 2012 (LBO) – The slide in Sri Lankan shares deepened Wednesday, despite the regulator allowing brokers to lend more money to buy stocks, brokers said. Newly listed Asia Asset Finance was the most actively traded stock and the day’s second biggest loser, closing at 5. 50 rupees, down three rupees with 21.1 million […]
Sri Lanka shares slump despite more broker credit
Jan 17, 2012 (LBO) – Sri Lankan shares ended weaker Tuesday, failing to hold on to gains in a sharp rally at the opening, despite the regulator allowing brokers to lend more money to buy stocks, brokers said. The main All Share Price Index closed down 0.08 percent (4.73 points) at 5,924.61, while the more […]
Sri Lanka, India fisheries talks soft on poaching
Jan 15, 2012 (LBO) – Talks between India and Sri Lanka on fisheries have ended with no deal on firm action to stop poaching by south Indian fishermen in the island’s northern waters. “Acknowledging that fisheries involved the socio-economic and livelihood dimensions of the fishermen living in coastal areas in India and Sri Lanka, the […]
Sri Lanka expects most FDI for infrastructure in 2012
Jan 13, 2012 (LBO) – Sri Lanka is expecting most of the two billion US dollars of foreign direct investment targeted for 2012 to flow into infrastructure with 400 million US dollars going into tourism, an official said. Head of Sri Lanka’s Board of Investment, M M C Ferdinando said about a billion US dollars […]
Sri Lanka to expand food stamps to former war zones
Jan 13, 2012 (LBO) – Sri Lanka will expand a food stamp scheme to former war zones in the east adding an estimated 100,000 families to 1. 5 million already on the scheme, deputy economic development minister Lakshman Abeywardene said. “We did not want to remove the program until their incomes are stable. “We have […]
Sri Lanka stocks end down 0.2-pct
Jan 13, 2012 (LBO) – Sri Lankan stocks closed weaker Friday, losing some of the gains in Thursday’s rally, although turnover stayed above a billion rupees, brokers said. The main All Share Price Index closed down 0. 22 percent (13.13 points) at 5,929.34, while the more liquid Milanka index fell 0. 39 percent (19.59 points) […]