Economy and Markets – Page 650 – Lanka Business Online

” for Indian industry

Dec 15, 2011 (LBO) – Sri Lanka is considered as a priority country for investment by Indian industry, the head of a visiting business mission from the Confederation of Indian Industry (CII) has told the island government. The 13-member CII mission’s main business interests were IT/BPO, auto components, metal and plastic products, electronic and engineering […]

Sri Lanka stocks end down 0.2-pct

Dec 15, 2011 (LBO) – Sri Lankan stocks ended weaker Thursday with some deals seen in companies seen to have strong fundamentals although turnover remained thin, brokers said. The main All Share Price Index fell 0.16 percent (9.67 points) to 5,941.32, while the more liquid Milanka index fell 0.72 percent (37.48 points) to close at […]

Sri Lanka stocks close 0.7-pct

Dec 14, 2011 (LBO) – Sri Lanka’s stocks closed 0. 7 percent Wednesday amid thin trading while bond yields edged up, dealers and brokers said. Colombo’s benchmark All Share Index fell 43.6 points to 5,950.99 points and the Milanka Index of more liquid stocks fell 39.2 points to 5,228.4 points or 0.75 percent. Asha Central […]

Sri Lanka crate law stirs protest

Dec 14, 2011 (LBO) – Sri Lanka’s fresh produce trade including farmers and collectors rioted in several parts of the country amid police tear-gas after authorities started arresting citizens for transporting vegetables without plastic crates. The protests also underline deep flaws in the country’s policy and lawmaking, critics say. On Wednesday vegetable shops in the […]

Sri Lanka 3-month Treasuries up, other bids rejected

Dec 14, 2011 (LBO) – Sri Lanka’s 3-month Treasuries yield increased 15 basis points to 8.43 percent at Wednesday’s auction while the state debt office rejected bids for other maturities. The state offered 10 billion rupees of bills for re-issue and accepted only 4. 7 billion rupees of bids. Six and 12-month bids were rejected. […]

Sri Lanka sovereign bond deal gets accolade

Dec 13, 2011 (LBO) – A billion dollar 10-year sovereign bond for Sri Lanka has won praise from a specialist regional financial publication, saying the deal brought the country closer to seasoned Asian borrowers like Philippines and Indonesia. “Few other contenders can stand up against the sovereign, which has continued to lead the way,” FinanceAsia […]

Sri Lanka relaxes foreign investment in company debt

Dec 13, 2011 (LBO) – Sri Lanka’s central bank said it had lifted a foreign borrowing limit by companies to 50 million US dollars from 20 million, lifted a rate cap on debentures and also slashed the tenor to two years from five. Before 1950 a currency board arrangement (hard peg) placed a hard budget […]

Sri Lanka stocks end up 0.5-pct

Dec 13, 2011 (LBO) – Sri Lankan stocks closed firmer Tuesday in thin trading with turnover falling to one of the lowest in recent times, brokers said. The main All Share Price Index rose 0.50 percent (29.66 points) to 5,994.66, while the more liquid Milanka index rose 0.75 percent (39.34 points) to close at 5,267.74. […]

Sri Lanka bond yields up, money steady

Dec 12, 2011 (LBO) – Sri Lanka’s money and forex markets were steady but bond yields were slightly up in a thin market Monday, dealers said. Meanwhile Central Bank data showed that foreign investors have bought into bills over the last week, reversing some sales earlier. The Central Bank raised limits for foreign holdings of […]

Sri Lanka stocks slip 0.5-pct

Dec 12, 2011 (LBO) – Sri Lanka’s stocks slipped 0.5 percent, with illiquid stocks losing further ground in thin trade, but more fundamentally strong stocks saw some support, brokers said. One million shares of Distilleries traded with the stock closing at 149.10 down 90 cents. In forex markets the rupee continued to be defended at […]

Sri Lanka draws Indian investors

Dec 10, 2011 (LBO) – Indian companies are keen to invest in post-war Sri Lanka given its growth prospects and are looking for opportunities, officials of Price Waterhouse Coopers India said. “These Indian entrepreneurs are looking at the emerging middle class which was the engine of growth for them in India,” he said. Indian businessmen […]

‘s President Sang: interview

Dec 10, 2011 (LBO) – Vietnam is a country which left behind a bitter war civil war with foreign involvement to become a fast growing nation and a top destination for global foreign direct investments following its Äá»•i Má»›i or (renewal) political and market reforms starting from 1986. Vietnam built bridges both internally and externally […]