Category: Economy and Markets
Sri Lanka export zone to reopen Thursday
June 01, 2011 (LBO) – Sri Lanka’s Export Processing Zone next to the Katunayake international airport is to be reopened Thursday following violent protests by workers against a new government pension bill they opposed. The Board of Investment said it requests all employees attached to the enterprises in the zone, north of Colombo, to report […]
Sri Lanka Treasuries yields steady
June 01, 2011 (LBO) – Sri Lanka’s Treasury bill yields were steady at Wednesday’s auction the government’s debt office said, with only a part of maturing bills being sold to real buyers. The 3-month yield moved up 01 basis point to 7. 10 percent, the 6-month yield also moved up a basis point to 7.20 […]
Sri Lanka shares end down 0.4-pct
June 01, 2011 (LBO) – Sri Lankan shares ended weaker Wednesday with some interest seen in financial and property stocks, brokers said. The main All Share Price Index closed at 7,387.15, down 0.42 percent (30.92 points) while the more liquid Milanka index rose 0.08 percent (5.45 points) to close at 6,859.06, according to stock exchange […]
Sri Lanka March exports surge 54-pct
May 31, 2011 (LBO) – Sri Lanka’s exports surged 54 percent in March to 1,057 million dollars, topping a billion dollars for the first time helped by a steep increase in industrial goods as well as rising commodity prices, official data showed. Investment goods imports rose 95 percent to 163 million US dollars and consumer […]
Sri Lanka inflation eases to 8.8-pct in May
May 31, 2011 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 8. 8 percent in May 2011 from a year earlier, decelerating from a high of 9.8 percent in April, the government’s statistics office data showed. The country’s interbank money markets are flushed with excess liquidity. But in the month of May the […]
Sri Lanka shares end down 0.7-pct
May 31, 2011 (LBO) – Sri Lankan shares ended weaker Tuesday despite retail buying of popular and speculative stocks, brokers said. Capital Development and Investment Company, which had shot up 303.10 rupees or almost 75 percent Monday to 707.30 rupees, fell almost 10 percent Tuesday to end at 636. 90 rupees. The main All Share […]
” law not to apply to export workers: state
May 30, 2011 (LBO) – A proposed controversial ‘pension’ bill to strengthen state control over forced retirement savings of private sector workers will not apply to export industrial zones, the government said as protesters and police were injured in clashes. Sri Lanka has had three armed uprisings in the past four decades where tens of […]
Sri Lanka shares becalmed
May 30, 2011 (LBO) – Sri Lankan shares ended flat Monday with active trade in newly listed The Multi Finance Company and Capital Development and Investment Company, brokers said. Singer Sri Lanka went up 16.30 rupees or 14.19 percent to end at 131.2 rupees. There were three crossings of a total of 530,000 shares all […]
Sri Lanka IFC investments upped after war
May 30, 2011 (LBO) – International Finance Corporation, the World Bank’s private sector financing arm, said it could double investments in Sri Lanka to nearly 70 million dollars a year after a 30-year war ended in the country. “We are ready to step up our investment in the post conflict era,” Pavol Wajda, program coordinator […]
Sri Lanka IFC in business skill push through web, mobile
May 30, 2011 (LBO) – International Finance Corporation, World Bank’s private sector arm, Dialog Axiata and IBM Corporation is seeing growing use of a web based business training platform backed by mobile delivery in Sri Lanka, officials said. IFC’s business toolkit developed by IBM has been adapted to Sri Lanka since 2008 targeting small and […]
” rise: report
May 29, 2011 (LBO) – Protests against a controversial attempt by the state to grab long term control of private sector workers’ retirement funds and deduct more money from their salaries are rising. The Sunday Times newspaper said more than 10,000 workers from Sri Lanka’s export processing zones took part in protests last week. Workers […]
Sri Lanka shares end up 0.5-pct
May 27, 2011 (LBO) – Sri Lankan shares closed firmer Friday with interest in financial stocks and two newly listed finance companies that soared on their debut making further gains, brokers said. The main All Share Price Index closed at 7,459.58, up 0.54 percent (40.14 points) while the more liquid Milanka index rose 0.15 percent […]