Category: Economy and Markets
Sri Lanka newly listed finance firms soar on debut
May 26, 2011 (LBO) – Sri Lankan shares closed weaker Thursday with two newly listed finance companies soaring on their debut and a property company once again the most actively traded stock, brokers said. The main All Share Price Index closed at 7,419.44, down 0.37 percent (27.25 points) while the more liquid Milanka index fell […]
Sri Lanka bill yield steady
May 25, 2011 (LBO) – Sri Lanka’s 12-month Treasuries yield was flat at 7. 35 percent on Wednesday with, though the 3-month yields edged up marginally, at Wednesday’s auction, the government’s debt office said. The 3-month yield rose 02 basis points to 7.19 percent and the 3-month yield also rose 02 basis points to 7.09 […]
Sri Lanka shares up 0.2-pct
May 25, 2011 (LBO) – Sri Lankan shares closed firmer Wednesday with heavy trading once again in a property firm in which a big stake changed hands last week, brokers said. John Keells Holdings was also actively traded, closing at 300.10 rupees, up 40 cents with over 1.75 million shares changing hands. There were three […]
Sri Lanka shares becalmed
May 24, 2011 (LBO) – Sri Lankan shares closed barely changed Tuesday with heavy trading in a property firm in which a big stake changed hands last week, brokers said. The main All Share Price Index closed at 7,431.97, down 0.10 percent (7.18 points) while the more liquid Milanka index rose 0.06 percent (4.22 points) […]
Sri Lanka stock close 0.5-pct lower
May 23, 2011, 2011 (LBO) – Sri Lanka stocks closed weaker Monday, amid broad sell-off though heavy trading in Colombo Land shares boosted activity, brokers said. The benchmark Colombo All Share Price Index (ASPI) closed down 0.54 percent to end at 7439.15 (40.48 points), while the Milanka index of liquid stocks dropped 0.39 percent (26.60 […]
Sri Lanka inflation to fall in May
May 23, 2011 (LBO) – Sri Lanka’s inflation is expected to come down in May following spike to 9. 8 percent in the 12-month to April and the central bank is comfortable with the current interest rates, Governor Nivard Cabraal said. Sri Lanka has a pegged exchange rate and foreign exchange market interventions generate rupees […]
Sri Lanka private sector urged to hire former combatants
May 23, 2011 (LBO) – An international terrorism expert has suggested Sri Lanka’s private sector should employ former Tamil Tiger separatist fighters who have been rehabilitated to help ensure they don’t return to violence. Sri Lanka’s 30-year ethnic war ended in May 2009 resulting in accelerated economic growth and a tourism boom. Gunaratna said many […]
A call against ad hoc state food restrictions in new bubble
BIG SKY, May 22, 2011 (AFP) – As high food prices push millions of people into poverty, major farming nations are resisting calls to impose trade restrictions and are committing to keep global markets open. APEC — a 21-member Asia-Pacific bloc that encompasses more than half of the world economy and includes the United States, […]
Sri Lanka aims for better rating before $1 bln bond sale
May 21, 2011 (AFP) – Sri Lanka is hoping for a better credit rating to boost its plans to sell a $1 billion sovereign bond this year, an official said Saturday, ahead of a visit by ratings agencies. The Central Bank’s deputy governor Dharma Dheerasinghe said the agencies, Standard and Poor’s, Fitch and Moody’s, will […]
Sri Lanka war-torn regions to show highest nominal growth: CB Governor
May 21, 2011 (LBO) – Sri Lanka former war-torn has shown the highest nominal growth among all regions (before inflation adjustment) after the end of a 30-year war and the momentum is expected to continue, Central Bank Governor Nivard Cabraal said. The war in the north ended in May 2009, but military activities in the […]
Sri Lanka shares end down 0.11-pct
May 20, 2011 (LBO) – Sri Lankan shares closed weaker Friday despite a strong opening after rallying the day before when a deadline to clear broker credit was extended to the end of the year, brokers said. The main All Share Price Index closed at 7,479.63, down 0.11 percent (7.98 points) while the more liquid […]
Sri Lanka shares up 1.75-pct
May 19, 2011 (LBO) – Sri Lankan shares rose strongly Thursday following a widely anticipated announcement by the markets regulator that the margin trading credit settlement period had been extended again, brokers said. The main All Share Price Index closed at 7,487.61, up 1.75 percent (128.92 points) while the more liquid Milanka index rose 1.19 […]