Category: Economy and Markets
Sri Lanka stocks close up 0.8-pct
May 09, 2011 (LBO) – Sri Lankan stocks closed higher Monday after losses most of the previous week with corporate earnings anticipated this week expected to lift the market, brokers said. The main All Share Price Index closed at 7,377.86, up 0.80 percent (58.71 points) while the more liquid Milanka index rose 0.35 percent (23.53 […]
Sri Lanka stocks becalmed
May 06, 2011 (LBO) – Sri Lankan stocks closed flat Friday despite the previous day’s rebound after four days of falls with brokers saying recent credit limits imposed by regulators was keeping the market stagnant. The main All Share Price Index closed at 7,319.15, up 0.03 percent (1.98 points) while the more liquid Milanka index […]
Sri Lanka stocks rebound
May 05, 2011 (LBO) – Sri Lankan shares rebounded after four days of falls, the indices lifted by gains in index heavy shares, although trading turnover was thin, brokers said. The main All Share Price Index closed at 7,317.17, up 1.44 percent (103.84 points) while the more liquid Milanka index rose 0.84 percent (56.02 points) […]
‘s rise: ADB
HANOI, May 4, 2011 (AFP) – Reducing corruption and improving government accountability are the greatest challenges to making Asia the world’s wealthiest region by 2050, the Asian Development Bank said Wednesday. The continent is undergoing a historic transformation, according to a study for the bank unveiled at its annual meeting in Vietnam. “If it continues […]
Sri Lanka Treasuries yields steady
May 04, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with the government rolling over a 10 billion rupee stock of maturing bills, according to data released by the government’s debt office. The 3-month yield rose 01 basis point to 7. 05 percent, the 6-month yield rose 01 basis point to […]
Sri Lanka stocks end down 0.79-pct
May 04, 2011 (LBO) – Sri Lanka stocks closed 0. 7 percent lower, falling for the fourth straight day as credit tightened and a recently listed stock slumped to its initial offer price in intra-day trade, brokers said. Diesel and Motor Engineering closed 27.60 rupees lower at 1,475.30 weighed down by hiked taxes on imported […]
Sri Lanka average prices steady from February: CB
May 4, 2011 (LBO) – Sri Lanka’s average price level measured by an index at the capital Colombo, has been steady since February though non-food items have taken up the slack created by falling food prices, an official statement said. In April prices rose 9.8 percent from a year earlier, despite food prices falling 1. […]
Sri Lanka stocks close 0.7-pct lower
May 04, 2011 (LBO) – Sri Lanka stocks closed 0.7 lower, falling for the fourth straight day as credit tightened and a recently listed stock slumped its initial offer price in intra-day trade, brokers said. Commercial Bank non-voting shares closed down 3.70 at 175, while its voting shares were flat at 265 and PABC Bank […]
Wrong strategy could worsen dengue epidemics: study
PARIS, 2011 (AFP) – The wrong approach to wiping out the mosquitoes that cause dengue infections could lead to worse epidemics in the future, according to a study released Tuesday. Targeting only mosquito larvae, and not adults, with insecticides may work in the short run, but could result in higher resistance in the insects and […]
Sri Lanka stocks end down 1.2-pct
May 03, 2011 (LBO) – Sri Lankan shares closed down Tuesday with losses in high value shares dragging the indices down and turnover boosted by large deals among oil palm companies, brokers said. The main All Share Price Index closed at 7,270. 67, down 1.17 percent (86.30 points) while the more liquid Milanka index fell […]
Sri Lanka smokers cough up taxes worth 1-pct of GDP
Apr 30, 2011 (LBO) – Sri Lanka’s smokers have coughed up 56 billion rupees in taxes collected through Ceylon Tobacco Company, a unit of British American Tobbacco which is equal to one percent of gross domestic product, the company said. Taxes rose by 3.7 percent or 7.0 percent from a year earlier. CTC chairman Jayampathy […]
Sri Lanka inflation accelerates to 9.8-pct in April
Apr 29, 2011 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 9. 8 percent in April from a year earlier, accelerating from 8.6 percent in March, data from the government’s statistics office data showed. But excess liquidity remains close to 100 billion rupees, or about a third of the money officially defined monetary […]