Category: Economy and Markets
Sri Lanka shares end down 0.7-pct
June 06, 2011 (LBO) – Sri Lankan shares ended lower Monday with trade dominated by the acquisition of a stake in Panasian Power, a mini hydro firm, by Emagewize, brokers said. The main All Share Price Index closed at 7,355.43, down 0.68 percent (50.59 points) while the more liquid Milanka index came down 0.26 percent […]
Sri Lanka skipper Dilshan defies England
LONDON, June 4, 2011 (AFP) – Sri Lanka captain Tillakaratne Dilshan led from the front with an unbeaten century as the tourists fought back against England on the second day of the second Test at Lord’s here Saturday. At stumps, Sri Lanka were 231 for one, 255 runs behind England’s first innings 486. Dilshan, who […]
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June 03, 2011 (LBO) – Sri Lanka spent 5. 5 billion US dollars in its military campaign which crushed Tamil Tiger separatists, far less than what foreign powers spent on their current wars, central bank governor Nivard Cabraal said. “It was a vital investment not an expenditure like what many people would think it is,” […]
Sri Lanka deploys troops at free-trade zone
June 3, 2011 (AFP) – Sri Lanka deployed heavily-armed troops around the country’s main free-trade zone on Friday as tension mounted ahead of the weekend funeral of a factory worker shot dead by police, officials said. Soldiers were placed in the Katunayake zone, just next to the country’s only international airport where a range of […]
Sri Lanka shares end up 0.4-pct
June 03, 2011 (LBO) – Sri Lankan shares ended higher after four days of falls with trade dominated once again by Colombo Land & Development Company, brokers said. The main All Share Price Index closed at 7,406.02, up 0.41 percent (30.12 points) while the more liquid Milanka index rose 0.11 percent (7.43 points) to close […]
Sri Lanka state withdraws controversial pension bill
June 03, 2011 (LBO) – Sri Lanka minister of labour has withdrawn a proposed law to build a third state controlled pension fund from the salaries of private sector workers, following protests that left at least one worker dead. Sri Lanka’s labour minister Gamini Lokuge has formally withdrawn the bill, the department of labour said […]
Sri Lanka pension bill protestor dies
June 02, 2011 (LBO) – A Sri Lankan worker who was shot while protesting a state plan to deduct more money from private sector worker salaries to build a new state-controlled pension fund has died as the country’s police chief stepped down. The proposed plan would see deductions going up further. Sri Lanka’s state workers […]
Sri Lanka central bank to restore second historic building
June 02, 2011 (LBO) – Sri Lanka’s central bank which has restored a historic building in Colombo city’s old quarter which features colonial era architecture will begin work on a second building that it has bought, a top official said. The central bank officially opened ‘Lloyds Building’ in Sir Baron Jayetilleke Mawatha in Colombo’s Fort […]
Sri Lanka shares end down 0.2-pct
June 02, 2011 (LBO) – Sri Lankan shares ended weaker Thursday with heavy trading in property firm Colombo Land & Development Company, which got a new board of directors and was the day’s highest gainer, brokers said. The main All Share Price Index closed at 7,375.90, down 0.15 percent (11.25 points) while the more liquid […]
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 tax collections up but revenue deficit wide in 1Q
June 01, 2011 (LBO) – Sri Lanka’s first quarter 2011 state revenues rose 19. 5 percent from a year earlier to 218.4 billion rupees ahead of annual projections of 17. 8 percent with people paying 24.3 percent more taxes , but the revenue deficit was wide. Current expenses pulled ahead at a 9. 9 percent […]
Sri Lanka arrests police over firing at protesters
June 1, 2011 (AFP) – Two senior Sri Lankan police officers have been arrested over live rounds fired at protests against a pension bill at which 150 people were injured in violent clashes. Police spokesman Prishantha Jayakody said the two inspectors were held over their conduct at Monday’s protest in Katunayake, a town near the […]