Category: Economy and Markets
Sri Lanka stocks close 2.1-pct higher
Mar 17, 2011(LBO) – Sri Lankan stocks closed 2. 16 percent higher Thursday, rebounding for a second consecutive day after three days of losses with gains seen across the board, brokers said. Piramal Glass closed at 11.40, up 0.50 cents with 2.6 million shares traded. The All Share Price Index closed at 7,269. 59, up […]
Sri Lanka equities could be buffeted by Japan fallout: brokerage
Mar 17, 2011 (LBO) – Sri Lanka’s economy may not be much affected by the devastation in Japan in the short term but a global fallout may impact commodity prices and capital flows, analysts and officials said. “The direct impact of the Japanese natural disaster on the Sri Lanka economy should be small,” Heraymila Securities […]
Sri Lanka investors get fast track to settle in Britain
Mar 17, 2011 (LBO) – New visa rules will allow investors and entrepreneurs who invest large sums of money or create jobs and “exceptionally talented migrants” to settle permanently in the UK faster, a statement said. The move is an effort to lure the wealthy and brainy from other countries like India to help the […]
Sri Lanka moves against child labour
Mar 17, 2011 (LBO) – The Sri Lankan government plans to allocate more funds to a campaign to eliminate the worst forms of child labour by 2016, a statement said. “The funds will be used to train duty bearers, raise awareness and promote behavioural change amongst communities vulnerable to the worst forms of child labour.” […]
Sri Lanka Treasuries flat
Mar 16, 2011 (LBO) – Sri Lanka’s Treasuries yields were flat with only a part of a 9.0 billion stock of maturing bills being sold to real buyers at Wednesday’s auction, the government’s debt office said. Sri Lanka’s inflation rose to 7. 8 percent in February and markets have become jittery with two way quotes […]
Sri Lanka inflation stumps markets
Mar 16, 2011 (LBO) – Sri Lanka’s rising inflation and negative real rates have stumped markets with bond liquidity vanishing, quotes widening and forward dollar premiums doubling amid uncertainty and lack of direction, dealers said. The weighted average prime lending rate has also started to move up slightly to 9.25 percent in the week ending […]
Sri Lanka stocks recover
Mar 16, 2011(LBO) – Sri Lankan stocks closed 1.2 percent higher Wednesday with the market rallying following three days of losses and investors doing some bargain hunting, brokers said. The All Share Price Index closed at 7,115. 62, up 1.23 percent (86.60 points) while the Milanka Price Index of more liquid stocks closed at 6,643. […]
Sri Lanka stocks extend losses
Mar 15, 2011(LBO) – Sri Lankan stocks fell sharply Tuesday extending Monday’s losses due to credit issues and global concerns, brokers said. The All Share Price Index closed at 7,029. 02, down 1.96 percent (140.74 points) while the Milanka Price Index of more liquid stocks closed at 6,608. 72, down 1.63 percent (109.35 points), according […]
Sri Lanka land prices seen rising
Mar 14, 2011 (LBO) – Land prices in Sri Lanka are set to rise with interest rates seen “benign” this year and remittances from migrant workers who send money back to build homes staying strong, the central bank said. “When the asset prices fall, financial markets, investors and financial institutions are adversely affected and such […]
Sri Lanka stocks fall sharply
Mar 14, 2011(LBO) – Sri Lankan stocks fell sharply Monday, extending losses from the previous week with forced selling by retail investors sending the market down across-the-board, brokers said. The All Share Price Index closed at 7,169.76, down 1.96 percent (143.26 points) while the Milanka Price Index of more liquid stocks closed at 6,718.07, down […]
Sri Lanka private pension fund makes equity gains
Mar 12, 2011 (LBO) – A pension fund of private Sri Lankan citizens managed by the state has made large capital gains by investing in stocks with the share of equity in the 900 billion rupees fund rising to 5.0 percent from 1.3 percent, its managers said. Sri Lanka’s Employees Provident Fund, which is made […]
Sri Lanka private worker pension funds pays 12.5-pct
Mar 12, 2011 (LBO) – A pension fund of private citizens of Sri Lanka worth 900 billion rupees, the island’s biggest investment fund, has paid 12. 5 percent to its beneficiaries in 2010 its state managers said. The central bank said annual contributions rose 12. 5 percent and active members increased 9.5 percent “reflecting the […]