Category: Economy and Markets
Sri Lanka needs to regain export share, focus on Asia: IMF economist
Feb 02, 2011 (LBO) – Sri Lanka needs to boost its export sector at least to regain where it was in the share of exports to Gross Domestic Product about 10 years ago, a visiting economist said. “Probably Sri Lanka has the need to boost the export sector at least to regain where it was […]
Sri Lanka shares end up 0.99-pct
Feb 02, 2011(LBO) – Sri Lankan stocks closed up Wednesday with active trading seen in the food and beverage sector as well as in index heavy stocks like John Keells Holding, brokers said. The All Share Price Index closed at 7,262. 26, up 0.99 percent (71.49 points) while the Milanka Price Index of more liquid […]
Sri Lanka Treasuries yields ease
Feb 02, 2011 (LBO) – Sri Lanka’s Treasury bills yields eased at Tuesday’s auction with the government raising 21. 5 billion rupees after offering 11 billion rupees in bills for roll-over. The 3-month yield fell one basis point to 7. 00 percent, the 6-month yield also fell one basis point to 7. 09 percent and […]
Sri Lanka shares end up 0.2-pct
Feb 01, 2011(LBO) – Sri Lankan stocks closed up Tuesday with active retail trading in the small and mid-cap stocks, brokers said. The All Share Price Index closed at 7,190. 77, up 0.22 percent (15.90 points) while the Milanka Price Index of more liquid stocks closed at 7,121. 28, down 0.18 percent (12.99 points) according […]
Sri Lanka inflation 6.8-pct in January
Jan 31, 2011 (LBO) – Sri Lanka’s inflation in January 2011 rose 6. 8 percent from a year ago after rising 6.9 percent in December 2010, the central bank said. Prices rose 1.3 percent during January 2011 with the index rising 231. 2 in the month, it said in a statement. The seasonally adjusted, moving […]
Sri Lanka shares end down 0.2-pct
Jan 31, 2011(LBO) – Sri Lankan stocks closed down Monday dragged lower by index heavy stocks and some stocks in the banking sector, brokers said. The All Share Price Index closed at 7,174. 87, down 0.24 percent (17.62 points) while the Milanka Price Index of more liquid stocks closed at 7,134. 27, down 0.43 percent […]
Sri Lanka spends Rs11bn to sterilize liquidity
Jan 31, 2010 (LBO) – Sri Lanka’s central bank has spent about 11 billion rupees last year to sterilize excess liquidity generated mainly from external sources, and existing excess liquidity is not a threat at the moment, officials said. A large stock of foreign reserves, significantly higher than the local monetary base, can make seigniorage […]
Sri Lanka stocks close 0.2-pct lower
Jan 28, 2011(LBO) – Sri Lankan stocks closed down 0l2 percent Friday with index heavy stocks and the banks losing ground, brokers said. Hatton National Bank closed at 392.10, down 0.90 cents. Poultry stocks recovered some losses. Bairaha Farms closed 481.20, up 3.30 rupees while Grain Elevators closed 197.00, up14.60 rupees with over a million […]
Sri Lanka US embassy opens cultural link to Jaffna
Jan 27, 2011 (LBO) – Sri Lanka’s US embassy said it had set up an ‘American Corner’ in the northern Jaffna city, which will help people tap educational opportunities, knowledge and information technology. “An American Corner is much more than a small library where people can read books, magazines, or current newspapers,” Ambassador Patricia Butenis […]
Sri Lanka stocks close 0.4-pct lower
Jan 27, 2011(LBO) – Sri Lankan stocks closed down Thursday with poultry stocks running out of steam, while price banks also kept plantation stocks in check, brokers said. The All Share Price Index closed at 7,211.11, down 0.42 percent (-30.76 points) while the Milanka Price Index of more liquid stocks closed at 7,195.82, down 0.35 […]
Sri Lanka stocks up on poultry
Jan 26, 2011 (LBO) – Sri Lanka stocks closed 0.23 percent higher with poultry stocks being chased higher by punters, while some plantations stocks also moved up, while the broader index closed higher than an index of liquid stocks, brokers said. The All Share Price Index closed at 7,241.87, up 0.23 percent (6.63 points) while […]
Sri Lanka Treasuries yields flat
Jan 26, 2011 (LBO) – Sri Lanka’s Treasury bills yields were steady at Wednesday’s auction with the government raising 13. 2 billion rupees after offering to 11. 5 billion rupees of bills for roll-over. The 3-month yield was flat at 7.01 percent, the 6-month yield was up one basis point to 7. 10 percent and […]