Category: Economy and Markets
Sri Lanka stocks close up 0.8-pct
Jan 21, 2011(LBO) – Sri Lankan stocks closed up 0.85 percent Friday with active retail trading in the manufacturing sector, brokers said. The All Share Price Index closed at 7,254.01, up 0.85 percent (60.91 points) while the Milanka Price Index of more liquid stocks closed at 7,292.95, down 0.11 percent (7.73 points) according to stock […]
Sri Lanka Jaffna hospital upgraded by Japan
Jan 20, 2011 (LBO) – Sri Lanka’s Jaffna hospital, the main state health facility in the former war torn northern peninsular is being upgraded with a 2. 9 billion rupee grant in a three year project which began Thursday, the Japan International Co-operation Agency said. A central facility to house surgeries, intensive care, diagnostic imaging, […]
Sri Lanka stocks close at all time high, up 1.9-pct
Jan 20, 2011(LBO) – Sri Lankan stocks closed up 1.91 percent Thursday at an all time high, brokers said. The All Share Price Index closed at 7,193.10, up 1.91 percent (134.77 points) while the Milanka Price Index of more liquid stocks closed at 7,300.68, up 0.72 percent (52.48 points) according to stock exchange provisional figures. […]
UN seeks $51 million for Sri Lanka flood victims
January 19, 2011 (AFP) – The United Nations on Wednesday sought 51 million dollars to meet the urgent needs of more than one million people affected by recent monsoon floods in Sri Lanka. Bragg will end her visit on Friday after meeting with senior Sri Lankan government officials. The UN issued the appeal as its […]
Sri Lanka floods will not need a monetary response: CB Governor
Jan 18, 2011 (LBO) – Sri Lanka’s recent floods will have minimal impact on long term inflation and will not need a monetary response but there will be ‘some economic impact’ from crop losses, Central Bank Governor Nivard Cabraal said. Large swathes of rice fields in Sri Lanka east and north central areas went under […]
Sri Lanka shares close up 0.7-pct
Jan 18, 2011(LBO) – Sri Lankan stocks closed up 0. 7 percent Tuesday with active retail trading and low value counters dominating the market, brokers said. Turnover was 3.4 billion rupees. “There has been an absence of significant foreign investment in the market the last few days,” Thakshila Hulangamuwa of Asha Phillips Securities said. Biggest […]
Sri Lanka flood victims protest over food aid
January 18, 2011 (AFP) – Hundreds of flood victims in Sri Lanka besieged a district office in the eastern town of Kathankudi complaining about unfair distribution of emergency food aid, police said Tuesday. Local media reports said three civil servants were hospitalised after being attacked by the furious crowd, but police said they were unable […]
Sri Lanka IPO debuts at high premium; stocks lower
Jan 17, 2011(LBO) – Sri Lankan stocks closed lower Monday but a Singer Finance debuted on the floor at over three times is initial public offer of 15 rupees brokers said. The All Share Price Index closed at 7,008.06, down 0.35 percent (-24.54 points) while the Milanka Price Index of more liquid stocks closed at […]
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WASHINGTON, January 16, 2011 (AFP) – China’s President Hu Jintao said Sunday the international currency system was “a product of the past,” but it would be a long time before the yuan is accepted as an international currency. Asked about the view that appreciation of the yuan would curb inflation in China, Hu suggested that […]
EU gives two mln euros in aid for Sri Lanka floods
BRUSSELS, January 14, 2011 (AFP) – The European Commission decided on Friday to release two million euros (. 7 million) in emergency humanitarian aid for the victims of devastating floods in Sri Lanka. The assistance will be distributed through international aid agencies to provide emergency food aid, water and sanitation, and emergency relief items. “When […]
Sri Lanka economic freedoms improve: think tank
Jan 14, 2011 (LBO) – Sri Lanka has improved its score in an economic freedom index for 2011 compiled by US based heritage foundation and the Wall Street Journal, but the increasing non-tarrif barriers and state expansion has dragged the score down. Sri Lanka improved its score by 2.5 points to 57.1 making it the […]
Sri Lanka gets US$250mn from land sales to developers: minister
Jan 14, 2010 (LBO) – Sri Lanka is raising 250 million US dollars from the sale of two blocks of land to developers who will build hotels and shopping complexes near the main beachfront in the capital Colombo, a government minister said. Hong Kong based Shangri-La hotels and state-run China National Aero Technology Import and […]