Category: Economy and Markets
Sri Lanka BOP surplus in 2010 US$900mn
Jan 04, 2011 (LBO) – Sri Lanka expect to have had a balance of payments surplus of 900 million US dollars in 2010, Central Bank governor Nivard Cabraal said. Gross official foreign exchange reserves reached 6.6 billion US dollars by the end of 2010, he said in a speech outlining the central bank’s monetary policy […]
Sri Lanka aims for 8.5% growth in 2011
Jan 04, 2011 (LBO) – Sri Lanka is aiming for economic growth of 8.5 percent in 2011 after growing eight percent in 2010 and expects growth to accelerate to nine percent in 2012 and 9. 5 percent in 2013, central bank governor Nivard Cabraal said. Government recurrent expenditure is estimated to decrease to 16.1 percent […]
Sri Lanka rupee strength helps rein in inflation: CB
Jan 03, 2011 (LBO) – The strengthening of the Sri Lanka rupee helped rein in inflation which was kept at a mid-single digit level in 2010, the central bank said in a statement. The average domestic prices of wheat flour and milk powder decreased while the price of sugar increased compared to 2009. The Sri […]
Sri Lanka shares end up 0.33-pct
Jan 03, 2011, (LBO) – Sri Lankan stocks closed higher Monday with activity seen in the index heavy and poultry sector stocks, brokers said. The All Share Price Index closed at 6,657. 91, up 0.33 percent (22.04 points) while the more liquid Milanka index closed flat at 7,061. 36, according to stock exchange provisional figures. […]
Sri Lanka inflation 6.9-pct in December
Dec 31 2010 (LBO) – Sri Lanka’s inflation in December 2010 rose 6. 9 percent from a year earlier after rising 7. 0 percent in November, the central bank said. Prices rose 1.1 percent during the month with the index rising to 228.3 in December from 225.8 in November, it said in a statement. The […]
Sri Lanka shares end up 0.33-pct
Dec 31, 2010 (LBO) – Sri Lankan stocks closed higher Friday with activity seen across the board by both the institutions and the retail traders, brokers said. The All Share Price Index closed at 6,635.87, up 0.33 percent (21.74 points) while the more liquid Milanka index rose 0. 15 percent (10.78 points) to close at […]
Sri Lanka says met IMF December targets for loan disbursement
Dec 30, 2010 (LBO) – Sri Lanka has met key targets in December under a deal with the International Monetary Fund to qualify for further loan disbursements, central bank deputy governor Dharma Dheerasinghe said. “Sri Lanka has met the IMF targets for December after meeting the September targets,” Dheerasinghe told Vimasuma.com, our sister news website. […]
Sri Lanka shares gyrate after forced-selling scare
Dec 30, 2010 (LBO) – Sri Lankan stocks closed lower Thursday after recovering from sharp losses in early trade on panic selling by investors confused over a regulator order for brokers to force-sell equities of buyers in default, brokers said. The All Share Price Index closed at 6,614.13, down 0.49 percent (32.79 points) while the […]
Sri Lanka Treasuries yields ease
Dec 29, 2010 (LBO) – Sri Lanka’s short-term Treasury bill yields eased at Wednesday’s auction with the government rolling five billion rupees worth of maturing bonds, the debt office said. The yield on three-months bills fell to 7.24 percent from 7.25 percent, that on six-month bills also fell to 7.35 percent from 7.38 percent while […]
Sri Lanka shares end up 0.09-pct
Dec 29, 2010 (LBO) – Sri Lankan stocks closed higher Wednesday with institutions showing a high level of activity in trading, brokers said. The All Share Price Index closed at 6,646.92, up 0.09 percent (5.84 points) while the more liquid Milanka index rose 0.16 percent (37.09 points) to close at 7,074.83, according to stock exchange […]
‘s chicks, nuts and sex workers
Dec 29, 2010 (LBO) – Serious shortages of essential food forced Sri Lanka’s government to import chicken, onions and coconuts, but a survey by health authorities has shown that the country is also desperately short of sex workers. Doctor Sujatha Samarakoon of the AIDS prevention unit of the health ministry has said that there are […]
Sri Lanka shares end up 0.3-pct
Dec 28, 2010 (LBO) – Sri Lankan stocks closed higher Tuesday with investors focusing on the banking sector, brokers said. The All Share Price Index closed at 6,641. 08, up 0.30 percent (19.57 points) while the more liquid Milanka index rose 0. 53 percent (37.09 points) to close at 7,063.65, according to stock exchange provisional […]