Category: Economy and Markets
Sri Lanka seeks to change inflation index as price pressure grows
Jan 06, 2011 (LBO) – Sri Lanka wants to change a price index again to reflect recent changes in consumption patterns although previous tinkering with the indicator at a time inflation hit record highs drew criticism. It would also cover changes in credit growth, money market liquidity and its control measures, impact of capital inflows […]
Sri Lanka Treasuries yields steady
Jan 06, 2011 (LBO) – Sri Lanka’s short-term Treasury bill yields stayed largely steady at Wednesday’s auction with the government rolling ten billion rupees worth of maturing bonds, the debt office said. The yield on three-month bills stayed flat at 7. 24 percent while that on six-month bills fell to 7.33 percent from 7.35 percent […]
Sri Lanka shares end up 0.82-pct
Jan 04, 2011, (LBO) – Sri Lankan stocks closed higher Thursday with active trading seen in the poultry and index heavy stocks like JKH, brokers said. The All Share Price Index closed at 6,809.73, up 0.82 percent (55.42 points) while the more liquid Milanka index closed at 7,194.50, up 0.53 percent (38.15 points) according to […]
Sri Lanka shares end up 0.78-pct
Jan 05, 2011, (LBO) – Sri Lankan stocks closed higher Wednesday with active trading taking place in the poultry sector, brokers said. The All Share Price Index closed at 6,754.31, up 0.78 percent (52.46 points) while the more liquid Milanka index closed at 7,156. 35, up 0.88 percent (62.28 points) according to stock exchange provisional […]
Sri Lanka aims for US10bn forex reserves by 2013
Jan 05, 2011 (LBO) – Sri Lanka is improving its foreign reserves management system with more modern trading systems and practices and aims to build up foreign exchange reserves to over 10 billion US dollars in the next few years, central bank governor Nivard Cabraal said. The central bank plans to go for better trading […]
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 shares end up 0.61-pct
Jan 04, 2011, (LBO) – Sri Lankan stocks closed higher Tuesday with active trading in the information technology sector, brokers said. Dialog Axiata closed at 11.70, down 0.10 cents with over 2.3 million shares traded. The All Share Price Index closed at 6,698.71, up 0.61 percent (40.74 points) while the more liquid Milanka index closed […]
Sri Lanka rupee seen appreciating gently in 2011
Jan 04, 2011 (LBO) – Sri Lanka’s rupee is likely to further strengthen against the dollar in 2011 after gaining 3. 1 percent against the greenback in 2010, Central Bank governor Nivard Cabraal said. Despite the rupee’s gains, export earnings increased last year, Cabraal said. “The exchange rate might have a gentle tendency to appreciate,” […]
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 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
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 […]