Category: Economy and Markets
Sri Lanka stocks becalmed
Dec 13, 2010 (LBO) – Sri Lankan stocks closed flat Monday with more retail participation seen in the market, brokers said. The company’s voting shares closed at 24.30, down 1.10 rupees while the non-voting shares closed at 15.50, down 0.70 cents. The All Share Price Index closed at 6,436.82, up 0.06 percent (4.07 points) while […]
Sri Lanka said keen on public-private partnerships
Dec 13, 2010 (LBO) – Sri Lanka is keen on partnerships between the public and private sectors in developing its economy, the International Finance Corporation, which is supporting the initiative, said in a statement. Sri Lanka is actively considering options to increase private participation in development,” it quoted Sarath Amunugama, Sri Lanka’s Senior Minister of […]
Sri Lanka spice firm registers trademark over McDonalds objection: report
Dec 12, 2010 (LBO) – Lanka Spice Limited, a Sri Lankan-based spice firm has successfully registered its trademark ‘McCurrie’ over objection of McDonalds, a US-based fast food chain, a media report said. Lanka Spice has been in the market since 1982 The Sunday Times newspaper said. The report quoted Lanka Spice chairman Nalin Pathikirikorale as […]
Sri Lanka policy consistency seen needed for investor confidence
Dec 11, 2010 (LBO) – Sri Lanka should have consistent government policies to increase private sector confidence to invest more in the economy which in turn would boost economic growth, a senior chartered accountant said. A total of 57 awards were given out at the ceremony for finance, banking, hotel, health, manufacturing and insurance sectors. […]
Sri Lanka stocks close down 0.2-pct
Dec 10, 2010 (LBO) – Sri Lankan stocks continued their slide Friday, ending down 0.20 percent with institutions staying out and the retail investors selling, brokers said. The All Share Price Index closed at 6,432.75, down 0.20 percent (13.02 points) while the Milanka index of liquid stocks dipped 0.44 percent (30.44 points) to close at […]
Sri Lanka labour unions kept pacified: CB governor
Dec 08, 2010 (LBO) – Sri Lankan government efforts to prevent labour trouble in recent years despite tough economic conditions should be considered part of its effort to support the business community, central bank governor Nivard Cabraal said. “If we have good roads, that’s a relief. If we have employment, 24-hour electricity and coverage throughout […]
Sri Lanka to borrow USD760mn for roads from China
Dec 09, 2010 (LBO) – Sri Lanka will borrow 760 million US dollars from two state-banks in China to upgrade more than one thousand kilometres of roads in the island including key roads in former war-torn areas in the Northwest of the country, the government said. The government will borrow 500 million dollars from China […]
Sri Lanka stocks close down 0.1-pct
Dec 09, 2010 (LBO) – Sri Lankan stocks ended down 0. 13 percent Thursday, with only limited retail participation in the market, brokers said. The All Share Price Index closed at 6,445. 77, down 0.13 percent (8.54 points) while the Milanka index of liquid stocks dipped 0. 04 percent (3.05 points) to close at 6,915.89, […]
Sri Lanka stocks fall amid IPO debut
Dec 08, 2010 (LBO) – Sri Lanka stocks closed 0. 2 percent lower Wednesday, extending losses as Laufgs Gas, a liquefied petroleum gas distributor debuted on the market closing four rupees above its offer price. The All Share Price Index closed at 6,454. 31, down 0.23 percent (14.77 points) while the Milanka index of liquid […]
Sri Lanka Treasuries steady
Dec 08, 2010 (LBO) – Sri Lanka Treasuries yeilds were steady at Wednesday’s despite raising fresh debt, the government’s debt office said. The 3-month yield edged 01 basis point lower to 7.27 percent, the 6-month yield was flat at 7.39 percent and the 12-month yield was also flat at 7. 55 percent. The government sold […]
”: CB governor
Dec 08, 2010 (LBO) – The Sri Lankan rupee was allowed to appreciate against the dollar in the ‘national interest’ with the government having to balance conflicting interests, central bank governor Nivard Cabraal said. Steady State “We thought by depreciating the rupee we were doing a great job, that export income goes up, but where […]
Sri Lanka stocks close down 0.5-pct
Dec 07, 2010 (LBO) – Sri Lankan stocks extended loses Tuesday closing 0. 57 percent lower with index heavy stocks weakening though turnover rose of several large deals, brokers said. Seylan Bank shares were heavily traded with over 6. 15 million shares changing hands and the stock closing at 100.20, up 1.10 rupees. Contribution to […]