Category: Economy and Markets
Sri Lanka forex reserves fall
Dec 23, 2010 (LBO) – Remittances by migrant Sri Lankan workers rose 22 percent in the first 10 months of 2010 but foreign reserves have fallen slightly after central bank dollar sales, latest data showed. “During the first ten months of 2010, workers’ remittances increased by 21.9 percent to 3,380 million US dollars after adjusting […]
Sri Lanka shares end up 0.86-pct
Dec 23, 2010 (LBO) – Sri Lankan stocks closed higher Thursday with prices of poultry firms, that had been heavily traded recently, weakening and active trading in a retail firm seen doing well during the festive season, brokers said. Conglomerate John Keells Holdings closed at 300 rupees, down a rupee with 2.5 million shares changing […]
Sri Lanka to get cheaper World Bank credit for several years
Dec 22, 2010 (LBO) – Sri Lanka would get cheap World Bank credit for at least three years, while the country re-builds infrastructure after a 30-year war and moves toward becoming a borrower at near-commercial rates, managing director Ngozi Okonjo-Iweala said. “You have the peace dividend. You have ended the conflict. With inclusive growth, where […]
Sri Lanka Treasuries yields steady
Dec 22, 2010 (LBO) – Sri Lanka’s Treasury bill yields across all tenors remained steady at Wednesday’s auction with the government rolling over nine billion rupees worth of maturing bonds, the debt office said. The debt office said it accepted 9,165 million rupees from the auction. The yield on three-months bills stayed flat at 7. […]
Sri Lanka shares end up 1.21-pct
Dec 22, 2010 (LBO) – Sri Lankan stocks rebounded Wednesday with large private deals in a conglomerate and a poultry firm boosting turnover, brokers said. Just over two million shares of Janashakthi Insurance Company were done in a private deal at 15. 70 rupees each. The stock closed at 15.50, up a rupee. The All […]
Sri Lanka stocks end up 0.28-pct
Dec 21, 2010 (LBO) – Sri Lankan stocks ended slightly higher Tuesday with heavy trading and gains in poultry firms amind rising demand and prices for chicken following an influx of tourists, brokers said. The All Share Price Index closed at 6,378.91, up 0.28 percent (18.07 points) while the more liquid Milanka index fell 0. […]
Sri Lanka shares end up 0.28-pct
Dec 21, 2010 (LBO) – Sri Lankan stocks ended slightly higher Tuesday with heavy trading and gains in poultry firms amid rising demand and prices for chicken following an influx of tourists, brokers said. Brokers said non-voting shares of liquid petroleum distributor Laugfs Gas were the most actively traded for the day, closing at 17 […]
Sri Lanka has good economic prospects, if deficits are cut: World Bank
Dec 19, 2010 (LBO) – Sri Lanka has good growth prospects if deficit spending can be reduced allowing the economy to be stable, and can also expect more financing from World Bank as the island emerges from a conflict, an official said. The US Federal Reserve devalued its currency against gold in 1933 setting the […]
Sri Lanka to get funding from higher cost window: World Bank
Dec 18, 2010 (LBO) – Sri Lanka has qualified to get loans from a higher cost window of the World Bank amid rising incomes, which will double access to annual funds, managing director Ngozi Okonjo-Iweala said. Sri Lanka also now has access to capital markets. Countries with access to capital markets and which are deemed […]
Sri Lanka stocks close flat
Dec 17, 2010 (LBO) – Sri Lanka stocks closed flat Friday, with trading seen in the farming sector stocks, brokers said. The All Share Price Index closed flat at 6,360. 84 while the Milanka index of liquid stocks rose 0.18 percent (12.30 points) to close at 6,834.07, according to Colombo Stock Exchange (CSE) provisional figures. […]
Sri Lanka to issue Rs5,000 note
Dec 16, 2010 (LBO) – Sri Lanka’s central bank plans to print and issue a 5,000-rupee note from next February, deputy governor K G G D Dheerasinghe said. The bank will stop printing a 2,000-rupee note when the new 5,000-rupee note enters money circulation to coincide with its 60th anniversary. The 2,000-rupee note was considered […]
Sri Lanka stocks close down 0.2-pct
Dec 15, 2010 (LBO) – Sri Lankan stocks closed down 0. 21 percent Thursday, with a dull day of trading in the market, brokers said. The All Share Price Index closed at 6,360. 34, down 0.21 percent (13.42 points) while the Milanka index of liquid stocks dipped 0. 17 percent (11.58 points) to close at […]