Category: Economy and Markets
Sri Lanka Treasuries yields steady
Dec 01, 2010 (LBO) – Sri Lanka’s Treasury bill yields were steady across maturities at Wednesday’s auction with 11. 0 billion rupees in bonds being sold to real buyers, the government’s debt office said. The government sold 2.0 billion rupees in 3-month bills, 4. 0 billion rupess in 6-month bills and 5. 0 billion rupees […]
Quake south of Sri Lanka, Maldives
November 30, 2010 (AFP) – A 5.6-magnitude earthquake struck the South Indian Ocean on Wednesday, the US Geological Survey said, although there were no immediate reports of damage and there was no tsunami warning in effect. The quake hit at a shallow depth of 15. 3 kilometres (9.5 miles) at 02:19 local time (21:19 GMT […]
Sri Lanka stocks end up 1.9-pct
Dec 01, 2010 (LBO) – Sri Lankan stocks ended higher Wednesday, on the back of Tuesday’s gains, after the regulator gave more time for brokers to clear credit given to clients, brokers said. The All Share Price Index closed at 6,559. 89, up 1.94 percent (125.04 points) while the more liquid Milanka index rose 1.75 […]
Sri Lanka Tiger hideout turned into elephant sanctuary
November 30, 2010 (AFP) – Sri Lanka is to turn a vast jungle area that was a base for the separatist Tamil Tiger rebels into a wildlife sanctuary, 18 months after the end of island’s bloody civil war, the government said Tuesday. The jungles of Mullaittivu, from where the rebels launched attacks for decades until […]
Sri Lanka stocks close up 2.8-pct
Nov 30, 2010 (LBO) – Sri Lanka stocks closed sharply higher Tuesday, bouncing back a day after the regulator extended a deadline for brokers to clear credit given to clients, brokers said. The All Share Price Index closed at 6,434.85, up 2.8 percent (177.84 points) while the Milanka index of liquid stocks rose 2.50 percent […]
Sri Lanka new gilt-edged fund eyes small investors
Nov 30, 2010 (LBO) – Ceybank Asset Management (CAM), Sri Lanka’s largest unit trust fund manager, has launched an open ended gilt-edged fund aiming to attract small investors especially in rural areas, officials said. The ‘Ceybank Surakum’ fund will invest in government Treasury bills and bonds and other government-backed securities but not in equities and […]
Sri Lanka inflation accelerates to 7.0-pct in November
Nov 30, 2010 (LBO) – Sri Lanka’s inflation in November 2010 rose 7. 0 percent from a year earlier up from 6. 6 percent in October amid a pick-up in credit growth with prices rising 1. 1 percent during the month. The clothing and footwear subcategory rose 1.7 percent in November and was up 9.4 […]
Sri Lanka stocks close down 1.9-pct
Nov 29, 2010 (LBO) – Sri Lanka stocks closed down 1. 9 percent Monday with index heavy stocks, including banks coming under selling pressure, brokers said. The All Share Price Index closed at 6,257.01, down 1.94 percent (124.060 points) while the Milanka index of liquid stocks dipped 1.93 percent (134.48 points) to close at 6,818.17, […]
Sri Lanka, India talks on sharing offshore oil, maritime border
Nov 27, 2010 (LBO) – India and Sri Lanka are to hold talks soon on sharing offshore petroleum resources straddling their maritime boundary and resolving conflicting claims to the continental shelf, an official said. A meeting of officials of the two neighbours is to be convened “at an early date”, said a statement at the […]
Sri Lanka, India free trade talks to resume in December
Nov 26, 2010 (LBO) – India and Sri Lanka are to resume talks in December 2010 on a Comprehensive Economic Partnership Agreement (CEPA) that had been stalled by protectionist lobbies on the island. “A delegation from the Ministry of Commerce and Industry of India would visit Sri Lanka on mutually convenient dates in December 2010 […]
Sri Lanka economic data integrity under fire
Nov 26, 2010 (LBO) – A Sri Lankan economist who is also a lawmaker has queried apparent contradictions in the island’s poverty and consumption data, adding to an ongoing debate on the integrity of the country’s economic statistics. Harsha de Silva, representing Sri Lanka’s main opposition United National Party, said a budget speech had claimed […]
Sri Lanka stocks close down 0.7-pct
Nov 25, 2010 (LBO) – Sri Lanka stocks closed down 0.76 percent Thursday with a few high-net-worth individuals showing interest in trading, brokers said. The All Share Price Index closed at 6,413. 32, down 0.76 percent (48.80 points) while the Milanka index of liquid stocks dipped 0.77 percent (54.13 points) to close at 6,945.06, according […]