Category: Economy and Markets
Sri Lanka may use extra forex reserves in Exim bank: CB Governor
Dec 02, 2010 (LBO) – Sri Lanka may use extra foreign reserves in a proposed export import bank to be set up next year to finance exporters and contractors, Central Bank Governor Nivard Cabraal said. China transferred a part of its foreign reserves to a forex management agency after issuing Treasury bills to its central […]
Sri Lanka stocks close down 0.3-pct
Dec 02, 2010 (LBO) – Sri Lankan stocks ended down 0.32 percent Thursday, with both indices being dragged down by index heavy stocks and the banking sector, brokers said. The All Share Price Index closed at 6,538.84, down 0.32 percent (21.05 points) while the Milanka index of liquid stocks dipped 0.73 percent (52.05 points) to […]
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 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 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 exports up 16.7-pct in September, trade gap widens
Dec 01, 2010 (LBO) – Sri Lanka’s exports rose 16.7 percent to 662.9 million US dollars in September 2010, helped by higher commodity prices and a surge in apparel exports while imports grew at a faster 35.9 percent widening the trade gap, Central Bank data showed. “While earnings from garment exports to the EU increased […]
Sri Lanka property project resumed by Shing Kwan
Dec 01, 2010 (LBO) – The Singapore-based Shing Kwan group has re-activated its big Havelock City residential and commercial property project in Sri Lanka with plans to build 800 more apartments, its chairman S P Tao said. “The nature and scale of development would be similar to those in Hong Kong and Singapore,” Tao said. […]
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 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 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, […]