Category: Economy and Markets
Sri Lanka opens state agency debt to foreign buyers
Sept 10, 2010 (LBO) – Sri Lanka’s Urban Development Authority (UDA), a state agency, has launched a 5-year bond to raise 10 billion rupees and 30 percent of the issue is open to foreign investors, officials said. Gotabhaya Rajapaksa, secretary to Sri Lanka’s defence ministry, under which the agency operates, said the money would be […]
‘ worth of gold to Bangladesh
WASHINGTON, September 9, 2010 (AFP) – The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh, worth around 403 million dollars. “This transaction is part of the total sales of 403.3 metric tons approved by the executive board,” the IMF said in a statement. That decision was taken […]
Sri Lanka stocks top 6,000-pts
Sept 09, 2010 (LBO) – Sri Lanka’s benchmark index topped 6,000 points Thursday, with high value stocks like John Keells Holdings (JKH) and Distilleries Company shares also helping push turnover up brokers said. The All Share Price Index closed at 6,026.99, up 1.08 percent (64.37 points) while the Milanka Index of more liquid stocks rose […]
Sri Lankan stocks close up 1.32-pct
Sept 08, 2010 (LBO) – Sri Lankan stocks rallied and passed the 5,900 points mark Wednesday, from price gains on index heavy John Keells Holdings (JKH), Hatton National Bank (HNB), Commercial Bank and Distilleries Company, brokers said. The All Share Price Index closed at 5,962.62, up 1.32 percent (77.63 points) while the more liquid Milanka […]
Sri Lankan stocks close up 0.45-pct
Sept 07, 2010 (LBO) – Sri Lankan stocks recovered Tuesday, from high investor interest on hotel sector shares, while large private deals on John Keells Hotels and Aitken Spence boosted turnover to almost six billion rupees, brokers said. The All Share Price Index closed at 5,884.99, up 0.45 percent (26.45 points) while the more liquid […]
Sri Lanka investment agency awaits tax policy in budget
Sept 07, 2010 (LBO) – Sri Lanka’s state investment promotion agency is waiting for the harmonization of a tax regime in the island following a budget later this year and it is also likely to undershoot an investment target for the year, an official said. Sri Lanka has a bloated state sector, with more than […]
Sri Lanka Treasuries yields plunge
Sept 07, 2010 (LBO) – Sri Lanka’s one year Treasury bill yield plunged 45 basis points to 7. 42 percent and the 6-month yield fell 52 basis points to 7.28 percent at Wednesday’s auction, the government’s debt office said. There were no sales of 3-month bills. Dealers said the rates fell on expectations of a […]
Sri Lanka lake front to be park, entertainment complex: report
Sept 04, 2010 (LBO) – Land around a lake in Sri Lanka’s capital Colombo has been earmarked for hotels, a park, a shopping and an entertainment area and will be offered to private investors by the island’s city development authority, a media report said. State land would be offered investors as 55 or 99 year […]
Sri Lanka stocks close up 1.65-pct
Sept 03, 2010 (LBO) – Sri Lankan shares continued their bull run Friday with gains seen in several sectors on the back of the previous day’s sharp rise, brokers said. The All Share Price Index closed at 5,880.49, up 1.65 percent (95.32 points) while the more liquid Milanka index rose 1.77 percent (105.29 points) to […]
Sri Lanka stocks close up 1.67-pct
Sept 02, 2010 (LBO) – Sri Lankan stocks closed sharply higher Thursday, with the main index driven up almost 100 points amid heavy trading in certain shares of the finance sector which is recovering from a downturn, brokers said. The firm, which owns Amaya Reef on the southwest coast, closed at 6. 70 rupees, up […]
Sri Lanka foreign reserves surge to US$5.7bn: Central Bank
Sept 02, 2010 (LBO) – Sri Lanka’s foreign reserve surged to 5,731 billion US dollars in June 2010 when counting domestically arranged currency swaps, the Central Bank said. In May 2010 the monetary authority reported foreign reserves of 5,032 million dollars. No mention of swaps was made with the release of May data. The central […]
Euro, yen and emerging currencies gain forex share: BIS
GENEVA, September 1, 2010 (AFP) – The euro, Japanese yen and some emerging market currencies are gaining ground in the foreign exchange market while the dollar is continuing to decline, a bank survey said Wednesday. “The US dollar continued a slow retreat from its 90 percent peak share of all transactions reached in the 2001 […]