Category: Economy and Markets
Sri Lankan stocks close up 1.02-pct
Aug 31, 2010 (LBO) – Sri Lankan stocks bounced back Tuesday, driven by interest in selected blue chip and midcap stocks, while heavy buying of Asia Capital and Distilleries Company boosted turnover, brokers said. The All Share Price Index closed at 5,658.01, up 1.02 percent (57.24 points) while the more liquid Milanka index rose 0.47 […]
Sri Lanka stocks fall 0.6-pct
Aug 30, 2010 (LBO) – Sri Lanka stocks closed 0. 6 percent lower Monday amid retain and high net worth investor profit taking, brokers said. The benchmark Colombo All Share Index closed 33. 3 points lower at points at 5,600.77 and the Milanka Index of liquid stocks fell 35. 24 at 5,861.87 points. Aitken Spence […]
‘s consumer prices slide, unemployment falls
TOKYO, August 27, 2010 (AFP) – Japan’s consumer prices continued to slide while the unemployment rate fell for the first time in six months in July, the mixed data Friday illustrating the fragility of the country’s recovery. Japan’s core consumer price index fell 1.1 percent in July from a year earlier, government data showed, marking […]
Sri Lankan stocks close up 0.71-pct
Aug 27, 2010 (LBO) – Sri Lankan stocks closed the week at another record high and passed the 5,600 mark Friday, from price gains on fundamentally strong midcap shares, while newly listed PC House shares closed below the offer price, brokers said. The All Share Price Index closed at 5,634. 15, up 0.71 percent (39.85 […]
Sri Lanka stocks close 0.20-pct up
Aug 26, 2010 (LBO) – Sri Lankan stocks closed slightly higher Thursday in somewhat choppy trading with some interest seen in financial sector shares and poultry firms, brokers said. Company earnings have improved in post-war Sri Lanka and leasing and motor firms are seen doing better as demand for vehicles increase while poultry firms are […]
US should stay off further stimulus: John Taylor
Aug 26, 2010, Palo Alto (LBO) – Though US economic growth is ‘fizzling out’ there is unlikely to be a double dip recession and new ad hoc stimulus measures should be avoided to give a sense of stability for economic agents to act, a top monetary economist has said. “My own view is that for […]
Sri Lanka stocks close 0.34-pct up
Aug 25, 2010 (LBO) – Sri Lankan stocks closed slightly higher Wednesday after rising sharply in early trade with some interest seen in financial sector shares, brokers said. Ceylon Leather Products, an ERI group firm, closed at 233. 60 rupees, down 22.90 or 8.93 percent. The All Share Price Index closed at 5,582. 87, up […]
Sri Lanka Treasuries yields slip
Aug 25, 2010 (LBO) – Sri Lanka’s Treasuries yield slipped between 10 to 19 percent on Wednesday, auction results released by the government’s debt office showed, following a 50 basis point rate cut on August 25. The 3-month yield fell 12 basis points to 7.28 percent, the 6-month yield fell 19 basis points to 3.1 […]
Sri Lanka revenue soars after vehicle import tax cut: official
Aug 25, 2010 (LBO) – Sri Lankan government tax revenues have risen sharply after import duties on vehicle imports were slashed, a senior finance ministry official said. The government earned 1,700 million rupees in July alone on vehicle import tax revenue after import taxes were slashed in June, S R Attygalle, director-general of fiscal policy […]
Sri Lankan stocks becalmed
Aug 23, 2010 (LBO) – Sri Lankan stocks closed flat Monday, as investors adjusting to the 10 percent trade margin took defensive positions looking for shares that offered bargains, while punters continued to chase after ‘penny’ stocks, brokers said. The All Share Price Index closed at 5,563.99, up 0.02 percent (0.99 points) while the Milanka […]
Sri Lanka IMF programme on track, to get next tranche: official
Aug 23, 2010 (LBO) – An International Monetary Fund (IMF) mission to Sri Lanka said the island’s programme with the fund is on track with the government being able to meet the budget deficit target of eight percent of Gross Domestic Product. “End-June performance criteria on domestic budget borrowing, reserve money, and net reserves have […]
Sri Lanka former war zone economy transformation seen
Aug 20, 2010 (LBO) – Northern Sri Lanka, where education was highly valued before war retarded its growth, has potential to be transformed into a ‘knowledge economy’ from its traditional agrarian cum fisheries base, a statement said. An open forum on ‘Pathways to Knowledge-based Development’ in northern Jaffna is being organised by the Point Pedro […]