Category: Economy and Markets
Sri Lanka northern polling low: monitors
Jan 26, 2010 (LBO) – Polling in Sri Lanka’s north was estimated to be about 15 to 20 percent and in the east about 50 percent while the rest of the country had higher turnouts by early afternoon, a poll monitoring group said. Reports said war refugees in the north had difficulties in getting transport […]
Sri Lankan stocks up 1.04-pct on polling day
Jan 26, 2010 (LBO) – Sri Lankan stocks closed one percent higher Tuesday with domestic investors chasing mid capitalized stocks brokers said, while the country voted for a new president and the bourse closed early. Ship builder Colombo Dockyard closed at 300.00 rupees, up 8.00, and activated carbon manufacturer Haycarb closed at 194.00 rupees, up […]
Sri Lankan stock close 0.64-pct up
Jan 25, 2010 (LBO) – Sri Lanka stocks up closed 0.6 percent higher Monday ahead of presidential polls tomorrow despite heavy foreign selling and index-heavy John Keells Holdings reporter strong results for the December quarter, brokers said. The All Share Price Index closed at 3,554.45, up 0.64 percent (22.72 points), while the Milanka index of […]
Sri Lanka opposition warns of violence ahead of vote
January 23, 2010 (AFP) – Sri Lanka’s opposition warned on Saturday of possible vote-rigging and violence by the ruling party ahead of next week’s presidential election as both sides wound up campaigning. Ahead of the final rallies later on Saturday, opposition candidate Sarath Fonseka predicted that the ruling party, led by President Mahinda Rajapakse, would […]
Sri Lankan stocks close 0.34-pct higher
Jan 22, 2010 (LBO) – Sri Lanka stocks closed 0.3 percent higher Friday as investors awaited presidential polls on January 26 and December quarter results also started to trickle in, brokers said. The All Share Price Index closed at 3,531.73, up 12.02 points, while the Milanka index of more liquid stocks slipped 0.10 percent (3.93 […]
Sri Lanka graduates above IMF low income status: Central Bank
Jan 21, 2010 (LBO) – Sri Lanka has moved out of the countries eligible for financing from the International Monetary Fund’s poverty reduction and growth facility with greater access to capital markets and higher incomes, the Central Bank said. “Accordingly, Sri Lanka will now be recognised as a country with a middle income emerging market […]
Sri Lanka Treasuries yields marginally up
Jan 21, 2010 (LBO) – Sri Lanka’s Treasury bill yields edged up marginally across maturities at Wednesday’s auction, the government’s debt office said. The 3-month yield rose 02 basis points to 7.86 percent, the 6-month yield also moved up 04 basis points to 8.86 percent and the 12-month yield moved up 03 basis points to […]
Sri Lankan stocks close 0.36-pct down
Jan 21, 2010 (LBO) – Sri Lanka stocks closed lower Thursday as small investors took profits on high value stocks and bought low value counters, while next week’s presidential polls loomed large on the horizon, brokers said. The All Share Price Index closed at 3,519.71, down 12.70 points, while the Milanka index of more liquid […]
Sri Lanka foreign reserves US5.2bn in November
Jan 20, 2010 (LBO) – Sri Lanka’s foreign reserves reached 5,228 million US dollars by end November 2009, which was equal to 6.4 months of imports, the Central Bank said. In 2009 the trade deficit was 2,468.5 million US dollars and remittances were 567 million US dollars higher. With the balances of the Asian Clearing […]
Sri Lankan stocks recover losses
Jan 20, 2010 (LBO) – Sri Lankan shares closed 1.4 percent higher Wednesday recouping some of the losses made over the past two days as investors kept a close eye on presidential polls due early next week, dealers said. With occupancy rates going up their is renewed interest in the leisure sector, brokers said. Aitken […]
Sri Lanka holds policy rates steady
Jan 19, 2010 (LBO) – Sri Lanka’s central bank said it was keeping its main reverse repurchase policy rate at which money is injected to markets steady at 9. 75 percent, though inflation has started to pick up. “Though some volatility has been observed in the short term money market rates in recent weeks, market […]
” private sector salary hike
Jan 19, 2010 (LBO) – Sri Lanka’s labour minister has “ordered” a 2,500 rupee salary hike to private sector workers, a ministry statement said, though an organization representing the major employers said they had no knowledge of the move. The statement said a 405 rupee a month wage deal negotiated between a group of large […]