Category: Economy and Markets
Sri Lanka leader calls for unity after poll win
February 4, 2010 (AFP) – Sri Lankan President Mahinda Rajapakse on Thursday issued an independence day call for unity and reconciliation after his victory in a bitterly fought election. Rajapakse in an address to the nation said the island’s freedom day assumed great significance as it was the first since the defeat of separatist Tamil […]
Sri Lankan stocks close 0.31-pct down
Feb 03, 2010 (LBO) – Sri Lankan shares closed down Wednesday as retailers took profits on counters that rallied in recent weeks, while renewed interest on selected midcap stocks boosted their share prices, brokers said. The benchmark All Share Price Index (ASPI) closed at 3,697.80 points, down 11.33 points, while the Milanka index of more […]
Sri Lanka reserve ratio hike not ruled out: CB Governor
Feb 02, 2010 (LBO) – Sri Lanka is open to increasing the ratio of cash banks must deposit with the Central Bank as a policy to contain inflation, Governor Nivard Cabraal said, as consumer inflation accelerated to an eleventh month high in January. Sri Lanka’s market risk free rates have already started to move up […]
Sri Lanka Treasuries yields flat
Jan 21, 2010 (LBO) – Sri Lanka’s three and six month Treasury bill yields edged up marginally, while 12 month bills stayed flat at Tuesday’s auction, the government’s debt office said. The 3-month yield increased 04 basis points to 7.99 percent, the 6-month yield increased 03 basis points to 8.93 percent and the 12-month yield […]
Sri Lankan stocks pass 3,700 point mark
Feb 02, 2010 (LBO) – Sri Lankan shares closed higher and passed the 3,700 point mark for the first time Tuesday as retailers continued to bet on plantations, while some investors took profits on selected blue chips, brokers said. The benchmark All Share Price Index (ASPI) closed at 3,709. 13 points, up 17.74 points, while […]
Sri Lanka stocks up 1.51-pct, plantation stocks rally
Feb 01, 2010 (LBO) – Sri Lankan stocks surged Monday as retail investors were seen betting heavily on plantation stocks, while heavy institutional interest on John Keells Holdings (JKH) pushed turnover to almost 3. 0 billion rupees, brokers said. The benchmark All Share Price Index (ASPI) closed at 3,691.39 points, up 54.98 points, while the […]
‘s fortunes slump on bubble fears, China tightening
SAO PAULO, January 31, 2010 (AFP) – Fears of a speculative asset bubble and moves by China to rein in an overheating economy have taken their toll on Brazil, eroding equity prices and the national currency, the real. The strongest warning for Latin America’s biggest economy, still seen as one of the most attractive of […]
ECB directors must tackle mounting eurozone tensions: analysts
FRANKFURT, (AFP) – European Central Bank policymakers will confront mounting eurozone financial tensions at a meeting Thursday in the face of a brewing crisis brought on by Greece’s spectacular public deficit and debt. That the ECB’s main interest rate will stay unchanged at a record low of one percent is considered a done deal for […]
”: IMF chief
DAVOS, January 30, 2010 (AFP) – IMF chief Dominique Strauss-Kahn said Saturday that state debt will become the world’s biggest economic problem and some countries will need seven years to fix their finances. “The fiscal sustainability problem is going to be one of the biggest, maybe the biggest problem for the coming … several years,” […]
Sri Lanka gets less bang for capital buck: economist
Jan 30, 2010 (LBO) – Sri Lanka is saving and investing too little and spending too much and the country is also getting less returns than more efficient economies for the money spent to boost capital stock, a top economist has said. Countries that invest more will generate higher levels of growth and incomes. East […]
Sri Lanka ready for investors with polls over: BOI chief
Jan 29, 2010 (LBO) – Sri Lanka’s state investment promotion agency is standing by to support businessmen who want to start investing now that the polls are over, its chief Dhammika Perera said. “The presidential elections are over,” Perera said. “Now is the time for everyone to leave the elections behind and put their plans […]
Sri Lanka treasuries yields up
Jan 28, 2010 (LBO) – Sri Lanka’s Treasury bill yields edged up marginally across maturities at Tuesday’s auction, the government’s debt office said. The 3-month yield moved up 09 basis points to 7. 95 percent, the 6-month yield moved up 04 basis points to 8. 90 percent and the 12-month yield moved up 05 basis […]