Category: Economy and Markets
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 […]
‘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 […]
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 […]
”: 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 policy certainty higher after polls: CB Governor
Jan 28, 2010 (LBO) – Sri Lanka’s policy direction is clearer after a President Rajapaksa was returned to power with a bigger majority allowing investors to emerge from any ‘wait and see’ attitude, a top official said. “The mandate means we have a clear path chartered for the next six years,” Central Bank governor Nivard […]
Sri Lanka inflation accelerate to 6.5-pct in Jan
Jan 28, 2010 (LBO) – Inflation in Sri Lanka’s capital Colombo accelerated to 6. 5 percent in January 2010 from a year earlier, up from 4.8 percent December while prices increased 1.4 percent during the month, the government’s statistics office said. Sri Lanka’s Colombo consumer price index (CCPI) has been rising steadily after April 2009 […]
Sri Lankan stocks close 1.2-pct higher
Jan 28, 2010 (LBO) – Sri Lanka stocks recovered early losses Thursday to end the day 1. 25 percent higher in the first day of trading after President Mahinda Rajapaksa was returned to a second term, brokers said. The benchmark All Share Price Index (ASPI) closed at 3,636.41 points, up 45.03 points, while the Milanka […]