Category: Economy and Markets
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 […]
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 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 […]
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 Lanka on edge as results released
January 27, 2010 (AFP) – President Mahinda Rajapakse has taken the lead in Sri Lanka’s tense election, officials said Wednesday, but the opposition said it was on course for power despite a row over its candidate’s eligibility. Election officials said Rajapakse, who is being challenged by his former army chief Sarath Fonseka, had won over […]
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 Lanka heads to polls for tense election
January 25, 2010 (AFP) – Sri Lanka goes to the polls Tuesday in its first post-war presidential election, contested by the men who ended the island nation’s 37-year conflict but whose bitter clash threatens more instability. “If there is a war, we will face it,” he added, threatening street protests and rallies. Rajapakse, like Fonseka […]
Sri Lankan Tamils pray for post-election peace
VAVUNIYA, January 26, 2010 (AFP) – Sri Lanka’s minority Tamils, for decades in the crossfire between rebels and government forces, hope their potentially decisive role in Tuesday’s election will finally bring them peace. The two main candidates, President Mahinda Rajapakse and former general Sarath Fonseka, were the architects of a final assault on Tamil Tiger […]
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 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 […]