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Lower external funding needs buffer, EM Asia heading into US tightening : by Fitch
A year after the taper tantrum, emerging Asian sovereigns with the biggest external funding needs are generally reducing their degree of external vulnerability, although only modestly in most cases. Fitch projects Sri Lanka (BB-/Stable) will cut its gross external funding requirement (GXFR) the most between 2012 and 2014, relative to its foreign reserves, despite the […]
Cricket: Pakistan field against Sri Lanka in first one-dayer
HAMBANTOTA, August 23, 2014 (AFP) – Pakistan captain Misbah-ul Haq won the toss and sent Sri Lanka in to bat in overcast conditions in the first one-day international in Hambantota on Saturday.The tourists were without their top spinner Saeed Ajmal, who has flown to Australia to undergo tests of his bowling action after being reported […]
Sri Lanka stocks close higher
Aug 22, 2014 (LBO) – Sri Lanka’s stocks closed in a positive territory Friday with index heavy stocks gaining amid strong foreign selling, brokers said. The aggregate value of all off-the-floor deals represented 50 percent of the turnover. Taprobane Holdings closed 70 cents higher at 5.20 rupees and Lanka Century Investments closed 90 cents higher […]
Sri Lanka exports jump on EU, US demand for garments
COLOMBO, August 22, 2014 (AFP) – Sri Lanka’s trade deficit narrowed substantially this year thanks to increased demand for clothing exports to the United States and Europe, the island’s central bank said Thursday.Sri Lanka’s economy recorded growth rates of over eight percent in the first two years after ending a decades-long separatist war in 2009, […]
Sri Lanka stocks close up 0.1-pct
Aug 21, 2014 (LBO) – Sri Lanka’s stocks crossed the key psychological barrier of 7,000 points Thursday, reaching a three year high, brokers said. JKH’s W0022 warrants closed 40 cents higher at 70.40 rupees and its W0023 warrants closed flat at 80.00 rupees. Taprobane Holdings closed 1.80 rupees higher at 4.50 rupees and CT Holdings […]
Sri Lanka FDI flows reach $817mn in the first half 2014
August 21,2014 (LBO) – Foreign direct investment flows to Sri Lanka in the first half of 2014 reached 817 million US dollars up 51 percent and the full year was expected to bring 2.5 billion US dollars, investment promotion minister Lakshman Abeywardena said. The money had come mainly from Krrish, Indian mixed development projects and […]
Sri Lanka Treasuries edge lower
Aug 20, 2014 (LBO) – Sri Lanka’s Treasuries yield eased lower at Wednesday’s auction without accepting any bid for the three month, data from the state debt office showed. The 6-month yield fell 02 basis points to 6.28 percent and the 12-month yield fell 01 basis point to 6.30 percent. The debt office said 556.00 […]
Sri Lanka shares close up 0.3-pct
Aug 20, 2014 (LBO) – Sri Lanka’s shares closed near the key psychological barrier of 7,000 points on Wednesday recording the highest close since August 2011, brokers said. Dialog Axiata closed 30 cents higher at 11.40 rupees, contributing most to the index gain. Commercial Leasing and Finance closed 20 cents higher at 4.50 rupees and […]
Achievement
Aug 20,2014 (LBO) -Sri Lanka’s MillenniumIT has been ranked the Most Respected IT Company in Sri Lanka for 2014 by the Lanka Monthly Digest’s annual rankings, the company says in the media release. MillenniumIT provides IT systems integration and capital markets software, both locally and globally. The company offer its servicers across North and South […]
Sri Lanka ponder life after golden generation
COLOMBO, August 20, 2014 (AFP) – Sri Lanka are banking on young talent to see them through a transitional phase in Test cricket despite the departure of one batting great, another approaching retirement and an ageing spinner in the ranks. Former captain Mahela Jayawardene, who ended his 17-year Test career on Monday following the 2-0 […]
Sri Lanka facilitates infrastructure to attract investors into rural
Aug 20, 2014 (LBO) – Sri Lanka to open up five factories in every district in the county and to widen the facilities for investors who goes into the rural areas, a minister said. The country is targeting a 7000 US dollar per capita income by 2020 and expecting 4000 US dollar per capita income […]
Sri Lanka shares close up 0.1-pct
Aug 19, 2014 (LBO) – Sri Lanka’s shares closed in the green Tuesday, recording the highest turnover since March 2012 with the off-market transactions of John Keells Holdings despite strong foreign selling, brokers said. Index heavy John Keells Holdings contributed most to the index gain. Dialog Axiata closed 10 cents higher at 11.10 rupees and […]