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Sri Lanka stocks close up 0.6-pct
Feb 26, 2014 (LBO) – Sri Lanka stocks close 0.63 percent higher Wednesday ending a nine day negative rally with gains in the tobacco and diversified stocks, brokers said. The Colombo benchmark All Share Price Index closed 36.89 points higher at 5,872.81, up 0.63 percent. The S&P SL20 closed 8.74 points higher at 3,188.80, up […]
Trucking Slowdown
Feb 26, 2014 (LBO) – Sri Lanka’s large truck and tractor new registrations have continued to fall in January 2014 amid weak economic conditions, an analysis of motor vehicle registry data by an equities research house shows.Small ‘hand’ tractor sales were also down 21 percent to 596 units in January 2014, from 763 a year […]
SriLankan Airlines flies to Vietnam; more Australasian cities
Feb 26, 2014 (LBO) – State-run SriLankan Airlines said it will fly to Vietnam and expand destinations to Malaysia and Australia through a new code share deal with Malaysian Airlines. Mohamed Fazeel, SriLankan’s head of commercial operations said the new code share will increase traffic between Sri Lanka and Australasia, which had high tourist traffic […]
‘s Malinga stuns Pakistan in Asia Cup opener
FATULLAH, February 25, 2014 (AFP) – Sling-arm fast bowler Lasith Malinga grabbed five wickets in a devastating final spell to lead Sri Lanka to a 12-run win over defending champions Pakistan in the opening match of the Asia Cup in Fatullah on Tuesday. Pakistan, chasing Sri Lanka’s competitive 296-6, seemed to be cruising at 242-4 […]
Sri Lanka Treasuries edge lower, rupee weaker
Feb 25, 2014 (LBO) – Sri Lanka’s Treasures yields edged marginally down at Tuesday’s auction with the 3-month yield down 03 basis points to 6.72 percent, data from the state debt office showed. The 6-month yield fell 01 basis point to 6.89 percent and the 12-month yield fell 01 basis point to 7.07 percent. The […]
Sri Lanka stocks end down 0.8-pct, rupee weaker
Feb 25, 2014 (LBO) – Sri Lanka stocks closed 0.8 percent lower Tuesday falling 4.5 percent over nine days amid steady foreign selling, brokers said, while the rupee ended weaker against the US dollar. The Colombo benchmark All Share Price Index closed 47.13 points lower at 5,835.92, down 0.80 percent. The S&P SL20 closed 27.94 […]
Sri Lanka stocks end down 0.8-pct
Feb 25, 2014 (LBO) – Sri Lanka stocks end 0.80 percent lower Tuesday for the ninth consecutive day with losses in the tobacco and diversified stocks, brokers said. The Colombo benchmark All Share Price Index closed 47.13 points lower at 5,835.92, down 0.80 percent. The S&P SL20 closed 27.94 points lower at 3,180.06, down 0.87 […]
Vehicle Trend
Feb 25, 2014 (LBO) – Sri Lanka’s vehicle registrations fell 1.5 percent to 27,827 in January 2014 from a year earlier, with used hybrid cars up and three wheelers down, a research analysis shows.Sri Lanka now taxes large hybrid vehicles at lower rates than small petrol cars. The larger cars are more fuel efficient, allowing […]
Strong Showing
Feb 25, 2014 (LBO) – Profits at Sri Lanka’s Commercial Bank of Ceylon rose 25 percent to 3.3 billion rupees in the December 2013 quarter from a year earlier, despite a steep loan loss provisioning, interim accounts showed. The group reported earnings of 3.92 rupees per share. For the 12-months to December the group reported […]
Mass Grave
COLOMBO, February 25, 2014 (AFP) – Forensic experts have found more bodies in an unmarked mass grave in Sri Lanka’s northern former war zone, taking the total number to 80, an official said Tuesday.Judicial medical officer Dhananjaya Waidyaratne said excavations resumed on Monday after a short break at the grave site discovered by construction workers […]
New Phone
BARCELONA, February 24, 2014 (AFP) – Samsung unveiled Monday its new flagship Galaxy S5 smartphone armed with a fingerprint scanner and a built-in heart rate sensor to defend its place as the world’s industry leader.Taking the limelight on the opening day of the world’s biggest mobile fair in Barcelona, Spain, the South Korean giant simultaneously […]
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COLOMBO, February 25, 2014 (AFP) – Sri Lanka Tuesday accused the UN rights chief of “unwarranted interference” by calling for an international inquiry into allegations troops killed thousands of civilians at the end of the civil war.The government of President Mahinda Rajapakse formally rejected the demand by rights chief Navi Pillay for an external investigation […]