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Sri Lanka 6-month treasuries up
July 31, 2012 (LBO) – Sri Lanka’s treasury yields edged-up for six-months notes by two basis points at Tuesday’s auction, while three-month and one-year yields remained flat, central bank figures showed. Three-month notes were steady at 11.35 percent, the 6-month yields rose two-basis points to 12.87 percent and the 12-month yield was flat at 13.15 […]
Sri Lanka stocks up 0.19%; Odel dominates trading
July 31, 2012 (LBO) – Sri Lankan stocks was flat on Tuesday, with a turnover of over a billion rupees driven by strategic deals in conglomerate John Keells Holdings PLC and clothing retailer Odel PLC, brokers said. The broader All Share Price Index closed up 9.35 points to 4,944.86, while the liquid Milanka Price Index […]
Tight Security
July 31, 2012 (LBO) — Check Point Software Technologies Limited, the world’s second-largest security networks maker, launched a new range of appliances to beef up security in Sri Lankan companies. œThe seven new appliances announced are optimised for Check Point’s Software Blade Architecture and offer approximately three times higher performance than their predecessors, Check Point’s […]
Ex-ICC chief Haroon Lorgat in advisory role for Sri Lanka Cricket
July 31, 2012 (LBO) – Sri Lanka Cricket has appointed ICC’s former chief executive, Haroon Lorgat, as a special advisor to help the governing body overhaul its domestic cricket structure and improve the game’s administration. Lorgat, who stepped down as ICC CEO after a four-year spell at the end of June, will work with Sri […]
Sri Lanka briefs diplomats on LLRC action plan
July 31, 2012 (LBO) – Sri Lanka Tuesday briefed diplomats on the implementation of recommendations of a post war commission that looked into the root causes of the island’s ethnic conflict, ahead of a key UN human rights review later this year. External Affairs minister G.L. Peiris and secretary to the president Lalith Weeratunga has […]
Sri Lanka caught in Indian Ocean power struggle – scholar
July 31, 2012 (LBO) – Sri Lanka will inevitably be drawn in to power struggle for dominance in the Indian ocean as China increasingly seeks to extend its clout beyond its “traditional areas of operation into the Indian ocean,” a top US political scientist told a gathering in Colombo. Professor Sumit Ganguly, a renowned US […]
‘s inflation accelerates to 9.8-pct in July
July 31, 2012 (LBO) – Sri Lanka’s consumer prices accelerated to a 15-month high of 9.8 percent in July from a year earlier, as prevailing dry weather hurt food crops, official statistics data showed. Inflation as measured by the Colombo Consumer Price Index rose 0.9 percent during the month of July to 166.7 points, the […]
‘s central bank sells down Rs1.2bn from its bill stock
July 30, 2012 (LBO) – Sri Lanka’s Central Bank has sold outright 1.2 billion rupees from its 220 billion rupee Treasury bill stock to kill some of the liquidity that came from the purchase of dollars from a sovereign bond. The Central Bank said it had got bids for 850 million rupees for an offer […]
Sri Lanka central bank calls bids to sell bills outright
July 30, 2012 (LBO) – Sri Lanka’s Central Bank has called bids to sell up to 15.5 billion rupees of Treasuries in its holdings to the public to drain liquidity that came from the proceeds of a sovereign bond sale. On Monday an auction was called to sell 7.5 billion rupees of 3 week bills […]
Tight Quarter
July 30, 2012 (LBO) – Sri Lanka’s Union Bank group has report net profits of 27.4 million rupees for the June 2012 quarter, down 61.5 percent from a year earlier, amid rising interest rates and expenses. The bank did not separately report earnings per share at group level in quarterly accounts filed with the Colombo […]
Trading Monitor
July 30, 2012 (LBO) – A trading surveillance system developed by MillenniumIT, a London Stock Exchange unit based in Sri Lanka has gone live in at the Egyptian Exchange (EGX), the company said. “We are very pleased offer our services to the Egyptian Exchange to improve its surveillance and market monitoring functionsm,” Tony Weersinghe, chief […]
India show in Sri Lanka to boost investment and trade
July 30, 2012 (LBO) – India Show, an exposition of Indian business in Colombo to be held from August 03 has drawn over 100 exhibitors which will give a chance for the two countries to boost trade and investment as well as influence policy, officials said. “We hope this will be a platform to build […]