Category:
Sri Lanka Treasuries yields steady
Sept 14, 2011 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with the 3-month yield flat at 7. 11 percent data from the state debt office showed. The 6-month yield edged up one basis point to 7. 20 percnet and the 12-month yield rose one basis point to 7.26 percent. The debt […]
Sri Lanka stocks end down 0.5-pct
Sept 14, 2011 (LBO) – The slide in Sri Lanka’s stock market continued Wednesday with turnover also falling amid continued trade in stocks that had attracted speculators, brokers said. There were two crossings or off-market private deals of Distilleries Company of 350,000 shares at 175 rupees each. It closed at 175.10, up 10 cents. The […]
Language Skills
Sept 14, 2011 (LBO) – Sri Lanka is to get Indian aid to improve training in English language skills in the island, seen as a critical need especially in the corporate sector, under an agreement signed between the two governments. Inadequate English language skills has been cited as a reason for hiring difficulties by the […]
Watchdog Action
Sept 14, 2011 (LBO) – Sri Lanka’s Securities and Exchange Commission said it will take a stock advisor to court and had warned seven others including two investors over suspected price manipulation. An investment would be charged over s suspected trades in shares of MTD Walkers during January 2010 following decision taken on August 19. […]
Securities Fraud
Sep 14, 2011 (LBO) – Sri Lanka should increase fines for securities fraud because trading volumes and potential for profit is much higher than when the fines were originally set, a lawmaker has said. Harsha de Silva, a member of Sri Lanka’s opposition United National Party, said a 10 million rupee fine charged on Environmental […]
Doctor Net
Sept 14, 2011 (LBO) – e-Channelling, a listed Sri Lankan dotcom enabling patients to make appointments with doctors over the internet, is “aggressively” promoting the service outside Colombo after a sharp increase in bookings when it expanded its hospital network. The company said it is also looking to inject about a billion rupees into a […]
Sangakkara seeks Sri Lanka win in 100th Test
September 14, 2011 (AFP) – A hugely proud Kumar Sangakkara hopes Sri Lanka will celebrate his 100th Test appearance with a series-levelling victory over Australia in the final match in Colombo from Friday. “It’s a great honour to have represented my country for a period of time, and also a great honour to play 100 […]
US urges Sri Lanka to boost Tamil police
September 14, 2011 (AFP) – The United States on Wednesday urged Sri Lanka to deploy more minority Tamils to police the island’s former northern conflict zone to help “heal the wounds of war”. Tamils in the formerly embattled region feel intimidated by the presence of predominantly Sinhalese-speaking government forces and police, US Assistant Secretary of […]
‘s growth to slow: ADB
HONG KONG, September 14, 2011 (AFP) – Asia’s developing economies will post slower-than-expected growth this year and next as key trading partners reduce orders due to worries about the global economy, a report said Wednesday. However, the region will continue to see strong expansion as it makes up for lost exports to the developed world […]
Sri Lanka gets Indian aid for English training
Sept 14, 2011 (LBO) – Sri Lanka is to get Indian aid to improve training in English language skills in the island, seen as a critical need especially in the corporate sector, under an agreement signed between the two governments. The deal provides for equipment and teaching aids from India for setting up 30 language […]
Sri Lanka investments being mulled by Korea
Sept 14, 2011 (LBO) – South Korean firms like Hyundai and LG are interested in exploring investements in shipbuilding and electronics in Sri Lanka, the island’s ministry of industry and commerce said. The interest of Korean companies was revealed by South Korean ambassador Jongmoon Choi during a courtesy call on the industry and commerce minister […]
Sri Lanka rupee pressured, liquidity tightens
Sept 13, 2011 (LBO) – Sri Lanka’s rupee continued to be pressured in forex markets with the spot dollar held at 110. 10 rupees with forex sales by authorities Tuesday, dealers said, while liquidity tightened despite fresh injections. Excess liquidity in the interbank market fell to 27. 6 billion rupees Tuesday from 31.4 billion rupees […]