Tag: lbo.lk
Sri Lanka stocks close up 0.3-pct
Dec 31, 2015 (LBO) – Sri Lankan stocks closed up at 0.35 percent with gains in some banking sector stocks, brokers said. The Colombo benchmark All Share Price Index closed higher at 23.87 points at 6,894.50 up 0.35 percent. S&P SL20 closed 29.00 points up at 3,634.07 up 0.80 percent. Turnover was at 326 million […]
Sri Lanka govt in informal consultation with IMF: CB Governor
Dec 31, 2015 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran said that they are examining the possibilities of an International Monetary Fund (IMF) loan facility next year. “Yes we are examining the possibilities and the government are in informal consultation with the IMF,” Mahendran said. “A team is due here for regular discussions […]
Sri Lanka has had wrong policy in transport: Eran
Dec 31, 2015 (LBO) – Sri Lanka has had wrong policy in encouraging private transport and congesting the roads, making it inefficient and polluting the environment, a deputy minister said.“As you can see we have too many vehicles on the roads,” Eran Wickramaratne, deputy minister, State Enterprise Development said.“The biggest frustration when you land at […]
Megapolis plan presented to President, USD 30bn worth investments in pipeline
Dec 31, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena was presented with the new government’s Megapolis Plan formulated to develop the island’s Western Province by Minister Champika Ranawaka on Wednesday.Minister of Megapolis and Western Development, Champika Ranawaka said Sri Lanka will be able to get about 30 billion dollars worth investments within next 10 […]
Sri Lanka stocks close up 0.3-pct
Dec 30, 2015 (LBO) – Sri Lankan stocks closed up at 0.33 percent with some banking and finance sector stocks making gains, brokers said. The Colombo benchmark All Share Price Index closed higher at 22.89 points at 6,870.63 up 0.33 percent. S&P SL20 closed 12.95 points up at 3,605.07 up 0.36 percent. Turnover was at […]
Sri Lanka T-bill yields up
Dec 30, 2015 (LBO) – Sri Lankan Treasury Bill yields were up at Wednesday’s auction with one-year yields up 19 basis points to 7.30 percent, a statement said. Three month bills were up 7 basis points to 6.45 percent at the auction and the six month bill yields rose 14 basis points to 6.83 percent. […]
China to ink FTA with Sri Lanka
Dec 30, 2015 (LBO) – China will have discussions with Sri Lanka next year on a proposed Free Trade Agreement (FTA) in a bid to build stronger trade and investment ties, a foreign news report said. Gao Hucheng, the Chinese Minister of Commerce was quoted on Chinese news agency Xinhua as saying that China […]
Sri Lanka’s Sanasa Development Bank debenture issue oversubscribed
Dec 30, 2015 (LBO) – Sri Lanka’s Sanasa Development Bank said that its listed debenture issue has drawn subscriptions worth over 4 billion rupees and successfully completing both tranches. “We have received applications for over 4 billion rupees and accordingly the total issue has been oversubscribed,” the Bank said in a stock exchange filling. “The […]
Sri Lanka’s Prime Minister appoints committee for constitutional reforms
Dec 29, 2015 (LBO) Sri Lanka’s Prime Minister, Ranil Wickremesinghe has appointed a 24-member committee from political and civil society to obtain views on constitutional reforms from the public. The move has received approval of the Cabinet, , a statement said. The Committee comprises of leading lawyers and civil society persons and include, Faizer […]
Sri Lanka stocks close down 0.4-pct: Volume at 21 month low
Dec 28, 2015 (LBO) – Sri Lankan stocks closed down at 0.44 percent following a Christmas long week-end holiday with index heavy and banking sector stocks making losses, brokers said. The Colombo benchmark All Share Price Index closed lower at 30.13 points at 6,828.51 down 0.44 percent. S&P SL20 closed 11.03 points down at 3,592.87 […]
Sri Lanka stocks close higher 0.06-pct
Dec 23, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent after two consecutive days of losses ahead of the Christmas long week-end with index heavy stock making gains, brokers said. The Colombo benchmark All Share Price Index closed higher at 4.07 points at 6,858.64 up 0.06 percent. S&P SL20 closed 1.35 points […]
Sri Lanka’s economic goals can be achieved through addressing brain drain: Eran
Dec 23, 2015 (LBO) – Sri Lanka’s deputy Minister of State Enterprise Development said that internationally exposed management skills of local expatriates are the need of the hour if the island nation is to achieve its expected economic targets in the near future. “Everyone only talks of capital and technology but in my experience it […]