Category: Economy and Markets
Sri Lanka tourist sector get relief on tsunami recovery loan
Jan 16, 2008 (LBO) – Sri Lanka’s tsunami affected tourism sector is to get repayment extensions running up to three years for loans taken up under the ‘Susahana’ and Small Business Revival Program (SBRP) lending schemes, the Central Bank said. Under the relief program, those who took SBRP and Sushana tsunami loans would receive a […]
Sri Lankan stocks firmer, JKH up 30% this week
Jan 16, 2008 (LBO) – Sri Lanka’s John Keells Holdings (JKH) closed the week up almost 30 percent at 66 rupees Friday after a media report that one of its largest shareholder would not divest any further, analyst said. “The market is not expecting good results, it depends on how much the market has absorbed […]
Sri Lanka rates up as liquidity tightens; CB bill stock Rs151bn
Jan 16, 2008 (LBO) – Overnight money rates spiked in Sri Lanka’s inter bank market and bond rates picked up amid tighter liquidity and the monetary authority opened its 12.00 percent liquidity facility, dealers said. Market participants parked 7.7 billion rupees at the repo window of the central bank by Friday while borrowing 14.1 billion […]
Sri Lanka stocks close up 3.35-pct
Jan 15, 2008 (LBO) – Sri Lanka stocks rallied 3.3 percent Thursday with punters bullish on plantation stocks and steep falls in the risk free interest rates over the week, dealers said. The Colombo All Share Index closed up 3.34 percent (52.62 points) at 1,628.87. The Milanka Index of liquid stocks closed up 4.94 percent […]
Sri Lanka stocks revive after rate cut, tea tonic
Jan 13, 2009 (LBO) – Sri Lankan shares rose almost across the board Tuesday with fresh interest in plantations although trading volumes remained modest, after a central bank rate cut and a recovery in tea prices, brokers said. Over 1.1 million shares of Malwatte Valley Plantations changed hands with the stock ending up a rupee […]
Sri Lanka bond yields fall after rate cut
Jan 13, 2009 (LBO) – Sri Lanka bond yields plunged Tuesday and recovered to settle lower than a day earlier, following a cut in the unrestricted discount window rate of the central bank by 200 basis points overnight, dealers said. The 01.04.2012 bond started at 18.90/19.0 percent levels, fell to 18.65/75 levels and went up […]
Sri Lanka oil derivative case takes new turn
Jan 13, 2008 (LBO) – Public interest litigants who petitioned Sri Lanka’s Supreme Court to halt payments on oil derivatives have said they are willing to terminate their cases, if court orders are not carried out, lawyers said. But court had responded saying that the exercise was about judicial review of executive action through a […]
Sri Lanka central bank cuts penal rate by 200 basis points to 17%
Jan 12, 2009 (LBO) – Sri Lanka’s central bank said it had cut the rate on its unrestricted discount window by 200 basis points to 17 percent, with immediate effect.Inflation as measured by the year-on-year change in the Colombo Consumers’ Price Index (base=2002), which reached 14.4 per cent by end-2008, is expected to further decelerate […]
Sri Lanka Dialog, cable company shares weaken
Jan 12, 2009 (LBO) – Sri Lanka’s dominant mobile firm Dialog Telekom sank below five rupees on the Colombo bourse Monday as India’s Bharti Airtel entered the market while cable companies fell sharply on news of copper hedging losses at one firm. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and […]
Sri Lanka shares slide in thin trade
Jan 09, 2009 (LBO) – Trading on Sri Lanka’s stock exchange virtually dried up Friday as turnover fell to a mere 18 million rupees and the market ending marginally weaker with Lanka Cement being the most actively traded stock, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send […]
Sri Lanka shares head down, Seylan Bank draws interest
Jan 08, 2009 (LBO) – Sri Lankan shares ended marginally weaker Thursday in thin trade and sentiment remaining gloomy with active, albeit low volume, trading in Seylan Bank, the subject of takeover interest, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]
Sri Lanka shares barely changed in thin trade
Jan 07, 2009 (LBO) – Sri Lankan shares ended marginally firmer Wednesday with volumes falling even further and speculative trading in Lanka Cement which said it had resumed cement sales. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index edged up 0.04 percent […]