Category: Economy and Markets
Sri Lanka shares end firmer, heavy trading in Dankotuwa
Sept 04, 2008 (LBO) – Sri Lankan shares indices ended slightly firmer largely owing to gains in Dialog Telekom but turnover was low although there was heavy trading in Dankotuwa Porcelain, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index went […]
Sri Lanka looks for drug resistant bugs
Sept 04, 2008 (LBO) – Sri Lanka is starting a survey to find bugs that are resistant to antibiotics, and also standardize testing, a pharmaceuticals giant that is funding the project, said.To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “Epidemiological information on resistance patterns is scarce in […]
Sri Lanka shares weaken, Indian Oil unit gains as oil prices fall
Sept 03, 2008 (LBO) – Sri Lankan shares fell again Wednesday with the local unit of Indian Oil Corp (IOC) gaining as its earnings outlook improves on falling oil prices, brokers said. The indices were dragged down mainly by the fall in Dialog Telekom, which ended down 25 cents at 10.75 rupees with 314,100 shares […]
Sri Lanka Treasury bill yields fall
Sept 03, 2008 (LBO) – Sri Lanka’s Treasury bill yields fell at Wednesday’s auction with 6-month bills falling 26 basis points to 17.75 percent, and 12-month yields fell 10 basis points to 18.50 percent, the government’s debt office said. Three month bills were not offered. The debt office, which is a unit of the central […]
Sri Lanka shares becalmed, investors chase Bogala Graphite
Sept 01, 2008 (LBO) – Sri Lankan shares ended hardly changed Monday with retail investors who had been playing with property stocks turning their attention to Bogala Graphite, diving its price up sharply, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]
Sri Lanka to sell US dollar bonds
Sept 01, 2008 (LBI) – Sri Lanka will sell 70 million dollars of 2-year bonds which pays interest every six months, on an auction basis for which subscriptions will open on September 08, the government’s debt office said. A 70 million US dollar ‘Sri Lanka Development Bond’ tranche is maturing on September 22, which will […]
‘t print money for wars or subsidies
Aug 29, 2008 (LBO) – A central bank should not relax monetary policy (print more money) to increase employment, or finance wars and subsidies, because inflation, which is worse than terrorism, would be the result, a top Sri Lankan economist said. Economic analysts have pointed out that inflation and foreign exchange shortages became a problem […]
Sri Lanka August inflation falls to 24.9-pct
Aug 29, 2008 (LBO) – Consumer prices increases in the Sri Lankan capital Colombo fell to 24.9 percent in the 12-months to August from 26.6 percent in July, government statistics showed.Sri Lanka’s Central Bank has kept monetary policy tight from the beginning of the year under a strict reserve money targeting regime, which was further […]
Sri Lanka shares sag, profit taking on property stocks
Aug 29, 2008 (LBO) – Sri Lankan shares ended weaker Friday with the indices pulled down by losses in heavyweight telecom counters and profit taking seen in property stocks that rose on speculation, brokers said. Several stocks in the land and property sector had been heavily traded in recent days with their prices swinging sharply. […]
Sri Lanka stocks close up, Equity One soars on speculative trading
Aug 28, 2008 (LBO) – Sri Lankan stocks closed higher with the illiquid Equity One driven up by over 50 percent on speculative trading by retail investors, brokers said. Lanka IOC has doubled profits in the June 2008 quarter to just over a billion rupees. Dedigama said falling interest rates may have made stocks comparatively […]
Sri Lankan jet strikes after Tiger plane attack
August 27, 2008 (AFP) – Sri Lankan jets carried out retaliatory attacks against Tamil Tiger rebels on Wednesday, a day after the guerrillas used a light aircraft to bomb a key naval facility, officials said.Tens of thousands of people have died since the LTTE launched a separatist campaign in 1972 to carve out a homeland […]
Sri Lanka stocks firmer, heavy trading in AMW, JKH
Aug 27, 2008 (LBO) – Sri Lankan stocks ended a shade firmer and turnover increased to almost half-a-billion rupees with strategic buying seen in Associated Motorways (AMW) and heavy trading in John Keells Holdings (JKH), brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All […]