Tag: lbo
Sri Lanka to supply free domestic power connections to resettled families in the North and East
Aug 03, 2015 (LBO) – Sri Lanka’s government plans to restore provision of electricity connections free of charge to 20,000 resettled families in the North, Cabinet Spokeman Rajitha Senaratne said.At present, 232,828 families (796,342 members) are resettled in the Northern and Eastern Provinces, with the end of Tamil tiger war in 2009.The government will also […]
South Asia to grow 7.3 pct in 2015: ADB
July 29, 2015 (LBO) – South Asia is expected to grow 7.3 percent in 2015, up slightly from 7.2 percent seen earlier, with a better-than-expected economic performance in Bangladesh balancing the earthquake-related slowdown in Nepal, a new ADB report says. “In 2016, growth for the sub region is expected to expand to 7.6 percent,” a […]
Sri Lanka stocks close up 0.2-pct
July 27, 2015 (LBO) – Sri Lanka’s stocks closed up 0.19 percent on Tuesday, with index heavy stocks making gains, brokers said. The Colombo benchmark All Share Price Index closed 13.84 points higher at 7,261.07 up 0.19 percent. The S&P SL20 closed 19.33 points higher at 4,087.00 up 0.48 percent. Turnover was 1.09 billion rupees, […]
Chinese stocks continue slide following historic sell-off
July 28, 2015 (LBO) – China’s main stock index, Shanghai Composite continued its slide and fell by 4.3 percent to 3,567.38 points in early trade Tuesday, foreign media reports said. China has tried to calm investors by reassuring them it would implement prudent monetary policy to stabilise markets with the country’s central bank injecting 8.05 […]
Kantale sugar gets foreign investment of USD 100MN for restructuring
July 28, 2015 (LBO) – Sri Lanka’s Board of Investment (BOI) signed 100 million US dollars agreement with M G Sugars Lanka, a subsidiary of UK based Mendel Gluck to restructure the island’s state owned Kantale Sugar Factory.“Sri Lanka’s government will own 51 percent of the factory while 49 percent will be held by the […]
Sri Lanka stocks close down 0.3-pct
July 27, 2015 (LBO) – Sri Lanka’s stocks closed down 0.30 percent on Monday following a nine week high, brokers said. The Colombo benchmark All Share Price Index closed 21.82 points lower at 7,247.23 down 0.30 percent. The S&P SL20 closed 3.98 points lower at 4,067.67 down 0.10 percent. Turnover was 1.08 billion rupees, down […]
Sri Lankan exporter secures Rs53mn order for Ceylon Sapphire
July 27, 2015 (LBO) – A Sri Lankan exporter from Matale has secured a 53 million rupee order for Sapphire gems at the recently held Milano exposition, Sri Lanka Tourism Promotion Bureau (SLTPB) said in a statement.“The buyer hails from Zhejiang Province in China and has signed the agreement for delivery within a year,” the […]
Sri Lanka stocks close up 0.8-pct
July 24, 2015 (LBO) – Sri Lanka’s stocks closed up 0.78 percent on Friday mainly due to the Central bank announcement that policy rates would be maintained, brokers said. The Colombo benchmark All Share Price Index closed 56.43 points higher at 7,269.05 up 0.78 percent. The S&P SL20 closed 40.90 points higher at 4,082.11 up […]
Sri Lanka’s EPF should be managed by public trust, Not allowing Central Bank to manipulate: Eran
July 24, 2015 (LBO) – Sri Lanka’s Employee Provident Fund should come under a public trust and not allowed to be manipulated by the Central bank, a former deputy minister said. “This is one of the biggest frauds happening in the country and I have been saying this in parliament for the last five years,” […]
Sri Lanka private sector credit growth expands, Policy rates to be maintained: Central Bank
July 24, 2015 (LBO) – Sri Lanka Central Bank says credit to the private sector by commercial banks grew by 17.6 per cent, year-on-year, in May 2015, given the low interest rate environment in the Island. In absolute terms, credit to the private sector expanded by 48.6 billion rupees in the month of May and […]
Sri Lanka stocks close up 0.2-pct on seven week high
July 23, 2015 (LBO) – Sri Lanka’s stocks closed up 0.18 percent on Thursday on a seven week high with index heavy stocks continuing to show gains, brokers said. The Colombo benchmark All Share Price Index closed 12.99 points higher at 7,212.62 up 0.18 percent. The S&P SL20 closed 3.38 points higher at 4,041.21 up […]
Sri Lanka’s official reserves USD 6.8bn in May 2015
July 23, 2015 (LBO) – Sri Lanka’s gross official reserves stood at 6.8 billion US dollars in May 2015, equivalent to 4.2 months of imports, while total foreign assets amounted to 8.7 billion US dollars, equivalent to 5.3 months of imports, data showed. Sri Lanka’s gross foreign reserves rose to 7.5 billion US dollars in […]