Last Updated :23-05-2012 10:37 |
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EconomyDollar borrowings send some listed corporates reeling   Sri Lanka’s listed corporates so far have incurred over Rs.5.7 billion loss as foreign exchange losses due to the depreciation of the Lankan rupee (LKR) against the US dollar, a quick compilation of data by Mirror Business revealed.Read more...Add new comment .gif){kind=small} Views: 626Tea tussle hots up; planters hit back Responding to the statement made by the Tea Exporters Association (TEA) on Tuesday, the Planters’ Association of Ceylon (PA) yesterday said that they are completely against the proposed importation of orthodox black teas of foreign origin to the country. Views: 652NSB-TFC deal is 'peanuts' compared to alleged fraud involving EPF says Harsha United National Parliamentarian and economist Dr. Harsha de Silva releasing a statement said that the alleged misuse of public funds in the controversial The Finance National Savings Bank deal is ‘peanuts', when compared with alleged fraudulent transactions involving the Central Bank managed Employees' Provident Fund (EPF) in the Colombo Stock Exchange, for the last two years. Views: 950Rupee up over 3%.jpg) The Sri Lankan rupee rose more than 3 percent yesterday as exporters sold dollars following the treasury secretary's threat to resume market interventions if the currency dropped beyond "tolerable" levels Views: 1399Rupee dips to record low Sri Lanka’s rupee fell 1.05 percent to a record low of 133.50 to the dollar yesterday on importer demand for the U.S. currency because of concern the rupee will weaken further if the Central Bank stops supplying dollars for oil bills.
Views: 2009T-bill yields up 20 bps Treasury bill yields rose across all maturities by 20 basis points at today’s auction held for the re-issue of Rs.12 billion maturing bills, according to the Public Debt Department of the Central Bank Views: 1126Rupee depreciation unwarranted - CB.jpg) The recent slide in Sri Lanka’s rupee is unwarranted as importer dollar demand has dropped significantly since the Central Bank took policy measures to curb imports, the bank’s Deputy Governor said yesterday. Views: 1410Energy costs may hinder tile industry growth- Report The Sri Lankan ceramic tile industry could see a surge in both its domestic and export markets provided that positive signs as to a global economic recovery and booming local construction industry are not offset by the industry’s escalating energy and raw material costs, according to a report on the tile sector from Asia Wealth Management Co (Pvt) Ltd. Views: 1182Govt. decides to get final IMF loan installment.jpg) The Sri Lankan government has decided to request the completion of t he eighth review of the ongoing US $ 2.6 billion IMF (International Monetary Fund) Stand-by facility in order to draw the last tranche of US $ 400 million, though Central Bank Governor had earlier said they country would not go for it. Views: 1304Brazil donates US$ 2.2mn worth of rice and beans to Sri Lanka The United Nations World Food Programme (WFP) operations in Sri Lanka welcomed a US$ 2.2 million donation of white rice and beans from the Government of Brazil yesterday. Views: 1188To Hambantota with love!.jpg) The reconditioned motor vehicle importers to the country said that they have no objection to the Sri Lanka Ports Authority’s (SLPA) move in routing ships carrying motor vehicles from Colombo to hambantota port for unloading. Views: 2113T-bill yields up.jpg) Treasury bill yields rose across all maturities at yesterday's bill auction held for the re-issue of Rs.10 billion maturing bills Views: 1002SL economic growth modest but strong– ADB The Asian Development Bank (ADB) yesterday described Sri Lanka’s economic outlook as ‘moderate but still strong’, adding that the economy would grow at 7 percent during 2012 and improve to 8 percent in the coming years amidst a better global economic outlook and growth driven mainly by domestic and foreign investment. Views: 1304Six Senses shelves plans to list on CSE.jpg) World-renowned leisure brand Six Senses is most likely to shelve its plans to list its regional business unit on the Colombo Stock Exchange (CSE). Views: 959IMF loan resumption positive for Lanka’s credit rating- Moody’s.jpg) The recommencement of the disbursement of the IMF tranches will be positive for Sri Lanka’s B1 credit rating, restoring investor confidence and strengthening foreign exchange reserves, Moody’s Investor Services noted.
Views: 848T bill yields flat The Treasury bill yields remained flat at yesterday’s bill auction for the re-issue of Rs.10 billion maturing bills, with the six months and twelve months yields remaining unchanged Views: 1364T-bill yields up; 6-month bids rejected.jpg) Treasury bill yields rose across maturities at yesterday's auction for the re-issue of Rs.10 billion maturing bills, though all bids for 6-month bills were rejected. Views: 1273Jan exports down; trade gap Rs.1bn Sri Lanka's export income during the month of January fell marginally to 0.6 percent year-on-year to US$918 million, while expenditure on imports rose 20.1 percent to US$1,883 million, the Central Bank said yesterday.
Views: 2092Dollar inflows steady - Central Bank The dollar inflows to Sri Lanka have increased substantially in the recent weeks, and a significant part of them were absorbed by the Central Bank boosting foreign reserves of the country, the Central Bank said in a statement Views: 2408T-bill yields up across all maturities Sri Lanka’s Treasury bill yields rose across all maturities with three-month yields rising 30 basis points to 10.11 per cent, six-month yields 24 basis points to 10.18 per cent and 12-month yields 15 basis points to 10.45 per cent, the data released by the Public Debt Department of the Central Bank following today's auction said Views: 1570Rupee at record low Sri Lanka's rupee hit a record low of Rs.121.20/40 against US dollar today.This was mainly due to importer dollar demand, as the Central Bank stayed away in line with its new policy against intervening to defend a specific price, currency dealers said. The rupee on Friday closed at Rs.119.90/120.00. Views: 2753Page 1 of 7 |
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