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* Sri Lanka introduces new consumer price index * Annual inflation at 7.1 pct, annual avg at 6.7 pct * Economists concern over core inflation (Adds details, comments) By Shihar Aneez COLOMBO, June 30 (Reuters) – Sri Lanka’s annual inflation slowed to 7.1 percent in June from a year earlier, easing from 8.2 percent in [...]
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COLOMBO (Reuters) – Winning the right to host the 2018 Commonwealth Games will grant war-hit Sri Lanka an opportunity to change the world’s perception of it whilst attracting investments for a sustainable growth momentum, the bid team’s head said on Thursday. The Indian Ocean island nation, emerging from the end of a three-decade conflict amid [...]
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* Unions say govt trying to force pension change * More than 200 injured in Monday’s clash * BOI closes main free trade zone for 2nd day By Shihar Aneez and Ranga Sirilal COLOMBO, May 31 (Reuters) – Sri Lanka’s major trade unions threatened on Tuesday continuous strikes unless the government scraps a proposed private [...]
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* May list most of its subsidiaries to raise funds * Aiming to catch post-war growth in auto industry By Shihar Aneez COLOMBO, May 27 (Reuters) – Sri Lanka’s energy-led conglomerate Laugfs Gas on Friday said it may go for rights issue or list its subsidiaries on the Colombo Stock Exchange to raise money for [...]
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COLOMBO, May 25 (Reuters) – Sri Lanka is analysing proposals forwarded by prospective lead managers for a $1 billion sovereign bond and will accept a tenure between 10 and 15 years depending on the price, the central bank said on Wednesday. The island nation’s fourth eurobond since it started to tap the international capital market [...]
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COLOMBO, May 24 (Reuters) – Sri Lanka’s May annual inflation will be lower than April’s 9.8 percent due to moderating supply side pressure, Central Bank Governor Ajith Nivard Cabraal said on Tuesday. Annual inflation hit a 27-month high last month mainly due to high commodity prices locally after flooding in January and February damaged crops, [...]
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COLOMBO, May 23 (Reuters) – Sri Lankan conglomerate Softlogic plans to raise 4 billion rupees ($36.4 million) through an initial public offering in June, the company’s chairman said on Monday. “In terms of IPO, we are raising 4 billion rupees and it has been approved by Colombo Stock Exchange and shares will be priced at [...]
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COLOMBO, May 12 (Reuters) – Even in the heart of Sri Lanka’s financial capital, convicted hedge fund founder and one-time billionaire Raj Rajaratnam remains a mystery to many on the island of his birth. Found guilty of 14 counts of conspiracy and securities fraud on Wednesday in New York in one of the United States’ [...]
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COLOMBO, May 11 (Reuters) – Lanka Indian Oil Corp. (LIOC) on Wednesday said it was ready to invest in oil-related infrastructure in Sri Lanka, but a lack of a fair fuel pricing structure is hurting its bottom and ability to invest to keep up with post-war demand growth. LIOC, the Sri Lankan arm of state-run [...]
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COLOMBO (Reuters) – Tourist arrivals into Sri Lanka are expected to grow by 20 percent to a record of more than 780,000 this year, thanks to growing homestays and apartment rentals to accommodate a post-war influx of visitors after the end of a 25-year civil war. The Indian Ocean island, once referred as one of [...]
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COLOMBO , April 18 (Reuters) – Thailand stocks gained on Monday to a more than 15-year closing high on better quarterly earnings hopes, but other Southeast Asian markets closed mixed, squeezed by a rise in Chinese reserve requirements the previous day. Volumes were thin as investors stayed on the sidelines amid growing concern over further [...]
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COLOMBO , April 14 (Reuters) – Indonesian stocks rose on Friday, led by financials, while worries about further policy tightening in China weighed on shares in Singapore and North Asia. Indonesia’s main benchmark index ended 0.6 percent, buoyed by a spate of late buying and $9.3 million of net foreign inflows. Banks were among the [...]
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