Sri Lanka stocks end down 0.9-pct »
Oct 04, 2011 (LBO) – Sri Lankan stocks closed lower Tuesday with losses in shares that had been pushed up by speculators and a newly listed finance firm being heavily traded, brokers said. The main All Share Price Index fell 0.91 percent (61.85 points) to 6,721.54, while the more liquid Milanka index fell back below [...]
Central Bank is twisting statistics, misleading public – Harsha de Silva »
by Zacki Jabbar The Central Bank is being accused of twisting statistics to project an unrealistic picture of economic development. National List MP and Economist Harsha de Silva told “The Island” yesterday that the Central Bank was a respected institution from which people expected an unbiased and truthful account of economic realities. But attempts at [...]
Cost of Living hit for a six »
Huge increases in fuel and gas prices, as Lankans focus on World Cup Fuel price hikes by the state-owned Ceylon Petroleum Corporation (CPC) and the Indian-backed Lanka India Oil Corporation (LIOC), whilst Sri Lankans were engrossed in yesterday’s World Cup cricket match, will cause formidable increase in food prices, other goods and services. The CPC [...]
Shares close down 0.40% »
March 21, 2011, 9:06 pm LBO: Sri Lankan shares sank again Monday, extending Friday’s losses in choppy trade, with a large private deal in Central Finance, which was among top gainers, boosting turnover, brokers said. The All Share Price Index closed at 7,156.33, down 0.40 percent (28.61 points) while the more liquid Milanka index fell [...]
ලාෆ්ස් ගෑස් රුපියල් 96කින් ඉහළ දමයි-Laugfs gas goes up »
ලාෆ්ස් ගෑස් සමාගම කිලෝග්රෑම් 12.5ක ගෘහස්ථ ගෑස් සිලින්ඩරයක මිල රුපියල් 96කින් ඉහළ දමා තිබේ. මෙම මිල ඉහළ දැමීම අද මධ්යම රාත්රියේ සිට ක්රියාත්මක කිරීමට නියමිතය. මේ අනුව ලාෆ්ස් ගෑස් සිලින්ඩරයක නව මිල වන්නේ රුපියල් 1652 කි. මේ සමග හෝටල් ආශ්රිතව අලෙවි කරන ආහාර ද්රව්යවල මිල ගණන්ද ඉහල නගිනු ඇතැයි වෙළෙඳපොළ ආරංචි මාර්ග සඳහන් කරයි. කෙසේ [...]
China’s economic turning point »
Communist party leaders need to steer China away from export led growth towards more domestic consumption. Stephen S. Roach Last Modified: 24 Feb 2011 20:01 GMT Export led economic growth, based on cheap labour, has created vast inequalities [Reuters] In early March, China’s National People’s Congress will approve its 12th Five-Year Plan. This plan is [...]
China has overtaken Japan as the world’s second-biggest economy. »
14 February 2011 Last updated at 06:19 ET Japan’s economy was worth $5.474 trillion (£3.414 trillion) at the end of 2010, figures from Tokyo have shown. China’s economy was closer to $5.8 trillion in the same period. Japan has been hit by a drop in exports and consumer demand, while China has enjoyed a manufacturing [...]
China: The new World Bank »
Photo of Chinese President Hu Jintao with the leaders of Russia, Brazil, and India (Image by Wikimedia user kremlin.ru (cc:by)) The world’s biggest investor in developing countries is no longer the World Bank. It’s China. This story was originally covered by PRI’s The Takeaway. For more, listen to the audio above. Over the past two [...]
Sri Lanka can loosen monetary policy amid fiscal tightening: economist »
Jan 14, 2010 (LBO) – Sri Lanka could loosen monetary policy if it is balanced by tightening fiscal policy to manage inflation, a senior World Bank economist said South Asian nations struggled with large deficits and high inflation from past loose policy. “Aggregate demand can be sustained by tightening fiscal policy and loosening monetary policy,” [...]
Obama: ‘This Is The Public Option All Over Again.’ »
Dec. 7 2010 – 3:57 pm | 337 views | 1 recommendation | 3 comments By BRIAN WINGFIELD WASHINGTON D.C. – DECEMBER 6: U.S. President … Just when you thought the bickering between political parties in Washington couldn’t get any worse, along comes an intense intra-party fight. At a hurried White House press conference Tuesday, [...]
