Sri Lanka’s shares rose on Friday led by hotel shares on the anticipation of a post-war tourism expansion, while the rupee closed weaker on importer demand for dollars. The All-Share Price Index .CSE of the Colombo Stock Exchange closed 0.28 percent or 11.04 points firmer at 3,966.87. It hit an all-time high of 3,981.67 points… Continue reading Hotel shares push Sri Lanka bourse up; rupee falls
Author: Reuters
Sri Lanka shares fall from record high; rupee down
Sri Lanka’s shares fell on Thursday in thin trade from a record high close in the previous session, snapping six straight rises led by hotel shares, while the rupee closed weaker on importer demand. The All-Share Price Index .CSE of the Colombo Stock Exchange closed 0.07 percent or 2.95 points weaker at 3,955.83, from its… Continue reading Sri Lanka shares fall from record high; rupee down
INSTANT VIEW-Sri Lanka ruling alliance wins parliamentary polls
Sri Lanka’s ruling alliance won a majority in parliament on Friday as votes were still being counted, in an election expected to entrench President Mahinda Rajapaksa’s political dominance. The following are some analysts’ comments and interpretations of the results: ANUSHKA SHAH, ECONOMIST, CITIGROUP "We view election results as positive from a policy continuity perspective. Given… Continue reading INSTANT VIEW-Sri Lanka ruling alliance wins parliamentary polls
Q+A-Whither Sri Lanka’s post-election economy?
Newly re-elected Sri Lankan President Mahinda Rajapaksa was expected to cement his dominance at parliamentary polls on Thursday, with his ruling alliance heavily favoured to win a majority. [ID:nSGE637028] Once the new parliament sits, it will be almost a year since Rajapaksa declared victory in a three-decade war over the Tamil Tiger rebels. So with… Continue reading Q+A-Whither Sri Lanka’s post-election economy?
Sri Lanka awaits first post-war parliament poll
Nearly 80,000 police and soldiers fanned out across Sri Lanka on Wednesday to guard ballot boxes on the eve of a parliamentary poll that should deepen the president’s dominance and bring some political stability. Thursday’s election of the Indian Ocean island nation’s 225-member parliament will be the first since a three-decade war with the Tamil… Continue reading Sri Lanka awaits first post-war parliament poll
Q+A-Sri Lanka’s parliamentary elections
Sri Lanka’s opposition on Monday vowed to deny the ruling coalition a two-thirds majority at this week’s parliamentary election, to thwart the president’s plans to win the power to change the consitution. Campaigning for the legislative polls was due to end after Monday, a day on which police recorded the first campaign-related fatality of this… Continue reading Q+A-Sri Lanka’s parliamentary elections
Sri Lanka opposition vows to stop leader’s poll plan
Sri Lanka’s opposition on Monday vowed to deny the ruling coalition a two-thirds majority at this week’s parliamentary election, saying it would give an already powerful president too free a hand to rule. President Mahinda Rajapaksa, fresh from a landslide re-election in January, has said he expects his United Peoples Freedom Alliance (UPFA) to get… Continue reading Sri Lanka opposition vows to stop leader’s poll plan
Sri Lanka’s president urges Tamil voters to trust him
Sri Lankan President Mahinda Rajapaksa on Thursday promised voters in the minority Tamil city of Jaffna a role in solving their own problems in his second visit since the end of a three-decade civil war in May. Voters in Jaffna and other Tamil areas roundly rejected Rajapaksa, who led Sri Lanka’s victory over the Liberation… Continue reading Sri Lanka’s president urges Tamil voters to trust him
Q+A-Sri Lanka’s parliamentary elections
Sri Lankan President Mahinda Rajapaksa campaigned in the northern city of Jaffna on Thursday, hoping to win support for his party from Tamil voters at a parliamentary election on April 8. It was his second visit to the Tamil area since the government defeated Tamil Tiger separatists last year and ended one of Asia’s longest-running… Continue reading Q+A-Sri Lanka’s parliamentary elections
Banks, John Keells propel Sri Lanka bourse
Sri Lanka’s shares rose on Friday for a second straight session, led by the banking sector .CSEBF and heavy buying of John Keells Holdings JKH.CM, a favorite of foreign investors. The All-Share Price Index .CSE of the Colombo Stock Exchange closed 1.16 percent or 43.33 points firmer at 3,773.76, recouping some of the losses it… Continue reading Banks, John Keells propel Sri Lanka bourse
