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Sri Lankan stock exchange ‘second worst in the world’
Tamil Guardian 02 February 2012 Print ArticleE-mail ArticleFeedback On Article

The Colombo stock exchange, the best-performing stock market of 2009, has slumped to become the second-worst, only just ahead of Bangladesh.

The table, compiled by Bespoke Investment Group, looks at year to date stock market returns for 78 countries.

Sri Lanka’s bourse saw the second biggest loss of -7.94% compared to last year, placing them 77th on the list.

The Island blames the slump on over regulation and quoted brokers as saying that a lack of foreign inflows is also to blame for the lack of growth.

"Of the 78 countries analysed, 59 (75 percent) are in the black for the year, while 19 are in the red. Twelve countries have posted double digit gains already in 2012, with Argentina leading the way at 18.11 percent. Russia ranks second with a gain of 13.70% percent followed by Hungary in third and Greece (yes, Greece) in fourth," Bespoke Investment Group (BIG) said.

"The US currently ranks 33rd on the list with a gain of 4.73 percent year to date. The US ranks fourth among G7 countries behind Germany (10.88 percent), Italy (6.77 percent) and France (6.44 percent). The UK has been the worst performing G7 country so far in 2012 with a gain of 4 percent."

"Last year the BRICs were significant underperformers versus the rest of the world, but they’ve bounced back so far in 2012. As mentioned above, Russia is up 13.70 percent year to date, which is the best of the BRICs. Brazil ranks second with a gain of 10.92%, India isn’t far behind at 10.50 percent, and China ranks fourth with a gain of 5.44 percent.”

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Tamil Guardian 09 October 2015
EU calls for death penalty to be abolished

The European Union(EU) called for the abolition of the death penalty worldwide and welcomed Sri Lankan Justice Minister’s announcement that his government would vote in favour of the UN General Assembly resolution on a moratorium on the Death Penalty. The EU statement comes as Sri Lanka’s parliament debated the reinstatement of capital punishment, [more]

Tamil Guardian 09 October 2015
‘Inclusion of exiled victims will be litmus test for Sri Lanka’ – Frances Harrison

The inclusion of exiled victims and witnesses in Sri Lanka’s consultation for an accountability mechanism will be a litmus test of its credibility, writes former BBC correspondent Frances Harrison. [more]

Tamil Guardian 09 October 2015
Pastor harassed by officials and Buddhist monks

Police summoned and questioned a Christian pastor after four Buddhist monks forcibly entered a church in Bandaragama, in the Kalutara District, on September 6, and claimed the church was not a registered place of worship. [more]

Tamil Guardian 09 October 2015
UNHRC resolution betrayed country - former JVP leader

The general secretary of the People's Servants' Party, Somawanse Amarasinghe, said the resolution passed at the UN Human Rights Council last week was a betrayal of Sri Lanka. [more]

Tamil Guardian 09 October 2015
Sri Lanka resolution key US outcome at UNHRC alongside Syria, Yemen
The resolution on Sri Lanka was a key United States outcome at the UN Human Rights Council's (UNHRC) 30th session, alongside Syria, Yemen, Sudan, Burundi, [more]

Tamil Guardian 09 October 2015
73 return after fleeing Sri Lanka to seek asylum in India
Seventy-three refugees who fled Sri Lanka during the armed conflict and sought asylum in India left on Thursday to return home, reports The Hindu. Together with the assistance of the UN High Commissioner for Refugees (UNHCR), [more]

Tamil Guardian 09 October 2015
Japan lends $375m to Sri Lanka for new BIA terminal
Japan has agreed this week to lend Sri Lanka $375 million in order to build a new terminal at Colombo's Bandaranaike International Airport (BIA). The agreement is part of the 'Partnership for Quality Infrastructure' and follows the Sri Lankan prime minister, [more]

Tamil Guardian 09 October 2015
US announces further support for demining efforts in Sri Lanka
The US Ambassador to Colombo Atul Keshap, announced an additional $1.745 million to add to the demining initiatives of international and domestic organisations working under the National Mine Action Committee (NMAC)

Reiterating US support for demining in Sri Lanka, [more]

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