Economy & Markets

Sri Lanka’s CTC eyes e-cigarettes as fears over kids rise

Mar 13, 2014 (LBO) - Sri Lanka's Ceylon Tobacco Company, a unit of British American Tobacco said it was eyeing e-cigarettes as fears are rising in many …

Sri Lanka stocks close down 0.3-pct, rupee weaker

Mar 13, 2014 (LBO) - Sri Lanka's stocks close lower for the fourth consecutive day with tobacco and diversified stocks losing ground and the rupee weakened …

Sri Lanka Treasuries ease lower

Mar 12, 2014 (LBO) - Sri Lanka's Treasuries yields edged lower at Wednesday's auction with the 3-month yield down 02 basis points to 6. online pharmacy buy …

Sri Lanka needs near term moderate growth for stability: IMF output gap study

Mar 12, 2014 (LBO) - Sri Lanka has a potential gross domestic product growth of about 6.75 percent a year after the end of a civil war and near term moderate …

Sri Lanka stocks end down 0.2-pct

Mar 12, 2014 (LBO) - Sri Lanka's stocks close 0.19 percent lower Wednesday with leading food and beverage company losing ground, brokers said. SLT closed 70 …

Sri Lanka stocks down 0.2-pct, rupee stronger

Mar 11, 2014 (LBO) - Sri Lanka's stocks close 0.22 percent lower Tuesday with index heavy John Keells Holdings losing ground and the rupee was allowed to …

Sri Lanka sells US$187mn in 3-year floating rate bonds

Mar 10, 2014 (LBO) - Sri Lanka has sold 187 million dollars of 3-year bonds at a yield of 400 basis points above the London Interbank Offered Rate, the state …

Sri Lanka no longer “uncomfortable” with inflation blot on economic record

Mar 10, 2014 (LBO) - Sri Lanka is no longer "uncomfortable" with the blot of high inflation in its economic record when meeting international agencies and …

Sri Lanka stocks close weaker

Mar 10, 2014 (LBO) - Sri Lanka's stocks close 0.14 percent lower Monday with Sri Lanka Telecom and John Keells Holdings losing ground, brokers said. The …

Sri Lanka’s interest rates kept higher to help savers: Treasury Secretary

Mar 08, 2014 (LBO) - Sri Lanka's interest rates have been kept higher than underlying conditions required, in order to protect savers, Treasury Secretary P B …

Sri Lanka’s fastest growing firms to join US-based AllWorld Network

Mar 07, 2014 (LBO) - Sri Lanka firms and start-ups could gain wide visibility which will win them more business and financial backing after the island joined …

Sri Lanka stocks close flat

Mar 07, 2014 (LBO) - Sri Lanka's stocks close 0.07 percent higher Friday with index heavy John Keells Holdings extending gains amid thin foreign activity, …

Sri Lanka stocks close up 0.4-pct

Mar 06, 2014 (LBO) - Sri Lanka's stocks close 0.43 percent higher Thursday with index heavy John Keells Holdings extending gains, brokers said. Ceylon Tobacco …

Sri Lanka Treasuries yields steady

Mar 05, 2014 (LBO) - Sri Lanka's short term Treasuries yields eased slightly while the 12-month yield was unchanged at 7. online pharmacy buy diflucan with …

Sri Lanka’s First Capital sells Rs500mn debentures

Mar 05, 2014 (LBO) - Sri Lanka's First Capital Holdings Plc said it had raised 500 million rupees from a debt issue which was oversubscribed on the opening …

Sri Lanka HDFC Bank ‘BBB(lka)’ rating confirmed: Fitch

Mar 05, 2014 (LBO) - Fitch Ratings said it had confirmed a 'BBB(lka)' rating of Sri Lanka's HDFC Bank, a mortgage lenders, with stable outlook. Fitch said the …

Sri Lanka stocks close flat; rupee pegged

Mar 05, 2014 (LBO) - Sri Lanka's stocks close flat Wednesday with index heavy stocks ending on thinner gains and the rupee was kept pegged at 130.60/65 …

Sri Lanka consumer durables group profits plunge in December

Mar 04, 2014 (LBO) - Profits at Singer Sri Lanka Plc, a consumer durables retailer, fell 71 percent to 93 million rupees in the December 2013 quarter from a …

Sri Lanka central bank plugs IFRS disclosure hole

Mar 04, 2014 (LBO) - A directive by Sri Lanka's central bank has plugged a hole in newly introduced International Financial Reporting Standards (IFRS) which …

Free trade deal will open new avenues for BIMSTEC region: Sri Lanka President

Mar 04, 2014 (LBO) - A free trade deal that is being negotiated in countries bordering the Bay of Bengal, will open new avenues for co-operation, Sri Lanka's …