Economy & Markets

Sri Lanka sells 4-year bonds to yield below market

Aug 06, 2013 (LBO) - Sri Lanka has sold 4-year Treasury bonds at an auction Wednesday to yield 10.87 percent, the state debt office said, which is lower than …

Sri Lanka’s sovereign rating can be upped on better fiscal, monetary policy: Fitch

Aug 07, 2013 (LBO) - Sri Lanka's credit rating can be upgraded if fiscal and monetary policy improves leading to greater stability and steady growth and more …

Sri Lanka halts sale of baby formula, foreign milk power advertising

Aug 07, 2013 (LBO) - Sri Lanka has halted the sale of imported baby formula following a contamination scare over New Zealand made dairy products and media …

Sri Lanka corporate debt to get boost from S&P

Aug 06, 2013 (LBO) - Standard and Poor's Rating Services said is hosting a forum in Colombo on August 16 amid plans by Sri Lanka to boost the country's debt …

Sri Lanka Treasuries yields edge up

Aug 06, 2013 (LBO) - Sri Lanka's 12-month Treasuries yield edged up 05 basis points to 10. buy estrace online …

Sri Lanka deficit to move down with lower rates, PPPs: CB Governor

Aug 06, 2013 (LBO) - Sri Lanka's budget deficit will narrow and debt will slow with falling domestic interest rates and public private partnerships in …

Sri Lanka debt sales to expand 3-fold in five years

Aug 06, 2013 (LBO) - Sri Lanka domestic and foreign currency issues will expand three fold over the next five years, Fitch Ratings said in Colombo. "The …

Sri Lanka stocks close up 0.1-pct

Aug 06, 2013 (LBO) - Sri Lanka's stocks closed up 0.12 percent Tuesday with gains seen in the large cap stocks, brokers said. The benchmark Colombo All Share …

Sri Lanka stocks close down 0.7-pct

Aug 05, 2013 (LBO) - Sri Lanka's stocks closed down 0.68 percent Monday with losses in the large cap stocks and banking stocks, brokers said. The benchmark …

Sri Lanka’s faster growth bucking trend: Fitch

Aug 05, 2013 (LBO) - Sri Lanka's economy is growing faster despite a slow global recovery, but the country needs more savings and foreign direct investments to …

Sri Lanka Softlogic appoints risk, retail chiefs

Aug 02, 2013 (LBO) - Sri Lanka 's Softlogic group said it had appointed two senior executives with domestic and international experience to head the group risk …

Sri Lanka stocks close flat

Aug 02, 2013 (LBO) - Sri Lanka's stocks closed flat Friday with losses in the large cap stocks and banking stocks, brokers said. The benchmark Colombo All …

Sri Lanka calls auctions to mop up liquidity

Aug 02, 2013 (LBO) - Sri Lanka has called auctions to mop 20 billion rupees overnight and sell 9.5 billion rupees in Treasury bills outright after liquidity …

Sri Lanka’s ‘B+’ rating confirmed by S&P; warns on debt, institutions

Aug 01, 2013 (LBO) - Standard and Poor's has confirmed Sri Lanka's 'B+' sovereign rating with a stable outlook but warned on government debt and weak …

Sri Lanka stocks close up 2-pct

Aug 01, 2013 (LBO) - Sri Lanka's stocks closed up 1.98 percent Thursday following a week of losses with heavy activity in a plantation stock, some gains in the …

Sri Lanka’s inflation up 6.1-pct in July 2013

July 31, 2013 (LBO)- Consumer prices in Sri Lanka's capital Colombo rose 6.1 percent in July 2013 from year earlier easing from 6.8 percent in June, with the …

Sri Lanka 12-month Treasuries yield falls

July 31, 2013 (LBO) - Sri Lanka's 12-month Treasuries yield fell 04 basis points to 10.52 percent at Wednesday's auction, data from the state debt office said. …

Sri Lanka sovereign and banking forum by Fitch

July 31, 2013 (LBO) - Fitch Ratings will hold a sovereign and banking roundtable forum in Colombo on August 06, where senior analysts from the rating agency …

Sri Lanka raises fag taxes to boost revenues

July 31, 2013 (LBO) - Sri Lanka has raised taxes on cigarettes to bring in an additional 1. online pharmacy buy zofran with best prices today in the USA 4 …

Sri Lanka raises hard alcohol, beer taxes

July 31, 2013 (LBO) - Sri Lanka has raised taxes on hard alcohol by 75 rupees a litre and beer by 10 rupees per litre along with cigarettes which will help …