Economy & Markets

Sri Lanka rupee in volatile ride

May 02, 2012 (LBO) - Sri Lanka's rupee went on a wild ride Wednesday in thin trade in a market where there is little depth and uncertainty is high among …

Sri Lanka to keep to 6.2-pct GDP budget gap in 2012: Treasury Secy

May 02, 2012 (LBO) - Sri Lanka will keep to a 6. online pharmacy buy cymbalta with best prices today in the USA 2 percent of gross domestic budget gap planned …

Sri Lanka pays back money printed in April

May 01, 2012 (LBO) - Sri Lanka's Treasury has repaid most of the money borrowed from the banking system including printed money from the Central Bank to meet …

Sri Lanka to roll-over US500mn bond, extend maturity: Treasury secy

Apr 30, 2012 (LBO) - Sri Lanka will roll-over a maturing 500 million US dollar bond which is maturing in October 2012 and extend its tenor to 10-years, …

Sri Lanka, emerging countries should be watchful about Europe: IMF official

Apr 30, 2012 - (LBO) - Though the global economy is showing signs of improving, a slowing Europe and debt troubles which Sri Lanka and emerging Asia should …

Sri Lanka and India ratings could be hurt by oil subsidies: S&P

Apr 30, 2012 (LBO) - Sri Lanka and India could face credit downgrade if oil prices rise further and energy subsidies are not reduced, Standard and Poor's said …

Sri Lanka’s April inflation accelerates to 6.1 percent

Apr 30, 2012 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 6. buy propecia online …

Sri Lanka Central Finance to raise sell unlisted debt

Apr 29, 2012 (LBO) - Sri Lanka's Central Finance Company Plc, said it was planning to raise 700 million from a sale of unlisted debt.buy ventolin online buy …

Sri Lanka LOLC says placed Rs3bn in debt

Apr 29, 2012 (LBO) - Sri Lanka's Lanka Orix Finance Company Ltd Plc, said it had placed three billion rupees of 7-year debt in February 2011.lasix The firm …

Sri Lanka credit ceilings not proposed by IMF

Apr 28, 2012 (LBO) - Administrative controls imposed on Sri Lankan banks as part of a package of measures to combat a balance of payments crisis, were not …

Sri Lanka policy flexibility to bring longer term stability: IMF

Apr 27, 2012 (LBO) - On going policy tightening in Sri Lanka and commitment of policy flexibility, will slow growth and may push up inflation but will bring …

Sri Lanka forex markets quiet

Apr 27, 2012 (LBO) - Sri Lanka's rupee was tentatively quoted around 130.80/131.50 against the US dollar as markets opened Friday but with little firm quotes …

Sri Lanka’s pizza market to grow 25-pct in five-years: India’s Jubilant

April 26, 2012 (LBO) - India's Jubilant FoodWorks Limited, regional franchise holder for Domino's Pizza, is investing 300 million rupees in Sri Lanka in 2012, …

Sri Lanka state construction deals for local firms

Apr 26, 2012 (LBO) - Sri Lanka's government has agreed to reserve a proportion of construction contracts for local builders in a post-war building boom while …

Sri Lanka forex markets inactive

Apr 26, 2012 (LBO) - There were no deals in Sri Lanka's forex markets Thursday and quotes have also dried up pending a meeting of bank Treasurers with the …

Sri Lanka’s Bank of Ceylon US$500mn bond sale opens – Update

Apr 26, 2012 (LBO) - Subscriptions for a 500 million dollar bond by Sri Lanka's state-run Bank of Ceylon in international markets has opened and is attracting …

Sri Lanka forex market subdued

Apr 26, 2012 (LBO) - Sri Lanka's forex markets were subdued with isolated quotes after the conclusion of a meeting of bank treasurers with Central Bank …

Sri Lanka getting strong inflows, space to support oil bills if needed: CB Governor

Apr 25, 2012 (LBO) - Sri Lanka's rupee will be supported by inflows which are expected to be sold in the market ending current speculation and the Central Bank …

Sri Lanka Treasuries yields edge up

Apr 25, 2012 (LBO) - Sri Lanka's Treasuries yields rose 20 basis points across maturities at Wednesday's auction with the 12 month yield reaching 12. buy …

Sri Lanka central bank probes forex dealers

Apr 25, 2012 (LBO) - The central bank will take action against dealers who are engaging speculative deals in forex markets without underlying transactions, …