Economy & Markets

Sri Lanka rupee edges lower

Apr 25, 2012 (LBO) - Sri Lanka's rupee was quoted at a new low of 132.80/133.20 against the US dollar edging down to a new low in mid morning trade Wednesday …

Sri Lanka state water board makes operational profit

April 24, 2012 (LBO) - State-run National Water Supply and Drainage Board has made a 1.9 billion rupees operational profit with higher revenues and a slight …

Sri Lanka shares end down 0.2-pct

April 24, 2012 (LBO) - Sri Lankan shares closed weaker Tuesday in lacklustre trading with turnover remaining low and interest mainly on low value speculative …

Sri Lanka rupee hits new low

Apr 24, 2012 (LBO) - Sri Lanka's rupee hit a new low of 132. online pharmacy buy azithromycin with best prices today in the USA buy azithromycin online …

Sri Lanka bank credit fall from peak in February

Apr 23, 2012 (LBO) - Sri Lanka's commercial banks loaned 55.3 billion rupees to private business in February 2012 higher than in January and state credit also …

Sri Lanka rupee weak, money markets liquid -Update

Apr 23, 2012 (LBO) - Sri Lanka's currency weakened Monday to above 131 rupees to US dollar after opening at 129.90/130.20 levels against the US dollar in the …

Sri Lanka shares end down

April 23, 2012 (LBO) - Sri Lankan shares closed lower Monday and turnover fell back to low levels despite some enthusiasm seen last week after regulators …

New ILO-World Bank study suggests tools to tide over economic shocks

April 21, 2012 (LBO) - Policymakers across the world should to develop a more robust labour market and expand workers social insurance cover, to tide over …

Sri Lanka IMF program staff report released

Apr 20, 2012 (LBO) - In perhaps a new shift to transparency Sri Lanka has released an International Monetary Fund staff report prepared to support the 7th …

Sri Lanka prematurely commended for avoiding trade sanctions

Apr 20, 2012 (LBO) - The International Monetary Fund has prematurely commended Sri Lanka for not imposing trade sanctions on itself, in a bid to end a balance …

Sri Lanka shares end down 0.6-pct

April 20, 2012 (LBO) - Sri Lankan shares slumped Friday after a short-lived rally the day before in a knee-jerk reaction to the lifting of price restrictions …

Sri Lanka bank debt sale hit by racing rates

April 19, 2012 (LBO) - Sri Lanka's listed Commercial Bank of Ceylon, the island's largest privately owned bank, said there were no takers for a five-year bond …

Sri Lanka shares end up 2-pct

April 19, 2012 (LBO) - Sri Lankan shares closed sharply higher Thursday after regulators lifted price restrictions imposed to curb speculation, brokers said. …

Sri Lanka shares end down

April 18, 2012 (LBO) - Sri Lankan shares closed weaker Wednesday with trading remaining lacklustre following a holiday for the traditional new year last week, …

Sri Lanka Treasuries yields rise again

Apr 18, 2012 (LBO) - Sri Lanka's Treasury bill yields rose again across maturities at Wednesday's auction following an increase of more than 50 basis points …

Sri Lanka to grow 7.0-pct in 2012: ADB

Apr 18, 2012 (LBO) - Sri Lanka will grow 7.0 percent in 2012 with tighter monetary policy brought in to strengthen the exchange rate and cut inflation and will …

Sri Lanka Bank of Ceylon hires foreign banks to sell bond

Apr 17, 2012 (LBO) - Sri Lanka's state-owned Bank of Ceylon has hired several foreign banks to arrange bond investor meetings in Asia, Europe and the US ahead …

Sri Lanka shares end down 0.4-pct

April 17, 2012 (LBO) - Sri Lankan shares closed weaker Tuesday with turnover beginning to pick up from low levels after a long holiday with interest still …

Sri Lanka’s CPC lose Rs94bn in 2011

Apr 17, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation lost 94 billion rupees in 2011 up from 27 billion rupees a year earlier, largely due to …

Sri Lanka expected global shock to slow credit: CB Governor

Apr 16, 2012 (LBO) - Sri Lanka expected a global slowdown to moderate credit in the second half of 2012 and did not tighten monetary policy but spent foreign …