Economy & Markets

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Sri Lanka rule of law seen key factor in luring investors

Sept 27, 2011 (LBO) - Sri Lanka must ensure that rule of law is maintained especially in commerce if it wants to be considered attractive to foreign investors, …

Sri Lanka stocks becalmed

Sept 27, 2011 (LBO) - Sri Lankan stocks were becalmed for the second day Tuesday with turnover also lower than usual amind continued trade in shares that had …

Sri Lanka bonds volatile, CB Treasuries top Rs50bn

Sept 26, 2011 (LBO) - Sri Lanka's bond yields ended lower after seeing unusual volatility dealers said, while the rupee continued to be defended at 110.30 to …

IMF to increase resources to more than $1 trillion: report

BERLIN, September 25, 2011 (AFP) - The International Monetary Fund may be hoping to increase its financial resources from $940 billion to at least $1.3 …

Sri Lanka export shift to Asia seen difficult

Sept 26, 2011 (LBO) - Sri Lankan exporters face difficulties in trying to shift from traditional markets in the West which are stagnant or growing only slowly …

Sri Lanka stocks stagnant

Sept 26, 2011 (LBO) - Sri Lankan stocks were barely changed Monday and turnover was also lower than usual with heavy trade in shares that had drawn the …

Sri Lanka IMF talks continuing on stalled review

Sept 25, 2011 (LBO) - Discussions are continuing with Sri Lanka on a periodic review under an International Monetary Fund bailout program which has supported …

Sri Lanka has cut deficit spending, lowered inflation: monetary minister

Sept 25, 2011 (LBO) - Sri Lanka has reigned in deficit spending, allowing inflation and interest rates to ease, giving space for people to engage in growth …

Sri Lanka stocks end down 0.4-pct

Sept 23, 2011 (LBO) - Sri Lankan stocks slumped again Friday closing lower for the fourth straight day with turnover also falling amid continued trade in …

Sri Lanka must seek balance between East and West: economist

Sept 23, 2011 (LBO) - Sri Lanka must improve trade ties with emerging Asian growth centres but not write-off the United States and Europe just because they are …

Sri Lanka bond yields edge up

Sept 23, 2011 (LBO) - Sri Lanka's bond yields edged up over the week with liquidity in interbank markets tightening, and the yield on a 2016 bond fell back …

Fed backs more stimulus, sidesteps pressure

WASHINGTON, September 21, 2011 (AFP) - The Federal Reserve redoubled its efforts to juice the US economy on Wednesday, unveiling a $400 billion stimulus plan …

Sri Lanka stocks extend losses, rupee weaker

Sept 22, 2011 (LBO) - Sri Lanka stocks closed 0.4 percent lower, while the rupee ended at 110.30/35 to the US dollar after an intervention rate was dropped 10 …

IMF warns global economy in danger zone

WASHINGTON, September 20, 2011 (AFP) - The global economy has entered "a dangerous new phase," with a recovery that is much weaker than was predicted just …

Sri Lanka Treasuries yields up

Sept 21, 2011 (LBO) - Sri Lanka's Treasury bill yields edged up across maturities and Wednesday's auction, with the 3-month yield up 3 basis points to 7. buy …

Sri Lanka stocks end down 0.5-pct

Sept 21, 2011 (LBO) - Sri Lankan stocks slumped again Wednesday with the benchmark index slipping below the 6,800 point mark amid heavy trade in a newly listed …

Sri Lanka accepts more cash through auction

Sept 20, 2011 (LBO) - Sri Lanka's central bank accepted 20 billion rupees at 7. buy diflucan online …

Sri Lanka stocks end down 0.7-pct

Sept 20, 2011 (LBO) - Sri Lankan stocks closed down Tuesday with a sharp increase in the price of an insurer control of which changed hands recently and …

Sri Lanka will not take all advice that is given: CB Governor

Sept 19, 2011 (LBO) - Sri Lanka will not take all economic advice that is given but chart its own course based on a longer term path, Central Bank Governor …