Economy & Markets

Sri Lanka to smoothen path for investors: ministers

Nov 17, 2010 (LBO) - A Sri Lankan state committee has finalized a report that has identified issues blocking investment and has proposed remedies to fast track …

Sri Lanka stocks close 0.53-pct down

Nov 16, 2010 (LBO) - Sri Lanka stocks closed 0.53 percent lower, extending losses with index heavy stocks dragging the market down, brokers said. Turnover was …

Sri Lanka holds policy rates, amid stronger credit growth

Nov 16, 2010 (LBO) - Sri Lanka's central bank said it was holding its policy rates steady with credit growth picking up to 15. online pharmacy buy abilify with …

Sri Lanka Treasuries flat

Nov 16, 2010 (LBO) - Sri Lanka's Treasuries yields were steady at Tuesday's auction with 13.0 billion rupees in bills being sold with 12.0 billion maturing, …

Sri Lanka stocks close 1.4-pct lower

Nov 15, 2010 (LBO) - Sri Lanka stocks closed 1.4 percent lower Monday in a broad sell-off in a continuing correction in thin trade, as buyers awaited a budget …

Sri Lanka forex sales pick up amid excess liquidity

Nov 15, 2010 (LBO) - Sri Lanka's central bank has sold 288. online pharmacy buy spiriva inhaler with best prices today in the USA buy abilify online …

Sri Lanka floods force up to 300,000 from their homes

November 11, 2010 (AFP) - Sri Lanka sent in troops to rescue residents marooned in the capital Colombo on Thursday after the heaviest rains in 18 years flooded …

India gold demand to rise on stronger ‘monetary asset’ perceptions: WGC

Nov 12, 2010 (LBO) - India, the top global consumer of gold, will see higher demand helped by a stronger perception that the metal is a reliable and safe …

Sri Lanka Hayleys rating on negative watch after acquisition

Nov 12, 2010 (LBO) - Sri Lanka's Hayleys' rating has been place on a 'negative' watch after the firm took on 2. online pharmacy buy diflucan with best prices …

Sri Lanka stocks end up 0.5-pct

Nov 12, 2010 (LBO) - Sri Lankan stocks closed higher Friday in thin trade as businesses recovered from devastating floods in the capital Colombo caused by …

Sri Lanka in new campaign to promote tea

Nov 11, 2010 (LBO) - Sri Lanka's tea industry will launch a marketing campaign to promote Ceylon tea next year with funds from a new export tax on exports, a …

Sri Lanka capital flooded, rains lash island

Nov 11, 2010 (LBO) - Parts of Sri Lanka's capital Colombo went under water as unprecedented rains lashed the island, and authorities warned residents to use …

Sri Lanka stocks end weaker

Nov 10, 2010 (LBO) - Sri Lankan stocks slumped again Wednesday, extending a losing streak, with trading drying up and a few private deals in units of the John …

Sri Lanka Asiri Hospitals group net down 52-pct

Nov 10, 2010 (LBO) - Sri Lanka's Asiri Hospitals group profit fell 52 percent to 23.3 million rupees though revenues rose 22. online pharmacy buy diflucan with …

Sri Lanka Treasuries yields flat after moving above policy rate

Nov 10, 2010 (LBO) - Sri Lanka's Treasury bill yields were flat at Wednesday's auction after yields of all maturities moved over the central bank's policy rate …

World moving towards new monetary system: Zoellick

SINGAPORE, November 10, 2010 (AFP) - The global economy is moving towards a new monetary system with gold emerging as a preferred alternative to existing …

Sri Lanka passes gaming law

Nov 10, 2010 (LBO) - Sri Lanka passed a gaming law which allowed casinos to be set up in areas designated by a minister, legalizing an activity that has anyway …

Sri Lankan shares close 0.7-pct down

Nov 09, 2010 (LBO) - Sri Lankan stocks closed down Tuesday as investors stayed out expecting further falls in future following a ban on stock brokers extending …

World Bank chief fires gold standard debate amid Fed money printing

Nov 09, 2010 (LBO) - World Bank chief Robert Zoellick has fired a debate on a return to gold as a monetary anchor with the United States engaging in new money …

Sri Lanka’s ‘bread battle’ bankrupts 2,000 bakers: industry

November 9, 2010 (AFP) - A Sri Lankan government campaign against bread and other wheat products has forced some 2,000 bakers out of business and left many …