Sri Lanka former war zone economy transformation seen
Aug 20, 2010 (LBO) - Northern Sri Lanka, where education was highly valued before war retarded its growth, has potential to be transformed into a 'knowledge …
Economy & Markets
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Sri Lanka central bank cuts reverse repurchase rate
Aug 20, 2010 (LBO) - Sri Lanka's Central Bank said it has cut its reverse repurchase rate by 50 basis points to nine percent with immediate effect, while …
Sri Lanka gets Japan, ADB help to restore livelihoods of families affected by war
Aug 20, 2010 (LBO) - The Asian Development Bank (ADB) and Japan are providing financial aid to help Sri Lanka restore infrastructure and provide livelihood …
Sri Lanka Treasuries yields slip further
Aug 19, 2010 (LBO) - Sri Lanka’s Treasury bill yields slipped further at Wednesday’s auction, down by between 24 basis points to 36 basis points …
Sri Lankan stocks close up 2.71-pct, pass 5,500 points mark
Aug 19, 2010 (LBO) - Sri Lankan stocks broke new ground yet again this week and passed 5,500 points, Thursday, from gains across the board on low volume …
Sri Lanka to get investments from India’s Mahindra group
Aug 18, 2010 (LBO) - India's Mahindra and Mahindra group is planning to make investments in Sri Lanka initially in tourism and financial services and also …
Sri Lanka gets visit by ADB vice president
Aug 18, 2010 (LBO) - Asian Development Bank (ADB) said its Vice President Xiaoyu Zhao will visit Sri Lanka from 19-21 August for talks with the government and …
Sri Lankan stocks close up 2.19-pct, passes 5,400 points
Aug 18, 2010 (LBO) - Sri Lankan stocks closed at a new high and passed the 5,400 points mark Wednesday, from buying interest mostly on midcap and 'penny' …
Sri Lankan stocks close up 2.21- pct
Aug 17, 2010 (LBO) - Sri Lankan stocks rallied for the third straight day, Tuesday, from renewed buying interest on midcap stocks despite low trading volumes, …
Sri Lankan stocks close up 1.48-pct
Aug 16, 2010 (LBO) - Sri Lankan stocks rallied for the second straight day, Monday, in low volume trading, while there was renewed retail buying interest on …
Sri Lanka private investment mooted to free public money for social spending
Aug 13, 2010 (LBO) - Sri Lanka should consider more private investment in education and health in prosperous areas, freeing public money for investment in …
Sri Lankan shares close up 1.61-pct
Aug 13, 2010 (2010) - Sri Lankan shares closed higher Friday as midcap stocks rallied mostly on retail investor interest amidst low trading volumes, while …
Sri Lanka to lease prime land, re-settle squatters
Aug 12, 2010 (LBO) - The Sri Lankan plans to develop prime land in Colombo occupied by squatters by leasing some lands and issuing debentures to raise funds …
Sri Lanka selects HSBC, Bank of America, RBS for sovereign bond
Aug 12, 2010 (LBO) - Sri Lanka's central bank has chosen Hongkong and Shanghai Banking Corporation (HSBC), Bank of America Merrill Lynch and the Royal Bank of …
Sri Lankan stocks close down 0.86-pct
Aug 12, 2010 (LBO) - Sri Lankan stocks continued to slide Thursday, as retail investors with weak holding strength sold, while selected securities from …
Sri Lanka Treasuries yields continue to fall
Aug 12, 2010 (LBO) - Sri Lanka's Treasury bill yields fell further at Wednesday's auction with one year yields falling the most, the government debt office …
Sri Lanka Central Bank to increase forex trading
Aug 11, 2010 (LBO) - Sri Lanka's Central Bank has called for bids for a new treasury management system to modernise its dealing room amid plans to increase …
Sri Lankan stocks close down 0.28-pct
Aug 11, 2010 (LBO) - Sri Lankan stocks closed down Wednesday, as investors opted to take defensive positions on speculative shares despite Tuesday's rally, …
Sri Lankan stocks close up 4.73-pct
Aug 10, 2010 (LBO) - Sri Lankan stocks rallied and closed sharply higher, bouncing back over the 5,000 points mark Tuesday, after plunging at the opening, …
Sri Lanka advised to improve connectivity to prosperous areas
Aug 10, 2010 (LBO) - The World Bank has advised Sri Lanka to change its development approach and improve access of people to prosperous parts of the country …