Sri Lanka retail buying push shares up 1.77-pct
June 07, 2010 (LBO) - Sri Lankan stocks closed higher Monday with strong buying by retail investors pushing up blue chips and 'mid-cap' stocks and sending the …
Economy & Markets
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Sri Lanka firms struggle with rising labour costs: reports
June 06, 2010 (LBO) - A coir factory in a coconut growing northeastern district in Sri Lanka is facing labour problems and a yet another state enterprises is …
Sri Lanka aims for investment grade rating by 2013: CB Governor
June 05, 2010 (LBO) - Sri Lanka is aiming to push its speculative sovereign rating to investment grade by 2013 by fixing government finances, keeping inflation …
Sri Lanka and India should move for closer economic ties: president
June 04, 2010 (LBO) - Sri Lanka and India have an opportunity to move towards closer economic ties as the end of a 30-year war opened up new opportunities, Sri …
Sri Lanka Central Bank releases latest economic, social statistics
June 04, 2010 (LBO) - The Central Bank of Sri Lanka said it has just released its annual publication 'Economic and Social Statistics of Sri Lanka 2010' with …
Sri Lanka north-east ripe for tourism, agriculture
June 04, 2010 (LBO) - Sri Lanka's Eastern and Northern provinces are ripe for investment in tourism, food processing and finance with infrastructure being …
Sri Lankan stocks close at record high, up 0.51-pct
June 04, 2010 (LBO) - Sri Lankan stocks closed at a new high Friday, boosted by gains on index heavy shares, with Nations Trust Bank (NTB) and Pan Asia Banking …
Sri Lanka to remove tax on foreign currency note imports: minister
June 03, 2010 (LBO) - The Sri Lankan government is to remove taxes totaling up to 22 percent on import of foreign currency notes in an effort to curb black …
Sri Lankan stocks close up 0.74-pct, banks gain
June 03, 2010 (LBO) - Sri Lankan stocks closed at a new high Thursday, boosted by gains in financial sector shares while the Furkhan family sold remaining …
Sri Lanka shares rise on interest in banks
June 02, 2010 (LBO) - Sri Lankan stocks closed higher Wednesday, with a big stake in Commercial Bank being sold to a foreign buyer and speculation high …
Sri Lanka T-bill yields steady
June 02, 2010 (LBO) - Sri Lanka's Treasury bill yields were steady at this week's auction with the 3-month yield edging 02 basis points lower to 8. online …
Sri Lanka slashes vehicles import duty; lifts import surcharge
June 01, 2010 (LBO) - Sri Lanka has slashed an import excise duty on vehicles by 50 percent amid a pick up in the economy and demand for vehicles, lifted a …
Sri Lanka motor stocks rise on import duty cut
June 01, 2010 (LBO) - Sri Lankan stocks recovered Tuesday, as investors bought motor and consumer products firms on news of import tax cuts on vehicles and …
Spending ‘experts’ in new twist to defend state excesses
PARIS, May 30, 2010 (AFP) - As European governments rush to cut budget deficits with draconian austerity measures, experts are warning that the fallout could …
Sri Lanka inflation slows to 5.3-pct in May
May 31, 2010 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 5.3 percent in May 2010 from a year earlier, down from 5.8 percent in April, the third …
Sri Lanka Hayleys ‘AA-(lka)’ rating confirmed
May 31, 2010 (LBO) - Fitch Ratings said it had confirmed an 'AA-(lka)' rating on Sri Lanka's Hayleys Ltd, on expected higher profitability of operating …
Sri Lanka shares end 0.33-pct down
May 31, 2010 (LBO) - Sri Lankan stocks closed lower Monday, with trade driven by retail investors and foreigners largely staying out of the becalmed market, …
‘March of blondes’ cheers up crisis-hit Latvia
RIGA, May 29, 2010 (AFP) - Decked out in pink, their locks glinting in the sunshine, hundreds of blondes marched arm-in-arm through the Latvian capital Riga …
Sri Lanka needs to contain deficit for long term growth: ADB chief
May 28, 2010 (LBO) - Sri Lanka has to contain its fiscal deficit to sustain growth and maintain stability as the country emerges from a 30-year conflict and …
Sri Lanka forex reserve edge up in March
May 27, 2010 (LBO) - Sri Lanka foreign exchange reserves rose to 5,192 million US dollars in March 2010 from 5,032 million dollars a month earlier, with …