Economy & Markets

Sri Lankan stocks end 0.28-pct up, Keells Hotels heavily traded

Apr 16, 2010 (LBO) - Sri Lankan stocks closed up Friday on price gains on mid- and small-cap stocks despite price drops in selected high value shares, while …

Sri Lanka gets ADB help to get more taxes, spend better

Apr 16, 2010 (LBO) - The Asian Development Bank said it will give Sri Lanka a 50 million US dollar loan to improve government revenue management, including tax …

Sri Lanka central bank makes record profits

Apr 16, 2010 (LBO) - Sri Lanka's Central Bank has made a record 33 billion rupee profit in 2009 as low yielding foreign reserves were lost and replaced with …

Sri Lanka moves to free prime property in capital

Apr 16, 2010 (LBO) - Prime property in Sri Lanka's capital Colombo could be made available to private developers when the government goes ahead with a planned …

Fed’s Bernanke sees ‘moderate’ economic recovery

WASHINGTON, April 15, 2010 (AFP) - Federal Reserve chief Ben Bernanke warned on Wednesday the US economy will recover at a "moderate" pace and that significant …

Sri Lanka gets $150mn ADB emergency loan

Apr 15, 2010 (LBO) - The Asian Development Bank (ADB) said it is providing 150 million US dollars in an emergency loan to Sri Lanka for projects to help people …

Sri Lanka shares end down 0.07-pct

Apr 15, 2010 (LBO) - Sri Lankan stocks closed weaker Thursday, easing off record highs on thin volumes as investors took a break for the traditional New Year …

Sri Lanka needs ‘realistic’ petroleum price formula: Central Bank

April 14, 2010 (LBO) - Sri Lanka needs a price formula to match import costs to retail prices as a part of a reform of the energy sector, the Central Bank said …

Sri Lanka shares end up 0.49-pct

Apr 12, 2010 (LBO) - Sri Lankan stocks closed firmer Monday with some large deals done while activity petered off towards the end of trading ahead of a long …

Sri Lanka poverty subsidy helping not only the poor: CBSL

Apr 12, 2010 (LBO) - A Sri Lankan poverty alleviation subsidy programme provides benefits to well over a quarter of the people, an unrealistically high number, …

Sri Lanka Treasuries flat ahead of traditional New Year

Apr 12, 2010 (LBO) - Sri Lanka's Treasury bills yields were flat at Monday's auction, held early ahead of a two-day holiday for a traditional New Year, …

IMF chief says no to higher inflation to reduce debt

Apr 11, 2010 (LBO) - The head of the International Monetary Fund played down suggestions that inflation should be raised to slash the real value of state debt, …

Sri Lanka lose 39,000 industrial jobs

Apr 09, 2010 (LBO) - Sri Lanka has lost 39,700 industrial jobs and 136,000 agricultural jobs in the fourth quarter of 2009 from a year earlier but gained …

Sri Lanka stocks close 0.77-pct up

Apr 08, 2010 (LBO) - Sri Lankan stocks continued to rally and closed at a new high Thursday, as investors bought hotels and selected high value shares despite …

Sri Lanka expects leisure to loom larger in FDI

Apr 08, 2010 (LBO) - Telecom and power sectors which accounted for 65 percent of foreign direct investment to Sri Lanka in recent years will play a less …

Sri Lankan stocks hit new high

Apr 07, 2010 (LBO) - Sri Lankan stocks hit a record high and passed 3,900 points Wednesday as institutional and high net-worth investors bought index-heavy, …

Sri Lanka needs stable economy to progress: CB governor

Apr 06, 2010 (LBO) - Sri Lanka needs a stable economy with low inflation and 'reasonable' interest rates to progress and reduce poverty, after recovering from …

Sri Lanka apparel sector has vacancies: investment chief

Apr 06, 2010 (LBO) - Employment at Sri Lanka's export processing zones have increased 3.7 percent by end 2009 and there are now unfilled vacancies at some …

Sri Lankan stocks hit new high, end up 2.34-points

Apr 06, 2010 (LBO) - Sri Lankan stocks rallied across the board Tuesday with the All Share Price Index (ASPI) reaching a new high, passing the previous high of …

Sri Lanka to issue coin to replace note

Apr 05, 2010 (LBO) - Sri Lanka will issue a new ten rupee coin from April 05, to replace a note of a similar denomination now in circulation, the Central Bank …