Economy & Markets

Sri Lanka retirement fund gives 10-pct return for 2009

Mar 25, 2010 (LBO) - Sri Lanka's Employees’ Provident Fund gave members a real rate of interest of 10.01 percent in 2009 with annual average inflation …

Sri Lankan stocks close up 0.21-pct

Mar 25, 2010 (LBO) - Sri Lankan stocks closed higher Thursday pulled up by gains in index heavy John Keells Holdings (JKH), while a large deal on Hatton …

Sri Lanka warned against excessive foreign reserves

Mar 24, 2010 (LBO) - Holding large foreign exchange reserves could actually be a burden for Sri Lanka's government and deny funds from badly needed …

Sri Lankan stocks close 0.21-pct down

Mar 24, (2010) - Sri Lankan shares closed down Wednesday as retail investors remained cautious, while a large deal on index heavy John Keells Holdings (JKH) …

Sri Lanka businesses told: be prepared, watch warning signs

Mar 24, 2010 (LBO) - Sri Lankan businesses should be prepared for economic downturns and watch for warning signs from other economies to avoid being hurt …

Sri Lanka Treasuries yields edge up

Mar 24, 2010 (LBO) - Sri Lanka's 3-month Treasury bill yields moved up 05 basis points to 8. online pharmacy buy diflucan with best prices today in the USA 45 …

Sri Lanka loosened monetary policy without damage: IMF

HANOI, Mar 23, 2010 (LBO) - Sri Lanka was among the countries that ran counter-cyclical monetary policy in 2009 without damaging fallouts but low income Asian …

Sri Lanka invites investors for township development

Mar 23, 2010 (LBO) - Development of townships around Sri Lanka's capital Colombo offers investors a range of investment opportunities to build infrastructure …

Sri Lanka’s main opposition touts new policies

Mar 23, 2010 (LBO) – Sri Lanka's right wing United National Party (UNP) promises socialist style intervention to fix economic problems by clamping down …

Sri Lankan stocks close 0.33-pct down

Mar 23, 2010 (LBO) - Sri Lankan shares closed down Tuesday as retail investors continued to stay on the sidelines, while private deal on John Keells Holdings …

Sri Lankan stocks becalmed

Mar 22, 2010 (LBO) - Sri Lankan stocks closed barely changed Monday and trading was lower than that of recent days as retail investors bought into conglomerate …

IMF Vietnam forum debates post-crisis way forward for developing Asia

HANOI, Mar 22, 2010 (LBO) - Government officials, international financial institutions and policy researchers are discussing developing Asia's response to the …

Vietnam lauds role of policy advice, international support, in recovery

Hanoi, Mar 22, 2010 (LBO) - International support and policy advice on macro-economic management has helped Vietnam recover from a slowdown in 2009 and the …

Sri Lanka expects more support from multilateral lenders: Treasury chief

HANOI, Mar 22, 2010 (LBO) - Sri Lanka is looking for more flexibility and backing from multilateral lenders as the country emerges from a war and a global …

Sri Lankan shares close 0.27-pct down on retail selling

Mar 19, 2010 (LBO) - Sri Lankan shares closed down Friday as investors took profits from selected midcap stocks, while Sunshine Holdings, John Keells Hotels …

Sri Lanka sells US$93mn in dollar bonds

Mar 19, 2010 (LBO) - Sri Lanka has raised 92 million US dollars by selling two and three year dollar denominated bonds at rates slightly lower than the …

Sri Lanka calls investments for capital city urban development

Mar 18, 2010 (LBO) - Sri Lanka is inviting investments for a high-rise complex proposed for prime land in the congested city that will be cleared of slums as …

Sri Lanka shares close 0.35-pct down, more deals in Lighthouse

Mar 18, 2010 (LB0) - Sri Lankan shares closed down Thursday as investors continued taking profits ahead of elections, while there was more heavy trading in The …

Sri Lanka policy rates frozen amid rising inflation, excess liquidity

Mar 18, 2010 (LBO) - Sri Lanka held policy rates frozen in March as inflation accelerated, central bank financing of the budget deficit increased to new highs …

Sri Lankan stocks close 0.45-pct down on retail profit taking

Mar 17, 2010 (LBO) - Sri Lankan shares closed lower almost across the board Wednesday as retail investors took profits, while a large deal on Lighthouse Hotel …