Economy & Markets

Sri Lanka overall budget deficit nears 10.3-pct of GDP in 2009

Mar 02, 2010 (LBO) - Sri Lanka's budget deficit for 2009 has exceeded 10.2 percent of gross domestic product (GDP), with a planned 7.0 percent deficit derailed …

Sri Lanka plans 8-pct budget deficit for 2010: fiscal report

Mar 02, 2010 (LBO) - Sri Lanka is planning a budget with a deficit of about eight percent of gross domestic product for 2010, a finance ministry report said, …

Sri Lanka aid donors urged not to give ‘blank cheque’

March 01, 2010 (LBO) - Sri Lanka should not be given a "blank cheque" to revive its war-torn economy unless the political problem that generated the conflict …

Sri Lanka shares close 0.46-pct higher

Mar 01, 2010 (LBO) - Sri Lankan stocks closed up Monday as investors bought selected midcap and high value shares, brokers said. JKH closed at 168.75 rupees, …

Sri Lanka saltern seeks listing: report

Feb 28, 2010 (LBO) - A Sri Lankan saltern is planning to raise 200 million rupees from a public offering of equity to expand its capacity and build a new salt …

IMF backs Sri Lanka central bank stance

Feb 26, 2010 (LBO) - The International Monetary Fund, which put a deal with Sri Lanka on the shelf till at least May on a runaway budget, has backed the …

Sri Lanka inflation gathers speed to 6.9-pct in Feb

Feb 26, 2010 (LBO) - Inflation in Sri Lanka's capital Colombo accelerated to 6. online pharmacy buy estrace with best prices today in the USA buy estrace …

Sri Lanka stocks close 0.68-pct up

Feb 26, 2010 (LBO) - Sri Lankan shares closed slightly higher Friday and passed 3,800 points as investors continued to bet on mid cap stocks, mainly financial …

Sri Lanka shares becalmed

Feb 25, 2010 (LBO) - Sri Lankan shares closed almost flat Thursday as many investors chose to hold and not trade with parliamentary elections due in April, …

Sri Lanka IMF loan tranche held back on runaway budget

Feb 25, 2010 (LBO) - The International Monetary Fund (IMF) has held back the third tranche of a 2. buy clomiphene online …

Sri Lanka short-end Treasuries edge up

Feb 24, 2010 (LBO) - Sri Lanka's three, six and 12 month Treasury bill yields edged up at Wednesday's auction, the government's debt office said. This was …

Sri Lanka to keep limit on foreign owned rupee debt for now

Feb 24, 2010 (LBO) - Sri Lanka will hold a 10 percent limit of foreign holdings of rupee Treasuries for the time being, Central Bank Governor Nivard Cabraal …

Sri Lankan stocks close 0.14-pct higher

Feb 24, 2010 (LBO) - Sri Lankan shares edged up Wednesday, boosted by renewed buying interest on plantation, construction and insurance stocks, brokers said. …

Sri Lanka watching inflation: CB Governor

Feb 23, 2010 (LBO) - Sri Lanka is concerned about inflation but is expecting pressure on the monetary system to ease after April following the island's …

Sri Lankan shares close flat

Feb 23, 2010 (LBO) - Sri Lankan shares closed flat Tuesday as investors took profits in afternoon trade, while heavy buying interest on selected insurance …

World Bank, Shakira join forces to aid young children

WASHINGTON, February 22, 2010 (AFP) - The World Bank and Grammy Award-winning singer Shakira teamed up Monday in a 300-million-dollar joint initiative aimed at …

Sri Lanka urged to be more transparent in business

Feb 23, 2010 (LBO) - The top US diplomat in Sri Lanka said the country should address the issue of greater transparency in business dealings to build investor …

Sri Lanka business loans grows in December: data

Feb 22, 2010 (LBO) - Sri Lanka's loans from commercial banks to private businesses expanded in December 2009 continuing a credit recovery that started in …

Sri Lankan stocks up 0.13-pct, plantation shares gain

Feb 22, 2010 (LBO) - Sri Lankan stocks closed marginally higher Monday as investors took profit from high valued stocks and reinvested on strategic midcap …

Sri Lanka needs more business freedom, says top entrepreneur

Feb 22, 2010 (LBO) - People who are quick witted can develop business opportunities in Sri Lanka by challenging state or private controls and by busting …