Economy & Markets

Sri Lanka former war zone seen as economic catalyst

Feb 22, 2010 (LBO) - The revival of Sri Lanka's northern and eastern provinces can position them as economic catalysts for the country in the long term, its …

Sri Lanka to stop value added tax refunds to 1700 firms: report

Feb 21, 2010 (LBO) - Sri Lanka's revenue office will stop refunding value added taxes (VAT) to 1725 firms on the grounds that they have not submitted documents …

Fed hikes rate on discount window amid easing financial crisis

WASHINGTON, February 18, 2010 (AFP) - The US Federal Reserve said Thursday it was increasing the interest rate it charged on emergency loans to banks in a move …

Sri Lankan stocks close 0.97-pct higher

Feb 19, 2010 (LBO) - Sri Lankan stocks closed up Friday as investors bought high value shares, while a private deal on trading company C W Mackie boosted …

Sri Lanka shares becalmed

Feb 18, 2010 (LBO) - Sri Lankan shares closed virtually stagnant Thursday with trading in a speculative stock boosting turnover and some interest in property …

Sri Lanka draws Chinese investors

Feb 17, 2010 (LBO) – A Chinese economic delegation from its Yunnan province is visiting Sri Lanka to study the economic and investment climate in Sri …

Sri Lankan stocks close 0.81-pct up

Feb 17, 2010 (LBO) - Sri Lankan stocks recovered Wednesday on gains in the prices of shares with a heavy weighting on the indices like Distilleries, Sampath …

Sri Lanka policy rates frozen amid debt monetization, inflation

Feb 16, 2010 (LBO) - Sri Lanka has held policy rates steady in February as inflation accelerated, the budget deficit expanded and excess bank reserves were …

Sri Lanka foreign reserves lower at US$5.0bn in December

Feb 16, 2010 (LBO) - Sri Lanka foreign reserves eased to 5,067 million US dollars in December 2009, from 5,228 million US dollar in November which was equal to …

Sri Lanka stocks 0.71-pct down

Feb 16, 2010 (LBO) - Sri Lankan stocks closed lower Tuesday dragged down by the fall in prices of shares which had rallied on speculation, while selected blue …

Sri Lanka budget deficit hit 8.5-pct of GDP for 10-months

Feb 15, 2010 (LBO) - Sri Lanka's budget deficit has hit an estimated 8.5 percent of gross domestic product (GDP) in the first ten months of the year, despite a …

EU to cut Sri Lanka trade benefits over rights

BRUSSELS, February 15, 2010 (AFP) - European Union nations decided Monday to withdraw preferential trade benefits from Sri Lanka due to "significant …

Sri Lankan shares close 0.2-pct higher

Feb 15, 2010 (LBO) - Sri Lankan stocks closed up 0. online pharmacy buy spiriva inhaler with best prices today in the USA 2 percent Monday but an index of …

Sri Lanka eyes 10-year sovereign bond

Feb 13, 2010 (LBO) - Sri Lanka is eyeing a 10-year 500 million US dollar sovereign bond after May 2010 when funding needs becomes clear after a budget is …

Sri Lanka stocks end down 0.40-pct

Feb 12, 2010 (LBO) - Sri Lankan shares ended weaker Friday, dragged down by more profit taking following the recent rally and the fall in the prices of shares …

Sri Lanka stocks end down 1.31-pct

Feb 11, 2010 (LBO) - Sri Lankan shares ended sharply lower Thursday, dragged down by profit taking and the fall in prices of stocks with a heavy weighting in …

Sri Lanka IMF program to depend on budget: resident rep

Feb 11, 2010 (LBO) - The International Monetary Fund is looking at the direction of fiscal reforms to be set by a budget in April to continue its program in …

Sri Lanka 3-month bill yield up

Feb 10, 2010 (LBO) - Sri Lanka's 3-month Treasury bill yield moved up 08 basis points to 8. buy rotacaps online …

Sri Lanka rupee weakens amid ‘quantity easing’

Feb 10, 2010 (LBO) - Sri Lanka's central bank has become a net seller in foreign exchange markets as monetization of the government's cash deficit has …

Sri Lankan shares close 0.29-pct down

Feb 10, 2010 (LBO) - Sri Lankan shares slid Wednesday as foreign investors continued to take profits after a rally that drove prices to new highs while …