Economy & Markets

Sri Lankan shares close flat

Nov 23, 2009 (LBO) - Sri Lankan stocks closed flat Monday as investors remained cautious and trading sluggish, while selected high value counters made small …

Sri Lanka resettlement plan needed: politicians, activists

November 22, 2009 (AFP) - The Sri Lankan government has failed to make adequate welfare provision for the 136,000 Tamil civilians it plans to release from …

Sri Lanka inflation seen subdued: IMF

Nov 20, 2009 (LBO) - Visiting International Monetary Fund officials said Sri Lanka's inflation is seen staying low with no sign of demand-driven inflationary …

Sri Lankan stocks close down 0.93-pct

Nov 20, 2009 (LBO) - Sri Lankan shares closed down Friday as retail investors continued to take defensive positions after speculation of tainted fund manager, …

Sri Lankan stocks close down 0.34-pct

Nov 19, 2009 (LBO) - Sri Lankan shares closed down Thursday, on news billionaire fund manager Raj Rajaratnam was selling part of his stocks, while retail …

Sri Lanka private equity fund upbeat on MBOs, retailing

Nov 19, 2009 (LBO) - A new private equity fund targeting Sri Lanka will focus on supporting management buyouts, and is upbeat on opportunities in retailing, …

Sri Lankan stocks close down 0.41-pct

Nov 19, 2009 (LBO) - Sri Lankan shares closed down Wednesday as retail investors were seen unloading mid capped stocks due to selling pressure, brokers said. …

Sri Lanka cuts rates, narrows policy corridor

Nov 18, 2009 (LBO) - Sri Lanka's Central Bank has cut its main policy rate that injects liquidity into the banking system by 75 basis points to 9.75 percent …

Sri Lanka bill yields fall after rate cut

Nov 18, 2009 (LBO) - Sri Lanka Treasury bill yields fell across the board following a 50 basis point rate cut earlier in the day, and with the 3-month yield …

Sri Lanka stocks barely changed

Nov 17, 2009 (LBO) - Sri Lankan shares ended barely changed Tuesday with trading boosted by off-the floor deals in Commercial Bank and in the overall market …

IMF sells two tonnes of gold to Mauritius

WASHINGTON, November 17, 2009 (AFP) - The International Monetary Fund announced Monday it has sold two tonnes of gold to the central bank of the Indian Ocean …

Sri Lanka rupee opens stronger

Nov 17, 2009 (LBO) - Sri Lanka's rupee opened stronger against the US dollar with a state bank that usually acts for the monetary authority buying at 114. …

Sri Lanka issues new commemorative note

Nov 17, 2009 (LBO) - Sri Lanka has issued a commemorative note featuring President Mahinda Rajapaksa, key turning points in a military victory over Tamil Tiger …

Sri Lankan stocks close flat; rupee up

Nov 16, 2009 (LBO) - Sri Lanka stocks closed flat Monday as investors on the back foot awaiting political developments, while the rupee strengthened against …

Sri Lanka state revenues up in September, but may miss revised targets

Nov 16, 2009 (LBO) - Sri Lanka's state revenues rebounded to 522.0 billion rupees in September 2009 up 12. online pharmacy buy strattera with best prices today …

Sri Lanka First Capital profits soar on bond gains

Nov 16, 2009 (LBO) - Sri Lanka's First Capital Holdings said profits in the September 2009 quarter soared over ten times to 168. online pharmacy buy abilify …

Sri Lanka lures central Indian investors

Nov 15, 2009 (LBO) - Firms from the central Indian state of Madhya Pradesh have showed interest in investing in Sri Lanka and called for direct flights between …

Sri Lanka’s African families fade away

SIRAMBIADIYA, November 15, 2009 (AFP) - In a village deep in west Sri Lanka, one of the island's few remaining communities of African descent breaks into song …

Gold to be ‘important anchor’ for Sri Lanka foreign reserves: CB Governor

Nov 14, 2009 (LBO) - Sri Lanka's central bank, which maintains a soft peg with the US dollar, said gold would be an 'important anchor' for its foreign …

Sri Lanka stocks end up 1.77-pct

Nov 13, 2009 (LBO) - Sri Lankan shares ended firmer Friday with investors encouraged by the latest crop of quarterly company earnings although trading volumes …