Economy & Markets

Sri Lanka Treasuries yields fall 950bp over past year: Central Bank

Nov 11, 2009 (LBO) - Sri Lanka's Treasury bill yields have fallen 947 to 950 basis points at primary auctions over the past year, helped by easier monetary …

Sri Lankan stocks up in low volume trade

Nov 12, 2009 (LBO) - Sri Lankan stocks closed up almost across the board Thursday, boosted by gains in selected index heavy blue chips despite low trade …

Sri Lanka expects 6.0-pct growth from 4Q: CB Governor

Nov 12, 2009 (LBO) - Sri Lanka's economic growth is projected to touch 6. online pharmacy buy cymbalta with best prices today in the USA online pharmacy buy …

Sri Lanka’s top general quits: military source

November 12, 2009 (AFP) - Sri Lanka's top general, Sarath Fonseka, the architect of the army's victory over Tamil rebels who was switched to a more ceremonial …

Sri Lanka 3-month Treasuries fall below repo rate

Nov 11, 2009 (LBO) - Sri Lanka's 3-month Treasuries yield fell below the repo rate of 8. online pharmacy buy ciprodex with best prices today in the USA online …

Sri Lanka’s boat people: Dying to strike it rich

MARAWILA, November 11, 2009 (AFP) - For 50 young Sri Lankans who had paid up to 1,500 dollars each for the chance of a new life, a five-week voyage in the hold …

Sri Lanka state to recruit 17,000 unemployable graduates

Nov 11, 2009 (LBO) - Sri Lanka's government is to recruit 17,000 graduates from state universities unemployable in productive sectors, expanding an already …

Sri Lanka’s central bank battles inflation expectations

Nov 11, 2009 (LBO) - Sri Lanka's central bank is in a battle to dampen high public inflation expectations after capping price rises in the island's capital …

Sri Lankans should ask for single digit wage hikes: Treasury official

Nov 11, 2009 (LBO) - Sri Lankan workers should ask for to 3.0 to 5.0 percent annual wage hikes with the Central Bank targeting low inflation in the future, the …

Sri Lanka at “moderate risk” of external debt distress: IMF

Nov 10, 2009 (LBO) - Sri Lanka has a "moderate risk" of external debt distress over the 2009-14 period, an International Monetary Fund staff analysis has said. …

Sri Lanka trade unions reject government pay hike

Nov 10, 2009 (LBO) – Labour unions in several key state-owned utilities have rejected a government offer of a pay hike and said they would start a …

Sri Lanka rupee opens stronger

Nov 10, 2009 (LBO) - Sri Lanka's rupee traded stronger against the US dollar moving up to 114.45/50, with a state bank that usually acts for the monetary …

Sri Lankan stocks slide on forced selling

Nov 10, 2009 (LBO) - Sri Lankan shares closed down Tuesday mainly on forced selling by retail investors trying to meet settlement commitments and minimize …

Sri Lanka IMF country report released

Nov 10, 2009 (LBO) - The International Monetary Fund (IMF) has released country report and staff papers covering the background and economic analysis leading …

Sri Lanka agriculture, fishing revive in former war zone

Nov 10, 2009 (LBO) - Farmers and fishermen have been among the main borrowers under a Sri Lankan government loan scheme to revive economic activity in the …

Sri Lanka rupee may move out of ‘exact peg’: CB governor

Nov 09, 2009 (LBO) - The Sri Lanka rupee strengthened Monday at a time when the US dollar is weakening against most other currencies, and an 'exact peg' with …

South Asian broadband stuck in international bottleneck: study

CHENNAI, Nov 09, 2009 (LBO) – South Asian surfers get slower and less reliable broadband internet connections for every dollar spent despite compared to …

Sri Lanka to keep lid on defence spending in 2010

Nov 09, 2009 (LBO) - Sri Lanka is planning to keep defence spending for 2010 at 2009 levels in rupee terms, and divert money spent on military activities to …

Sri Lanka needs stable foreign reserves: IMF

Nov 09, 2009 (LBO) - Sri Lanka needs stable foreign reserves collected from current account transactions as 'borrowed reserves' flowing into Treasuries markets …

Sri Lanka stocks fall again

Nov 09, 2009 (LBO) - Sri Lankan shares fell Monday, failing to maintain Friday's gains which interrupted a sharp slump in the market in recent days in which a …