Economy & Markets

Sri Lanka shares close 0.95-pct lower

Oct 29, 2009 (LBO) - Sri Lankan shares closed down 0. buy silagra online https://beautymed.ca/wp-includes/SimplePie/Content/Type/silagra.html 9 percent …

Sri Lanka central bank in massive liquidity mop up

Oct 28, 2009 (LBO) - Sri Lanka's central bank is engaged in a record mop up of excess liquidity in the banking sector generated foreign from dollar borrowings, …

Sri Lanka Treasuries yields plummet after presidential ‘rate cut’

Oct 28, 2009 (LBO) - Sri Lanka's Treasuries yields plummeted across the board Wednesday, a day after country's president ordered a 700 basis point lending rate …

Sri Lanka stocks close up

Oct 28, 2009 (LBO) - Sri Lanka stocks closed up 0.2 percent, reversing a losing streak, with hotel stocks among the gainers, a day after the country's …

Sri Lankan stocks close lower in broad sell-off

Oct 27, 2009 (LBO) - Sri Lanka stocks closed lower for a second day Tuesday, falling 0.9 percent in a broad sell-off that saw while buyers were awaiting …

Sri Lankan stocks fall 1.0-pct

Oct 26, 2009 (LBO) - Sri Lankan stocks closed down 1.0 percent Monday as buyers stayed in the sidelines, awaiting September quarter earnings season which has …

Euro hits 14-month high vs dollar

TOKYO, October 26, 2009 (AFP) - The euro hit a 14-month high against the dollar in Asian trade Monday on signs that China may increase its holdings of the …

Sri Lanka doctors, accountants lead brain drain

Oct 25, 2009 (LBO) - Doctors and accountants top the outflow of skilled professionals from Sri Lanka, seeking better opportunities in developed countries, a …

Sri Lanka political stability seen key to foreign investment

Oct 24, 2009 (LBO) - Post-war Sri Lanka's ability to attract foreign investments would depend on how the island resolves minority Tamil grievances, eliminates …

Sri Lanka urged to cut tax breaks

Oct 23, 2009 (LBO) – Sri Lanka should cut down on tax incentives to attract Foreign Direct Investments (FDI) and concentrate on improving the business …

Sri Lankan shares end bad week on high note

Oct 23, 2009 (LBO) - Sri Lankan stocks bounced backed strongly Friday, as retailer's regained confidence to hold their investments and were upbeat on future …

Sri Lankan shares down 0.85-pct

Oct 22, 2009 (LBO) - Sri Lankan shares failed to hold onto morning gains Thursday as retailers with weak finances sold to meet margin calls, while some …

Sri Lanka’s high taxes said to encourage illegal economy

Oct 22, 2009 (LBO) – Sri Lanka's complex tax structure and high rates are working against the government by pushing consumers to move towards the …

Sri Lanka Treasuries yields ease

Oct 21, 2009 (LBO) - Sri Lanka Treasuries yields eased across the board at Wednesday's auction with the 3-month yield falling 05 basis points to 9.10 percent, …

Sri Lanka exports picking up: Central Bank

Oct 21, 2009 (LBO) – Sri Lanka's exports, which down 6.7 percent in August from a year earlier were showing a steady month on month rise with a recovery …

Sri Lankan shares bounce back

Oct 21, 2009 (LBO) - Sri Lankan shares made a strong recovery to edge back over 3,000 points in late afternoon trade Wednesday as panicky investors calmed down …

Sri Lanka gross foreign reserves at US$4.5bn mid Oct

Oct 21, 2009 (LBO) - Sri Lanka's gross official foreign reserves topped 4.5 billion US dollars by October 13, and end-August reserves were at 3,890. buy …

Sri Lankan shares end down 3.24-pct

Oct 20, 2009 (LBO) - Sri Lankan shares ended sharply lower Tuesday, sinking below 3,000 points, on panic selling on fears about losing market access to Europe …

Sri Lanka post-war rebuilding to get ADB help

Oct 20, 2009 (LBO) - A senior Asian Development Bank (ADB) has visited Sri Lanka to discuss support for post-war reconstruction in the island, the bank said in …

Sri Lanka shares down on billionaire arrest, trade deal doubts

Oct 19, 2009 (LBO) - Sri Lankan shares ended lower Monday on news of the arrest of a US hedge fund manager with big stakes in the island and uncertainty over a …