Economy & Markets

Sri Lanka pioneer closed-end fund raises Rs1.0bn

Sep 16, 2009 (LBO) - Sri Lanka's first listed closed-ended fund, NAMAL Acuity Fund had been oversubscribed on the opening day and managers said an option to …

Sri Lankan stocks down 0.85-pct on profit taking

Sep 15, 2009 (LBO) - A rally in Sri Lanka share prices that lifted them to a 30-month high skidded to a halt Tuesday as retail investors took profits from an …

Sri Lankan 2009-end inflation to be 6.0-pct: Statistics office

Sept 15, 2009 (LBO) - Sri Lanka's year-end consumer inflation measured by a revised Colombo Consumer Price Index is estimated to be 6. online pharmacy buy …

Sri Lanka state revenues reach last year’s level in August: Treasury official

Sept 15, 2009 (LBO) - Sri Lanka's state revenues for August had reached last year's level in line with a recovery in import trade and domestic economic …

Sri Lanka foreign reserves top US$4.0bn

Sept 15, 2009 (LBO) - Sri Lanka's gross foreign reserves have topped 4.0 billion US dollars on September 10, the highest in the island's history, the Central …

Sri Lanka sells US41mn 3-year bonds

Sept 14, 2009 (LBO) - Sri Lanka has sold 41 million US dollars of 3-year dollar denominated bonds rolling over 35 million US dollars of maturing 2-year debt, …

Sri Lanka economic bubble triggered by financial repression for deficits: economist

Sept 14, 2009 (LBO) - Severe financial repression and money printing to finance post-2004 deficits triggered a housing and credit bubble and drove savers to …

Sri Lanka GDP expands 2.1-pct in second quarter

Sept 14, 2009 (LBO) - Sri Lanka's economy expanded 2. online pharmacy buy abilify with best prices today in the USA buy doxycycline online …

Sri Lanka shares hit new high, seen over-valued

Sep 14, 2009 (LBO) - Sri Lankan shares hit a 30-month high Monday as bullish investor's placed bets on financial and healthcare sector stocks, brokers said. …

Sri Lanka losing to Africa due to ‘political market failure’: economist

Sep 12, 2009 (LBO) - Sri Lanka's tendency to follow policies that hurt the average voter and makes the country lag behind other countries is due to 'political …

Sri Lanka gets US$75mn World Bank credit for villages

Sept 11, 2009 (LBO) - The World Bank has approved a 75 million US dollar credit for village infrastructure development in Sri Lanka to expand its 'Gemi Diriya' …

Sri Lanka to bond deal draw top investment banks

Sept 11, 2009 (LBO) - Sri Lanka is getting closer to choosing managers for a 500 million US dollar bond with top names in the international investment banking …

Sri Lanka Central Bank cuts policy interest rates by 50bp

Sept 11, 2009 (LBO) - Sri Lanka's Central Bank said it had decided to reduce policy interest rates by 50 basis points each from Friday with the repurchase rate …

Sri Lankan shares up 8.0-pct during week

Sep 11, 2009 (LBO) - Sri Lankan shares closed up Friday as retailers remained bullish and bet on stocks almost across the board, while high-net-worth investors …

Sri Lanka to issue US$50mn dollar bonds to local market

Sep 10, 2009 (LBO) - Sri Lanka is selling 3-year bonds for 50 million US dollars in the local market to qualified investors who can hold dollar assets, the …

Sri Lanka first sovereign bond trades above par: official

Sept 10, 2009 (LBO) - Sri Lanka's first sovereign bond which has a coupon above 8.25 percent has started to trade above par in recovering from steep discounts …

Sri Lanka investors take profit after hotel share rally

Sept 10, 2009 (LBO) - Sri Lankan stocks ended marginally up Thursday as investors took profits on a hotel share rally but trading volumes remained above a …

Gold higher, the best bet in uncertain times

PARIS, September 9, 2009 (AFP) - Gold is back in favour, hitting 18-month highs above 1,000 dollars as investors hedge their bets on the dollar in a global …

Sri Lankan shares hit new 28 month high, up 84.9% in 2009

Sept 09, 2009 (LBO) - Sri Lankan shares closed up 2.3 percent Wednesday hitting a new 28-month high as retail investors pushed up the market, though …

Sri Lanka Treasuries yields flat

Sept 09, 2009 (LBO) - Yields of Sri Lanka government bonds remained flat at Wednesday's auction with only 8. online pharmacy buy clomiphene with best prices …