Economy & Markets

Australia intercepts boat with 73 Sri Lankans: report

July 12, 2009 (LBO) - Australia has intercepted a boat with 73 Sri Lankan asylum seekers who have now been transferred to a detention centre in Christmas …

Sri Lanka school dropouts doing great service to nation: minister

July 11, 2009 (LBO) - Dropouts from Sri Lanka's education system are doing a greater service to the nation than those who have had a free education from the …

Sri Lanka shares break slide

July 10, 2009 (LBO) - Sri Lankan shares ended slightly firmer Friday, ending eight consecutive trading days of losses, with local investors said to be …

Sri Lanka says US assured no blocking of IMF loan

July 9, 2009 (LBO) - Sri Lanka has received an assurance from a US diplomat that its application for a loan from the International Monetary Fund (IMF)) would …

Sri Lankan stocks down 1.34-pct

July 09, 2009 (LBO) - Sri Lankan shares continued to slide Thursday as retail investors, key drivers of the market in the last six weeks, were forced to sell, …

Sri Lanka foreign aid pipeline narrows

July 8, 2009 (LBO) - Sri Lanka's foreign aid pipeline from Western nations showed signs of narrowing amid deteriorating relations, though draw downs of …

Sri Lankan stocks down 0.73-pct

July 08, 2009 (LBO) - Sri Lankan shares fell for the seventh straight trading day Wednesday as investors took defensive positions, while some of the plantation …

Sri Lanka state revenues down 9.6-pct, deficit up in first 4-months

July 8, 2009 (LBO) - Sri Lanka state revenues fell 9. online pharmacy buy diflucan with best prices today in the USA buy flexeril online …

Sri Lankan shares slide for sixth straight day

July 07, 2009 (LBO) - Sri Lankan stocks continued to tumble for the sixth straight trading day Tuesday as investors stayed on the sidelines waiting for the …

Sri Lanka stocks favourite of investor Jim Rogers: report

July 7, 2009 (LBO) - Head of Rogers Holdings, Jim Rogers will only buy Sri Lankan stocks and he is getting out of dollar assets because the Federal Reserve is …

India offers US$100mn for Sri Lankan Tamils

NEW DELHI, July 6, 2009 (AFP) - India on Monday offered 100 million dollars for the tens of thousands of Tamil civilians displaced by conflict in Sri Lanka. …

Sri Lanka’s need for IMF wanes: Central Bank

July 4, 2009 (AFP) - Sri Lanka's central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final …

Sri Lanka buys 450 million US dollars since float

July 4, 2009 (LBO) - Sri Lanka's central bank has bought 290 million US dollars from forex markets in June to boost its foreign reserves, bringing the total …

Zimbabwe recovering under central bank competition; no inflation: IMF

July 3, 2009 (LBO) - Zimbabwe is starting to recover within months of the money monopoly of the Reserve Bank of Zimbabwe being broken, which allowed foreign …

Sri Lankan stocks down 2.13-pct during week

July 03, 2009 (LBO) - Sri Lankan shares fell Friday for the fifth straight day as small investors took profits mainly on blue chip counters, while high net …

Sri Lanka IMF loan depends on Executive Board: official

July 3, 2009 (LBO) - The award of a stand by loan for Sri Lanka by the International Monetary Fund (IMF) is awaiting approval of its executive board, which is …

Sri Lankan stocks down 0.41-pct on profit taking

July 02, 2009 (LBO) - Sri Lankan shares continued to slide for the fourth straight day as retail investors carried on taking profits, while high net worth and …

Sri Lanka upgrades growth to 3.5-4.5-pct

July 1, 2009 (LBO) - Sri Lanka's economy is forecast grow at a faster 3.5 to 4.5 percent in 2009, up from the 2.online pharmacy …

Sri Lankan stocks down 0.6-pct on profit taking

July 01, 2009 (LBO) - Sri Lankan shares closed down 0.6 percent Wednesday, as retailers took profit, while institutional, high net worth and foreign investors …

Sri Lanka says stand by loan a test of IMF objectivity

July 1, 2009 (LBO) - A decision on a loan from the International Monetary Fund (IMF) for Sri Lanka expected in "four or five weeks" will be a test of the …