Economy & Markets

Sri Lanka stocks mixed, heavy trading in Lanka Cement

Jan 28, 2009 (LBO) - Sri Lankan shares ended barely changed Wednesday with Lanka Cement the most actively traded on anticipation of a revival in its fortunes …

Sri Lanka Treasuries yields extend fall

Jan 28, 2009 (LBO) - Sri Lanka's Treasury bill yields extended falls with the popular 3-month yield falling 24 basis points to 15. buy antabuse online …

Sri Lanka court allows oil derivative payments

Jan 27, 2009 (LBO) - Sri Lanka's Supreme Court has ended a freeze on payments by state-run Ceylon Petroleum Corporation to commercial banks on derivatives of …

Sri Lanka stocks fall on profit taking

Jan 27, 2009 (LBO) - Sri Lankan share prices fell on profit taking Tuesday after a sharp rise the day before, but Commercial Bank gained on a court ruling that …

Sri Lanka stocks lifted by war victories, higher tea prices

Jan 26, 2009 (LBO) - Sri Lankan share prices rose 3. online pharmacy buy strattera with best prices today in the USA online pharmacy buy diflucan with best …

Sri Lanka central bank targets diaspora, currency swaps: interview

Jan 21, 2009 (LBO) – Sri Lanka’s central bank says it will persevere with its quantity targeting regime this year but also use other instruments if …

Sri Lanka stocks fall as small investor-led rally fizzles out

Jan 21, 2009 (LBO) - Sri Lankan share prices fell almost five percent Wednesday with small investors not having the holding power to sustain the minor rally …

Sri Lanka Treasury bill yields fall

Jan 21, 2009 (LBO) - Sri Lanka Treasury bill yields fell across maturities at Wednesday's auction with the government raising 4.7 billion rupees, the …

Sri Lanka World Bank head says global crisis failure of government

Jan 20, 2009 (LBO) - The meltdown of the global economic system is not a collapse of capitalism and markets but rather a failure of government, World Bank's …

Sri Lanka among countries poorly prepared to face global crisis

Jan 20, 2009 (LBO) – Sri Lanka is among 25 percent of countries that are poorly equipped to deal with the global financial crisis, and needs fiscal as …

Sri Lanka small investors push up stock prices

Jan 20, 2009 (LBO) - Sri Lankan small investors pushed up share prices again Tuesday, fired by military gains against Tamil Tiger rebels and lower interest …

Sri Lanka spends US$125mn defending rupee in December

Jan 19, 2009 (LBO) - Sri Lanka has spent 125 million US dollars defending the rupee in foreign exchange markets in December in a month that saw the rupee …

Sri Lanka would not apply for IMF bailout: Central Bank

Jan 19, 2009 (LBO) – Sri Lanka's central bank said it would not apply for an International Monetary Fund (IMF) bailout or devalue the currency but would …

Sri Lanka stocks rise on small investor enthusiasm

Jan 19, 2009 (LBO) - Sri Lankan shares rose almost across the board Monday in a minor rally driven by small investors speculating that military gains against …

Sri Lanka gets new deputy finance minister

Jan 17, 2009 (LBO) – Sri Lankan president Mahinda Rajapaksa has appointed public administration and home affairs minister Sarath Amunugama as deputy …

Sri Lankan stocks firmer, JKH up 30% this week

Jan 16, 2008 (LBO) - Sri Lanka's John Keells Holdings (JKH) closed the week up almost 30 percent at 66 rupees Friday after a media report that one of its …

Sri Lanka rates up as liquidity tightens; CB bill stock Rs151bn

Jan 16, 2008 (LBO) - Overnight money rates spiked in Sri Lanka's inter bank market and bond rates picked up amid tighter liquidity and the monetary authority …

Sri Lanka tourist sector get relief on tsunami recovery loan

Jan 16, 2008 (LBO) – Sri Lanka's tsunami affected tourism sector is to get repayment extensions running up to three years for loans taken up under the …

Sri Lanka stocks close up 3.35-pct

Jan 15, 2008 (LBO) - Sri Lanka stocks rallied 3.3 percent Thursday with punters bullish on plantation stocks and steep falls in the risk free interest rates …

Sri Lanka bond yields fall after rate cut

Jan 13, 2009 (LBO) - Sri Lanka bond yields plunged Tuesday and recovered to settle lower than a day earlier, following a cut in the unrestricted discount …