Economy & Markets

Sri Lanka spends a billion dollars on interventions

Dec 23, 2008 (LBO) - Sri Lanka has spent 266 million US dollars intervening in foreign exchange markets in November, taking the total over the past three …

Sri Lanka shares down, trading dries up

Dec 23, 2008 (LBO) - Sri Lankan shares continued to weaken Tuesday with trading volumes staying near six-year lows and Ceylinco group firms showed mixed …

Sri Lanka rupee dips to 112.80/90 against greenback

Dec 23, 2008 (LBO) - Sri Lanka rupee weakened towards 112.80/90 against the US dollar, with state banks on the buying side, dealers said Tuesday, as inter bank …

Sri Lanka shares down, Ceylinco group firms weaken but Seylan up

Dec 22, 2008 (LBO) - Sri Lankan shares fell Monday with trading volumes sinking to near six-year lows and most Ceylinco companies weakening after a report …

Sri Lanka looking for alternative foreign financing: Central Bank

De 19, 2008 (LBO) - Sri Lanka is looking for alternative sources of foreign funding, the central bank said, as global financial markets remained in turmoil and …

Sri Lanka shares mixed, selling pressure on JKH

Dec 19, 2008 (LBO) - Sri Lankan shares ended barely changed Friday with selling pressure continuing in John Keells Holdings which was the most actively traded …

Sri Lanka inflation falling faster than expected: Central Bank

Dec 19, 2008 (LBO) – Sri Lanka's inflation is falling faster than expected, the Central Bank said, as a global collapse in commodities washed into the …

Developed countries urged not to curb migrant workers

Dec 18, 2008 (LBO) – Developed countries should not shut out migrant workers at times of economic crisis as they still face labour shortages and workers …

Sri Lanka shares becalmed, JKH weakens

Dec 18, 2008 (LBO) - Sri Lankan shares barely moved Thursday, with John Keells Holdings falling 3.buy clomiphene online buy clomiphene online no prescription …

Sri Lanka growth expected to slow in last quarter

Dec 17, 2008 (LBO) – Sri Lanka's economic expansion is likely to slow in the last quarter as an external slowdown hits demand for its products, resulting …

Fed cut rates to near zero; desperate efforts to bring inflation back

WASHINGTON, December 17, 2008 (AFP) - The Federal Reserve used up its ammunition on monetary policy Tuesday by slashing its base lending rate to virtually zero …

Sri Lanka shares barely changed

Dec 17, 2008 (LBO) - Sri Lankan shares were barely changed Wednesday, with the indices marginally firmer and almost half the trading volumes coming from …

Sri Lanka share trading pumped up by JKH, Distilleries

Dec 16, 2008 (LBO) - Sri Lankan share trading picked up Tuesday with sizeable transactions in conglomerates John Keells Holdings and Distilleries pumping up …

Sri Lanka rupee edges lower amid collapsing oil bill

Dec 16, 2008 (LBO) - The Sri Lanka rupee eased towards 111.90/112.05 against the US dollar, dealers said, with the central bank showing signs of easing off on …

Sri Lanka economy expands 6.3 pct in third quarter: statistics office

Dec 16, 2008 (LBO) – Sri Lanka's economy expanded 6.3 percent in the third quarter of 2008 over the same quarter the previous year, and against 7.0 in …

Sri Lanka shares slide on low volumes

Dec 15, 2008 (LBO) - Sri Lankan shares fell 2. online pharmacy buy spiriva inhaler with best prices today in the USA 17 percent Monday with a single …

Sri Lanka rupee pressured as IMF praises Hong Kong currency board

Dec 15, 2008 (LBO) – The International Monetary Fund has praised the robust 'hard peg' (currency board) of Hong Kong with the US dollar even as Sri Lanka …

Sri Lanka rupee trades without intervention

Dec 15, 2008 (LBO) - The Sri Lanka rupee traded around 111.45/55 levels after dipping lower to 111.buy xenical online buy xenical online no prescription 50/60 …

Sri Lanka sovereign rating downgraded by S&P to B

Dec 15, 2008 (LBO) – Rating agency Standard & Poor's (S&P) said it has downgraded Sri Lanka’s long term foreign currency sovereign credit rating to …

Sri Lanka central bank disputes S&P credit downgrade

Dec 15, 2008 (LBO) – Sri Lanka's central bank has disputed a sovereign credit downgrade by Standard & Poors to 'B' from 'B+' saying it done without …