Economy & Markets

Sri Lanka shares sustain gains

Nov 03, 2008 (LBO) - Sri Lankan shares ended higher for the fourth day running, Monday, sustaining the gains made last week in what appears to be an …

Sri Lanka central bank T-bill stock spikes to Rs77bn; new peg Rs110

Nov 02, 2008 (LBO) - Sri Lanka central bank's Treasury bills stock rose to 77 billion rupees two days after the monetary authority broke a peg with the US …

Sri Lanka bad budgets, hot borrowings, dollar peg has endangered economy: IMF

Nov 01, 2008 (LBO) – Sri Lanka has to change its ways to protect itself from the negative effects of bad budgets, foreign borrowings, and a 'de facto' …

Sri Lanka bond auction rates spike over 100bp

Oct 31, 2008 (LBO) - Sri Lanka's bond yields spiked than 100 basis points and secondary market yields more than 100 basis points at this week's auction. On …

Sri Lanka’s inflation eases to 20.2-pct

Oct 31, 2008 (LBO) – Consumer inflation in Sri Lanka's capital Colombo fell to 20.2 percent in the 12-months to October from 24.3 percent a month ago, …

Sri Lanka central bank puts curbs on forex market

Oct 06, 2008 (LBO) - Sri Lanka' central bank has tightened limits on overnight trading positions of commercial banks, imposed penal interest rates on exporter …

Sri Lanka IOC unit profits fall on taxes, hedging costs

Oct 31, 2008 (LBO) - Profits of Lanka IOC, a unit of India's IOC fell 83 percent in the September quarter to 109 million rupees amidst high taxes and hedging …

Sri Lanka central bank to buy back short term bills

Oct 30, 2008 (LBO) - Sri Lanka's central bank has announced auctions to buy back six billion rupees of short term bills at market rates, while overnight …

Sri Lanka forex markets search for direction after announcement

Oct 30, 2008 (LBO) - Sri Lanka's forex markets and debt ran out of quotes as dealers searched for direction after the central bank said it was breaking a peg …

Sri Lanka forex markets limp back to life

Oct 30, 2008 (LBO) - Sri Lanka's forex markets limped back to life at 110 rupees to the dollar and edged lower to 111. online pharmacy buy abilify with best …

Sri Lanka central bank to allow dollar peg to move

Oct 30, 2008 (LBO) - Sri Lanka's central bank said it was allowing 'greater flexibility' in foreign exchange markets signaling a depreciation in the rupee that …

Sri Lanka shares sustain gains

Oct 30, 2008 (LBO) - Sri Lankan shares ended higher for the second day running with brokers saying the rise on larger trading volumes may indicate improved …

Sri Lanka private sector workers offered tax break to keep money in g-secs

Oct 29, 2008 (LBO) - Sri Lanka said it will give a tax refund to private sector retirees if they continue to keep their money in government securities after …

Sri Lanka shares held up by gains in large cap stocks

Oct 29, 2008 (LBO) - Sri Lankan shares ended marginally firmer Wednesday, held up by gains in highly capitalized stocks, but sentiment remained weak as the …

With debt mounting, new US president to face tough choices

WASHINGTON, October 28, 2008 (AFP) - The next US president will inherit a mountain of debt from the latest government bailouts, making it difficult to …

Iceland raises rates to 18.0-pct after currency collapse

REYKJAVIK, October 28, 2008 (AFP) - Iceland jacked up its key interest rate to 18 percent and announced a request for help from the European Central Bank and …

Sri Lanka shares in free fall

Oct 28, 2008 (LBO) - Sri Lankan shares plunged Tuesday with heavy losses in some blue chips as investors sold on fears of worsening company profitability and …

Sri Lanka central bank reserves down to US$2.6bn

Oct 27, 2008 (LBO) - Sri Lanka's official foreign reserves have fallen to 2.6 billion US dollars in late October from 3. online pharmacy buy spiriva inhaler …

IMF gets new business as central banks lose reserves on intervention mistakes

WASHINGTON, October 26, 2008 (AFP) - Ukraine, facing political deadlock and an economic crisis, agreed a 16. online pharmacy buy abilify with best prices today …

Sri Lanka exchange rate pressured; fuel taxes can reduce fiscal ills: economist

Oct 26, 2008 (LBO) – Despite falling oil prices, Sri Lanka is now in the midst of a balance of payments problem brought about by central bank …