Economy & Markets

Sri Lanka’s conflict-hit and the poor under World Bank focus

Sept 04, 2008 (LBO) - The World Bank will help Sri Lanka build infrastructure and boost economic services to communities marginalized by an internal conflict …

Sri Lanka looks for drug resistant bugs

Sept 04, 2008 (LBO) - Sri Lanka is starting a survey to find bugs that are resistant to antibiotics, and also standardize testing, a pharmaceuticals giant that …

Sri Lanka shares weaken, Indian Oil unit gains as oil prices fall

Sept 03, 2008 (LBO) - Sri Lankan shares fell again Wednesday with the local unit of Indian Oil Corp (IOC) gaining as its earnings outlook improves on falling …

Sri Lanka Treasury bill yields fall

Sept 03, 2008 (LBO) - Sri Lanka's Treasury bill yields fell at Wednesday's auction with 6-month bills falling 26 basis points to 17. buy ocuflox online …

Sri Lanka to sell US dollar bonds

Sept 01, 2008 (LBI) - Sri Lanka will sell 70 million dollars of 2-year bonds which pays interest every six months, on an auction basis for which subscriptions …

Sri Lanka shares becalmed, investors chase Bogala Graphite

Sept 01, 2008 (LBO) - Sri Lankan shares ended hardly changed Monday with retail investors who had been playing with property stocks turning their attention to …

Sri Lanka August inflation falls to 24.9-pct

Aug 29, 2008 (LBO) - Consumer prices increases in the Sri Lankan capital Colombo fell to 24. buy ocuflox online …

Sri Lanka shares sag, profit taking on property stocks

Aug 29, 2008 (LBO) - Sri Lankan shares ended weaker Friday with the indices pulled down by losses in heavyweight telecom counters and profit taking seen in …

Sri Lanka central banker: don’t print money for wars or subsidies

Aug 29, 2008 (LBO) - A central bank should not relax monetary policy (print more money) to increase employment, or finance wars and subsidies, because …

Sri Lanka stocks close up, Equity One soars on speculative trading

Aug 28, 2008 (LBO) - Sri Lankan stocks closed higher with the illiquid Equity One driven up by over 50 percent on speculative trading by retail investors, …

Sri Lanka T-bill yeilds edge down

Aug 27, 2008 (LBO) - Sri Lanka's Treasury bills yields fell at Wednesday's auction with 6-month bills falling 29 basis points to 18. online pharmacy buy …

Sri Lanka stocks firmer, heavy trading in AMW, JKH

Aug 27, 2008 (LBO) - Sri Lankan stocks ended a shade firmer and turnover increased to almost half-a-billion rupees with strategic buying seen in Associated …

Sri Lankan jet strikes after Tiger plane attack

August 27, 2008 (AFP) - Sri Lankan jets carried out retaliatory attacks against Tamil Tiger rebels on Wednesday, a day after the guerrillas used a light …

Sri Lanka stocks close lower, AMW deals dominate trade

Aug 26, 2008 (LBO) - Sri Lanka stocks closed marginally lower while turnover reached half a billion rupees following deals in Associated Motorways (AMW) …

Sri Lank foreign direct investments dominated by telecoms

Aug 26, 2008 (LBO) - Sri Lanka's foreign direct investment (FDI) flows in the first six months of the year reached 425 million US dollars with telecoms …

Sri Lanka stocks edge lower; investors hope for oil tonic

Aug 25, 2008 (LBO) - Sri Lankan stocks weakened further Monday with brokers saying the only hope for an immediate recovery being a cut in fuel prices now that …

Sri Lanka taxable workers to shrink, creating multiple crises

Aug 25, 2008 (LBO) - Sri Lanka's government will run out of working people to tax in the future, as retirees increase and the workforce shrinks, creating a …

Sri Lanka gets ADB help to curb fiscal profligacy

Aug 24, 2008 (LBO) - Sri Lanka is getting help from Japan and the Asian Development Bank (ADB) to improve government finances, the regional lender said, four …

Sri Lanka stocks weaken, Distilleries in focus ahead of court verdict

Aug 22, 2008 (LBO) - Sri Lankan stocks weakened further Friday with anticipation mounting over a court verdict on the privatization of Sri Lanka Insurance …

Sri Lanka to host South Asia economic summit on Aug 28

Aug 22, 2008 (LBO) - Sri Lanka will host a South Asian Economic Summit (SAEA) from August 28, where civil society, academics, private sector and state …