Sri Lanka stocks slip further, investors get ready for Janashakthi offer
June 11, 2008 (LBO) - Sri Lanka stocks slipped further on dampened sentiment with investors selling shares to raise funds for a forthcoming public offer by …
Economy & Markets
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Sri Lanka Hayleys group stake changes hands
June 10, 2008 (LBO) - A six percent stake in Sri Lanka's Hayleys group owned by Carson and Cumberbatch controlled companies was bought by businessman Dhammika …
Sri Lankan shares slip further
June 09, 2008 (LBO) - Sri Lankan shares ended weaker Monday on thin trading as weak sentiment continued with investors worried about high inflation and …
Sri Lankan ‘food security’ cannot be taken in isolation: economists
June 7, 2008 (LBO) – Sri Lanka should have a holistic approach to avert the threat of the household food security of the vulnerable groups due to the …
Sri Lanka gets World Bank loan to rebuild in conflict areas
June 06, 2008 (LBO) – The World Bank plans to give Sri Lanka a loan of 75.6 million dollars mainly to rebuild the homes of people in the war-ravaged …
Sri Lankan stocks weaken further due to lacklustre buying
June 06, 2008 (LBO) - Sri Lanka stocks weakened by 0.68 percent during Friday's trading adding to the week-long losing streak at the Colombo Stock Exchange. …
Sri Lankan shares regain some ground, sentiment seen weak
June 05, 2008 (LBO) - Sri Lankan shares Thursday recovered some ground it lost the day before but on thin volumes with brokers saying the market is likely to …
Sri Lanka central bank says ‘core inflation’ 9.6-pct in May
June 05, 2008 (LBO) – Sri Lanka's central bank said its 'core inflation' index from which a number of items such as food had been dropped was 9.6 percent …
Sri Lanka stocks drop 1.14 pct on earnings fears
June 4, 2008 (LBO) - Sri Lanka stocks shed over one percent Wednesday with investors taking profits with corporate earnings are seen under pressure from high …
Sri Lanka needs better transport, credit access to benefit from trade: study
June 04, 2008 (LBO) – Sri Lanka needs to improve access to markets through better transport infrastructure and access to credit to take advantage of …
Sri Lanka will not try forcible curbing of fuel use: minister
June 3, 2008 (LBO) – Sri Lanka will not try to impose laws on productive sectors of the economy to curb oil use, but is aiming to cut energy use in the …
Sri Lanka flood death toll rises; 250,000 displaced
June 3, 2008 (AFP) - The death toll from a week of torrential rain across Sri Lanka has risen to 17 and more than 253,000 people have been driven from their …
Sri Lanka shares close weaker
June 3, 2008 (LBO) - Sri Lanka stocks closed 0.2 percent lower Tuesday amidst muted retail activity, traders said. The All Share Price Index (ASPI) closed 0.28 …
Sri Lanka fuel subsidy fraud bared in newspaper editorial
June 02, 2008 (LBO) – An influential weekly has slammed Sri Lanka's practice of giving subsidies in the guise of helping the common man, and exposed the …
Japan may export rice to Sri Lanka: official
TOKYO, June 2, 2008 (AFP) - Japan is mulling a request from Sri Lanka to export up to 200,000 tonnes of its imported rice supplies to help Colombo ease acute …
Sri Lanka floods kills seven, displace tens of thousands
June 2, 2008 (AFP) - Heavy monsoon rains have killed seven people and driven 73,000 from their homes across Sri Lanka, the island's disaster management centre …
Sri Lanka stocks weaken further
June 2, 2008 (LBO) - Sri Lanka stocks closed 0.43 percent lower Monday, dragged down by the fall in prices of index-heavy shares like John Keells Holdings and …
Sri Lanka should watch external sector developments: economist
June 01, 2008 (LBO) - A strong balance of payments position and a strong currency is giving stability to Sri Lanka's external sector. But it is at odds with …
Sri Lanka politicians to meddle in fuel use
May 31, 2008 (LBO) – Sri Lanka's ruling politicians are to come up with plans next week to reduce energy use, with the petroleum bill being identified as …
Sri Lanka seeks food crisis loan: World Bank
The World Bank is considering giving Sri Lanka a crisis loan to tackle galloping food prices, the global financial institution's vice president said on Friday. …