Economy & Markets

Sri Lanka Treasury rates steady; volumes low

Mar 26, 2008 (LBO) - Sri Lanka's Treasury bill rates moved up by 1 to 3 basis points across maturities at an auction Wednesday, the government debt office …

Sri Lanka stocks close higher; windfall for Ceylon Theatres, Cargills stockholders

Mar 25, 2008 (LBO) - Sri Lanka stocks closed higher with the value of two illiquid Ceylon Theatres group firms rising steeply after a record share split which …

Sri Lanka stocks slump; money rates spike despite cash injections

March 24, 2008 (LBO) - Sri Lankan stocks slumped Monday with trades in index heavy Sri Lanka Telecom dominating turnover as speculation swirled about an …

Sri Lanka dollar risk rates shoot up as banks chase US currency

Mar 24, 2008 (LBO) - Premiums above benchmark rates for dollar loans in Sri Lanka's interbank markets have rocketed as a global credit crunch made the US …

Lessons for Sri Lanka from Malaysia’s Daim Zainuddin

Mar 22, 2008 (LBO) – Many East Asian Tiger economies like Malaysia are now famed for fiscal prudence, running surpluses on their current and overall …

Sri Lanka stocks close lower, telecom deals drive turnover

March 19, 2008 (LBO) - Sri Lanka stocks closed lower Wednesday dragged down by heavy trading in telecom shares whose prices fell in afternoon trade. online …

Sri Lanka government credit down; concern over petro borrowing: central bank

Mar 19, 2008 (LBO) – Central Bank credit to Sri Lanka's government was down, money supply growth was falling but state enterprise borrowings was a …

Sri Lankan firms told tough conditions at home should not decide foreign expansion

Mar 19, 2008 (LBO) - A top Indian consultant says fledgling firms should deal with government regulations and difficult business conditions at home instead of …

Sri Lanka stocks close higher

March 18, 2008 (LBO) - Colombo stocks closed higher with Sri Lanka Telecom (SLT) gaining 1. online pharmacy buy hydroxychloroquine with best prices today in …

Sri Lanka central bank is creating inflation: economist

Mar 17, 2008 (LBO) -- Sri Lanka's central bank is accountable for inflation and claims of 'cost push' factors for rising prices cannot be accepted when well …

Sri Lankan study sees politics, non-tariff barriers constraining South Asian trade

March 17, 2008 (LBO) – Politics and non-tariff barriers are likely to constrain trade among South Asian nations even if import tariffs are removed, a new …

Sri Lanka stocks close lower despite Telecom rush

March 17, 2008 (LBO) - Sri Lanka shares closed lower, despite strong interest in Sri Lanka Telecom which saw turnover boosted to 1.2 billion rupees and 18 …

Sri Lanka could gain more in next phase of trade liberalization: study

March 15, 2008 (LBO) – A new study on a south Asian regional trade deal has said Sri Lanka will gain more in the next phase of liberalisation but the …

Sri Lanka central bank to drain foreign cash with own securities

Mar 13, 2008 (LBO) - Sri Lanka's Central Bank said it would issue its own securities to drain excess cash generated from foreign exchange interventions after …

Sri Lanka sells bills over auction offer; rates steady

Mar 12, 2008 (LBO) -- Sri Lanka sold 10. online pharmacy buy robaxin with best prices today in the USA 8 billion rupees of Treasury bills at an auction …

Sri Lanka offers Rs5bn bonds to foreigners

March 11, 2008 (LBO) - Sri Lanka is selling three maturities of rupee bonds to foreign buyers valued at five billion rupees under a new process with bids …

Sri Lanka sells 3-year bonds at 17.05-pct

Mar 11, 2008 (LBO) - Sri Lanka has raised 400 million rupees from 3-year bonds at a average price of 17. buy antabuse online …

Sri Lanka foreign reserves move to US$3.2bn

Mar 10, 2008 (LBO) – Sri Lanka's foreign reserves had increased to 3.4 billion dollars by March 06 with the monetary authority collecting 366 million …

Sri Lanka rupee gains on greenback; exporters sell forward

Mar 10, 2008 (LBO) - Sri Lanka rupee gained against the greenback in early trading Monday with state names coming in to cap the domestic currency at 107.50/55 …

Sri Lanka stocks end flat with SLT trades boosting turnover

March 10, 2008 (LBO) - Sri Lankan stocks ended flat Monday but volumes were boosted to over 700 million rupees on heavy trading in Sri Lanka Telecom after a …