Economy & Markets

Sri Lanka trade deficit narrows in July, import growth slows

Sept 18, 2007 (LBO) – Sri Lanka's trade deficit has narrowed in July with oil imports slowing and exports growing by 33.9 percent, the Central Bank said …

Sri Lanka busts US$250mn to prop up exchange rate

Sept 17, 2007 (LBO) – Sri Lanka has spent more than 200 million US dollars to prop up the rupee during the past four months in an intervention campaign …

Sri Lanka struggling to reach inflation target: economist

Sept 16, 2007 (LBO) - A World Bank economist said Sri Lanka should trim the budget deficit if it wanted to achieve eight percent economic growth and monetary …

Sri Lanka property firm says real estate is a sound buy

Sept 15, 2007 (LBO) – A top Sri Lankan property developer says real estate is a sound investment because house prices do not fall, and construction costs …

Sri Lanka cuts growth forecast for 2007: report

Sept 15, 2007 (LBO) – Sri Lanka's central bank has cut the economic growth forecast for 2007 to 7.0 percent from an earlier 7.5 percent, a report said …

Sri Lanka statistician propounds new theory; takes on central bankers

Sept 14, 2007 (LBO) – Sri Lanka's top statisticians put forward a new theory on exchange rates and took on the central bank governor and Fed chairman Ben …

Sri Lanka bond yields plummet; rupee at new record low

Sept 14, 2007 (LBO) - Foreign names bought into a popular rupee bond sending yields crashing down and raising fears of manipulation Friday, while the Sri Lanka …

Sri Lanka economy slows to 6.2% in 1H2007

Sept 13, 2007 (LBO) – Sri Lanka's economy expanded 6.4 percent in the second quarter clocking up a 6.2 percent growth for the first half, coming off …

Sri Lanka dollar bond transparency queried

Sept 13, 2007 (LBO) - An international anti-corruption body has raised questions over a controversial sovereign bond issue by Sri Lanka as well as the role of …

Sri Lanka buffer zone forces fisher folk into other work: survey

Sept 12, 2007 (LBO) – A controversial buffer zone that banned re-building of homes of Sri Lankan victims near the coast after the December 2004 tsunami …

Sri Lanka issues tsunami warning; magnitude revised to 8.2

Sept 12, 2007 (LBO) – Sri Lanka's department of meteorology has issued a tsunami warning to the country's eastern, northern and southern coastal regions …

Sri Lanka minister lashes out at inflation creators

Sept 11, 2007 (LBO) – Sri Lanka's consumer affairs minister, cornered by rising prices and a falling rupee caused by money printing, lashed out at a …

Sri Lanka markets open after weekend, rupee flat

Sept 10, 2007 (LBO) - The Sri Lanka rupee was quoted at 113. online pharmacy buy strattera with best prices today in the USA buy bactroban online …

Asia Pacific leaders close summit with trade plea

SYDNEY, Sept 9, 2007 (AFP) - Key world leaders called Sunday for "urgent" efforts to salvage global talks on trade as they wrapped up a summit marked by …

Sri Lanka rupee firms in dull trading

Sept 07, 2007 (LBO) - The Sri Lanka rupee closed firmer at 113. buy albenza online …

Sri Lanka rupee trades at new low, foreign names sell bonds

Sept 07, 2007 (LBO) - The Sri Lanka rupee traded at a new low of 113. online pharmacy buy spiriva inhaler with best prices today in the USA buy levofloxacin …

Sri Lanka tightens labour laws

Sept 07, 2007 (LBO) – Sri Lanka is doubling the time given under its labour laws for aggrieved employees to seek redress, rolling a back a previous …

Sri Lanka 3-month treasuries move up to 17.80%, rupee weaker

Sept 5, 2007 (LBO) - Sri Lanka's 3-month Treasury bill yields moved up 15 basis points to 17.80 percent rolling over 9.3 billion rupees of debt on Wednesday's …

Sri Lanka politicians oppose taxes, while promoting inflation and money printing

Sept 05, 2007 – Sri Lanka's opposition, including a Marxist party which engineered fuel subsidies and mass state recruitment forcing the government to …

Standard & Poor’s chief quits amid rating criticism

September 04, (LBO) - Standard & Poor's (S&P) had replaced its president amid mounting criticism by investors and calls by US lawmakers and EU officials to …