Economy & Markets

Sri Lanka rupee comes off highs but spreads narrow

Sept 04, 2007 (LBO) - Sri Lanka rupee came off highs of 113.02 against the greenback Tuesday to close sharply lower in a day that saw strong buying from a …

Sri Lanka says reserve money on target, but domestic assets rise

Sep 04, 2007 (LBO) – Sri Lanka's central bank said Tuesday reserve money growth is on target, but domestic assets in the monetary base continued to rise, …

Sri Lanka floats the rupee; two way quotes return

Sept 03, 2007 (LBO) – Sri Lanka's central bank has successfully floated the rupee after printing billions of rupees on an ill-fated intervention and …

Sri Lanka rupee closes firmer against greenback

September 01, 2007 (LBO) - The Sri Lanka rupee closed firmer against the greenback at 113.00/113.05 Friday trading two days without central bank intervention, …

Sri Lanka needs stronger laws, value addition to develop gem trade

August 31, 2007 (LBO) – Updating laws on gem mining and trade, value addition and better certification methods will help Sri Lanka to develop the …

Sri Lanka August inflation eases to 17.3%

August 31, 2007 (LBO) – Consumer prices in Sri Lanka's capital Colombo eased 0.8 percent in the month August, with the 12-month inflation at 17.3 percent …

Sri Lanka central bank talks up the rupee

August 31, 2007 (LBO) - Sri Lanka's central bank is talking up the rupee saying a one percent fall in the currency during the past two weeks is 'unwarranted' …

Sri Lanka rupee trades marginally lower against greenback

August 30, 2007 (LBO) - The Sri Lanka rupee traded at a low of 113.17 against the greenback and closed at 113. buy fluoxetine online …

Sri Lanka opposition warns of possible default of a proposed sovereign bond

August 29, 2007 (LBO) - Sri Lanka's main opposition announced a protest in front of HSBC Bank's Colombo office after its leader warned that the country may not …

Sri Lankan businesses focus on forex hedging amid rupee volatility

August 29, 2007 (LBO) - Sri Lankan exporters, importers and freight forwarders are to discuss ways of managing foreign exchange risks at a time when the rupee …

Sri Lanka markets off to a shaky start, rupee edges lower

August 29, 2007 (LBO) - Sri Lanka's financial markets got off to a shaky start Wednesday with the rupee edging lower against the greenback and stocks losing …

Sri Lanka forex market uncertainty returns; no two way quotes yet

August 27, 2007 (LBO) - Expectations that two-way quotes would resume and exporters would start selling in Sri Lanka's forex markets were dashed early Monday …

Sri Lanka property bubble on the bursting path

August 25, 2007 (LBO) - Sri Lanka’s land and condominium price bubble which has now peaked may pop with buildings now under construction expected to …

Sri Lanka rupee eases against greenback in early trade

August 24, 2007 (LBO) - The Sri Lanka rupee eased towards a resistant level on the figure with spot deals touching 112.67 against the greenback in intra-day …

Sri Lanka rupee floats to new level

August 24, 2007 (LBO) - The Sri Lanka rupee closed Friday with bids at 112.70 against the greenback with the highest deal at 112.67 in spot trade in a day that …

Sri Lankan corporates form alliance to combat HIV/AIDS

Aug 23, 2007 (LBO) – Sri Lankan companies have formed a business coalition on HIV/AIDS saying increasing awareness and gearing up workplaces to handle …

Sri Lanka rupee tests new lows against greenback; cash rates stabilize

August 23, 2007 (LBO) - The Sri Lanka rupee tested new lows against the greenback Thursday while overnight cash rates moderated after the monetary authority …

Money printing Zimbabwe eases price controls after shortages

HARARE, Aug 22, 2007 (AFP) - Zimbabwe's government has authorised retailers to raise the prices of basic goods in order to ease widespread shortages which …

Sri Lanka Treasury bill yields up; rupee eases to new low

August 22, 2007 (LBO) - The Sri Lanka rupee slipped to a new life low and three month treasury bill yields edged up 10 basis point to 17.55 percent Wednesday …

Sri Lanka central bank opens discount window to primary dealers

August 22, 2007 (LBO) - Sri Lanka's Central Bank opened its discount window to primary dealers allowing them to get overnight cash after overnight rates hit 49 …