Sri Lanka interbank rates touch 40%
August 21, 2007 (LBO) - Sri Lanka's interbank rates touched 40 percent in early trade Tuesday after the market ran out of liquidity amidst pressure on the …
Economy & Markets
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Sri Lanka central bank defends John Exter and itself against tide of criticism
August 21, 2007 (LBO) – Sri Lanka's central bank law, devised by an international economist famed for his monetary prudence, has in-built safeguards to …
Sri Lanka credit crunch drives rates up, foreign names sell bonds
August 21, 2007 (LBO) - Sri Lanka's Central Bank eased access to its discount window with overnight rupee rates hitting 40 percent, while the spot dollar hit …
Sri Lankan rupee weakens further against dollar
August 20, 2007 (LBO) - A Sri Lankan state bank's offers for spot dollar moved above 112 rupees Monday with the bank, which usually represents Central Bank …
Sri Lanka trade deficit narrows in first half 2007, oil imports down
August 16, 2007 (LBO) – Sri Lanka's trade deficit has narrowed 12 percent and oil imports had fallen 8 percent in the first half of 2007, the central …
Sri Lanka official forex market see ‘black market’ as rupee tumbles
August 15, 2007 (LBO) – Sri Lanka's forex markets are defying fundamental economic principles with bids creeping above offer prices in what analysts see …
Sri Lanka rolls over Rs12bn in bills, short end in demand
August 15, 2007 (LBO) - Sri Lanka rolled over 12 billion rupees of treasury bills heavily weighted towards the short end with yields edging up marginally, the …
Sri Lanka central bank pours oil on troubled forex markets
August 14, 2007 (LBO) – Sri Lanka's central bank sought to calm the country's forex markets in its August monetary policy statement as the rupee came …
Sri Lankan businesses seek to penetrate booming Middle East markets
August 14, 2007 (LBO) – A Sri Lankan business delegation is to visit the Middle East next month seeking to penetrate the markets in three oil exporting …
Economists slam the real culprits behind subprime debacle
FRANKFURT, Aug 14, 2007 (AFP) - By injecting billions into the money markets in the wake of fears about the US housing market, central banks are reaping what …
Sri Lanka port firm plans bond issue
August 14, 2007 (LBO) - Sri Lanka's state-owned Ports Authority (SLPA) is planning an international bond issue to raise funds for new expansion projects and …
Sri Lanka can wipe out poverty in a generation with practical policies: development economist
August 13, 2007 (LBO) – If market reforms and globalization that brought prosperity to Sri Lanka's Western Province could be replicated countrywide, …
Sri Lanka underdeveloped regions deserve better – economist
August 13, 2007 (LBO) – A senior Sri Lankan economist has called for a higher allocation of resources for less developed regions of the island and …
Maldives shrug off IMF red flag over Rufiyaa peg
August 13, 2007 (LBO) – The Maldives has shrugged off a red flag from the International Monetary Fund (IMF) that its currency peg with the US dollar was …
Sri Lanka living standards improving despite negative feelings: CB Governor
August 13, 2007 (LBO) – Despite perceptions of a lack of a 'feel good' factor steady gains are being made in living standards, Sri Lanka's central bank …
Sri Lankans told no ‘free lunch’, urged to change attitudes
August 13, 2007 (LBO) – Sri Lankans need to change attitudes that are holding the country back despite it being reasonably well endowed with human and …
Sri Lanka can wipe out poverty in a generation with working policies: development economist
August 12, 2007 (LBO) – If market reforms and globalization that brought prosperity to Sri Lanka's Western Province could be replicated countrywide, …
Corruption costs Sri Lanka 2% economic growth: senior economist
August 11, 2007 (LBO) – Public sector corruption in Sri Lanka is a key factor driving poverty and the country is losing two percentage points of economic …
Sri Lanka foreign debt profile good even after bond issue: S&P
August 09, 2007 (LBO) – Though Sri Lanka had "substantial" foreign debt, the country would be able to maintain external liquidity even after an upcoming …
Sri Lanka fuel pricing framework under threat?
August 8, 2007 (LBO) – Sri Lanka's new fuel pricing formula, seen as crucial to maintain economic stability and low inflation, is under threat barely two …