Economy & Markets

HSBC to raise US$ 100 mn syndication loan for Sri Lanka’s Bank of Ceylon

November 01, 2006 (LBO) - Global banking giant HSBC is in the process of finalizing a 100 million dollar syndicated loan for Sri Lanka’s Bank of Ceylon, …

Indian interest for Sri Lanka’s sovereign bonds; Central Bank

November 01, 2006 (LBO) - Sri Lanka Wednesday, threw open the government bond market for overseas investors to buy rupee-denominated sovereign debt for the …

Sri Lanka’s inflation hits 17.2% in October, despite falling oil prices

October 31, 2006 (LBO) – Consumer prices in Sri Lanka bounced up to 17.2 percent in October from 15.4 percent in September, the Census & Statistics Dept …

Sri Lankan rupee gets closer to another record low

October 31, 2006 (LBO) - The Sri Lankan rupee sank further against the U.S. dollar Tuesday on sustained import demand, while share prices stayed in the red in …

Sri Lanka’s treasury bond yields up 1%

October 30, 2006 (LBO) - Sri Lanka's borrowing costs went up by 1-percent at this week’s bond auction, reflecting market sentiment for higher yields. …

Sri Lanka’s Hemas Holdings to raise debt for ongoing expansion plans

October 30, 2006 (LBO) - Sri Lanka’s conglomerate Hemas Holdings Ltd plans to raise a billion rupees in debt next year to fund expansion plans in its …

Sri Lanka’s one-year treasury yield at 12.03%

October 25, 2006 (LBO) - Sri Lanka’s borrowing costs continued to climb up following Wednesday’s weekly treasury bill auction, with market …

Belgium businessmen hunt in Sri Lanka for investment opportunities

Oct 25, 2006 (LBO) – A group of Belgian investors began a three-day visit in Colombo, scouting for potential investment opportunities to grow trade …

HSBC Sri Lanka secures a AAA (lka) rating from Fitch

October 20, 2006 (LBO) - HSBC Bank's Sri Lankan unit has been rated AAA (lka) by Fitch Ratings Lanka for their long-term senior debt. 'AAA' (lka) is the …

Sri Lanka slaps limits on non-essential imports to curb credit growth

October 20, 2006 (LBO) – Sri Lanka has imposed fresh restrictions to limit imports of 44 non-essential items like electrical goods, chocolates, palm oil …

Citibank N.A.’s Sri Lankan branch retains their ‘AAA (lka)’ from Fitch

October 20, 2006 (LBO) - Citibank N.A. a unit of the Citigroup Inc., retained its AAA (lka) from Fitch Ratings Lanka Ltd, the agency said Friday. The local …

Sri Lanka rupee gains despite negatives

October 19, 2006 (LBO) - The Sri Lankan rupee closed stronger at 105. online pharmacy buy avodart with best prices today in the USA online pharmacy …

ADB warns violence could disrupt Sri Lanka’s economic growth

October 19, 2006 (LBO) – Sri Lanka's economy is expanding at a blistering pace led by the telecommunications sector, but an escalation in violence could …

Sri Lanka markets volatile as Tamil Tigers strike southern port

October 18, 2006 (LBO) - The Sri Lankan rupee clawed back from Tuesday’s all-time low on profit taking by most banks, while stocks snapped a two-day …

Treasury bill yields up 0.6%, above policy rates

October 18, 2006 (LBO) - Sri Lanka’s borrowing costs went up sharply by over 0. online pharmacy buy spiriva inhaler with best prices today in the USA …

Sri Lanka raises US$ 340 mn in foreign investments: BOI

October 18, 2006 (LBO) – Sri Lanka has managed to attract just over 340 million dollars in foreign investments for the eight months to July, the Board of …

Malaysia leads investment flows into Sri Lanka for second year, Asia in investment boom

Oct 18 (LBO) – Malaysia will lead foreign investment into Sri Lanka for the second year running led by telecoms and infrastructure, as developing …

Sri Lanka to raise US$150 mn loan in Nov; Tbonds to overseas investors next week

October 17, 2006 (LBO) - Sri Lanka plans to raise 150 million dollars via a syndicated loan from foreign investors, the central bank said Tuesday a day after …

Sri Lanka issues maiden 2000 rupee note, but is no stranger to big bills

Oct 17, 2006 (LBO) - Sri Lanka issued its first 2000 rupee note on Tuesday, but is no stranger to large denominations, with a ten thousand rupee note put into …

Sri Lanka rupee sinks to new low against dollar

October 17, 2006 (LBO) The rupee sank to a new low Tuesday, falling to 107. online pharmacy buy diflucan with best prices today in the USA buy lariam online …