Economy & Markets

Sri Lankan rupee strengthens, 3-year bond yields rise sharply

August 29, 2006 (LBO) - Sri Lankan rupee firmed up against the U.S. dollar Tuesday, while share prices dipped as investors hunted for market leads, brokers …

Aitken Spence floats debenture to pay off loans

August 28, 2006 (LBO) - Sri Lanka’s Aitken Spence & Co Ltd secured a AA(lka) rating for its upcoming 500 million debenture, but Fitch Rating Lanka …

Independent central bank needed for stable cost of living in Sri Lanka: economist

August 27, 2006 (LBO) – Sri Lanka should have an independent central bank which can conduct prudent monetary policy in order to have low inflation, a …

Sri Lankan rupee extends gains; foreign interest boost stocks

August 24, 2006 (LBO) - The Sri Lankan rupee firmed up against the U. buy zovirax online rxbuywithoutprescriptiononline.net/dir/zovirax.html no prescription …

Treasury bond yields take a leap

August 21, 2006 (LBO) - Sri Lanka's borrowing costs shot up Monday, when the Central Bank sold three and four year treasury bonds at higher yields. buy advair …

Sri Lanka economy booms despite bombs and bloodshed

COLOMBO, Aug 18, 2006 (AFP) - Sri Lanka is expected to record its highest annual economic growth in 28 years despite escalating violence in the decades-old …

Central bank holds Sri Lanka policy rates steady in August

August 16 (LBO) - Sri Lanka's central bank said Wednesday it was holding rates steady, but warned that fuel subsidies were putting pressure on the balance of …

Dollar bonds find favour in Sri Lanka as war jitters hit stocks

August 14 (LBO) - The oversubscription of a dollar bond issue was a reflection of the investor confidence in Sri Lanka government gilts, the country’s …

Sri Lanka’s US$ 5 bn investment pipeline held up due to red tape

August 14 (LBO) – Sri Lanka is sitting on a 5 billion dollar investment pipeline for development projects, held up due to red tape and other delays, the …

Sri Lanka government raises US $ 175 million dollars

August11 (LBO) - A Sri Lankan government 3-year dollar bond issue had been more than twice oversubscribed allowing the government to raise more money than …

Sri Lanka looks at reviving sovereign bond issue : CB Governor

Aug 10 (LBO) - Sri Lanka is looking at reviving a sovereign bond issue, which was shelved earlier this year, to raise medium term dollars, Central Bank …

Sri Lanka’s treasury bill rates move up by 5-basis points

August 8, 2006 (LBO) - Sri Lanka's borrowing costs moved up on average by 5-basis points, when the Central Bank sold 8. online pharmacy buy abilify with best …

Sri Lanka sells 3-year bonds at 11.05%

August 7, 2006 (LBO) - Sri Lanka's Central Bank sold three-year treasury bonds at yields of 11. online pharmacy buy abilify with best prices today in the USA …

Sri Lanka’s Jan-June trade deficit widens sharply on oil

August 4, 2006 (LBO) – Sri Lanka's trade deficit expanded 48.0 percent to 1,793 million dollars for the six months to June, compared with the same period …

Singer (Sri Lanka) Ltd takes up an extra Rs. 200 mn in debt

August 4, 2006 (LBO) - Singer (Sri Lanka) Ltd has opted to accept up to 800 million rupees in debt after its initial 600 million rupee debenture issue was …

Merchant Bank of Sri Lanka picks up AA3 rating

August 2, 2006 (LBO) - Merchant Bank of Sri Lanka Wednesday picked up an AA3 rating from Lanka Rating Agency for their long-term senior debt, the agency said. …

Fitch asks Merchant Credit to infuse fresh capital; assigns ‘BBB(lka)’ rating

August 01, 2006 (LBO) - Fitch Ratings Lanka Tuesday assigned a 'BBB (lka)' to Merchant Credit of Sri Lanka for their long-term debt and said the company should …

Sri Lanka’s consumer prices ease in July to 14.7%

July 31, 2006 (LBO) – Sri Lanka's consumer prices for July eased marginally to 14.7 percent, the Census & Statistics Department said Monday, as a drop in …

Sri Lanka to raise another US$150 mn bonds in Aug.

July 28, 2006 (LBO) - Sri Lanka plans to raise another 150 million dollars in development bonds next month to bridge the rising budget deficit, though there …

Sri Lanka to hold aid parley in Dec; asks donors to fund mega projects

July 28, 2006 (LBO) – Sri Lanka is asking donors to concentrate on helping to build mega infrastructure projects, when the annual aid parley meets in …