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 …
Economy & Markets
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Fitch upgrades Nations Trust Bank to ‘A(lka)’
July 26, 2006 (LBO) - Fitch Ratings said Wednesday it has upgraded Sri Lanka's Nations Trust Bank's long-term debt to A(lka) with its outlook on the rating to …
Fitch upgrades People’s Leasing securitsed notes to A+(lka)
July 26, 2006 (LBO) - Fitch Ratings Lanka Wednesday has upgraded the Lease Backed Trust Certificates issued by People's Leasing Trust Nine to 'A+(lka)' from …
Sri Lanka urges nationals in Lebanon to stay put
July 25, 2006 (AFP) - Sri Lanka, which has the largest contingent of expatriate workers in Lebanon, wants those trapped in the conflict to stay put and those …
Sri Lanka Central Bank ups rates; more hikes likely
July 24, 2006 (Dow Jones)--The Central Bank of Sri Lanka raised the repurchase rate and the reverse repo rate by 12.5 points each over the weekend, the second …
Lanka Rating Agency rates Arpico Finance BB2
July 18, 2006 (LBO) - Sri Lanka's Arpico Finance Co. Ltd has secured a BB2 rating for its long-term senior debt from Lanka Rating Agency. "Our rating reflects …
IPS to develop action plan for Sri Lankan industrialists
July 18, 2006 (LBO) – The Industrial Association of Sri Lanka has commissioned a study to develop a national action plan to be presented to the …
Newly appointed monetary board member Nimal Welgama declines the job
July 16, 2006 (LBO) – Businessman Nimal Welgama has declined a seat on the country's Monetary Board due to an ongoing inquiry by the Central Bank, …
Sri Lanka’s trade deficit widens despite strong export growth in May
July 13, 2006 (LBO) – Sri Lanka's trade deficit expanded to 429 million dollars for the five months to May, amidst strong growth in export earnings. …
Tsunami displaced asked to build their own houses to beat costs
July 13, 2006 (LBO) – International donors who signed up to build homes for Sri Lankans displaced by the tsunami, are now altering plans to beat …
Sri Lanka fills monetary board vacancy
July 13, 2006 (LBO) - Upali Group chairman Nimal Welgama, has been appointed to the Monetary Board, the Central Bank of Sri Lanka said Thursday. Welgama has …
Sri Lankan rupee strengthens; shares close narrowly mixed
July 7, 2006 (LBO) - Colombo share prices closed little change in moderate trade Friday, but the rupee rallied a touch on some dollars sales by state banks, …
Colombo stocks close flat on uninspiring trade; rupee dips marginally
July 6, 2006 (LBO) - Sri Lankan rupee dipped marginally while stock market closed virtually flat on Thursday in subdued trade, dealers said. The benchmark All …
Sri Lanka’s Mercantile Investments mulls subsidiary to hold leisure business
July 5, 2006 (LBO) -- Finance company Mercantile Investments Ltd, plans to float a fully-owned subsidiary to hold their leisure investments, a credit rating …
Sri Lankan rupee ends tad higher; Colombo share prices gain
July 5, 2006 (LBO) - Sri Lankan rupee gained marginally, while shares prices in Colombo finished up Wednesday, as the government stepped up security amid fears …
European Union to fund Sri Lanka’s war refugees
July 4, 2006 (AFP) - The European Union Tuesday announced seven million euros (8.9 million dollars) in aid for some 400,000 people displaced by the drawn-out …
Sri Lanka’s budget deficit expands to 3.2% by end April
July 4, 2006 (LBO) – Sri Lanka's budget deficit for the four months to April rose to 3.2 percent of GDP from 2.9 percent of GDP a year before as the …
Shares prices close flat; rupee steadies against the U.S. dollar
July 4, 2006 (LBO) - Shares prices in Colombo closed flat Tuesday on lackluster trade awhile the Sri Lankan rupee gained marginally against the dollar, dealers …
Sri Lanka’s Central Bank governor wants to keep rates steady
July 3, 2006 (LBO) - Sri Lanka does not need to raise interest rates despite galloping inflation and negative real interest rates, the island's newly appointed …
Sri Lanka’s new Central Bank governor says he will protect its independence
July 3, 2006 (LBO) – Sri Lanka's newly appointed central bank governor says he will promote the independence of the institution, which has come under …