Sri Lanka expects economy to expand by 8% this year
June 30, 2006 (LBO) – Sri Lanka's economy is expected to grow by a better-than-expected 8.0 percent, this year a senior government official said a day …
Economy & Markets
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Sri Lanka raises Rs. 6 bn via inflation linked bond
June 30, 2006 (LBO) - Sri Lanka's Central Bank Friday placed a 6 billion rupee government bond linked to an inflation index, which is expected to clear a part …
Sri Lanka’s inflation rate climbs to 17.7% in June
June 30, 2006 (LBO) – Sri Lanka's inflation rate for June jumped to 17.7 percent, official figures showed Friday, spurring concerns that the Central Bank …
Killings slow Sri Lanka’s economic drive: World Bank
June 29, 2006 (LBO) – Sri Lanka's deteriorating security situation is undermining growth and slowing the island's attempts to snap out of the poverty …
Sri Lanka’s economy expands 8.1% first quarter: Central Bank
June 29, 2006 (LBO) – Sri Lanka's 24-billion dollar economy expanded by 8.1 percent during the first quarter of this year, ahead of a recent government …
Sri Lanka central bank responds to media reports over superannuation fund.
June 29, 2006 (LBO) – Sri Lanka’s Central Bank, which is the custodian of the superannuation fund of the country's private sector workforce said …
Fitch rates Singer’s four-year debenture ‘A+(lka)’
June 26, 2006 (LBO) - Singer (Sri Lanka) Ltd secured a A+(lka) ratings for their upcoming four-year 600 million rupee debenture from Fitch Ratings Lanka, the …
People’s Merchant Bank gets a ‘BBB-(lka)’ rating
June 26, 2006 (LBO) - Fitch Ratings Lanka on Monday assigned a 'BBB-(lka)' rating for People's Merchant Bank's long-term debt, citing its parental backing and …
Sri Lanka needs to shake off its welfare state mentality: World Bank
June 26, 2006 (LBO) -- Sri Lanka's economic programmes must be protected from the political uncertainties of delicate coalitions and resolve the ethnic …
Singer to float debenture to partly retire debt
June 23, 2006 (LBO) - Singer (Sri Lanka) Ltd is raising 600 million rupees in debt through an unlisted, unsecured debenture, the consumer goods retailer said …
Bank of Ceylon may double foreign loans to boost Sri Lanka’s balance of payments
June 22, 2006 (LBO) - The Bank of Ceylon is to increase foreign borrowings to 400 million dollars this year, to boost Sri Lanka’s balance of payments …
Sri Lanka’s city development agency to issue a billion rupees in bonds
June 21, 2006 (LBO) - Sri Lanka's Urban Development Authority (UDA) plans to raise a billion rupees in bonds to finance an office development project, top …
Sri Lanka’s borrowing costs rise
June 21, 2006 (LBO) - Sri Lanka's borrowing costs went up during Wednesday's treasury bill auction, as the Central Bank bought a further 3-billion rupees worth …
Sri Lanka government issue dollar bond issue at lower rates
June 20 (LBO) - A Sri Lanka government dollar bond issue targeting local investors was oversubscribed Tuesday, allowing the government to roll-over maturing …
Sri Lanka policy turns more hawkish
June 20, 2006 (Dow Jones)--Sri Lanka's central bank signaled a more hawkish stance when it increased its policy rates sooner than expected last week. online …
Sri Lanka hikes interest rates by 25 basis points to curb inflation
June 16, 2006 (LBO) - Sri Lanka's Central Bank unexpectedly raised key interest rates by 25 basis points after a five month lag Friday, in a bid to curb …
Sri Lanka reports US$ 400 million lower foreign exchange reserves in May
June 16,2006 (LBO) Sri Lanka's official reserves fell to 3.4 months of imports, as the central bank spent almost 100 million dollars defending the currency in …
Sri Lanka 1Q06 GDP over 7%
June 16, 2006 (LBO) – Sri Lanka's 24-billion dollar economy has expanded in excess of seven percent during the first quarter of this year, a senior …
Sri Lanka’s Central Bank likely to freeze main interest rates
June 12, 2006 (LBO) -- Sri Lanka's central bank is likely to keep its benchmark interest rates unchanged for the sixth month in a row, preferring a …
Sri Lanka shelves plans for medium-term sovereign bond
June 9, 2006 (LBO) - Sri Lanka has shelved plans to raise up to a billion dollars and fall back on smaller tranches, with shorter maturities, a senior treasury …