All Blogs
Sri Lanka holds policy rates steady
Jan 19, 2010 (LBO) – Sri Lanka’s central bank said it was keeping its main reverse repurchase policy rate at which money is injected to markets steady at 9. 75 percent, though inflation has started to pick up. “Though some volatility has been observed in the short term money market rates in recent weeks, market […]
Sri Lanka private sector credit up in November
Jan 18, 2010 (LBO) – Sri Lanka’s private sector loans surged 11. 7 billion rupees to 1,188 billion in November 2009, as rates fell to levels that stimulated credit demand, central bank governor Nivard Cabraal said. The Central bank has also pushed banks to lend in former war torn northern and eastern areas approving new […]
Sri Lanka anchor currency inflation up
Jan 18, 2010 (LBO) – Consumer inflation in the United States, to whose currency the Sri Lanka rupee is tightly pegged, rose to 2.7 percent in December 2009 from a year earlier according to the latest data, as the island’s inflation also moved up. Sri Lanka has been quantity tightening from April 2009 by selling […]
Sri Lankan stocks close 0.97-pct down on retail profit taking
Jan 18, 2010 (LBO) – Sri Lankan shares closed lower Monday as retailers took profits, while Hatton National Bank (HNB) and DFCC Bank sold out of Lanka Ventures to Acuity Partners, an investment bank, brokers said. The All Share Price Index closed at 3,528. 55, down 0.97 percent (34.59 points while the Milanka index of […]
Liberty
Jan 18, 2010 (LBO) – The first part of a series of forex control relaxations announced in January will be implemented from February 01, Central Bank Governor Nivard Cabraal said. Cabraal announced a sweeping easing of existing exchange controls on January 04, as part of a monetary policy direction for 2010. Relaxation “We announced measures […]
Sri Lanka air cargo volumes hit life high in Dec 09
Jan 18, 2010 (LBO) – Cargo volumes at Sri Lanka’s main international airport have hit a life high in December 2009, topping a previous record in 2006, the island’s state-run national carrier which operates the terminal said. Sri Lankan Airlines which operates the cargo terminal at Bandaranaike International Airport in Katunayake said 23 airlines had […]
US hopes for better relations with Sri Lanka
WASHINGTON, January 18, 2010 (AFP) – Sri Lanka’s upcoming election is raising hopes in the United States for better relations after a chilly spell if the island turns the page on a bloody war that brought international opprobrium. The January 26 election comes months after troops killed the top leadership of the Tamil Tigers, ending […]
Key Bail
Jan 17, 2010 (LBO) – Sri Lanka’s Supreme Court has granted bail to the chief executive and a director of the failed Golden Key Credit Card Company and ordered more asset seizers to repay depositors, a media report said. The Sunday Island newspaper said Kavan Perera, chief executive of Golden Key and Saradha Sumanasekera, director […]
Disaster Relief
LEOGANE, January 16, 2010 (AFP) – A first shipment of UN food aid arrived on Saturday in the ruined Haitian town of Leogane, where street after street of homes and businesses was torn apart by this week’s devastating earthquake. Just 17 kilometres (10 miles) west of the capital Port-au-Prince, Leogane was close to the epicentre […]
Sri Lanka orders tighter security after campaign shootings
January 17, 2010 (AFP) – Sri Lanka’s president ordered police to step up security ahead of presidential elections after a second political activist was shot dead this month, an official said Sunday. The ruling party supporter was killed on Saturday in the north-western Puttalam district where several others were injured when they clashed with opposition […]