Sri Lanka rupee weakens to new life low
April 01, 2009 (LBO) – The Sri Lanka rupee traded at a new low of 116.10 rupees against the greenback Wednesday dealers said, heightening expectations of …
Money
Sri Lanka spends US$240mn in peg defence in Feb09
Mar 28, 2009 (LBO) – Sri Lanka has spent 240 million US dollars in February 2009 defending a dollar peg in an ill-fated exercise that has already drained …
Sri Lanka rupee weakens in volatile trade
Mar 27, 2009 (LBO) – Sri Lanka rupee fell to 115.35/50 levels against the greenback in intra-day trading Friday with heavy buying from foreign banks …
Sri Lanka’s foreign reserves fall to US$1.4bn in Jan 09
Mar 18, 2009 (LBO) – Sri Lanka’s gross official reserves fell to 1,415 million US dollars from 1,753.4 million dollars in December 2008, which was …
Sri Lanka to give one month money to banking system
Mar 05, 2009 (LBO) – Sri Lanka’s central bank said it will extend the term of its liquidity facilities, which are now limited to only overnight …
Sri Lanka rupee intervention rate lowered
Feb 26, 2009 (LBO) – An intervention rate quoted by a state bank in Sri Lanka’s US dollar spot market was raised to 114.25 rupees from 113.85 …
Sri Lanka rupee falls to 114.80 in bizarre trade; Bill stock Rs184bn
Feb 25, 2009 (LBO) – The Sri Lanka rupee fell to a new low of 114.80 against the US dollar in value tomorrow trade with buying from a state bank, while …
Sri Lanka rupee dips to new low
Feb 16, 2009 (LBO) – The Sri Lanka rupee hit a new low of 114.30 against the US dollar with aggressive buying from a state bank Monday, while another …
Sri Lanka fund manager to arbitrage risk anomaly
Feb 11, 2009 (LBO) – A fund management firm founded by senior Sri Lankan bankers say it can bridge the gap between low yielding bank deposits and risky …
Sri Lanka targets US$500mn from diaspora: CB Governor
Feb 02, 2009 (LBO) – Sri Lanka is planning to sell 500 million dollars of government securities to the diaspora community in 2009 with a road show to be …
Sri Lanka central bank to swap rupees for dollars
Feb 02, 2008 (LBO) – Sri Lanka’s Central Bank is negotiating with friendly central banks to swap rupees for dollars, to boost the country’s …
Sri Lanka JKH profits drop 44-pct
Jan 29, 2009 (LBO) – Profits at Sri Lanka’s John Keells Holdings group fell 44 percent to 764 million rupees in the December 2008 quarter, with …
Sri Lanka banks asked to suspend oil derivatives by central bank
Jan 28, 2009 (LBO) – Sri Lanka’s central bank says it has asked commercial banks which sold oil derivatives to state-run Ceylon Petroleum …
Sri Lanka court allows oil derivative payments
Jan 27, 2009 (LBO) – Sri Lanka’s Supreme Court has ended a freeze on payments by state-run Ceylon Petroleum Corporation to commercial banks on …
Sri Lanka spends US$125mn defending rupee in December
Jan 19, 2009 (LBO) – Sri Lanka has spent 125 million US dollars defending the rupee in foreign exchange markets in December in a month that saw the rupee …
Sri Lanka oil derivative case takes new turn
Jan 13, 2008 (LBO) – Public interest litigants who petitioned Sri Lanka’s Supreme Court to halt payments on oil derivatives have said they are …
Sri Lanka central bank cuts penal rate by 200 basis points to 17%
Jan 12, 2009 (LBO) – Sri Lanka’s central bank said it had cut the rate on its unrestricted discount window by 200 basis points to 17 percent, with …
Sri Lanka foreign reserves at US$2,030mn in November
Jan 07, 2008 (LBO) – Sri Lanka’s foreign reserves fell to 2,030 million US dollars in November 2008, from 2,374 million in October, which was …
Sri Lanka offers govt. securities to expatriate workers
Jan 07, 2009 (LBO) – Sri Lanka has appointed five domestic banks and a primary dealer of government securities as lead managers to sell gilts to …
Sri Lanka negotiating currency swaps with foreign central banks: CB Governor
Jan 06, 2009 (LBO) – Sri Lanka’s is negotiating with foreign central banks to establish swap arrangements to increase its access to foreign …