Sri Lanka foreign reserves US$1.36bn in February; rupee opens weaker
April 21, 2009 (LBO) – Sri Lanka’s gross foreign reserves in February 2009 were 1,369 million US dollars down from 1,415 million US dollars in …
Money
Sri Lanka IMF loan finalized within days: Central Bank Governor
April 21, 2009 (LBO) – The final touches to an International Monetary Fund loan would be wrapped up within days and the first tranche is expected in less …
Sri Lanka rupee weakens to new life low of 117.10 against greenback
April 20, 2009 (LBO) – Sri Lanka rupee fell steeply to 117.10 levels against the greenback Monday, after opening at 116.00/20 levels, with no …
Sri Lanka looks to raise US$500mn abroad
April 17, 2009 (LBO) – Sri Lanka is looking to raise 500 million dollars from international markets when conditions turn more favourable, while rolling …
Sri Lanka shares close up 1.9-pct; rupee weakens
Apr 17, 2009 (LBO) – Sri Lankan shares closed up 1.9 percent Friday, supported by retail interest on large cap stocks, while the rupee weakened to 116.00 …
Sri Lanka rupee has greater space for market determination: CB Governor
April 06, 2009 (LBO) – Sri Lankan Central Bank governor Nivard Cabraal said there was greater space for markets to determine the exchange rate, as the …
Sri Lankan stocks close up on slim turnover
Apr 03, 2009 (LBO) – Sri Lankan shares closed marginally up Friday due to low volume price gains on Hatton National Bank (HNB) and renewed retail …
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 …
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 …