Sri Lanka rupee tops 112.00 to the greenback
Sept 27, 2010 (LBO) – Sri Lanka’s rupee soared above 112.00 rupees to the greenback Monday the highest since December 2008, when the country was in …
Money
Sri Lanka central bank holds policy rates steady
Sept 21, 2010 (LBO) – Sri Lanka’s central bank said it has decided to hold policy interest rates steady at a meeting Tuesday given falling market …
Sri Lanka opens state agency debt to foreign buyers
Sept 10, 2010 (LBO) – Sri Lanka’s Urban Development Authority (UDA), a state agency, has launched a 5-year bond to raise 10 billion rupees and 30 …
Sri Lanka appoints rating advisors
July 16, 2010 (LBO) – Sri Lanka has appointed Hongkong and Shanghai Banking Corporation Ltd, Bank of America Merrill Lynch and The Royal Bank of Scotland …
Sri Lanka to appoint rating advisor: report
July 01, 2010 (LBO) – Sri Lanka will appoint an international investment bank as a ‘rating advisor’ next month ahead of a US dollar …
Hong Kong gold closes at record high
HONG KONG, June 21, 2010 (AFP) – Gold closed at a record high above 1,264 dollars an ounce in Hong Kong on Monday as the greenback weakened against Asian …
Sri Lanka CB appoints top committee to boost sovereign rating
June 10, 2010 (LBO) – A committee made up of top central bank, finance ministry and private sector representatives had been appointed to develop strategy …
Sri Lanka to remove tax on foreign currency note imports: minister
June 03, 2010 (LBO) – The Sri Lankan government is to remove taxes totaling up to 22 percent on import of foreign currency notes in an effort to curb …
Euro plunges to 19-month low in Asia
TOKYO, May 17, 2010 (AFP) – The euro slid to its lowest level since October 2008 in volatile Tokyo trade Monday as persistent fears over eurozone debt …
Sri Lanka Treasuries flat ahead of traditional New Year
Apr 12, 2010 (LBO) – Sri Lanka’s Treasury bills yields were flat at Monday’s auction, held early ahead of a two-day holiday for a traditional …
Sri Lanka foreign reserves US$5.1bn in January
Apr 09, 2010 (LBO) – Sri Lanka’s foreign reserve rose slightly to 5,135 million US dollars in January 2010 from 5,096 million US dollars in …
Sri Lanka to issue coin to replace note
Apr 05, 2010 (LBO) – Sri Lanka will issue a new ten rupee coin from April 05, to replace a note of a similar denomination now in circulation, the Central …
Sri Lanka grey market dollar premium high
Mar 31, 2010 (LBO) – Foreign exchange premiums in Sri Lanka’s kerb or black market have widened in recent months to about three rupees above the …
Sri Lanka short term treasuries up
Mar 30, 2010 (LBO) – Sri Lanka short term Treasuries edged up slightly Wednesday but signs of further quantity easing emerged with only a part of a …
Sri Lanka retirement fund gives 10-pct return for 2009
Mar 25, 2010 (LBO) – Sri Lanka’s Employees’ Provident Fund gave members a real rate of interest of 10.01 percent in 2009 with annual average …
Sri Lanka warned against excessive foreign reserves
Mar 24, 2010 (LBO) – Holding large foreign exchange reserves could actually be a burden for Sri Lanka’s government and deny funds from badly needed …
Sri Lanka rejects bids at Treasuries auction
Feb 11, 2010 (LBO) – Sri Lanka has rejected all bids at the Treasuries auction Wednesday which offered to roll over 10.5 billion rupees of maturing, …
Sri Lanka rupee strengthens against greenback
Mar 11, 2010 (LBO) – Sri Lanka rupee strengthened to 114.0 to the greenback with the spot dollar quoted at 113.95/114.05 with banks unwilling to hold …
Sri Lanka’s foreign commercial debt more than doubles in 2009
Mar 05, 2010 (LBO) – Sri Lanka’s foreign commercial debt has risen dramatically in 2009 as lender confidence increased after a deal with the …
Sri Lanka saltern seeks listing: report
Feb 28, 2010 (LBO) – A Sri Lankan saltern is planning to raise 200 million rupees from a public offering of equity to expand its capacity and build a new …