02/28/2011
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Bloomberg
Sri Lanka’s inflation accelerated to a 25-month high in February, which may curb the central bank’s scope to lower interest rates again.
11/30/2010
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Bloomberg
Sri Lanka’s inflation accelerated to a 21-month high in November, reducing the central bank’s scope to cut interest rates again.
11/22/2010
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Bloomberg, BusinessWeek
Nov. 22 (Bloomberg) -- Sri Lanka plans to cut corporate taxes and adopt an inflation target for its central bank, aiming to bolster growth and anchor price expectations in the South Asian economy emerging from a 26-year civil war.
08/12/2010
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Bloomberg
Sri Lanka’s foreign reserves have risen to a record $5.8 billion due to higher aid and investment flows, according to the head of the central bank’s economic research department.
08/04/2010
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Bloomberg
Sri Lanka plans to hire bankers this week to manage a proposed $1 billion overseas bond sale later this year, a central bank official said.
08/03/2010
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Bloomberg
Sri Lanka plans to sell $1 billion of sovereign bonds overseas this year to build infrastructure and repay high-cost local and foreign-currency debt.
07/23/2010
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Bloomberg
Sri Lanka’s stock market, the world’s second-best performer this year, may see a near threefold rise in share sales in the second half from the first six months amid rising investor demand, according to National Development Bank Plc.
07/21/2010
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Bloomberg
LR Global Partners, the New York- based money manager that specializes in developing markets, has set up an asset management unit in Sri Lanka to benefit from expanding economic growth after the end of the South Asian island’s 26-year civil war.
07/09/2010
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Bloomberg
July 9 (Bloomberg) -- Sri Lanka’s central bank unexpectedly cut its benchmark interest rates for the first time in eight months to support economic growth after the European Union withdrew trade concessions this week.
07/07/2010
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Bloomberg
July 7 (Bloomberg) -- Sri Lanka bought Emirates Airline’s stake in SriLankan Airlines for $53 million, about a third of the price that Dubai-based Emirates valued the stake at two years ago.