Sri Lanka News Updates with Discussions

http://www.lankabusinessonline.com/fullstory.php?nid=554523805

Foreign investors bought 216 million rupees worth shares and sold 97.0 million resulting in net buying of 119.0 million rupees, brokers said.

Ultimately Tamils in SL will only be taken care of by the GOSL

Sri Lanka Has Space for Monetary Policy Flexibility
http://www.bloomberg.com/apps/news?pid=20601091&sid=a6sK.37xpoBk#

The bank yesterday lowered the reverse repurchase rate to 11 percent from 11.5 percent, and cut the repurchase rate to 8.5 percent from 9 percent to help rebuild the South Asian nation after the end of almost three decades of civil war.

The Sri Lankan rupee rose 4.3 percent in May, gaining for the first time in six months, after the government declared victory over the LTTE. The currency was little changed at 114.93 per dollar at 9:20 a.m. in Colombo, according to data compiled by Bloomberg.

Cabraal said today that the inflation rate is coming down to close to 1 percent or 2 percent, which will help interest rates remain low in time to come.

diaspora can consider continuing their self molestation activities

Analysts said both foreign and local investors were heavily buying Keells shares due to expected post-war economic growth in the transport, cargo-handling and tourism sectors, in which the conglomerate has interests.

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSCOL5202320090617?rpc=401&

Sri Lanka's BOC reduces its interest rates
http://www.colom0page.com/archive_091/Jun1245152599CH.html

According to the BOC, they have decreased its borrowing rate by 2% while the interest rates for Fixed Deposits and Current Accounts have been reduced by 0.5%.

Ultimately Tamils in SL will only be taken care of by the GOSL

sk63

this is joke of the day, I almost cracked up there!

were you really friends with Dr. Neelan or just a classmate who did not take you seriously and you like to boast you were his friend