S.Lanka shares at new record high on growth, rates

Sri Lanka’s stock market .CSE hit a new record high on Tuesday led by domestic investor optimism over strong post-war economic growth, declining interest rates and easing inflation, analysts and traders said. The All-Share Price Index of the Colombo Stock Exchange jumped 1.88 percent firmer to 3,156.37 points, surpassing its previous all-time high of 3,115.25,… Continue reading S.Lanka shares at new record high on growth, rates

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S. Lanka shares at near-record high on economic hopes

Hopes of strong post-war economic growth with interest rates and inflation declining pushed Sri Lanka’s stock market .CSE to a near-record high on Thursday with heavy retail buying, analysts and traders said. The market jumped 2.35 percent to hit 3007.75 points, its highest since Feb. 27, 2007, before closing 2.01 percent or 58.96 points firmer… Continue reading S. Lanka shares at near-record high on economic hopes

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Sri Lanka unlikely to lose EU trade scheme yet-diplomats

The European Union is likely to let Sri Lanka keep a trade concession crucial to its apparel industry, while recommending it be revoked if the country does not improve its human rights record, diplomats said on Tuesday. The European Commission by mid-October is due to decide whether to recommend the Indian Ocean island nation retain… Continue reading Sri Lanka unlikely to lose EU trade scheme yet-diplomats

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PREVIEW-S.Lanka’s Sept CPI seen up, avg inflation at 6.6 pct

Sri Lanka’s year-on-yearconsumer price inflation is expected to have marginally risenfrom a record low in September due to increasing consumerdemand amid the island nation’s post-war economic recovery. The median forecast of nine analysts predicted Septemberconsumer prices will have risen to 1.0 percent, compared to itsrecord low 0.9 percent in August. Record world oil and commodity… Continue reading PREVIEW-S.Lanka’s Sept CPI seen up, avg inflation at 6.6 pct

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Sri Lanka’s released refugees moved to new camps

At least half the 10,000 war refugees the Sri Lankan government said it sent home last week are still being held in transfer camps in their home districts, refugees and the government said on Thursday. Also on Thursday, the U.N.’s top political official toured several camps including Menik Farm, the largest in Sri Lanka. Most… Continue reading Sri Lanka’s released refugees moved to new camps

ANALYSIS-Sri Lankan president’s political-military shuffle

To win a quarter-century war four of his predecessors could not, Sri Lankan President Mahinda Rajapaksa did what none of them would: gave the military near-unlimited power. But now that he has claimed victory over the Tamil Tiger rebels in one of Asia’s longest-running wars, Rajapaksa has moved quickly to diffuse the military’s influence as… Continue reading ANALYSIS-Sri Lankan president’s political-military shuffle

U.N.’s Ban raises alleged killings with S.Lanka aide

U.N. Secretary-General Ban Ki-moon raised with Sri Lanka’s human rights minister on Thursday allegations that his country’s troops summarily executed Tamil rebels, the United Nations said. British television aired a video last week that, according to a Sri Lankan advocacy group, shows the troops killing unarmed, naked, bound and blindfolded Tamils during the army’s final… Continue reading U.N.’s Ban raises alleged killings with S.Lanka aide