“Sri Lanka needs effective management to retain ‘B1′ rating”, Moody says

Sri Lanka needs effective economic management to retain a positive outlook on its 'B1' rating according to Moody's Investors Services. In a credit analysis which also raised concerns over declining rule of law the ratings agency said economic growth rose to 8.0 percent in 2010 and 8.3 percent in 2012. In the report Moody’s said however that some …

S&P SL 20 replaces Milanka

The Colombo Stock Exchange says the Standard & Poor SL 20 index will replace the Milanka Price Index. Issuing a statement the CSE said the move will come to effect on the 1st January 2013.  International financial data and investment service provider Standard & Poor’s launched the new Sri Lanka index on the 26th of June this …

Facebook posts loss of $59m

Facebook has posted a loss of $59m despite seeing revenues rise 32% during the third quarter. The world's most popular online social network revealed that its income rose to $1.26bn, between July and September. The revenues exceeded expectations, but Facebook's performance remains in the red, following a loss of $157m in the previous quarter. …

Sri Lanka named among countries with most improved ease of doing business

Sri Lanka has been recognised as one of the 10 countries to have the most improved ease of doing business across several areas of regulation. The 'Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises' report issued by the World Bank and International Finance Corporation indicated Sri Lanka's rankings has improved from 89 …

“Common Wealth Business Council will benefit Sri Lanka”, Director General

Director General of Common Wealth Business Council Mohan Kaul says Sri Lanka's economy will benefit from the Commonwealth Business Forum. Speaking during the event held to mark the launch of the forum he said this is an invaluable opportunity for Sri Lanka.  0800 Yohan Kawul 12th

Reuters poll suggests CBSL will keep rates steady for a fifth straight month

The Central Bank of Sri Lanka is expected to keep interest rates steady for a fifth straight month tomorrow despite high inflation to help bolster economic growth, which has been cooling due to an extended drought. Twelve out of 13 analysts polled by Reuters expect the repurchase and reverse repurchase rates to be left unchanged at 7.75 percent …

Annual inflation rate may have hit double digits in August

Sri Lanka's annual inflation rate may have accelerated to near record high of 10.2 percent year-on-year in August as an extended drought pushed up food prices and as a weaker rupee aggravated import bills. According to a Reuters poll of 15 analysts, annual inflation is expected to have accelerated to its highest since January 2009, when it hit a …

Sri Lanka lost the finals an hour before it commenced

Bidding adieu to Pythagoras…

2011 GCE O/Level results to be delayed by a few days

IPL: Is the fat lady about to sing?

Of Men, Meat and Misinformation...