Inflation up in December »
By Devan Daniel
Inflation for December increased to 4.8 percent from 2.8 in November while the annual average rate of inflation settled at 3.4 percent, the lowest on record, according to available data since 2007 released by the Central Bank.
The point-to-point change in Inflation peaked at 28.2 percent in June 2008, but gradually declined before reaching [...]
Gold sets new price record »
Gold has been breaking records over recent days and weeks amidst global financial fears [AP]
The price of gold has struck a record high level in trading in British capital, London.
Gold hit $1,215.85 on the London Bullion Market on Wednesday just after breaking through the $1,200 barrier for the first time on the previous day.
Gold [...]
Shares up from two week low »
COLOMBO (Reuters): Sri Lankan shares rose on Friday from an over two-week low, snapping a seventh straight fall as cautious investors bought battered shares in thin trade even as political uncertainty weighed on investor confidence.
The All-Share Price Index of the Colombo Stock Exchange rose 1.01 percent or 28.73 points to 2878.96, from its lowest since [...]
Market volatile as caution prevails »
Stocks at the Colombo Stock Exchange (CSE) had an eventful and volatile week due to events that took place in New York and Brussels. On the evening of October 16 (Friday), while the markets were closed in Colombo, Raj Rajaratnam and five others were arrested on charges of insider trading and other related activities. The [...]
What to look for in gold and diamond buy »
With gold prices touching an all-time high and diamonds losing its value in the past six months, customers find the latter affordable this festive season.
The jewellery-buying spree, which commences during Navratri, reaches a crescendo on Dhanteras — the day traditionally considered auspicious for purchasing gold. Unlike past year, when buying activity was subdued, owing to [...]
Asia’s Biggest Economies Promise Greater Cooperation »
By THE ASSOCIATED PRESS
Published: October 11, 2009
BEIJING — Their economies enmeshed as never before, leaders from China, Japan and South Korea said over the weekend that they would explore the idea of a free-trade pact, inching toward deeper regional integration.
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Pool photograph by Jason Lee
President Hu Jintao of China, center, met [...]
Gold price rises to all-time high »
Gold spot price graph
The price of gold has hit a new all-time high of $1,043.77 an ounce after a decline in the dollar boosted the attractiveness of metals to investors.
Copper prices also rose above $6,000 a tonne, as the weaker dollar made metals cheaper for non-US investors.
The dollar fell after a newspaper report - later [...]
Colombo stocks –market activity intensifies; turnover low »
2009-09-23 16:44:45
Market activity somewhat intensified during Wednesday, but the turnover declined compared to the last few days at Rs 775 million, while indices made significant gains, analysts said.
Most shares were actively traded led by the premier conglomerate John Keells Holdings, but this share ended flat like yesterday at Rs 155.
Analysts said that there was Rs [...]
WB provides $ 75 m »
The World Bank last week approved a US$75 million IDA credit to Sri Lanka, which will support the second phase of a community driven development program that has touched the lives of nearly one million poor Sri Lankans in the three provinces of Uva, Southern, and Sabaragamuwa.
The Second Community Development and Livelihood Improvement Project, known [...]
Sri Lanka growth slows to 1.8 percent in first half »
Sri Lanka growth slows to 1.8 percent in first half
AFP/File –
Sri Lankan workers pack tea at a factory on the outskirts of Colombo in August 2009. Sri Lanka’s …
Mon Sep 14, 4:51 am ET
COLOMBO (AFP) – Sri Lanka’s economy grew 1.8 percent year on year in the first half of 2009, dragged down [...]
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