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Sri Lanka news, economy and business from Lanka Business Online
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Sri Lanka news, Sri Lanka business, lbo, lanka business, online news
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Sri Lanka business news, sri lanka news, sri lanka economy and sri lanka stocks on lanka business online
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Sri Lanka news, economy and business from Lanka Business Online </title>
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<span id="spnhmdt">Mon, 26 March 2012</span> <span style="color:#191919;">08:56:59</span>
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<div class='leftmnitm' ><a href='showsubcategory.php?cc=1&t=s&nm=Economy' class='leftmnitm'>Economy</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=02&t=m&nm=Finance' class='leftmnitm' >Finance</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=2&t=s&nm=Banking and Finance' class='leftsmnitm' >Banking and Finance</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=41&t=s&nm=Insurance' class='leftsmnitm' >Insurance</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=03&t=m&nm=Opinion' class='leftmnitm' >Opinion</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=23&t=s&nm=The Thrift Column' class='leftsmnitm' >The Thrift Column</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=24&t=s&nm=Choices' class='leftsmnitm' >Choices</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=51&t=s&nm=WatchTower' class='leftsmnitm' >WatchTower</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=04&t=m&nm=Services' class='leftmnitm' >Services</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=7&t=s&nm=Shipping and Transport' class='leftsmnitm' >Shipping and Transport</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=10&t=s&nm=General Services' class='leftsmnitm' >General Services</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=12&t=s&nm=Tourism' class='leftsmnitm' >Tourism</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=40&t=s&nm=Aviation' class='leftsmnitm' >Aviation</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=42&t=s&nm=Trade' class='leftsmnitm' >Trade</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=5&t=s&nm=ICT' class='leftmnitm'>ICT</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=06&t=m&nm=Energy' class='leftmnitm' >Energy</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=4&t=s&nm=Petroleum' class='leftsmnitm' >Petroleum</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=45&t=s&nm=Power' class='leftsmnitm' >Power</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=07&t=m&nm=Industry' class='leftmnitm' >Industry</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=17&t=s&nm=General Industry' class='leftsmnitm' >General Industry</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=46&t=s&nm=Apparel' class='leftsmnitm' >Apparel</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=09&t=m&nm=Markets' class='leftmnitm' >Markets</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=13&t=s&nm=Companies and Markets' class='leftsmnitm' >Companies and Markets</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=15&t=s&nm=Bonds Money and Forex' class='leftsmnitm' >Bonds Money and Forex</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=11&t=s&nm=Legal' class='leftmnitm'>Legal</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=14&t=s&nm=Agriculture' class='leftmnitm'>Agriculture</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=49&t=s&nm=Environment' class='leftmnitm'>Environment</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=20&t=s&nm=Special Reports' class='leftmnitm'>Special Reports</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=14&t=m&nm=Politics/Defence ' class='leftmnitm' >Politics/Defence </a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=27&t=s&nm=Elections' class='leftsmnitm' >Elections</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=33&t=s&nm=Politics' class='leftsmnitm' >Politics</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=48&t=s&nm=Defence' class='leftsmnitm' >Defence</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=34&t=s&nm=Sports' class='leftmnitm'>Sports</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=50&t=s&nm=South Asia' class='leftmnitm'>South Asia</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=35&t=s&nm=World' class='leftmnitm'>World</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=31&t=s&nm=Budget' class='leftmnitm'>Budgets</a></div><div class='leftmnitm' ><a href='showsubcategory.php?cc=20&t=m&nm=Miscellaneous' class='leftmnitm' >Miscellaneous</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=22&t=s&nm=In Brief' class='leftsmnitm' >In Brief</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=25&t=s&nm=In Pictures' class='leftsmnitm' >In Pictures</a></div><div class='leftsmnitm'><a href='showsubcategory.php?cc=38&t=s&nm=In View' class='leftsmnitm' >In View</a></div> </div>
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<span class="leadtitle">Expert Evidence:</span>
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<span class ="leaddate" >Mar 26</span>
<span class="leaddate" style="padding-left:3px;">06:52:18</span>
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<a href="fullstory.php?nid=10674706" class="leadstrap">
<div >
<span >Mar 26, 2012 (LBO) - I like the fact that the present government gets things done. The planning for the Southern Expressway started in 1988. It was completed in 2011, over budget, a few years late and with some shortcomings. But, most importantly, it was completed.</span>
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<div style="float:left;width:149px;">
<div style="position:relative;float:left;">
<div style="clear:left;">
<span class="leadtitle">American Indulgence:</span>
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<div>
<span class ="leaddate" >Mar 25</span>
<span class="leaddate" style="padding-left:3px;">07:39:34</span>
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<div>
<a href="fullstory.php?nid=2006890066" class="leadstrap2">
Sri Lanka gets US concession on Iran oil imports: report </a>
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<div style="width:310px;float:left;padding-left:10px;padding-top:5px;background-color:#f7f7f7;" >
<div style="clear:left;padding-bottom:4px;">
<a href="fullstory.php?nid=908082021" class="trdlead">
<strong>Currency Effect : </strong>
High dollar, weaker prices hurting Aussie farmers </a>
</div>
<div style="clear:left;padding-bottom:4px;">
<a href="fullstory.php?nid=1795096206" class="trdlead">
<strong>Tariff Choice : </strong>
Indonesia raises export tax on crude palm oil </a>
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<a class="linkmore" href="showsubcategory.php?cc=35&t=s&nm=World">More World News</a> </div>
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<div class="spacerln" > </div>
<div id='smlbnr2' ></div>
<div class="spacerln" > </div>
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<div style="clear:both;">
<div class="newsleftcol">
<a href="fullstory.php?nid=542943439" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Management Method : </span>
<span >Sri Lanka told proper economic management key to prosperity</span>
</a>
</div>
<div class="newsrightcol">
<a href="fullstory.php?nid=1372057966" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Profit Progress : </span>
<span >Sri Lanka corporate earnings growth seen losing steam</span>
</a>
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</div>
<div style="clear:both;">
<div class="newsleftcol">
<a href="fullstory.php?nid=92152775" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Wheels Trend : </span>
<span >Sri Lanka car imports growth tapers off</span>
</a>
</div>
<div class="newsrightcol">
<a href="fullstory.php?nid=1063083287" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Trading Friday : </span>
<span >Sri Lanka shares end up 1.4-pct</span>
</a>
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<div style="clear:both;">
<div class="newsleftcol">
<a href="fullstory.php?nid=1537905412" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Timely Payment : </span>
<span >Sri Lanka People's Leasing commercial paper rated 'F1(lka)'</span>
</a>
</div>
<div class="newsrightcol">
<a href="fullstory.php?nid=326515357" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Engineering Source : </span>
<span >Sri Lankan companies seek Indian machinery suppliers</span>
</a>
</div>
</div>
<div style="clear:both;">
<div class="newsleftcol">
<a href="fullstory.php?nid=1099228157" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Finance Rating : </span>
<span >Sri Lanka Bartleet Finance retains BBB- rating</span>
</a>
</div>
<div class="newsrightcol">
<a href="fullstory.php?nid=372515101" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Energy Enthusiasm : </span>
<span >Sri Lanka Mackwoods Energy share issue oversubscribed</span>
</a>
</div>
</div>
<div style="clear:both;">
<div class="newsleftcol">
<a href="fullstory.php?nid=4102099" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Business Degree : </span>
<span >Sri Lanka sets up school of business management</span>
</a>
</div>
<div class="newsrightcol">
<a href="fullstory.php?nid=2050482260" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Rupee Moves : </span>
<span >Sri Lanka rupee opens weaker</span>
</a>
</div>
</div>
<div style="clear:both;">
<div class="newsleftcol">
<a href="fullstory.php?nid=1449426846" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Banking Access : </span>
<span >Indian banks should open 25% branches in unbanked areas: RBI</span>
</a>
</div>
<div class="newsrightcol">
<a href="fullstory.php?nid=1906624838" class="newstitle">
<span style="font-weight:bold;color:#2e2e2e;">Bond Bid : </span>
<span >Sri Lanka mulls 10-yr sovereign bond</span>
</a>
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</div>
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<div id='smlbnr3'></div>
<div class="spacerln" > </div>
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<div id="divthrift"> <div class="chbg">
<div class="chhead">THE THRIFT COLUMN</div>
<div style="line-height:5px;"> </div>
<div class="chline">
<a href="fullstory.php?nid=341102321" class="thriftstrap" >
Sri Lanka has to keep policy tight for exchange rate stability: fuss-budget </a>
</div>
<div class="chline">
<a href="fullstory.php?nid=334689400" class="thriftstrap" >
Sri Lanka heads deeper into BOP trouble: fuss-budget </a>
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<div id="divchoices" > <div class="chbg">
<div class="chhead">CHOICES</div>
<div style="line-height:5px;"> </div>
<div class="chline" >
<a href="fullstory.php?nid=10674706" class="thriftstrap" >
Evidence and leadership in transport policy: Sri Lanka and Canada </a>
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<div class="chline" >
<a href="fullstory.php?nid=1557688517" class="thriftstrap" >
Improving Sri Lanka’s airport experience </a>
</div>
</div>
</div>
<div id="divanalysis" > <div class="chbg">
<div class="chhead">ANALYSIS</div>
<div style="line-height:5px;"> </div>
<div class="chline">
<a href="fullstory.php?nid=1777572476" class="thriftstrap" >
Sri Lanka Central Bank, retrospect 1950 to 2010 </a>
</div>
<div class="chline">
<a href="fullstory.php?nid=933611727" class="thriftstrap" >
Sri Lanka central bank-run fund's investment debate </a>
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<div style="width:315px;float:left;margin-left:10px;"> <div class="hmrcnthd"><span style="color:#000000;">RECENT</span> NEWS</div>
<div class="hmrcntln" >
<a href="fullstory.php?nid=1261410700" class="newstitle">
<strong>Policy Position : </strong>Sri Lanka bank 'moralsuasion' may need strengthening: Treasury Secy </a>
</div>
<div class="hmrcntln" >
<a href="fullstory.php?nid=350953829" class="newstitle">
<strong>Currency Move : </strong>Sri Lanka expects rupee to stabilise below 125 to the dollar </a>
</div>
<div class="hmrcntln" >
<a href="fullstory.php?nid=1729598579" class="newstitle">
<strong>Leaf Trends : </strong>Sri Lanka February tea output falls </a>
</div>
<div class="hmrcntln" >
<a href="fullstory.php?nid=231469712" class="newstitle">
<strong>Rupee Moves : </strong>Sri Lanka rupee weaker </a>
</div>
<div class="hmrcntln" >
<a href="fullstory.php?nid=567650895" class="newstitle">
<strong>Finance Outlook : </strong>Sri Lanka finance firms revive but margins seen thinning </a>
</div>
<div class="hmrcntln" >
<a href="fullstory.php?nid=726286770" class="newstitle">
<strong>Currency Pressure : </strong>Sri Lanka credit growth, import demand slowing: central bank </a>
</div>
<div class="hmrcntln" >
<a href="fullstory.php?nid=1692696531" class="newstitle">
<strong>Bad Times : </strong>Sri Lanka set to lose Kingfisher connections </a>
</div>
<div style="height:10px;padding-top:4px;"><a href="morenews.php?homenews= xyz099xyz<>'10674706' and xyz099xyz<>'2006890066' and xyz099xyz<>'908082021' and xyz099xyz<>'1795096206' and xyz099xyz<>'542943439' and xyz099xyz<>'1372057966' and xyz099xyz<>'92152775' and xyz099xyz<>'1063083287' and xyz099xyz<>'1537905412' and xyz099xyz<>'326515357' and xyz099xyz<>'1099228157' and xyz099xyz<>'372515101' and xyz099xyz<>'4102099' and xyz099xyz<>'2050482260' and xyz099xyz<>'1449426846' and xyz099xyz<>'1906624838' and xyz099xyz<>'1261410700' and xyz099xyz<>'350953829' and xyz099xyz<>'1729598579' and xyz099xyz<>'231469712' and xyz099xyz<>'567650895' and xyz099xyz<>'726286770' and xyz099xyz<>'1692696531'" class="linkmore"> More recent news</a></div>
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<div id="c1RR">
<div> <div style="width:100%;"><img src="images/market_watch.gif" alt="mw"/></div>
<div >
<div ><a href="javascript:showMW('mwbills')" onmouseover="showMW('mwbills')"><img src="images/bills_&_bonds.gif" border="0" /></a></div>
<div id="mwbills" >
<div style="text-align:right;"><img src="images/bb_t_y.gif" ></div>
<div class="bline" style="clear:left;" >
<span class="blsp1">3 mon</span>
<span class="blsp2" >10.75</span>
<span class="blsp3">10.42</span>
</div>
<div >
<span class="blsp1">6 mon</span>
<span class="blsp2"></span>
<span class="blsp3">10.46</span>
</div>
<div class="bline" >
<span class="blsp1">12 mon</span>
<span class="blsp2">11.11</span>
<span class="blsp3">10.76</span>
</div>
<div >
<span class="blsp1" >2 years</span>
<span class="blsp2"></span>
<span class="blsp3"></span>
</div>
<div class="bline" >
<span class="blsp1" >3 years</span>
<span class="blsp2"></span>
<span class="blsp3" ></span>
</div>
<div class="cline">
<span> <strong>Source: CBSL</strong></span>
</div>
</div>
</div>
<div>
<div ><a href="javascript:showMW('mwovernights')" onmouseover="showMW('mwovernights')"><img src="images/over_night_rates.gif" border="0" /></a></div>
<div id="mwovernights" >
<div style="text-align:right;background-color:#cedfe1;"><img src="images/onr_todayweek.gif" width="88" height="15" ></div>
<div style="background-color:#f3fafb;">
<span style="float:left;width:55px;"><strong> SLIBOR</strong></span>
<span style="float:left;width:40px;">9.36</span>
<span >9.41</span>
</div>
<div style="background-color:#cedfe1;">
<span style="float:left;width:55px;"><strong> Call</strong></span>
<span style="float:left;width:40px;">9.28</span>
<span>9.33</span>
</div>
<div style='clear:left;'>
<span><strong> Source: CBSL</strong></span>
</div>
</div>
</div>
<div >
<div ><a href="javascript:showMW('mwstock')" onmouseover="showMW('mwstock')"><img src="images/stock.gif" border="0" /></a></div>
<div id="mwstock">
<div class="mvsttimg" ><img src="images/left_stock.gif" width="90" height="15"></div>
<div style="background-color:#c9dbde;" >
<span class="stsp1" > ASPI</span>
<span class="stsp2" >5,422.33</span>
<span style="float:left;width:5px;"><img src="images/arro_up.gif" width="6" height="9"/></span>
<span class="stsp3" >1.36</span>
</div>
<div style="background-color:#f3f6f7;" >
<span class="stsp1" > MPI</span>
<span class="stsp2" >4,780.82</span>
<span style="float:left;width:5px;"><img src="images/arro_up.gif" width="6" height="9"/></span>
<span class="stsp3" >1.40</span>
</div>
<div style="background-color:#c9dbde;">
<span class="stsp1"> Midcap</span>
<span class="stsp2">7,519.41</span>
<span style="float:left;width:5px;"><img src="images/arro_up.gif" width="6" height="9"/></span>
<span class="stsp3" >2.97</span>
</div>
<div style="position:relative;clear:left;background-color:#f3f6f7;"><span>Sales Rs927mn</span> </div>
<div class="cline">
<span><strong>Source: CSE</strong></span>
</div>
</div>
</div>
<div >
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<div style="text-align:right;"><img src="images/currencies_y_t.gif" ></div>
<div>
<span class="crsp1"></span>
<span class="crsp2">SL Rs.</span>
<span class="crsp3">SL Rs.</span>
</div>
<div class="cline">
<span class="crsp1">$</span>
<span class="crsp2">132.08</span>
<span class="crsp3">132.23</span>
</div>
<div>
<span class="crsp1"><img src="images/en.gif" ></span>
<span class="crsp2">209.66</span>
<span class="crsp3">210.56</span>
</div>
<div class="cline">
<span class="crsp1"><img src="images/euro.gif" ></span>
<span class="crsp2">175.23</span>
<span class="crsp3">175.87</span>
</div>
<div>
<span class="crsp1"><img src="images/yen.gif" ></span>
<span class="crsp2">1.6059</span>
<span class="crsp3">1,5988</span>
</div>
<div class="cline">
<span><strong>CBSL ( bank selling rates)</strong></span>
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<div class="econline"><a href="fullstory.php?nid=542943439" class="newstitle"><strong>Management Method : </strong>Sri Lanka told proper economic management key to prosperity</a></div>
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