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Sri Lanka central bank keeps policy rates steady at record lows

Sri Lanka's central bank kept key policy rates steady at record lows for a 12th straight month on Tuesday, as expected, and said inflation was expected to ease further with the economy expected "to record a robust performance" in the period ahead. It left the standing deposit...

A Crisis of Trust

If equity analysts at Sri Lankan investment banks and brokerages had any of their pay linked to performance last year, many would have ended up being rather poorly paid. When the market reached its heady high of 7,700 index points and trailing price to earnings ratios were...

Sri Lanka’s next stock rally could be driven on oil hopes: analyst

Sri Lanka's next stock rally could be driven by the discovery of a commercially viable deposit of oil, which will renew interest in the country, an analyst who correctly called the end of the last stock bubble has said. Amal Sanderatne, head of Frontier Research, a consultancy...

Economy: heading for a bubble?

The turbo-charged performance of the stock market and the euphoria over the numbers that reflect a remarkable revival of the economy and the corporate sector tend to hide the ugly reality that the majority of the people in the country are not enjoying the fruits of the market...

Lankan companies optimistic about future

Companies are expecting strong growth and increased opportunities from the peace dividend in the coming year, according to a survey conducted by MTI Consulting of Chief Financial Officers (CFOs). At a Corporate Finance Forum this week, MTI Chief Executive Officer Hilmy Cader...