Sri Lanka’s central bank governor hailed the island nation’s ability to contain inflation and keep the currency stable as he sought to convince investors its economy is avoiding the pitfalls affecting neighboring India.
Colombo Stock Exchange trading won’t take place today as system recovery from a hardware failure, shortly after the open auction, was taking “much longer than expected”, according to a statement on its website.
Sri Lanka may sell shares in the local unit of Royal Dutch Shell Plc to the public and list it on the Colombo Stock Exchange, Cabinet Spokesman Keheliya Rambukwella told reporters in the capital today.
Ruvini Fernando , chief executive officer of Guardian Fund Management Ltd., which yesterday re- launched the U.S. dollar-denominated Sri Lanka Fund , comments on the South Asian island’s stock market and economy. Fernando spoke in a telephone interview from Colombo.