Sri Lanka’s Fitch affirms Singer at ‘A-(lka)’; outlook stable
May 29, 2015 (LBO) - Sri Lanka's Fitch Ratings has affirmed Singer (Sri Lanka) national long term rating at 'A-(lka) with a stable outlook. Singer's rating …
Sri Lanka’s foreign reserves moving towards USD 9 bn: Ravi Karunanayake
May 29, 2015 (LBO) – Sri Lanka's government plans to increase the Island’s foreign reserves to 9 billion US dollars, Finance Minister Ravi Karunanayake …
Sri Lanka raise USD 988mn in sovereign and development bonds: CB
May 29,2015 (LBO) - The Central Bank of Sri Lanka (CBSL), on behalf of the government successfully launched and priced a 650 million US dollar, 10-year …
Sri Lanka to probe highway corruption
May 29, 2015 (LBO) –Sri Lanka's new rulers plan to establish a corruption investigation unit in the field of highways to probe any defects in …
Sri Lanka to obtain USD60mn loan from OPEC for road rehabilitation
May 29, 2015 (LBO) – Sri Lanka will obtain a loan facility of US 60 million dollars from the development fund of Oil Producing and Exporting Countries (OPEC) …
Sri Lanka sign USD107mn deal for road development with ADB
May 29, 2015 (LBO) – Sri Lanka’s government signed a US 107 million dollar road development loan agreement with the Asian Development Bank (ADB), the bank …
Sri Lanka’s US dollar bond rated ‘BB-(EXP)’: Fitch
May 29, 2015 (LBO) - Fitch Ratings has assigned Sri Lanka's forthcoming US dollar denominated bonds an expected rating of 'BB-(EXP)'. The full statement …
Sri Lanka to fill 33 vacancies of mission heads soon; 17 from Sri Lanka Foreign Service
May 29, 2015 (LBO) - Sri Lanka's Foreign Ministry says they have already identified 33 persons to be appointed as new Heads of Missions and is in the process …
Sri Lanka stocks close higher 0.03-pct
May 28, 2015 (LBO) – Sri Lanka’s stocks closed higher 0.03 percent with foreigners continuing to be net sellers for a third consecutive day, brokers said. …
Sri Lanka to form a committee to discuss and finalize 20th amendment
May 28, 2015 (LBO) – Sri Lanka’s cabinet spokesman said that, a committee will be formed including the President, Prime Minister, interested parties in the …
Sri Lanka to develop BIA infrastructure facilities with Rs49bn of Japan funding
May 28, 2015 (LBO) – Sri Lanka plan to the develop essential infrastructure facilities of Bandaranaike International Airport with Japan funding of 48,969 …
Sri Lanka’s CSE says 25-pct price appreciation in 28 companies
May 28, 2015 (LBO) - Sri Lanka's stock exchange has witnessed a number of stocks appreciate in price during the first few months of this year, with nearly 87 …
Lux launches limited edition fragrance soap collection in Sri Lanka
May 28, 2015 (LBO) - Lux on Wednesday unveiled their latest Lux star collection, a limited edition collection co-created with Deepika Padukone and with a new …
Sri Lanka keen to attract German investments: Minister
May 28, 2015 (LBO) – Sri Lanka is keen to attract German investments due to their high standards of manufacturing, a Minister said in a statement. “With …
Sri Lanka manufacturer puts up Rs80mn roofing products factory supported by USAID
May 28, 2015 (LBO) – Sri Lanka’s roofing products manufacturer, Building Solutions on Wednesday commenced operations at a new eco-friendly roofing products …
Indian Tata Group representatives meet Sri Lanka’s Finance Minister
May 27, 2015 (LBO) - Sri Lanka's Finance Minister Ravi Karunanayake on Wednesday met representatives from Indian Tata Group, at the Ministry. online pharmacy …
Sri Lanka stocks close down despite T-Bill yield drop and dividend announcements
May 27, 2015 (LBO) – Sri Lanka’s stocks closed lower for a third consecutive day despite a Treasury bill rate drop with investors taking profits, brokers …
Maldivian hotel operator to build a water villa in North West Coast, Sri Lanka
May 27, 2015 (LBO) – A Maldivian Hotel operator, Sun Siyam said that it plans to develop an overwater villa resort in Kalpitiya, Sri Lanka as the hotel plans …
Sri Lanka Treasury bill yields dropped: Central Bank
May 27, 2015 (LBO) - Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with 3-months yield dropping 01 basis points to 6. online pharmacy …
Sri Lanka’s phone market shifts to smart phone rapidly: Samsung Official
May 27, 2015 (LBO) - Sri Lanka’s mobile phone market is seeing a rapid shift towards the smart phone segment, a Samsung official said. “The total mobile …