Czech eyes hydro power, sugar and aviation in Sri Lanka
May 09, 2016 (LBO) – Czech Republic is currently looking for trade and investment opportunities in Sri Lanka, a business delegation headed by Czech …
Commodity
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Sri Lanka’s trade gap narrows 9.1-pct in January 2016
May 06, 2016 (LBO) – Sri Lanka’s exports fell 2.5 percent to 893.9 million US dollars in January 2016 from a year earlier while imports fell at a faster …
Ceylon Petroleum losses rise despite falling oil prices
May 04, 2016 (LBO) - State-owned Ceylon Petroleum Corporation (CPC) made a substantial loss of 18.4 billion rupee in 2015 compared with a marginal profit of …
VAT goes up to 15 pct, threshold reduced: Finance Ministry
May 03, 2016 (LBO) - Sri Lanka's Value Added Tax (VAT) will be revised up to 15 percent from 11 percent from May 2nd, with pharmaceuticals and education …
No reason to keep exporter’s money abroad: Central Banker
Apr 28, 2016 (LBO) – Sri Lankan exporters do not have a clear reason to keep their money abroad as the Central Bank has already removed restrictions on …
Oil hits 6-month high, speculation on OPEC-Russia deal
Apr 28, 2016 (LBO) - Oil prices hit six month highs before dipping slightly on mixed reports about inventories. Brent Crude hit a high of 47.05 dollars, but is …
Sri Lanka exporters protest gazette on repatriation of funds
Apr 25, 2016 (LBO) - Sri Lankan exporters have begun to protest after the Finance Ministry issued a gazette notification requiring the repatriation of funds …
Sri Lanka tea sees better demand for high grown small leafs
Apr 20, 2016 (LBO) – Sri Lanka’s tea at auction offerings saw good demand all round with better demand for high grown small leaf teas, Forbes & Walker …
SEC to engage listed companies on Minimum Public Float
Apr 04, 2016 (LBO) - The Securities and Exchange Commission of Sri Lanka (SEC) with the participation of the Colombo Stock Exchange (CSE) will conduct a forum …
Brent oil up 5.5 pct, iron ore up 19 pct as commodities rally
Mar 08, 2016 (LBO) - Oil rose to a two-month high, up 5.5 percent, on a technical rally which is being closely watched by markets, as iron ore jumped 19 …
Sri Lanka exports, imports declines; trade gap widens in December 2015
Mar 04, 2016 (LBO) – Sri Lanka’s exports fell 18.7 percent to 817.5 million US dollars in December 2015 from a year earlier while imports fell at a slower …
Interview: Controlled tea liberalization possible, says Tea Board Chief
Jan 18, 2016 (LBO) - Better marketing and branding of Sri Lankan teas overseas, together with the potential for liberalising the industry, were just some of …
Global equities off to poor start, Brent crude at 11-year low
Jan 07, 2016 (LBO) - Global equity markets are off to their worst start since 2000, with a weaker Chinease yuan sparking concerns about the global economy, as …
Sri Lanka’s tea exports continue decline
Dce 08, 2015 (LBO) – Sri Lanka’s tea exports continued to decline in September 2015 severely affected by lower demand from main tea buyers in Russia and …
Oil prices drop to near 7-year low after OPEC meeting
Nov 08, 2015 (LBO) - Crude oil prices fell six percent to a near seven-year low after OPEC showed no signs of addressing a supply glut following a meeting on …
Several IPOs slated for CSE next year
Nov 25, 2015 (LBO) - Sri Lanka can expect three to four new IPOs on the Colombo Stock Exchange by the first quarter of next year, a CSE official told Lanka …
Sri Lanka to allow tea imports within regulatory framework: Fin Min
Nov 20, 2015 (LBO) – Sri Lanka plans to liberalize the tea industry through allowing tea to be imported into the country within a regulatory framework, …
Aitken Spence net down 38-pct amid fallen revenues
Nov 16, 2015 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation, said profits in the September 2015 …
Sri Lanka sets standard for plugs and socket outlets
Nov 16, 2015 (LBO) – Sri Lanka’s Public Utility Commission said that it has decided to create an enabling environment to systematically move to using one …
Tea Board to purchase auction tea until price stabilized
Nov 06, 2015 (LBO) – Sri Lanka’s Tea Board will purchase quality tea from the tea auction for the price of 430 rupees per kilogram until the price reaches …