Sri Lanka’s Comm Bank reports PBT of Rs.6.3Bn, up 21-pct
May 15, 2018 (LBO) - Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of 7.677 billion rupees and profit before tax of 6.337 billion …
Economy & Markets
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HNB Group records Rs7.2Bn PBT in Q1
May 15, 2018 (LBO) - Sri Lanka's Hatton National Bank reported a first quarter profit after tax growth of 22.5 percent to 4.5 billion rupees, while the Group …
Sri Lanka among most exposed countries to an interest rate shock: Moody’s
May 14, 2018 (LBO) – Moody’s Investors Service said the probability of an interest rate shock tends to be higher for Sri Lanka as the country is most …
Iranian companies to provide tech and engineering services to Sri Lanka
May 14, 2018 (LBO) - Iranian President Hassan Rouhani said that relations between Iran and Sri Lanka will be developed in all fields, stressing that the two …
Sri Lanka GDP will grow at 3.7-pct in Q1
May 14, 2018 (LBO) - Sri Lanka's will grow at 3.7 percent in the first quarter of 2018, althought this below the islands potential, the Governor of the …
ADB approves USD 100Mn additional funding to enhance job skills in Sri Lanka
May 11, 2018 (LBO) - The Asian Development Bank’s (ADB) has approved a US 100 million dollars results-based loan as additional financing for the Government …
Sri Lanka gross official reserves improved to USD9.9bn by end April
May 11, 2018 (LBO) – Sri Lanka's gross official reserve position had improved to 9.9 billion US dollars by end April, the record highest level in history …
Central Bank maintains policy interest rates unchanged
May 11, 2018 (LBO) – Monetary Board of the Central Bank at its meeting held on 10 May 2018 has decided to maintain policy interest rates at their current …
Sri Lanka to revise fuel price every two months
May 11, 2018 (LBO) - Fuel prices in Sri Lanka will be revised every two months under a new cabinet approved pricing formula, Finance Minister Mangala …
Sri Lanka hikes petrol, diesel prices: Cabinet approves fuel pricing formula
May 10, 2018 (LBO) - Sri Lanka has increased the prices of petrol and diesel following a cabinet decision to approve a fuel pricing formula. Petrol (92 …
EU provides Rs.810Mn to modernise Sri Lanka’s agricultural sector
May 10, 2018 (LBO) –The European Union has launched a 810 million rupee project to support the modernization of Sri Lanka's agriculture sector. The project …
Sri Lanka shows 4.2-pct unemployment rate for 2017
May 09, 2018 (LBO) – Sri Lanka’s statistics office said that the estimated unemployment rate for 2017 has been 4.2 percent. Unemployed persons are defined …
Teejay Lanka’s PAT Rs.508Mn; Up 3-pct
May 09, 2018 (LBO) - Teejay Lanka PLC has reported a profit after tax for the March quarter of 508.4 million rupees, an increase of 3 percent principally due …
Sri Lanka Fin Min addresses ADB annual sessions in Manila
Statement made by Hon. MangalaSamaraweera, Minister of Finance and Media of Sri Lanka at the Business Session of the Asian Development Bank’s 51st Annual …
Sri Lanka should continue digitization of services to capture millennial tourists :JLL
May 08, 2018 (LBO) - Real estate consultancy Jones Lang La Salle (JLL) says the strong surge in tourist arrivals and earnings, which could be further enhanced …
Finance Minister holds discussion with ADB to expedite projects in Sri Lanka
May 04, 2018 (LBO) – Sri Lanka's Finance Minister Mangala Samaraweera who is attending the 51st Annual meeting of the ADB in Manila had discussions with …
Investor-friendly reforms to take focus in 2018 report on Sri Lanka:OBG
May 04, 2018 (LBO) - Sri Lanka’s plans to enhance its investment climate by introducing mechanisms aimed at reducing red tape and speeding up key processes …
Seylan Bank records 21-pct YoY growth in 1Q 2018; Profit-after-tax Rs.1,053Mn
May 3, 2018 (LBO) - Sri Lanka's Seylan Bank has posted a profit after tax of 1,053 million rupees in first quarter of 2018. The Bank’s earning per share …
Sri Lanka rupee slips to low of 158.00: Stocks down 0.2-pct
May 03, 2018 (LBO) - The Sri Lanka rupee hit a new low of 157.90/158.00 rupees against the US dollar during morning trade in the spot market. The rupee closed …
IFC invests USD 27Mn in Sri Lanka’s Melwa Hotels and Resorts
May 03, 2018 (LBO) - The International Finance Corporation, a member of the World Bank Group,is investing US 27 million dollars in Melwa Hotels and Resorts …