Dialog and Richard Peiris in S&P Sri Lanka 20 index replacing Hayleys and Melstacorp
Dec 15, 2017 (LBO) - The Colombo Stock Exchange (CSE) announced the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones …
Economy & Markets
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ADB gives USD270Mn for road and water projects in Jaffna
Dec 15, 2017 (LBO) - The Asian Development Bank (ADB) will give US 270 million dollars in financial assistance from for the implementation of the integrated …
Sri Lanka’s Fiscal Mgmt. Responsibility Act has no teeth: CB Chief
Dec 15, 2017 (LBO) – Sri Lanka is in the process of reviewing the Fiscal Management (Responsibility) Act as it does not have any teeth at the moment, the …
Sri Lanka Malayasia to further strengthen ties with PM visit
Dec 14, 2017 (LBO) - Malaysian Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak will visit Sri Lanka from 17th to 19th December. Issuing …
Jetwing Symphony’s IPO subscription to open Dec.14, 50.2Mn shares on offer
Dec 12, 2017 (LBO) - Sri Lanka's Jetwing Symphony's long-awaited initial public offering (IPO) of will open up for subscription on December 14. The company …
Sri Lanka FDI grows to USD800mn for Jan-Sept exceeding 2016 total
Dec 08, 2017 (LBO) – International Trade Ministry says exports and foreign direct investment (FDI) have shown substantial increases this year compared to …
Sri Lanka Tea prices show gains in Nov 2017
Dec 08, 2017 (LBO) - Sri Lanka tea prices at the November 2017 auctions showed gains in high, medium and low growns, a new report said. "When analyzing the …
IMF completes 3rd review; approves USD251.4Mn disbursement
Dec 08, 2017 (LBO) – IMF Executive Board has completed the third review of Sri Lanka’s Extended Fund Facility arrangement, which enables the disbursement …
Sri Lanka launches Handbook on Good Governance for SOEs
Dec 07, 2017 (LBO) - The National Human Resource Development Council of Sri Lanka, CA Sri Lanka and the Sri Lanka Institute of Directors released book titled …
Sri Lanka to build 400MW power plant in Hambantota
Dec 07, 2017 (LBO) - Sri Lanka's government has given the cabinet nod for the establishment of a 400 MW natural gas power plant in Hambantota, a statement …
New liability Mgmt. bill to raise money above borrowing limit: CB Chief
Dec 07, 2017 (LBO) – Sri Lanka’s Central Bank Chief says the proposed liability management bill will enable the government to exceed the borrowing limit …
Sri Lanka’s Jetwing Symphony announces Rs.900Mn IPO
Dec 06, 2017 (LBO) - Jetwing Symphony Limited (JSL), the investment arm of the group announced the opening of its Initial Public Offering (IPO) on December …
Central Bank says Sri Lanka prosperity improves in 2016
Dec 05, 2017 (LBO) – Sri Lanka’s prosperity, measured by the Prosperity Index has improved to 0.746 in 2016 from 0.685 in the previous year, the Central …
Sri Lanka Exports up 12.9-pct in Sept
Nov 28, 2017 (LBO) - Sri Lanka's exports were up to 1,011 million dollars, a rise of 12.9 percent with growth in the textile and apparel sectors, new data …
S&P DJI considers revising index methodology of S&P Sri Lanka 20
Nov 27, 2017 (LBO) – S&P Dow Jones Indices (S&P DJI) is currently conducting a consultation with members of the investment community on a potential …
John Keells X Open Innovation Challenge winners enter 6 month accelerator programme
(PRESS RELEASE) - John Keells Holdings PLC announced the six winners of its second John Keells X Open Innovation Challenge at a Pitch Day recently. The winners …
India reiterates commitment to projects of mutual interest with Sri Lanka
Nov 27, 2017 (LBO) - Indian President Kovind while welcoming the Sri Lankan Prime Minister said that development cooperation forms an important part of …
New reforms to create win-win situation for Central Bank & Treasury
Nov 24, 2017 (LBO) – Proposed Liability Management Act and recently introduced market-based Treasury bond auction system will create a win-win situation for …
Opinion : Sustainable oil palm central to success of Sri Lanka’s plantation industry
By Professor Asoka Nugawela Department of Plantation Management, Faculty of Agriculture and Plantation Management, Wayamba University of Sri Lanka. …
Hidden motive of new bank tax is to weaken state banks: MR
Nov 23, 2017 (LBO) – Sri Lanka’s ex-President Mahinda Rajapaksa quoting experts said the hidden motive of the proposed debt repayment levy is to …