Singapore’s Ube takes 10-pct stake in Tokyo Cement
June 28, 2017 (LBO) - Ube Singapore Holdings Pvt, a Japanese group operating businesses in the Southeast Asian region, has acquired a 10 percent stake in Sri …
Economy & Markets
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Japanese ambassadors in five SAARC countries meet Foreign Minister Ravi
June 28, 2017 (LBO) - Japanese ambassadors in five SAARC countries India, Nepal, Maldives, Pakistan and Bangladesh met Foreign Minister Ravi Karunanayake …
New share transaction fees to be effective from next week
June 23, 2017 (LBO) – Sri Lanka’s securities regulator has directed all licensed stock brokers and dealers to comply with the new fee structure which will …
Sri Lanka should relax issuing licenses for beer & wine: FinMin
June 23, 2017 (LBO) – Sri Lanka’s Finance Minister told Parliament Thursday that the country needs to relax issuing liquor licenses for beer & wine as …
Central Bank holds key rates unchanged, reserves climb
June 23, 2017 (LBO) - Sri Lanka's central bank held key interest rates unchanged on Friday after a monthly monetary policy meeting with inflation moderating in …
World Bank’s IFC to sell Sri Lanka rupee bonds
June 22, 2017 (LBO) - Sri Lanka's government has approved a proposal to establish an offshore Sri Lankan Rupee (LKR) Bond Programme by the International …
Sri Lanka inflation slows to 7.1-pct in May 2017
June 22, 2017 (LBO) - Sri Lanka's inflation according to the National Consumer Price Index (NCPI) was down to 7.1 percent in May 2017 from 8.4 percent in …
Sri Lanka to postpone SVAT abolition till end 2017
June 22, 2017 (LBO) – Sri Lanka’s cabinet approval has been granted to postpone the abolition of SVAT system until the end of this year. Accordingly, the …
Central Bank expected to keep key rates unchanged: First Capital
June 21, 2017 (LBO) - The Central Bank of Sri Lanka is expected to keep key interest rates unchanged in its monthly monetary policy announcement on Friday, …
Auditor General’s opinion creates chaos in Parliament
June 20, 2017 (LBO) – Sri Lanka’s Parliament on Tuesday referred the controversial annual report of the Finance Ministry to the Committee on Public Finance …
Infrastructure must be developed alongside admin, legal frameworks: Finance Minister
June 20, 2017 (LBO) - Sri Lanka wants to boost investments to make the country an export driven economic and financial hub of the Indian Ocean, the new finance …
Sri Lanka’s Central Bank eyes full inflation targeting: Governor
June 20, 2017 (LBO) – Sri Lanka is planning to adopt a full inflation targeting framework probably by next year, Central Bank Governor Indrajit Coomaraswamy …
Sri Lanka’s Central Bank to sell USD515mn development bonds
June 19, 2017 (LBO) – Sri Lanka’s Central Bank will issue 515 million US dollar development bonds with a tenor of 1 year 7 months, 3 years, 4 years and 4 …
Finance Minister meets S. Korean Deputy PM at AIIB meeting
June 19, 2017 (LBO) - Minister of Finance and Media Mangala Samaraweera held discussions with the Deputy Prime Minister and Minister of Strategy and Finance of …
Central Bank to stop making payments to wilfully defaced notes
June 16, 2017 (LBO) – Sri Lanka’s Central Bank said it will not make payments to wilfully mutilated, altered or defaced currency notes after the end of …
Sri Lanka plans trade, business delegation to Bangladesh
June 16, 2017 (LBO) - Sri Lanka's Ministry of Industry and Commerce plans a trade and business delegation visit to Bangladesh next month, on the back of a …
Sri Lanka economy grew 3.8-pct in first quarter of 2017
June 15, 2017 (LBO) – Sri Lanka’s statistics office says economic growth rate for the first quarter of 2017 has been estimated as 3. buy ciprodex online …
CSE announces changes to S&P index
Jun 14, 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 …
UNICEF pledges USD50Mn for Sri Lanka’s children over next four years: Harsha
Jun 14, 2017 (LBO) - Sri Lanka's Deputy Minister of National Policy and Economic Affairs Harsha de Silva said that the United Nations Children's Fund, UNICEF, …