Sri Lanka’s Finance Minister denies MR’s charges, GSP+ certain for 4 yrs
June 14, 2017 (LBO) – Sri Lanka’s Finance Minister says even if Sri Lanka was to reach the GSP+ threshold tomorrow, the country would still have access to …
Economy & Markets
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US rate hike expected to hit borrowers, eyes on equities
June 14, 2017 (LBO) - The U.S. is expected to hike rates by 25 basis points Wednesday which will have ramifications for millions of borrowers who will find it …
DFCC subscribes to Commercial Bank rights issue in full
June 14, 2017 (LBO) – Sri Lanka’s DFCC bank on Tuesday said it subscribed to the recent rights issue of Commercial Bank in full. online pharmacy buy …
Odel and Softlogic brands buys space in Colombo City Centre
Jun 13, 2017 (LBO) – Sri Lanka's Odel Plc and subsidiary Softlogic brands said it acquired 39,560 square feet of space in Colombo City Centre Mall, a …
Former Sri Lankan president warns don’t be misled by GSP+ benefits
June 12, 2017 (LBO) - Sri Lanka's former president Mahinda Rajapaksa says fulfilling the conditions to qualify for GSP+ could cause permanent damage to a …
ADB grants USD2 mln as flood relief aid to Sri Lanka
June 09, 2017 (LBO) - The Asian Development Bank (ADB) has approved a two million dollar grant to finance relief efforts in Sri Lanka following the recent …
Sri Lanka Treasury issues Rs825bn guarantees in 2016
June 09, 2017 (LBO) – The Treasury Operations Department has issued treasury guarantees and sovereign guarantees of 824.73 billion rupees at the end of the …
Sri Lanka to sign Strategic Economic Partnership with Thailand in August
June 09, 2017 (LBO) - Sri Lanka and Thailand has come to a consensus on a trade in goods Free Trade Agreement before it signs a Strategic Econ Partnership in …
Sri Lanka has been living beyond its means: Governor
June 09, 2017 (LBO) - Sri Lanka has been living beyond its means, with recurrent expenditure higher than revenue, Governor of Central Bank Indrajit …
Sri Lankan banks likely to come under capital pressure from Basel III: Fitch
Jun 07, 2017 (LBO) - Sri Lankan banks are likely to come under increased capital pressure from Basel III-related requirements, Fitch Ratings said in a …
Sri Lanka trade gap widens 34-pct in March
June 07, 2017 (LBO) – Sri Lanka’s trade gap has widened 34.1 percent to 827.5 million US dollars in March from a year earlier, official data from the …
CSE to include non‐voting shares in index market cap calculation
Press Release: The Colombo Stock Exchange (CSE) announces the inclusion of non‐voting shares which are listed and traded on the exchange in its Index Market …
Central Bank denies banks stopped from accepting Qatari Riyals
June 06, 2017 (LBO) – Sri Lanka’s Central Bank on Tuesday categorically denied that the Central Bank has informed banks not to accept Qatari Riyals. …
Sri Lanka growth to accelerate to 4.7-pct in 2017: World Bank
June 05, 2017 (LBO) - Sri Lanka’s growth is forecast to accelerate to a 4.7 percent rate in 2017 and 5 percent in 2018, a new World Bank report says. online …
Sri Lanka video showing rice as containing plastic is false: ministry
June 05, 2017 (LBO) - Sri Lanka's Ministry of Industry and Commerce says a Youtube video that has gone viral which shows cooked rice as containing plastic is …
Sri Lanka vehicle registrations drop in April: JB Securities
Jun 02, 2017 (LBO) - Total vehicle registrations in Sri Lanka fell to 33,438 units in April from 40,021 in March, with declines in all major categories except …
Dilmah, Expolanka to support LKI’s Global Economy Programme
Jun 02, 2017 (LBO) - Sri Lanka's foreign policy think tank Lakshman Kadirgamar Institute has signed a memorandum of understanding with the MJF Group to …
Opinion : Building the future, infrastructure in ASEAN and South Asia
By Anna Marrs ASEAN and South Asia are building infrastructure at an unprecedented rate. Anyone who travels the capital cities of this region knows it for a …
Sunshine Holdings records strong growth despite challenging market condition, Revenue up 10.3-pct
(PRESS RELEASE) • PAT improves sharply by 33.1% YoY to Rs. 1.6 billion • Healthcare revenue up 9.8% YoY to Rs 7.9 billion revenue • Agri revenue grew …