Economy & Markets
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Sri Lanak’s Teejay reports 24-pct revenue growth in volatile 2016/17
(PRESS RELEASE) - Teejay Lanka PLC (formerly Textured Jersey), the Sri Lanka headquartered world-class knit fabric solutions provider, has reported revenue of …
Hemas after-tax profit up 28-pct to Rs3.8Bn in FY17
May 18, 2017 (LBO) - Hemas Holdings Plc Wednesday announced an after-tax profit of 3.8 billion rupees for the year ended 31 March 2017, reflecting a 28.3% …
Sri Lanka’s petroleum unions warn of another strike next week
May 17, 2017 (LBO) - The Ceylon Petroleum Corporation (CPC) unions have in a letter informed the Premier that they will re- commence halted strike action next …
China pledges Yuan 2.4bn to Sri Lanka up to 2020
May 17, 2017 (LBO) – Chinese President Xi Jinping yesterday pledged 2 billion Yuan (290 million dollars) development assistance to Sri Lanka for 2018 – …
Sri Lanka regains EU’s GSP+ tariff benefits this week
May 17, 2017 (LBO) - Sri Lanka will regain it's GSP+ benefits with effect from Friday (19th May) after an official publication of the re-entry to the scheme in …
Belt and Road initiative complements Sri Lanka’s vision: PM
May 16, 2017 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe says China's ‘Belt and Road’ initiative complements Sri Lanka’s vision as they …
Sri Lanka govt borrowed 22-pct less than what parliament approved: Ravi
May 15, 2017 (LBO) - Sri Lanka's Finance Minister stressed on Sunday that the Government was not on a borrowing spree as claimed by the joint opposition and …
Sri Lanka exempts income tax on IT BPO, capital gains for real estate
May 15, 2017 (LBO) - Sri Lanka's Finance minister announced some features of the new Inland Revenue Act which include income tax exemptions for IT exports, …
Central Bank clarifies reports on EPF, assistant governor transfers
May 15, 2017 (LBO) - Sri Lanka's Central Bank, in a statement, has clarified media reports which state that an assistant governor and officers of the Employees …
Sri Lanka economy to grow 4.9-pct in 2018: UNESCAP
May 12, 2017 (LBO) – Sri Lanka’s economic growth is expected to rebound modestly to around 4.8-4.9 percent in 2017 and 2018, the Economic and Social Survey …
Malik wants FTA with Singapore to be finalized before July
May 09, 2017 (LBO) – Sri Lanka wants the scheduled free trade agreement with Singapore to be finalized before July this year, the BOI said quoting …
Sri Lanka Monetary Board holds key rates unchanged
May 09, 2017 (LBO) - Sri Lanka's Monetary Board held key interest rates unchanged on Tuesday on slower inflation, a month after hiking rates, a monetary policy …
Opinion: FDI in Sri Lanka, a real estate perspective
By Steven Mayes, Managing Director JLL Lanka The significance of Foreign Direct Investment to an economy such as Sri Lanka’s cannot be overstated. Its …
Bank of Ceylon relocates its Disaster Recovery Center
Press Release: Sri Lanka’s Bank of Ceylon, re-launched its Disaster Recovery Center (DRC) with the State-of the-art technology and new facilities recently. …
Moody’s assigns B1 rating to Sri Lanka’s global bond offering
May 08, 2017 (LBO) – Moody's Investors Service has assigned a B1 rating to Sri Lanka's US dollar bond offering maturing in 2027 with a negative outlook on …
Sri Lanka foreign reserves down by USD74mn in April
May 08, 2017 (LBO) – Sri Lanka’s official foreign reserves further dropped by 74 million US dollars to 5.buy flexeril online buy flexeril online no …
Sampath Bank surpasses Rs 2Bn mark for PTP in quarter ended March 31
(PRESS RELEASE) - Sampath Bank surpassed Rs 2.0 billion mark to achieve post tax profit (PTP) of Rs 2.3 billion for the quarter ended March 31, 2017. This …
Lankem Ceylon buys 100-pct of bottle maker Kiffs
May 08, 2017 (LBO) - Sri Lanka's Lankem Ceylon said it had bought a 100 percent stake in Kiffs (Private) Ltd, a pet bottle maker for 225 million rupees. online …
Asian shares higher, euro gains after Macron wins French election
May 08, 2017 (LBO) - Asian shares traded mostly higher on Monday following victory of Emmanuel Macron in the French elections on Sunday. Macron defeated …