Sri Lanka CSE woos investors from Australia and New Zealand
Mar 16, 2017 (LBO) - The Colombo Stock Exchange (CSE) will host a series of ‘Invest Sri Lanka’ Forums in Australia and New Zealand promoting capital market …
Economy & Markets
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Sri Lanka’s GDP grows 4.4-pct in 2016, dips on agriculture
Mar 16, 2017 (LBO) - Sri Lanka’s Gross Domestic Product grew 4.4 percent in 2016, down from 4.8 percent a year earlier, with drought and floods leading to …
Sri Lanka to sign statements of corporate intent with key SOEs
Mar 15, 2017 (LBO) - Sri Lanka's government will sign Statements of Corporate Intent (SCIs) with five state-owned enterprises: Ceylon Electricity Board, Ceylon …
Sri Lanka sells USD973mn in dollar denominated bonds
Mar 15, 2017 (LBO) - Sri Lanka's government has sold 973.25 million dollars worth of bonds in one-, two-, three- and five-year periods with the majority …
Article 50 may mean near-term weakness for sterling
Mar 14, 2017 (LBO) - The UK government may soon trigger Article 50 formalizng Brexit which means sterling could see some near-term weakness, analysts said. The …
Sri Lanka’s manufacturers make steady progress: OBG
Mar 15, 2017 (LBO) - Rising demand and expectations of stronger sales should sustain growth in Sri Lankan manufacturing in 2017, though labour shortages will …
Ceylon Chamber looks forward to engaging on Inland Revenue bill
Mar 13, 2017 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce says they are looking forward to engaging with authorities on suggestions and recommendations …
Sri Lanka labour force 8.4 mn in 3Q with 36.5-pct female
Mar 13, 2017 (LBO) – Sri Lanka’s labour force for the third quarter 2016 is estimated to be 8.4 million with 36.5 percent females contributing to the …
US likely to hike rates by 25 bp this week
Mar 13, 2017 (LBO) - The United States is likely to hike interest rates by 25 basis points on Wednesday to prevent chances of the economy overheating, although …
Building lives, not only a new bridge at Kelani river
Mar 13, 2017 (LBO) - The Japan International Cooperation Agency (JICA) is keen that relocations from the Sedawatta and Wadullawatta communities for the new …
Sri Lanka foreign reserves up by USD165mn in February
Mar 10, 2017 (LBO) – Sri Lanka’s official reserves rose 165 million US dollars to 5.62 billion dollars in February, up from 5.45 billion dollars at the end …
Sri Lanka’s CSE approves RIL Property’s Rs960mn IPO
Mar 10, 2017 (LBO) - RIL Property Limited (RIL), a developer, owner and operator of commercial office space in Colombo has received an in-principle approval …
COPE should inquire transactions of Templeton fund in Sri Lanka: Harsha
Mar 09, 2017 (LBO) – Sri Lanka’s Committee On Public Enterprises (COPE) should investigate the transactions carried out between the US-based Franklin …
Indonesia, Sri Lanka to strengthen trade and economic ties
Mar 09, 2017 (LBO) Sri lanka's President Maithripala Sirisena, who is on a state visit to Indonesia, met with President Joko Widodo Wednesday with a proposal …
Nimal Perera resigns as director from several companies
Mar 08, 2017 (LBO) - High net worth investor Nimal Perera has resigned as a director of several companies, as per disclosures to the Colombo Stock Exchange. …
S&P keeps negative outlook unchanged, confirms ‘B+’ rating on Sri Lanka
Mar 08, 2017 (LBO) - Standard and Poor global ratings affirmed its 'B+' long-term and 'B' short-term sovereign credit ratings on Sri Lanka while keeping a …
New Zealand keen to broaden investment in Sri Lanka
Mar 08, 2017 (LBO) - The Government of New Zealand expects to broaden existing investment in Sri Lanka and is ready to assist in economic development …
Pan Asia Bank completes Rs 2Bn rights issue
Mar 08, 2017 (LBO)- Sri Lanka's Pan Asia Banking Corporation said they were successful in completing a rights issue to raise up to 2.06 billion rupees. In …