Sri Lanka fulfilled Dec fiscal targets, eyes on SOE reforms: IMF
Mar 07, 2017 (LBO) – Sri Lanka needs to accelerate implementation of structural reforms in public financial management and state owned enterprises, the …
Economy & Markets
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Sri Lanka SEC approves All or None blocks in trading of stocks
Mar 06, 2017 (LBO) – Sri Lanka’s securities regulator has approved the Automated Trading System rules and corresponding amendments to the Central …
Ceylon Chamber says policy on drug prices may be appropriate
Mar 06, 2017 (LBO) - The Ceylon Chamber of Commerce says it will conform to the introduction of regulations to control prices of medicinal drugs, after …
China signals possible change of yuan policy
Mar 06, 2017 (LBO) - China has signaled possibly altering its course on exchange rates this year under pressure from US Federal Reserve rate rises and US …
Sri Lanka CB recommends amendments to securities ordinance
Mar 03, 2017 (LBO) – Sri Lanka’s Central Bank said it will be making recommendations to the government on suitable amendments to the Registered Stock and …
Norwegian Pension Fund doubles its investment in Sri Lanka
Mar 02, 2017 (LBO) - The Norwegian Government Pension Fund Global, which started investing in Sri Lanka in 2015, has more than doubled its investment in Sri …
Sri Lanka’s 2017 fiscal target will be more challenging: Moody’s
Mar 02, 2017 (LBO) – Sri Lanka’s ambitious 2017 fiscal deficit target will be even more challenging to achieve as drought-related government spending will …
Sri Lanka to introduce KPIs for SOEs in line with IMF loan
Mar 01, 2017 (LBO) –Sri Lanka will introduce key performance indicators to five state owned enterprises (SOEs) operating in the island for a period of three …
Sri Lanka, IFC to develop sustainable finance roadmap
Mar 01, 2017 (LBO) - President Maithripala Sirisena has urged the financial sector and other stakeholders to work towards sustainable development, during the …
Motor car registrations down 11 percent in January: JB Securities
(Corrects motor car registration figure) Mar 01, 2017 (LBO) - Motor car registrations in Sri Lanka fell 11 percent to 3,101 in January, from 3,487 in December, …
Domestic exchanges to gain with effort towards integration: SAFE
Mar 01, 2017 (LBO)- Leaders from South Asian capital markets, the South Asian Federation of Exchanges (SAFE), have called for improved integration of regional …
JICA kicks-off study to formulate plans for developing Kandy city
Feb 28, 2017 (LBO) – Sri Lanka’s Urban Development Authority together with Japan International Cooperation Agency today commenced a study to formulate …
Sri Lanka’s Vidullanka to issue shares for Uganda mini-hydro
Feb 28, 2017 (LBO) - Sri Lanka's Vidullanka, a hydro power firm, said it plans to issue new shares to raise 50 million rupees for Timex Garments which would …
Central Bank violated the law on past issuances of treasury bonds: Fin Min-Updated
(Updated with comments from press conference) Feb 27, 2017 (LBO) - Finance Minister Ravi Karunanayake has accused former president Mahinda Rajapaksa and the …
Sri Lankans consume quarter of recommended dairy intake: experts
Feb 27, 2017 (LBO) - Helping local farmers overcome challenges through training will lead to a thriving dairy industry by addressing nutritional gaps and …
Sri Lanka to make govt securities Euroclearable
Feb 23, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to sign a MOU with Euroclear Bank making all existing and future government security …
Govt approves USD 75mn loan from WB for financial sector
Feb 23, 2017 (LBO) - Sri Lanka will obtain a credit of Special Drawing Rights equivalent to US 75 million dollars from the International Development Agency of …
Sri Lanka’s BPPL Holdings latest entrant to CSE with IPO
Feb 22, 2017 (LBO) - Sri Lanka's BPPL Holdings Limited, (Beira Group), a leading brush manufacturer, will be entering the Colombo Stock Exchange next month …