Economy & Markets
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Sri Lanka NCPI moving average inflation reaches one year high
Feb 22, 2017 (LBO) – Sri Lanka’s nation-wide consumer prices as measured by National Consumer Price Index rose 6.5 percent in January from a year earlier, …
Sri Lanka’s capital gains tax will be nightmare to implement: Abeysuriya
Feb 22, 2017 (LBO) – Sri Lanka’s capital market players are not expecting a capital gain tax (CGT) on the share market as it will have a cascading effect …
Sri Lanka rated ‘Mostly Unfree’ in new report: Heritage Foundation
Feb 21, 2017 (LBO) - Sri Lanka slipped to be rated as a ‘Mostly Unfree’ country this year in the Index of Economic Freedom, with the lack of government …
Sri Lanka’s public sector expanded 39-pct during past decade
Feb 21, 2017 (LBO) – Sri Lanka’s public sector, excluding the semi government sector and three forces, expanded 39 percent in the last ten years, a census …
Sri Lanka Central Bank launches data library for public use
Feb 21, 2017 (LBO) - The Central Bank of Sri Lanka (CBSL) has launched a data library for the general public to use via the CBSL external website. "Data …
Asia shares adrift for US holiday, focus on Unilever
SYDNEY, Feb 20 (Reuters) - Asian share markets were mixed on Monday as political uncertainty globally kept the mood cautious, while the U.S. dollar recouped …
Sri Lanka-Singapore FTA to be finalised in 2017: Singapore PM
Feb 20, 2017 (LBO) - The Free Trade Agreement (SLSFTA) between Sri Lanka and Singapore will hopefully be finalised this year, Singapore Prime Minister Lee …
Sri Lanka to review public sector cadre, redeploy excess
Feb 17, 2017 (LBO) – Sri Lanka will conduct a cadre review to determine the total cadre requirement of the public sector and provincial councils. The review …
Sri Lanka to forge ahead despite external pressures: Ravi
Feb 17, 2017 (LBO) - Sri Lanka's finances are improving despite global turmoil, Brexit and higher interest rates in the US, backed by a Fitch Ratings outlook …
Softlogic Holdings turnover crosses Rs. 45 Bn, up 9.9-pct
Earnings Review - Group’s cumulative turnover crossed Rs. 45 Bn (up 9.9%) for period ending 31 December 2016 while the quarterly revenue …
Australia and Sri Lanka sign new partnership agreement
Feb 16, 2017 (LBO) - Australia and Sri Lanka have signed a new development cooperation partnership during Prime Minister Ranil Wickramasinghe’s visit to …
With foreign debt servicing of USD4 bil, cabinet approves sovereign bond
Feb 16, 2017 (LBO) – Sri Lanka’s Finance Minister says the island's total domestic and foreign debt service payments for 2017 is estimated to be around …
Asian stocks at 1-1/2 year highs on robust Wall St; dollar retreats
HONG KONG, Feb 16 (Reuters) - Asian stocks edged up to fresh 19-month highs on Thursday, helped by an extended rally on Wall Street and strong U.S. data though …
Sri Lanka senior citizens’ deposits up to Rs1.5Mn to get higher interest
Feb 15, 2017 (LBO) - Sri Lanka's Finance Ministry said that it will increase the upper limit up to 1.5 million rupees for 15 percent special interest paid on …
More public-private collaboration needed during humanitarian crises: WEF
Feb 15, 2017 (LBO) - Public-private collaboration in the humanitarian space is being discussed, as highlighted at the recently concluded World Economic Forum, …
Hayleys 3Q16 profits grow by 8-pct to Rs.1.1Bn
(PRESS RELEASE) - Sri Lankan conglomerate Hayleys PLC’s profits after tax rose by 8% Year-on-Year (YoY) to reach Rs. 1.1 billion during the quarter ended …
South Asian stock exchange officials to meet in Colombo
Feb 14, 2017 (LBO) - The Colombo Stock Exchange (CSE) will host the executive committee board meeting for the current term of the South Asian Federation of …
Asia shares notch 19-month highs, dollar firm
SYDNEY, Feb 14 (Reuters) - Asian shares inched to 19-month highs on Tuesday as the potential for economic stimulus in the United States lifted the …