Dollar slips, Asian shares defensive after Trump’s protectionist address
TOKYO, Jan 23 (Reuters) - The dollar slipped and Asian shares were on the defensive on Monday as worries about President Donald Trump's protectionist policies …
Economy & Markets
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IMF commends Sri Lanka on economic progress made so far
Jan 23, 2017 (LBO) - The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and lead the …
Sri Lanka President to appoint committee to investigate bond scam
Jan 23, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena said he would appoint a commission to investigate and recommend actions for an alleged bond …
Sri Lankan shares end higher on foreign buying
Jan 20, 2017 (Reuters) – Sri Lankan stocks closed higher on Friday led by financials, after hitting a more than one-week closing low in the previous session, …
Sri Lanka sells USD458mn in fixed and floating rate bonds
Jan 20, 2016 (LBO) - Sri Lanka has sold fixed and floating rate dollar denominated bonds worth US 458 million dollars, a statement said. The Central Bank …
Sri Lankan rupee falls on importer dollar demand
Jan 19, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Thursday due to dollar demand from importers while moral suasion by the central bank prevented …
Sri Lanka’s Swarnamahal Financial Services transferred to default board
Jan 19, 2017 (LBO) - Sri Lanka's Swarnamahal Financial Services (SFS) has been transferred to default board with with immediate effect following …
Sri Lanka president advises officials to brace for impending drought
Jan 19, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena has held a discussion to look into the preparations at ministerial level to provide essential …
New leasing scheme for vehicles comes into effect
Jan 18, 2017 (LBO) - Central Bank of Sri Lanka has advised commercial banks and leasing companies to follow new regulations in granting loans for vehicle …
Implementing international conventions only criteria for GSP Plus: EU
Jan 18, 2017 (LBO) – European Union today reiterated that the ratification and implementation of 27 international conventions signed by Sri Lanka are the …
Sri Lankan rupee weaker on foreign bank dollar demand
Jan 18, 2017 (Reuters) - The Sri Lankan rupee traded weaker on Wednesday due to importer dollar demand, after sales by foreign banks had helped the U. online …
Sri Lanka’s industrial output up 4.5-pct in November
Jan 18, 2017 (LBO) - Sri Lanka's Index for Industrial Production (IIP) shows volume of industrial production rose 4.5 percent in November 2016 when compared …
Sterling basks in glow of May’s Brexit speech; stocks slip
HONG KONG, Jan 18 (Reuters) - The British pound consolidated gains on Wednesday after posting its biggest rise in nearly two decades in the previous session, …
Prime Minister meets Chinese President at World Economic Summit
Jan 18, 2017 (LBO) - Prime Minister Ranil Wickremesinghe today met Chinese President Xi Jinping on the sidelines of the World Economic Summit to be held in …
Sri Lankan shares end lower; heavyweights down
Jan 17, 2017 (Reuters) – Sri Lankan stocks closed lower on Tuesday for a second straight session as investor sentiment took a hit on political uncertainty …
Sri Lankan rupee marginally higher on banks’ dollar sales
Jan 17, 2017 (Reuters) – The Sri Lankan rupee traded marginally higher on Tuesday in light volume as foreign banks sold dollars, but the market expects the …
Asia stocks and pound weak, brace for May’s speech on Brexit stance
TOKYO, Jan 17 (Reuters) - Asian stocks and the pound sagged on Tuesday as investors waited for British Prime Minister Theresa May to lay out plans to …
Coca-Cola eyes Sri Lanka for production facility: Fin Min
Jan 17, 2017 (LBO) - International beverage company Coca-Cola has expressed their interest in setting up a production hub in Sri Lanka, the Finance Ministry …