Sri Lankan rupee steady; downward pressure prevails
Jan 09, 2017 (Reuters) – The Sri Lankan rupee traded steady on Monday, but dealers expect it to fall further on growing demand for dollars from foreign banks …
Economy & Markets
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Sri Lanka to receive GSP+ concession next week: President
Jan 09, 2017 (LBO) - President Maithripala Sirisena says he has received information that Sri Lanka will receive the GSP+ trade concession next week, marking a …
Stuart Chapman to Steer Janashakthi Life in New Direction
(PRESS RELEASE) - Janashakthi Insurance PLC, a leading Insurance provider in Sri Lanka, announced the appointment of Stuart Chapman as Director/Chief Executive …
New zone to create 100K jobs with USD5bn investment: Chinese Ambassador
Jan 07, 2017 (LBO) – Sri Lanka’s proposed Special Economic Zone in Hambantota will attract at least 5 billion US dollars in the coming three to five years, …
PM says land identified for industry needs for next decade
Jan 06, 2017 (LBO) – Sri Lankan government has already identified lands for the industry needs in the country for the coming 10 to 15 years, Prime Minister …
Sri Lankan shares rise on bargain hunting, snap 5-day losing streak
Jan 06, 2017 (Reuters) – Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior …
Sri Lankan rupee falls on dollar demand from foreign banks, importers
Jan 06, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Friday due to dollar buying by foreign banks and importers, but the central bank's moral …
CCC seeks business community support for CBSL independence
Jan 06, 2017 (LBO) - Sri Lanka's leading business chamber has called on the business community to support and embrace the Central Bank's Roadmap 2017 which …
MAS opens 2nd industrial park, plans to invest USD 28mn in export oriented projects
(PRESS RELEASE) - With the beginning of the New Year, MAS Holdings makes preparations to commence operations at the MAS Fabric Park in Giriulla. This will …
Sri Lankan rupee weaker; moral suasion caps fall
Jan 05, 2017 (Reuters) – The Sri Lankan rupee traded weaker on Thursday due to dollar buying by foreign banks, but the central bank's moral suasion prevented …
Asian markets and oil up following Wall Street gains
HONG KONG, Jan 5 (Reuters) - Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting …
Sri Lanka shares end near 9-mth low; foreign selling in Keells weighs
Jan 04, 2017 (Reuters) – Sri Lankan shares fell for a fourth straight session on Wednesday, to end at a near nine-month low, as investors sold large-cap …
Sri Lankan rupee little changed; comments by c.bank chief weigh
Jan 04, 2017 (Reuters) – The Sri Lankan rupee was steady in thin trade on Wednesday amid worries over slowing foreign fund inflows, even as the central bank …
CB Governor vows to stop wasting external reserves to defend rupee
Jan 03, 2017 (LBO) – Sri Lanka’s unsustainable practice of defending the external value of the rupee through market intervention should be stopped, the …
Sri Lanka’s 2017 economic growth to be 5.5-6.0 pct: Central Bank chief
Jan 03, 2017 (Reuters) – Sri Lanka economy is expected to expand between 5.5 percent and 6.0 percent in 2017, higher than last year's estimated pace of at …
Sri Lanka Foreign Reserves increase to USD6 Bln in 2016: CB
Jan 03, 2016 (LBO) - Sri Lanka's foreign reserves were around six billion dollars at the end of 2016, up from 5. online pharmacy buy abilify with best prices …
Sri Lankan rupee edges down ahead of cenbank policy statement; stx fall
Jan 03, 2017 (Reuters) – The Sri Lankan rupee edged down in thin trade on Tuesday amid worries over slowing foreign fund inflows, even as market players …