Economy & Markets

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Sri Lanka Central Bank most likely to keep rates steady: POLL

Dec 28, 2016 (Reuters) – Sri Lanka's central bank is most likely to keep its key interest rates steady on Friday, even as some economists expect further …

Sri Lankan rupee falls on dollar demand; c.bank raises spot reference rate

Dec 28, 2016 (Reuters) – Sri Lankan rupee fell on Wednesday on modest dollar demand after the central bank raised the spot reference rate, while the apex …

PTL Watch: Secondary market bond trading subdued

Sri Lankan shares hit more than 8-mth closing low; turnover slumps

Dec 27, 2016 (Reuters) – Sri Lankan shares closed at their weakest in more than eight months in typical year-end holiday-thinned trading on Tuesday, with …

Sri Lankan rupee falls on light dollar demand

Dec 27, 2016 (Reuters) – The Sri Lankan rupee fell on Tuesday on thin importer dollar demand after a long weekend as the market waited for direction from the …

Sri Lanka to improve public transportation in 2017: Fin Min

Dec 23, 2016 (LBO) - Several steps have been taken to improve public transportation with the building of new roads, upgrading railway, deploying priority bus …

Sri Lankan shares rise after eight sessions of falls in thin trade

Dec 23, 2016 (Reuters) – Sri Lankan shares edged up on Friday, snapping eight straight sessions of falls and moving away from a more than eight-month closing …

Sri Lankan rupee ends firmer on dollar selling by state bank

Dec 23, 2016 (Reuters) – The Sri Lankan rupee closed higher on Friday as dollar selling by a state-run bank helped the local currency gain in lacklustre …

Asia stocks pressured by Wall Street, dollar holds below 14-yr peak

SINGAPORE, Dec 23 (Reuters) - Asian stocks stepped back in subdued trade on Friday as Wall Street took a breather from its relentless rise since the …

Market Watch: Central Bank tightens stance, sovereign yield rises

Dec 22, 2016 (LBO) - Sri Lanka's Central Bank effectively tightened its monetary stance on Thursday by conducting a repo auction at 7.47 percent, above the …

Sri Lankan rupee falls on importer dollar demand

Dec 22, 2016 (Reuters) – The Sri Lankan rupee fell on Thursday as importer demand for the greenback outpaced inflows from remittances and dollar conversions …

Strong safeguards must accompany Asia’s infrastructure drive: ADB

Dec 21, 2016 (LBO) - Asia’s spending on growth-boosting infrastructure is set to get a tailwind from development financing while the safeguard systems used …

Sri Lanka Finance Minister Ravi Karunanayake sees stable rupee in 2017

Dec 20, 2016 (Reuters) – Sri Lankan Finance Minister Ravi Karunanayake said on Tuesday the rupee currency, which is under downward pressure, will recover and …

India taking steps to promote digital, mobile transactions

Dec 21, 2016 (LBO) - India is taking steps to promote digital and mobile transactions in the country after its demonitisation program. After the cancellation …

French court finds IMF’s Lagarde guilty of negligence

Dec 20, 2016 (LBO) - A French court has found International Monetary Fund chief Christine Lagarde guilty of negligence in allowing the misuse of public funds, …

Steps taken to meet Sri Lanka’s festive demand for rice: Ministry

Dec 20, 2016 (LBO) - Sri Lanka's Ministry of Industry and Commerce will increase supply of freshly milled rice to meet a surge in demand during the festive …

Sri Lankan rupee edges down on mild importer dollar demand

COLOMBO, Dec 19 (Reuters) - The Sri Lankan rupee slipped on Monday on mild importer dollar demand, as the market braced for declines in the local currency with …

Sri Lanka govt revenue up 23-pct: Finance Ministry

Dec 19, 2016 (LBO) - Sri Lanka's Finance ministry says that state revenue has increased by 23 percent during the first nine months of this year compared with …