Weak growth, higher inflation risks Sri Lanka fiscal consolidation: Moody’s
Dec 19, 2016 (LBO) – Moody's Investors Service says that Sri Lanka's (B1 negative) program with the International Monetary Fund (IMF) has helped stabilize …
Economy & Markets
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Malaysia, Sri Lanka consider FTA during President’s visit
Dec 19, 2016 (LBO) - Malaysia and Sri Lanka will consider the possibility of free trade agreement, a joint statement said, after the official visit of …
Asia stocks find relief as China set to return seized US drone
TOKYO, Dec 19 (Reuters) - Asian shares steadied in early trade on Monday after China agreed to return a U.S. drone it had seized, easing worries about …
Sri Lankan shares hit more than 2-wk closing low led by banks
Dec 16, 2016 (Reuters) – Sri Lankan shares fell for a third straight session on Friday to close at their lowest in more than two weeks, as a dollar rally to …
Sri Lankan rupee closes steady; state-controlled bank sells dollars
Dec 16, 2016 (Reuters) – The Sri Lankan rupee came off early falls to close almost steady on Friday as a state-controlled bank sold dollars, dealers said. …
US Millennium Challenge selects Sri Lanka for 5-Year grant
Dec 16, 2016 (LBO) – Sri Lanka has been selected for the US Millennium Challenge Corporation’s (MCC) new five-year grant compact which aims at encouraging …
Sri Lanka’s economy grew 4.1-pct in third quarter
Dec 15, 2016 (LBO) - Sri Lanka’s economy grew 4.1 percent in the third quarter of 2016 with strong growth construction, a statement said. “During the …
Teejay Lanka replaces Ceylinco Insurance in new S&P SL20 rebalance
Dec 15, 2016 (LBO) – Colombo Stock Exchange today announced changes to the S&P Sri Lanka 20 index made by S&P Dow Jones Indices at the 2016 annual …
Sri Lankan rupee weakens as c.bank raises reference rate after Fed move
COLOMBO, Dec 15 (Reuters) - The Sri Lankan rupee edged lower on Thursday as the central bank raised the spot reference rate further, a day after the U.S. …
Sri Lankan shares hit more than 2-wk closing low; Fed rate hike weighs
Dec 15, 2016 (Reuters) – Sri Lankan shares fell in line with regional bourses to close at their lowest in more than two weeks on Thursday, as a …
Sri Lanka vulnerable to direct and indirect effects of sustained capital outflows: Moodys
Dec 15, 2016 - Sri Lanka has been named as one of the countries that have the highest vulnerability to the direct and indirect effects of sustained capital …
Hong Kong, China stocks fall after Fed rate hike
SHANGHAI, Dec 15 (Reuters) - Hong Kong stocks slumped on Thursday morning along with other Asian markets, after the U.S. Federal Reserve raised interest rates …
ADB Maintains Stable Outlook for Asia Despite Global Uncertainties
Dec 14, 2016 (LBO) - Economic growth in developing Asia remains broadly stable, but a slight slowdown in India has trimmed the region’s growth outlook for …
“No privatization or sell off of public assets” Ravi
Dec 12, 2016 (LBO) - The government will not privatize or sell off any of the public asset and there were no provisions made under the Budget-2017 to this …
Sri Lanka approves 2017 budget; aims to raise revenue through taxes
Dec 11, 2016 (Reuters) – Sri Lanka's coalition government on Saturday won the final vote on its 2017 budget which aims to boost revenue and cut the fiscal …
State sponsored sanitation services bound in caste relations: report
By Aftab Lall (Centre for Poverty Analysis) State sponsored provision of sanitation services in Jaffna, Sri Lanka are tightly bound in caste relations. Both …
Sri Lanka shares gain on foreign buying; Thai Group’s deal lifts mood
Dec 08, 2016 (Reuters) – Sri Lankan shares rose on Thursday as a stake buy in Commercial Credit and Finance Plc by a unit of Thailand's Group Lease Plc …
President removes 19 Sinhala leaders from a list of traitors
After 198 years, President has removed 19 Sinhala leaders including Monarawila Keppetipola from a list of traitors recognizing them as Wellassa heroes.buy …
World Bank to strengthen Sri Lanka’s social safety net
Dec 07, 2016 (LBO) - The World Bank Board has approved a US 75 million dollar credit from the International Development Association (IDA) to support Sri …
Thailand to launch stock exchange for startups
Dec 06, 2016 (LBO) - Thailand is launching a new stock exchange that caters to startups, according to a report by the Nikkei Asian Review. Companies could list …