Sri Lankan rupee weaker on importer dollar demand; stocks down
Nov 22, 2016 (Reuters) – The Sri Lankan rupee was trading weaker on Tuesday due to dollar demand from importers on fears that the U.S. President-elect Donald …
Economy & Markets
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Virtusa announces USD210 mln Q2 revenue, up 46.9 pct
Nov 22, 2016 (LBO) - Virtusa Corporation, a global business consulting and IT outsourcing company, with Sri Lankan founders, reported revenue for the second …
Asian stocks ride Wall St rally, oil extends gains
HONG KONG, Nov 22 (Reuters) - Asian stocks rose on Tuesday in the wake of solid gains in U.S. markets overnight, while the Japanese yen briefly strengthened …
Sri Lanka nation-wide inflation accelerates to 5-pct in October
Nov 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose to 5.0 percent in October from the 4.7 percent reported …
Sri Lankan rupee falls; IMF loan caps losses
Nov 21, 2016 (Reuters) – The Sri Lankan rupee was trading slightly weaker on Monday on worries capital outflows would increase as incoming U.S. President …
ADB to support infrastructure reforms, revenue is key challenge
Nov 21, 2016 (LBO) - Further structural reforms are needed to strengthen the Sri Lankan economy, which has been slow to attract private investment and is …
Asian shares on the defensive as U.S. yields, dollar rise
TOKYO, Nov 21 (Reuters) - Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond …
Seize the opportunity for investment, says Sri Lanka’s Finance Minister
Nov 21, 2016 (LBO) - The Minister of Finance has called on local and foreign entrepreneurs to seize the opportunity given by the government to invest in Sri …
IMF approves USD162.6mn disbursement to Sri Lanka
Nov 19, 2016 (LBO) – IMF Executive Board has completed its first review of Sri Lanka’s Extended Fund Facility (EFF) arrangement, which enables the …
Sri Lankan rupee edges down on capital outflow fears
Nov 18, 2016 (Reuters) – The Sri Lankan rupee fell on Friday on persistent worries of capital outflows as incoming President Donald Trump's policies are seen …
Dollar soars on U.S. yield gains,Asian shares wobbly
TOKYO, Nov 18 (Reuters) - The dollar vaulted to 13 1/2-year highs against a basket of major currencies as U.S. bond yields rose, leaving Asian stocks …
SEC eases minimum public float rule; 6-month grace period to comply
Nov 17, 2016 (LBO) – Sri Lanka’s securities regulator has decided to revise the minimum public float requirements to provide listed public companies with a …
CA Sri Lanka to implement new Audit Report from March 2018
Nov 17, 2016 (LBO) – Institute of Chartered Accountants of Sri Lanka is to implement the new Audit Report from March 2018, in keeping with its continuing …
JICA to lend Yen23Bn for water supply project
Nov 17, 2016 (LBO) - The Japan International Cooperation Agency (JICA) signed a loan agreement with the Government to provide a Japanese loan of 23 billion Yen …
Sri Lanka budget signals continuity, but implementation key: CCC
Nov 17, 2016 (LBO) - Sri Lanka's budget 2017 has signaled continuity in the economic policy priorities of the government, but successful implementation should …
Verité identifies weakness in Sri Lanka’s public procurement
Nov 17, 2016 (LBO) – Verité Research, a private think tank, has identified three key weaknesses in public procurement in Sri Lanka. The study by the …
Dollar edges away from 13-year peak, Asian stocks slip
TOKYO, Nov 17 (Reuters) - The dollar edged away from a 13-year peak on Thursday, following an easing of the week-long surge in Treasury yields that was …
Sri Lanka revenue reform a step toward stronger finances: Fitch
Nov 16, 2016 (LBO) - Sri Lanka's budget 2017 proposed tax hikes will strengthen the revenue base although some of the revenue assumptions look optimistic and …
Access Engineering PLC opens trading at CSE
(PRESS RELEASE) - Access Engineering PLC (Access)rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today. The Bell Ringing ceremony …