GSP+ final decision by May 2017, tangible progress needed: EU
Nov 02, 2016 (LBO) - National reconciliation, the empowerment of women and Sri Lanka’s application for the General System of Preferences (GSP+) were the main …
Economy & Markets
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Monetary policy could still be considered accomodative: Central Bank
Nov 02, 2016 (LBO) - Sri Lanka's Central Bank said on Tuesday that despite a tightening in interest rates this year, that monetary policy could still be …
Asian shares, dollar rattled by U.S. election uncertainty
TOKYO, Nov 2 (Reuters) - Asian shares stumbled and the U.S. dollar was on the defensive on Wednesday as signs that Republican U.S. presidential candidate …
Asia stocks, dollar wrestle with US political risk
SYDNEY, Nov 3 (Reuters) - Asia shares eased on Thursday while the U.S. dollar stayed on the defensive as a tightening U.S. presidential race saw the S&P 500 …
Sri Lankan shares hit fresh 3-mth closing low ahead of budget
Nov 01, 2016 (Reuters) – Sri Lankan shares extended losses for a third straight session to close Tuesday at a fresh three-month low as investors shrugged off …
Sri Lankan rupee ends weaker on importer dollar demand
Nov 01, 2016 (Reuters) – The Sri Lankan rupee ended weaker on Tuesday due to dollar demand from importers, dealers said, a day after the country's central …
Sri Lanka ranks 31st in Global Youth Development Index
Nov 01, 2016 (LBO) - Sri Lanka has been ranked 31st in the Global Youth Development Index (YDI) 2016 based on a country’s condition for the youth in terms of …
Asia stocks wallow at 6-wk lows, China PMIs in focus; oil down
HONG KONG, Nov 1 (Reuters) - Asian stocks wallowed near six-week lows on Tuesday as investors braced for a looming raft of economic and central bank events, …
Sri Lanka Central Bank keeps rates steady ahead of budget
Oct 31, 2016 (LBO) – Sri Lanka’s central bank on Monday decided to keep its key interest rates steady, a few days ahead of the national budget. …
Sri Lanka’s CCPI inflation up 0.3 pct points in Oct 2016
Oct 31, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo accelerated 4.2 percent in October 2016 from a year earlier, up from 3.9 percent in …
Sri Lankan rupee weaker; remittances prevent steeper fall
Oct 31, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Monday due to importer dollar demand, but the month-end inward remittances capped the fall, …
Sri Lanka seeks to boost capital markets, draw FDI : OBG
Oct 31, 2016 (LBO) - Government commitments to step up privatisation, repair its balance sheet and encourage more listings should help broaden the base of Sri …
Excerpts of Sri Lanka COPE recommendations on bond issue
Oct 31, 2016 (LBO) - Sri Lanka's Committee on Public Enterprises has made several recommendations to Parliament on last year's controversial bond issue. online …
Government will bring a people’s Budget: Ravi Karunanayake
Oct 31, 2016 (LBO) - Sri Lanka's budget for 2017 on Nov 10 will be a people’s budget as it would incorporate ideas proposed from all corners of the country, …
Asia stocks stutter as FBI probe of Clinton jolts markets
SINGAPORE, Oct 31 (Reuters) - Asian stocks got off to a shaky start on Monday after a renewed FBI probe of U.S. Democratic presidential candidate Hillary …
Sri Lankan rupee weaker; central bank’s moral suasion caps fall
Oct 28, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Thursday with the central bank raising the spot reference rate by 50 cents as higher importer …
Opinion: Budget 2017 expectations, unrealistic or achievable?
Oct 28, 2016 (LBO)- Gearing for the new budget in a few weeks time Finance Minister Ravi Karunanayake is optimistic about Budget 2017. An equity buyout for …
Sri Lanka Central Bank to keep rates steady ahead of budget
COLOMBO, Oct 27 (Reuters) - Sri Lanka's central bank is expected to keep its key interest rates steady on Monday, a few days ahead of the national budget and …
Sri Lankan rupee weaker; moral suasion caps fall
Oct 27, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Thursday on importer demand for the U.S. currency with moral suasion by the central bank …