Economy & Markets

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Low tax regime & capital allowances from 2017 budget: Sri Lankan PM

Oct 27, 2016 (LBO) – Sri Lanka’s 2017 budget proposals will include proposals to introduce a low tax regime in the island coupled with a program of capital …

Sri Lanka cabinet approves capital market strategy 2016-2020

Oct 27, 2016 (LBO) - Sri Lanka's cabinet has given the nod for the government to follow a five-year capital market strategy in order to attract investors, …

Sri Lanka’s ‘doing business’ rank down one notch to 110: World Bank

Oct 27, 2016 (LBO) – The World Bank says Sri Lanka has dropped one place in the "Doing Business " rank to 110, over the past year, but the island has made …

GAAM: Net foreign inflow of Rs518 mln for week

Sri Lanka to obtain USD75mn credit in SDR from World Bank

Oct 27, 2016 (LBO) – Sri Lanka is to obtain 75 million US dollars as credit of Special Drawing Rights (SDR) from the International Development Association of …

Sri Lankan rupee steady in lean trade; stocks weak

COLOMBO, Oct 26 (Reuters) - The Sri Lankan rupee traded steady on Wednesday in a dull market as investors were reluctant to take positions, a day after a state …

Asia stocks slide after Wall Street losses, oil drops on glut concerns

SINGAPORE, Oct 26 (Reuters) - Asian shares tumbled in early trade on Wednesday, following in the footsteps of Wall Street, which pulled back on disappointing …

Asia shares slip after Apple results weigh, dollar off highs

TOKYO, Oct 27 (Reuters) - Asian shares edged down on Thursday after disappointing earnings from technology giant Apple dragged on Wall Street, while the dollar …

Sri Lanka targets budget deficit of 4.4-pct for 2017: Minister

Oct 26, 2016 (LBO) - Sri Lanka plans on reducing it's budget deficit to 4. online pharmacy buy cymbalta with best prices today in the USA online pharmacy buy …

Sri Lanka delayed VAT debate in Parliament tomorrow

Oct 25, 2016 (LBO) - Sri Lanka's much delayed Value Added Tax (VAT) amendment bill under the equitable taxation principle will be debated in parliament, …

Sri Lankan rupee weaker on importer dollar demand; stocks up

Oct 25, 2016 (Reuters) – The Sri Lankan rupee edged down on Tuesday due to importer dollar demand and a lack of exporter sales, but selling of the greenback …

Asia shares track Wall St higher, US dlr firm

SYDNEY, Oct 25 (Reuters) - Asian shares edged higher on Tuesday while the dollar stood firm as upbeat U.S. earnings boosted Wall Street and factory surveys in …

Danish delegation to look at infrastructure in Sri Lanka

Oct 25, 2016 (LBO) - A business delegation is due from Denmark to look at investment opportunities in Sri Lanka in in energy, infrastructure and water. “The …

Sri Lanka rupee down on importer dollar demand

Oct 24, 2016 (Reuters) – The Sri Lankan rupee edged down on Monday due to dollar demand by importers, but moral suasion by the central bank discouraged …

Asian stocks subdued, dollar hovers near 9-month high

TOKYO, Oct 24 (Reuters) - Asian stocks were subdued early on Monday after Wall Street's sluggish performance at the end of last week, while the dollar hovered …

Acceptance of e-documents an urgent matter: Sri Lankan companies

Oct 24, 2016 (LBO) - Sri Lanka's trading companies say acceptance of electronic documents is a matter that requires urgent attention. online pharmacy buy …

Sri Lanka inflation accelerates to 4.7-pct in September

Oct 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index rose to 4.7 percent in September from the 4.5 percent …

Sri Lankan rupee steady; importer demand offsets exporter dollar sales

Oct 21, 2016 (Reuters) – The Sri Lankan rupee was trading steady on Friday, with dollar demand by importers offsetting conversions of the U.S. currency by …

Sri Lanka central bank considers revamping primary auctions

Oct 21, 2016 (LBO) - Sri Lanka's Central Bank is considering revamping the Primary Auction system for government securities, sources said. The proposed system …