Sri Lanka wants to move up 40 steps in ease of doing business
Oct 13, 2016 (LBO) – Sri Lanka is expected to reach 60th or a higher place in the world ease of doing business index in two years, a minister said. online …
Economy & Markets
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Sri Lankan rupee steady; exporter dollar sales offset bank buying
Oct 13, 2016 (Reuters) – The Sri Lankan rupee traded steady on Thursday as two state banks bought dollars sold by exporters, in the absence of any …
Algeria’s Rebrab to build euro 150 mln sugar refinery in Sri Lanka
Oct 13, 2016 (LBO) - The ninth wealthiest businessman in Africa, and the founder of Cevital, Issad Rebrab, will invest in Sri Lanka in a sugar refinery and a …
Asia stocks weak with Dec rate hike still on cards
HONG KONG, Oct 13 (Reuters) - Asian stocks held near three-week lows and the greenback consolidated recent gains on Thursday after minutes of the last U.S. …
Sri Lankan rupee edges up on exporter dollar sales; shares down
Oct 12, 2016 (Reuters) – The Sri Lankan rupee edged up on Wednesday as dollar selling by exporters outpaced importer demand for the greenback ahead of the …
Asia shares slip as US earnings disappoint, dollar gains
TOKYO, Oct 12 (Reuters) - Asian shares flirted with three-week lows on Wednesday after a dour start to Wall Street's corporate earnings season knocked U.S. …
Gammanpila’s secret may delay Sri Lanka’s VAT hike again
Oct 12, 2016 (LBO) – Sri Lanka’s joint opposition Parliamentarian Udaya Gammanpila says he is aware of a reason that will require the government to …
Philippines visa waiver to benefit Sri Lankan diplomats & officials
Oct 11, 2016 (LBO) - Sri Lanka and the Philippines have entered into a visa waiver agreement for diplomatic and official passport holders, a statement said. …
Sri Lankan rupee edges up on dollar selling by exporters
Oct 11, 2016 (Reuters) – The Sri Lankan rupee edged up on Tuesday, recovering after three straight sessions of losses on dollar selling by exporters, with …
Inclusive capitalism requires not just promises but action: IMF Head
Oct 11, 2016 (LBO) - The Head of the International Monetary Fund (IMF) says to pull the world economy out of the "new mediocre” efforts to lift growth and …
Japan provides Rs 46bn for ongoing development in Sri Lanka
Oct 11, 2016 (LBO) - The Japan International Cooperation Agency (JICA) will provide a loan of 46.6 billion rupees to Sri Lanka to maintain financial stability …
Sri Lanka’s Central Bank says leaked report on Perpetual not final
Oct 10, 2016 (LBO) – Sri Lanka’s Central Bank on Monday said a complaint has been made to law enforcement authorities to inquire into the unauthorized …
Sri Lankan rupee down on seasonal imports; seen under pressure
Oct 10, 2016 (Reuters) – The Sri Lankan rupee fell on Monday due to seasonal importer dollar demand ahead of the festive season in December, dealers said. …
Asia shares gain, Mexican peso jumps as markets lengthen odds on Trump
SYDNEY, Oct 10 (Reuters) - Asian shares crept higher and the Mexican peso jumped on Monday as odds of a victory by Republican nominee Donald Trump for …
Sri Lanka foreign reserves drops USD154mn in Sept: Central Bank
Oct 08, 2016 (LBO) – Sri Lanka’s official reserves dropped 153.8 million US dollars to 6.5 billion dollars in September, down from 6.6 billion dollars at …
Sri Lankan rupee down on importer dollar demand; cenbank caps fall
COLOMBO, Oct 7 (Reuters) - The Sri Lankan rupee fell on Friday due to importer dollar demand while moral suasion by the central bank on the spot-currency trade …
Pound falls to lowest level since 1985 on fat finger
Oct 07, 2016 (LBO) - The British pound fell to its lowest level since 1985 in early Asian trade with traders speculating whether it was due to an error trade. …
Sri Lanka to sign ETCA by end 2016: PM at India Economic Summit
Oct 07, 2016 (LBO) – Sri Lanka expects to sign the Economic and Technology Co-operation Agreement (ETCA) with India by the end of this year, Prime Minister …
Central Bank, immigration office to tackle money laundering
Oct 06, 2016 (LBO) – Sri Lanka’s Central Bank has joined with the immigration office to receive information in order to facilitate investigations and …