Economy & Markets
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New markets needed to offset Sri Lanka Tea downturn: OBG
Sept 21, 2016 (LBO) - Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global …
US Pacific Command partners with Sri Lanka on oil spill management
Sept 21, 2016 (LBO) - Experts from the U.S. Pacific Command have provided training for disaster response counterparts from Sri Lanka and Maldives on responses …
Asia stocks pull ahead, investors on edge before BOJ verdict
HONG KONG, Sept 21 (Reuters) - Asian shares got off to a tentative start on Wednesday, while the yen was steady as investors braced for the outcome of the Bank …
No liberalization of professionals under upcoming FTAs: Kelegama
Sept 20, 2016 (LBO) – Sri Lanka’s bilateral free trade agreements that are currently being considered have no liberalization of professionals, a senior …
Sri Lankan rupee edges up on state bank dollar sales
Sept 20, 2016 (Reuters) – The Sri Lankan rupee gained slightly on Tuesday as a state bank sold dollars after the local currency fell due to importer …
GAAM: Foreign inflow of Rs484 mln into stocks for week
The Guardian Acuity Asset Management weekly report can be downloaded
New Zealand pledges to develop milk production in Sri Lanka
Sep 20,2016 (LBO) - New Zealand says that it will extend its full assistance to develop the milk production sector in Sri Lanka, the finance ministry said in a …
Interview: Sri Lanka stock earnings +6 pct in June quarter, valuations improve
Sept 20, 2016 (LBO) - Sri Lankan listed companies posted earnings of 49.9 billion rupees in the quarter to June, up six percent from the same quarter last …
Asia stocks waver as investors nervously await Fed, BOJ
TOKYO, Sept 20 (Reuters) - Asian shares edged lower on Tuesday as investors nervously waited on the outcomes of the Federal Reserve and Bank of Japan policy …
Sri Lankan rupee edges down on importer dollar demand; stocks fall
COLOMBO, Sept 19 (Reuters) - The Sri Lankan rupee traded weaker on Monday as importer dollar demand surpassed selling of the U. buy fildena online …
Central Bank to introduce repo transactions on electronic platform
Sept 19, 2016 (LBO) – Sri Lanka’s Central Bank is considering introducing the repurchase and reverse repurchase transactions to the Bloomberg electronic …
Textured Jersey executives meet investment funds in U.S.
Sept 19, 2016 (LBO) - Textured Jersey Lanka PLC executives Moiz Rehmanjee and Rodney Arland were in the U.S. last week to meet global investment funds, as part …
Asia stocks hold central bank vigil, oil bounces
SYDNEY, Sept 19 (Reuters) - Caution gripped Asian shares on Monday ahead of central bank meetings in the United States and Japan this week, while oil prices …
Sri Lanka GDP expands 2.6-pct in second quarter 2016
Sept 15, 2016 (LBO) – Sri Lanka’s economy expanded 2.6 percent in the second quarter of 2016 from a year earlier, led by services activities, the state …
Sri Lankan rupee edges down on importer dollar demand
COLOMBO, Sept 15 (Reuters) - The Sri Lankan rupee traded slightly lower on Thursday as importer dollar demand surpassed exporter sales of the U.S. currency, …
Sri Lanka to set up a special unit for economic development
Sep 14, 2016 (LBO) - Sri Lanka's cabinet has approved obtaining the assistance of the Mackenzie Institute of USA to set up a Central Programme Management Unit …
Stocks waver as policy uncertainty, weaker oil sap confidence
TOKYO, Sept 15 (Reuters) - Asian stocks wavered on Thursday as investors grappled with the seemingly diminishing ability of major central banks to stimulate …
Sri Lankan rupee weaker on importer dollar demand
Sept 14, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday as importer dollar demand surpassed mild exporter sales of the U.S. currency, dealers …