Opinion: Big banks exploit countries like Sri Lanka, probe finds
Sept 07, 2016 (LBO) - Big banks have turned to the powerful worldwide legal system and commandeered it for profit, exploiting countries like Sri Lanka in the …
Economy & Markets
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Sri Lanka seeks USD250mn ADB assistance to develop capital markets
Sept 07, 2016 (LBO) – Sri Lanka’s Finance Ministry has sought the assistance of Asian Development Bank to develop the capital market in the island.buy …
Sri Lankan rupee steady as dollar sales offset importer demand
COLOMBO, Sept 7 (Reuters) - The Sri Lankan rupee traded steady on Wednesday as dollar sales by exporters and banks to convert inward remittances offset the …
Sri Lanka CDS signs MoU with Pakistani counterpart
Sep 07, 2016 (LBO) - Central Depository Systems (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), has signed a memorandum of understanding …
Asia stocks at 1-year high as soft US data quells Fed hike talk
TOKYO, Sept 7 (Reuters) - The dollar took a tumble and Asian stocks rose to one-year highs on Wednesday after surprisingly weak U.S. services sector activity …
Sri Lanka’s Distilleries approves Melstacorp as holding company of group
Sep 07, 2016 (LBO) - Shareholders of the Distilleries Company (DCSL) at an Extraordinary General Meeting approved the special resolution to make Melstacorp Ltd …
Sri Lanka’s Finance Ministry denies resignation claims of treasury officials
Sept 06, 2016 (LBO) – Sri Lanka’s Finance Ministry on Tuesday denied recent media reports that there was a mass resignation and stepping down of directors …
Sri Lankan rupee firmer on dollar sales by exporters, banks
COLOMBO, Sept 6 (Reuters) - The Sri Lankan rupee edged up on Tuesday as dollar sales by exporters and banks on behalf of foreign investors to buy government …
Mobitel to make Rs732 mln voluntary offer for E-Channelling
Sept 06, 2016 (LBO) - Mobile telecommunications company Mobitel (Private) Limited says it will make a voluntary offer to shareholders of E-Channelling PLC for …
Asian shares edge up as investors await RBA
TOKYO, Sept 6 (Reuters) - Asian shares edged up on Tuesday but were mostly in a holding pattern after Monday's U.S. holiday, as investors awaited a policy …
GAAM: Rs945 mln foreign inflow into stocks last week
The Guardian Acuity Asset Management weekly report can be downloaded
Sri Lanka seals USD100mn credit from World Bank for economic reforms
Sep 05, 2016 (LBO) - Sri Lanka signed a 100 million US dollar credit from the International Development Association (IDA), an arm of the World Bank, today to …
Sri Lanka exports fell 5-pct in June, trade gap widens 6-pct
Sept 05, 2016 (LBO) – Sri Lanka’s exports fell 5.0 percent to 897 million US dollars in June 2016, while imports dropped a slower 0.2 percent to 1,676 …
Sri Lankan rupee edges up as dollar sales surpass importer demand
Sept 05, 2016 (Reuters) – The Sri Lankan rupee was marginally higher on Monday, supported by exporter dollar sales and on lack of importer demand for the …
Sri Lanka’s industrial production shows growth in May, June
Sept 05, 2016 (LBO) - Sri Lanka's index of industrial production showed a pick up in May and June, the Department for Census and Statistics said, in its …
CDS celebrates 25 years in Sri Lankan capital market
Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), celebrates 25 years in the Sri Lankan Capital Market …
Sri Lanka expected to hold rates steady in 2016: Stan Chart
(Corrected to reflect typo in report. USD/LKR seen at 152 by end 2017) Sept 02, 2016 (LBO) - Sri Lanka is expected to hold interest rates steady for the rest …
Softlogic Capital reports Rs1.1 bln profit for year to March
Sept 02, 2016 (LBO) - Softlogic Capital PLC, the financial services holding company of the Softlogic Group, said it crossed the billion rupee profit mark and …