Excise duty on diesel increased to Rs13 a litre; LIOC down 9.7 pct
Aug 26, 2016 (LBO) – Sri Lanka’s government has raised excise duty on diesel by 10 rupees a litre to 13 rupees, the Finance Ministry said in a statement. …
Economy & Markets
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Sri Lankan rupee stronger on foreign bank dollar sales
Aug 26, 2016 (Reuters) – The Sri Lankan rupee traded stronger on Friday as a foreign bank sold dollars while importers buying greenback slowed down as they …
JKH reduces Keells Food Products stake for minimum float
Aug 26, 2016 (LBO) - Diversified John Keells Holdings says subsidiaries of the company have sold around 2 percent of shares in Keells Food Products to meet the …
Asia stocks tentative, dollar slips before Yellen’s rates signal
SINGAPORE/TOKYO, Aug 26 (Reuters) - Asian stocks were steady on Friday with modest losses in some markets and gains in others reflecting nervousness before a …
Sri Lankan rupee down on importer dollar demand
Aug 25, 2016 (Reuters) – The Sri Lankan rupee traded weaker on Thursday led by importer dollar demand while the central bank appeared to have stopped giving …
Sri Lanka clarifies reports on McKenzie consultancy
Aug 25, 2016 (LBO) – Sri Lanka’s National Policy and Economic Affairs Ministry has clarified certain newspaper reports saying they were aimed at sabotaging …
Sri Lanka must plug into global production networks: Harsha de Silva
Aug 25, 2016 (LBO) – Sri Lanka needs to get into the game of global production networks and needs to treat trade agreements seriously, a government minister …
Sri Lankan reforms aims to simplify tax, increase base, compliance: Minister
Aug 24, 2016 (Reuters) – Sri Lanka's new government is drafting reforms aimed at simplifying taxes, widening the tax base and increasing compliance, Finance …
Sri Lankan rupee steady; importer dollar demand offsets exporter selling
COLOMBO, Aug 24 (Reuters) - The Sri Lankan rupee was steady for an eighth session on Wednesday as exporter dollar sales were offset by importer demand for the …
Markets recover post Brexit, but political uncertainty remains
Aug 24, 2016 (LBO) - U.K. retail sales data have posted a positive outcome post-Brexit supporting markets even though some political uncertainty remains. From …
Asia stocks cement gains after recent rally, oil slips
HONG KONG, Aug 24 (Reuters) - Asian stocks consolidated recent gains on Wednesday, helped by Wall Street's rise overnight, even as oil prices slid after a …
Chinese bank to set up South Asian branch in Sri Lanka: PM
Aug 23, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament today that a Chinese bank has agreed to set up their South Asian …
Sri Lankan rupee trades steady; dollar selling by foreign investors eases pressure
Aug 23, 2016 (Reuters) –The Sri Lankan rupee held steady for a seventh straight session on Tuesday, with dealers hesitating to trade in the local currency …
GAAM: Market rallied 1.2 pct last week, Rs50 mln foreign inflow
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Asia stocks edge up, dollar dips as markets await Fed clues
SYDNEY, Aug 23 (Reuters) - Asia shares inched ahead while the dollar slipped on Tuesday as a dearth of major data left markets with little to do but second …
Sri Lanka nation wide inflation declines to 5.8-pct in July 2016
Aug 22, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index declined to 5.8 percent in July from the 6.4 percent …
VirtusaPolaris Receives Stevie Award for Investor Relations and Technical Innovation
(PRESS RELEASE) - WESTBOROUGH, Mass.,– VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading …
Sri Lankan rupee steady; importer dollar demand offsets exporter sales
COLOMBO, Aug 22 (Reuters) - The Sri Lankan rupee was steady for a sixth straight session on Monday as dollar sales by foreigners who bought government …