Sri Lanka blocks sale of freehold land in USD1.4 bln Chinese deal
Aug 15, 2016 (LBO) - Sri Lanka's government on Friday agreed a new version of its $1.4 billion real estate agreement with China after changing the terms and …
Economy & Markets
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Sri Lanka rupee steady; exporter dlr sales offset by importer demand
Aug 12, 2016 (Reuters) – The Sri Lankan rupee was steady on Friday as dollar sales by foreign investors and exporters were offset by mild demand for the …
Sri Lanka to develop labour, attract workers overseas: PM
Aug 12, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said that it is time for a new human resource policy to go hand in hand with the …
Nestlé Lanka delivers 7.4 % growth, LKR 19 billion sales in H1 2016
(PRESS RELEASE) - Shivani Hegde, Nestlé Lanka Managing Director: “We have delivered steady results for the first six months of the year despite a very …
Sri Lanka gets USD128mn ADB loan for water and waste water management
Aug 11, 2016 (LBO) - The Asian Development Bank (ADB) will give a 128 million US dollar loan for a greater Colombo water and wastewater management improvement …
Sri Lanka expects USD671mn BOP surplus for 2016: Finance Minister
Aug 11, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Thursday that the government expects 671 million US dollars worth …
Sri Lankan rupee up on bank dlr sales, c.bank spot rate
COLOMBO, Aug 11 (Reuters) - The Sri Lankan rupee edged up on Thursday as exporter dollar sales by a local bank and downward adjustment of the currency by the …
Sri Lanka adopts Swiss procedure to handle unsolicited proposals
Aug 11, 2016 (LBO) – Sri Lanka’s cabinet on Tuesday decided to include the "Swiss challenge" procedure in the government procurement guidelines to be …
Wall Street dip halts Asian shares’ rising streak, oil slips
HONG KONG, Aug 11 (Reuters) - Asian shares fell on Thursday, reversing recent gains as investors took profits after Wall Street declined overnight, and oil …
Sri Lanka cabinet approves Special Deposit Account Act for foreign nationals
Aug 10, 2016 (LBO) - Sri Lanka’s cabinet has decided to approve the Special Deposits Account Act to grant residency visas for foreign individuals who bring a …
Sri Lankan rupee trades steady on state bank dollar buying
Aug 10, 2016 (Reuters) – The Sri Lankan rupee traded steady on Wednesday as exporter dollar sales were offset by purchases of the U.S. currency by state-run …
Asian shares near 1-year high, dollar slips after soft U.S. data
TOKYO, Aug 10 (Reuters) - Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Federal Reserve interest rate …
Sri Lanka Supreme Court blocks bill raising VAT
Aug 09, 2016 (LBO) - Sri Lanka's Supreme Court has ordered parliament to stop considering a bill to raise value-added tax (VAT) because the drafting of the …
GAAM: Foreign inflow of Rs797 mln into Sri Lanka stocks last week
The Guardian Acuity Asset Management Limited (GAAM) weekly report can be downloaded
Sri Lanka exports fell 12-pct in May; trade gap widens 16-pct
Aug 09, 2016 (LBO) – Sri Lanka’s exports fell 12 percent to 776.3 million US dollars in May 2016, while imports rose 0.3 percent to 1,589.8 million US …
COPE presents interim report; bond report in two weeks
Aug 09, 2016 (LBO) – Sri Lanka’s Parliamentary Committee on Public Enterprises has presented its summarized interim report for the first 3 months of this …
Sri Lankan rupee trades steady; stocks little changed
Aug 09, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday as dollar demand by importers was offset by conversions of the U.S. currency from …
Ceylinco Life head office gets biggest solar power system in Colombo
Aug 09, 2016 (LBO) - Ceylinco Life has broken new ground in the sphere of eco-friendly operations with the installation of the biggest solar electricity system …