Sri Lanka’s Central Bank increases policy rates by 50bps
July 28, 2016 (LBO) – The Monetary Board has decided to increase the main policy interest rates of the Central Bank, the Standing Deposit Facility Rate and …
Economy & Markets
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John Keells Holdings net up 10-pct in June quarter
Jul 28, 2016 (LBO) – Sri Lanka’s diversified John Keells Holdings group profit after tax grew 10 percent to 2.6 billion rupees in the June quarter, from a …
Mahendran takes up position as advisor to Sri Lanka’s PM
July 28, 2016 (LBO) - Former Governor Arjuna Mahendran has taken up an appointment as an advisor to Prime Minister Ranil Wickremesinghe in the area of …
Sri Lanka rupee up on bank dlr sales; c.bank rate decision eyed
July 28, 2016 (Reuters) – The Sri Lankan rupee edged up on Thursday as banks' dollar sales surpassed mild demand for the greenback from importers, ahead of …
No quick fixes for Sri Lanka economy, future sunny: CB Governor
Jul 28, 2016 (LBO) - Sri Lanka's new Central Bank governor says that he aims to have stable policies with strong fundamentals as opposed to quick fixes.buy …
Sri Lankan rupee edges down on importer dollar demand
July 27, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday due to importer dollar demand as hopes of the currency's appreciation after a recent …
Yaddehige obtains interim order against NDB Bank resolution
July 27, 2016 (LBO) - Dr Sena Yaddehige has obtained an interim order restraining NDB Bank from tabling a resolution that contravenes its corporate governance …
China special investment zone to create 1mn jobs in Hambantota
Jul 26, 2016 (LBO) – The Chinese government has requested for 15,000 acres of land in Hambantota for a special economic zone that will create around one …
National Trade Union Center wants to defeat ETCA
July 27, 2016 (LBO) - The National Trade Union Centre on Tuesday started a program to deliver a million leaflets to inform the public about the issues of the …
Asian shares edge up on Wall Street lead, pre-Fed nerves limit gains
TOKYO, July 27 (Reuters) - Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with …
Malik assures ETCA and other FTAs won’t impact local jobs
Jul 26, 2016 (LBO) – Sri Lanka is currently at the formulating stage of Free Trade Agreements with China and Singapore and an “Economic Technology …
POLL: Sri Lanka Central Bank expected to keep policy rates steady
July 26, 2016 (Reuters) – Sri Lanka's central bank is expected to keep its key interest rates steady for a fifth straight month on Thursday, a Reuters poll …
Sri Lankan rupee steady; exporter dollar sales offset importer demand
July 26, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday in dull trade as importer demand for the dollar was offset by greenback selling by …
Germany grants EUR13mn for Sri Lanka development projects
July 26, 2016 (LBO) – Germany has granted 13 million Euros to Sri Lanka to implement five development projects during this year. buy ciprodex online …
Sri Lankan rupee edges up on bank dollar sales; stocks slip
July 25, 2016 (Reuters) – The Sri Lankan rupee edged up on Monday as dollar selling by a state-run bank surpassed importer demand for the greenback, dealers …
Sri Lanka Mackwoods Chairman responds to SEC’s directive
July 23, 2016 (LBO) - Chairman of Mackwoods Plantations Pvt Ltd, Dr Chrishantha Nonis, says the sale of 60. online pharmacy buy ciprodex with best prices today …
Sri Lanka needs more loans to face transitional period: PM
July 22, 2016 (LBO) – Sri Lanka's Prime Minister Ranil Wickremesinghe said the government needs some more loans from countries like China, Japan and India to …
Sri Lankan rupee gains on dollar selling by state bank; stocks up
July 22, 2016 (Reuters) – The Sri Lankan rupee rose on Friday as dollar selling by a state-run bank surpassed mild importer demand for the greenback. online …