Sri Lanka’s Amana Takaful Life Rs75 Mln IPO oversubscribed
July 22, 2016 (LBO) - The Initial Public Offering of Amana Takaful Life Limited via an offer for sale of 75 million rupees was oversubscribed on its opening …
Economy & Markets
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Sri Lanka consumer prices NCPI soars 6.4-pct in June
July 21, 2016 (LBO) – Sri Lanka’s inflation climbed for the fifth straight month in June after recording a fall of 0.7 percent in January, according to the …
World Bank pledges USD55mn loan to develop Jaffna
July 21, 2016 (LBO) – The World Bank on Wednesday pledged a 55 million US dollars loan to improve urban services, preserve cultural and environment assets, …
Sri Lankan rupee edges up on dollar sales by state bank
July 21, 2016 (Reuters) – The Sri Lankan rupee edged up on Thursday as dollar sales by a state bank outpaced the importer demand for the greenback, a day …
SEC blocks sale of Agalawatte Plantation shares in directive
July 20, 2016 (LBO) - Sri Lanka's Securities and Exchange Commission (SEC) in a directive to Claridge Stockbrokers says the sales proceeds of 304 million …
Sri Lankan rupee falls on importer dollar demand; stocks up
July 20, 2016 (Reuters) – The Sri Lankan rupee fell on Wednesday due to dollar demand from importers, even as a top central bank official said proceeds from …
Operational aspects more important than startup valuation: Nissanka
July 20, 2016 (LBO) - Operational aspects of startup IT companies are more important than discussions over valuation, a venture capital expert said at a forum …
Sri Lanka’s Port City to apply its own economic, commercial laws: PM
July 18, 2016 (LBO) – The proposed Financial City better known as the Port City will function as a special jurisdiction area with its own economic and …
Lotus Renewable to make mandatory offer for Browns Hydro Power
July 18, 2016 (LBO) - Lotus Renewable Energy (Private) Limited says it will make a mandatory offer to buy shares of Browns Hydro Power PLC after purchasing …
Sri Lanka Purchasing Managers’ Index shows manufacturing upswing in June
July 18, 2016 (LBO) - Sri Lanka's manufacturing sector showed an upswing in June, after a slowdown in the previous two months, based on the Purchasing …
LOLC client Browns Power buys 60.3 pct stake in Agalawatte
July 15, 2016 (LBO) - LOLC Securities, under rule 36 of the Company Takeovers and Mergers Code, has informed the Colombo Stock Exchange that their client …
Sri Lanka PM to meet Singapore’s leadership at South Asia Convention
July 15, 2016 (LBO) – Prime Minister Ranil Wickremesinghe is scheduled to have bilateral discussions with Singapore's president and premier during his …
Chinese business delegation to visit for B2B meetings
July 15, 2016 (LBO) - A 16-member business delegation from China will be visiting Sri Lanka on the 29th July, 2016, in a visit organised by the Beijing Lansing …
Sri Lanka tea sees better demand at auction
Jul 14, 2016 (LBO) - Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea Brokers said in …
Fitch rates Sri Lanka’s USD Bond ‘B+(EXP)’
July 14, 2016 (LBO) – Fitch Ratings has assigned Sri Lanka's upcoming US dollar-denominated bonds an expected rating of 'B+(EXP)'. The ratings agency said …
Korea pledges USD300mn development loans to Sri Lanka till 2018
July 14, 2016 (LBO) - A framework arrangement enabling Sri Lanka to obtain soft loans from the government of Korea up to 300 million dollars till 2018 was …
New incentive structure for investments in coming weeks: PM
July 13, 2016 (LBO) – Sri Lanka will unleash a new incentive structure for specific investment sectors coupled with a simplified tax system in the coming …