Sri Lankan rupee firms on dollar selling by foreign bank; stocks rise
July 13, 2016 (Reuters) – The Sri Lankan rupee rose on Wednesday as a foreign bank sold dollars on behalf of investors keen to buy local bonds after Finance …
Economy & Markets
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Dialog Axiata names Supun Weerasinghe in CEO succession plan
July 13, 2016 (LBO) - Telecommunications blue chip Dialog Axiata PLC, in a release to the Colombo Stock Exchange, said company has commenced preparation for …
Sri Lanka govt finances on track as per budget: Ravi K
July 13, 2016 (LBO) - Sri Lanka's government finances this year are on target as estimated in the last budget, Finance Minister Ravi Karunanayake said. online …
S&P rates Sri Lanka’s global bond ‘B+’
July 12, 2016 (LBO) – S&P Global Ratings has assigned its 'B+' long-term issue rating to the global bond issued by Sri Lanka (B+/Negative/B). The senior …
Sri Lanka’s sovereign bond orders hit USD5.5 bln, govt raises USD1.5 bln (Updated)
July 12, 2016 (LBO) - The Central Bank of Sri Lanka on behalf of the government successfully raised 500 million dollars through 5.5-year sovereign bonds and …
Sri Lanka’s sovereign bond orders top USD4.5 bln: source
HONG KONG/COLOMBO July 11 (Reuters) - Sri Lanka's first dual-tranche sovereign bond orders exceeded $4.5 billion while the final guidance for both tranches …
VAT increase will apply after Parliament approval: Prime Minister
July 11, 2016 (LBO) – The Supreme Court’s interim order issued today suspending VAT increase is not expected to have any adverse impact on the …
Moody’s assigns (P)B1 rating to Sri Lanka’s global bond offering
July 11, 2016 (LBO) – Moody's Investors Service has assigned a provisional rating of (P)B1 to Sri Lanka's announced US-dollar denominated bond offering. The …
Sri Lanka’s BOI signs 46 new Investment agreements in June
Jul 11, 2016 (LBO) - The Board of Investment of Sri Lanka has signed 46 new investment agreements totaling 982 million US dollars, a statement said. The …
Supreme Court issues interim order suspending VAT increase
July 11, 2016 (LBO) - Sri Lanka's Supreme Court has issued an interim order to suspend the Value Added Tax (VAT) increase. The order was issued after …
Sri Lankan rupee falls as foreign investors prefer new eurobonds
July 12, 2016 (Reuters) – The Sri Lankan rupee fell on Tuesday on a lack of exporter dollar conversions and as foreign investors cut down on rupee bond …
Brexit could heighten Sri Lanka’s BOP pressures: Moody’s
July 11, 2016 (LBO) – Brexit could heighten balance of payment pressure over Sri Lanka in the event that there was severe and prolonged market volatility, …
Asia stocks rally on US jobs relief, BoE looms
July 11 (Reuters) - Asian share markets enjoyed a relief rally on Monday as upbeat U.S. jobs data lessened immediate concerns about health of the world's …
ADB assures support for Sri Lanka including capital market reforms
Jul 11, 2016 (LBO) – The Asian Development Bank (ADB) says that Sri Lanka can aim for higher growth by boosting its private investments, connectivity and …
Sri Lanka foreign reserves at USD5.3 billion by end June: Central Bank
July 08, 2016 (LBO) – Sri Lanka’s official reserves were 5.27 billion US dollars at the end of June, down from 5.64 billion US dollars end of May, latest …
ADB to increase funding up to USD2bn in next three years
Jul 08, 2016 (LBO) - Asian Development Bank said it will scale up lending to Sri Lanka to 2 billion US dollars in loans and equity in 2017 through 2019, a …
Sri Lanka’s DIMO, Uni of Moratuwa unveils formula student race car
Jul 08, 2016 (LBO) - Diesel & Motor Engineering (DIMO), an automobile company together with the engineering students from the Mechanical Engineering …