Task force to be set up for Sri Lanka’s internally displaced: cabinet
July 08, 2016 (LBO) - Sri Lanka will set up a task force for the resettlement of "Protracted Internally Displaced Persons" in the Northern Province, a cabinet …
Economy & Markets
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Asia stocks steady, look to US jobs to soothe Brexit anxiety
July 8 (Reuters) - Asian shares were steady in early Friday trade as investors brace for U.S. jobs data to see if the world's no. 1 economy is resilient enough …
Sri Lanka foreign reserves up after Brexit, USD6.1bn now: Ravi K
July 07, 2016 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake told Parliament Thursday that the country has seen an upward movement in foreign …
Fed delays rate hike expectations over Brexit
July 07, 2016 (LBO) - The U.S. Federal Reserve has expressed reservations about hiking interest rates again, given an uncertain economic outlook tied to the …
Asia stocks bounce, upbeat U.S. data soothes nerves
July 7 (Reuters) - Asian share markets crept cautiously higher early on Thursday after upbeat U.S. economic data took the sting out of losses in European …
CB Governor’s appointment for 6 year term, Dep Governor clarifies
July 06, 2016 (LBO) – Deputy Governor of Sri Lanka’s Central Bank P Samarasiri clarifying media reports said the tenor of the new Governor is 6 years …
No urgent need to adjust Sri Lanka interest rates: CB Governor
July 06, 2016 (LBO) - Sri Lanka's newly appointed Central Bank Governor Indrajit Coomaraswamy says the monetary authority is closely watching interest rates, …
CB Governor awaits COPE outcome; bond market transparency to improve
July 05, 2016 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy told reporters Tuesday that he will look at the outcome of the COPE …
Speaker to consult Attorney General, CB Governor over bond report
July 05, 2016 (LBO) – Speaker Karu Jayasuriya has decided to consult Sri Lanka's Attorney General and new Central Bank Governor over the course of action to …
Asian shares slide as investors ponder stimulus outlook
July 5 (Reuters) - Asian shares snapped a five-day winning streak on Tuesday as investors took stock of a rally driven by hopes that central banks will provide …
Asia shares fall, bonds surge as Brexit fears resurface
July 6 (Reuters) - Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the …
New Central Bank Governor says upholding institution his primary duty
July 04, 2016 (LBO) - Sri Lanka's newly appointed Central Bank Governor Dr. Indrajit Coomaraswamy says upholding the reputation and credibility of the …
Fitch Assigns FirstTime ‘BB+(lka)’ to Sierra Cables PLC Fitch Ratings
Fitch Ratings has assigned Sri Lanka based cable manufacturer Sierra Cables PLC (Sierra) a National LongTerm Rating of 'BB+(lka)'. The Outlook is Stable. …
Asian stocks recoup losses, Aussie wobbles on uncertain election
July 4 (Reuters) - Asian shares shrugged off early losses and edged higher on Monday, while the Australian dollar was under pressure after no clear winner …
Sri Lanka’s President appoints Dr. Indrajit Coomaraswamy as Governor of Central Bank
July 02, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena has appointed Dr. Indrajit Coomaraswamy as the new Governor of the Central Bank of Sri …
Sri Lanka exports drop 11.2-pct in March, trade gap widens
July 01, 2016 (LBO) – Sri Lanka’s exports fell a faster 11.2 percent to 945.4 million US dollars in March 2016 while imports fell at a slower 0.9 percent …
Sri Lanka 1-wk rupee forwards edge down on importer demand
July 1 (Reuters) - Sri Lankan rupee one-week forwards ended slightly weaker on Friday as importer dollar demand surpassed late inward remittances ahead of …
Sri Lanka faces huge debt service requirements by July & Sept
July 01, 2016 (LBO) – Sri Lanka’s external debt service requirements are expected to be relatively larger in July and September of this year as per the …
Commercial Bank adds crosscurrency transactions to Online Banking
The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers …