In Pictures: Swim Week 2017 highlights new designs and Colombo port
Day 1 of Swim Week Colombo kicked off on Friday showcasing designs by Sri Lankan and international designers at the ECT Terminal of the Colombo Port. The …
Economy & Markets
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Sri Lanka’s Central Bank keeps policy rates steady
June 24, 2016 (LBO) – Sri Lanka’s Central Bank has decided to keep its key interest rates steady for a fourth straight month on Friday, despite rising …
Brexit could impact Sri Lanka borrowings, trade, says CCC
June 24, 2016 (LBO) - Sri Lanka could feel the impact of Brexit in its commercial borrowings, as the external environment becomes more volatile, while …
Sri Lankan rupee 1-wk forwards fall on importer dollar demand; Brexit weighs
COLOMBO, June 24 (Reuters) - Sri Lankan rupee one-week forwards fell on Friday as it faced pressure from a strengthening dollar after Britons voted to leave …
Sri Lanka CB Governor won’t seek reappointment until probe over
June 24, 2016 (LBO) - Sri Lanka's Central Bank Governor Arjuna Mahendran has informed the Monetary Board that he will not seek a re-appointment when his term …
Sri Lankan rupee 1-wk forwards edge up on dollar sales
June 23 (Reuters) - Sri Lankan rupee one-week forwards edged up on Thursday due to dollar selling by a state-run bank, while demand for the greenback …
Sri Lanka’s benefits from IMF depend on reform effectiveness: Moody’s
June 23, 2016 (LBO) – Moody's Investors Service says that whether or not Sri Lanka's (B1 negative) credit profile demonstrates a temporary or more enduring …
Fitch Downgrades NDB; Affirms 8 Sri Lanka Banks, Negative Outlook on DFCC, Sampath
Jun 23, 2016 (LBO) - Sri Lanka's National Development Bank PLC's (NDB) national long term rating has been downgraded to 'A+(lka)' from 'AA(lka)', Fitch …
Sri Lanka Cabinet cancels consultancy in defence HQ project
June 23, 2016 (LBO) - Sri Lanka's cabinet has decided to cancel the consultancy given to a private firm for the construction of the defence headquarters …
Asia stocks, sterling rise as Brexit anxiety abates
June 23 (Reuters) - Asian shares edged up and sterling stood close to its peak for the year on Thursday, as investors were cautiously optimistic that …
POLL-Sri Lanka Central bank expected to keep policy rates steady
June 22 (Reuters) - Sri Lanka's central bank is expected to keep its key interest rates steady for a fourth straight month on Friday, a Reuters poll showed, …
Sri Lanka recall mid income housing projects in Kandy, Galle, and Homagama
Jun 22, 2016 (LBO) – Sri Lanka’s cabinet has decided to recall proposals for housing projects in Kundasale, Homagama, Galle, and Nittambuwa and grant fresh …
Sri Lanka to obtain IDA loan for reforms, competitiveness
June 22, 2016 (LBO) – Sri Lanka's cabinet has approved obtaining a 100 million US dollar loan from the International Development Agency to develop the Sri …
Oil prices above USD50, buoyed by U.S. stock draw
June 22 (Reuters) - Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American …
Opportunities for value investors, rate hikes limited: JB Securities
June 22, 2016 (LBO) - Sri Lanka's equity market offers opportunities for value investors as market multiples have contracted, JB Securities says in their …
Sri Lankan rupee 1-wk forwards fall on importer dollar demand; stocks slip
June 22 (Reuters) - Sri Lankan rupee one-week forwards fell on Wednesday on importer dollar demand amid low liquidity for the U.S. currency after …
Sri Lanka consumer prices soar 5.3-pct in May
Jun 22, 2016 (LBO) – Sri Lanka’s inflation climbed for the fourth straight month in May after recording a fall of 0. online pharmacy buy abilify with best …
Sri Lanka’s debt higher than B, BB rated countries, Fitch data shows
June 21, 2016 (LBO) - Sri Lanka’s current debt levels are higher than its ‘B’ median peers or the previously rated ‘BB’ median, data from the ratings …
Asia shares pause, sterling stands tall as Brexit vote looms
June 21 (Reuters) - Asian shares got off to a tentative start on Tuesday, as investors paused after a rally triggered by growing expectations that …