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 …
Economy & Markets
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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 …
Moody’s changes outlook on Sri Lanka’s rating to negative from stable
June 20, 2016 (LBO) – Moody's Investors Service has today affirmed the government of Sri Lanka's foreign currency issuer and senior unsecured sovereign …
Sri Lankan rupee 1-wk forwards weaker on importer dlr demand
June 20 (Reuters) - Sri Lankan rupee one-week forwards traded weaker on Monday due to importer dollar demand while dealers said the rupee was under pressure …
Asia stocks gain as Brexit fears ebb slightly, pound surges
June 20 (Reuters) - Asian stocks gained early on Monday as rising expectations of Britain voting to remain in the European Union lifted risk sentiment and the …
Sri Lanka’s Central Bank to sell USD250mn development bonds
June 17, 2016 (LBO) – The Central Bank will issue 250 million US dollars development bonds with a tenor of 1 year and 7 months, 2 years and 7 months and 4 …
Sri Lankan rupee 1-wk forwards trade steady amid cbank moral suasion
June 17 (Reuters) - Sri Lankan rupee one-week forwards traded steady on Friday, but dealers said the local currency was under pressure due to lack of exporter …
Meeting IMF criteria key to improve ratings: Fitch Ratings
June 17, 2016 (LBO) – Sri Lanka still needs to refinance close to 3 billion US dollars for the rest of 2016 and remains vulnerable to shifts in investor …
Asian shares face weekly losses, sterling rebounds in Brexit turmoil
TOKYO, June 17 (Reuters) - Asian shares rose on Friday, but remained on track for weekly losses in a week dominated by fears that British voters will …
Sri Lanka CDS to introduce electronic voting and IPO facility this year
June 16, 2016 (LBO) – Sri Lanka’s Central Depository Systems is looking forward to introduce a fully-fledged electronic IPO and voting system during this …
Türk Exim Bank to allocate USD350mn credit line to Sri Lanka
June 16, 2016 (LBO) – Türk Exim Bank is to allocate a credit line of 350 million US dollars to the Sri Lankan government with a view to further enhancing …
Sri Lanka Women’s business chamber calls for awards applications
June 16, 2016 (LBO) - Sri Lanka's Women’s Chamber of Industry & Commerce (WCIC) has called for applications for the ‘Woman Entrepreneur of the Year …
Global treasuries plunge on Brexit, safe haven demand
June 16, 2016 (LBO) - The prospect of Britain leaving the European Union is boosting demand for safe haven assets, with bond yields falling to new lows, as the …
Sri Lanka GDP expands 5.5-pct in first quarter 2016
June 15, 2016 (LBO) – Sri Lanka’s economy expanded 5. buy orlistat online gaetzpharmacy.com/dir/orlistat.html no prescription 5 percent in the first …
Sri Lanka’s BOI signs 37 new ventures from logistics to IT
June 15, 2016 (LBO) – Sri Lanka’s Board of Investment said they entered into 37 new investment agreements during the period of April to May 2016 with a …
Sri Lanka cabinet approves reintroduction of capital gains tax
Jun 15, 2016 (LBO) - The cabinet committee on economic management has agreed to reintroduce the capital gains tax (CGT) to rectify the increase in the …
Sri Lanka’s NBT should be abolished, minimal exemptions for VAT: IMF
June 15, 2016 (LBO) – International Monetary Fund’s latest staff report has suggested that Sri Lanka should minimize the exemptions provided under the …