Economy & Markets
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Asian shares at near six week high on oil, Fed expectations
June 8 (Reuters) - Asian shares held near six-week highs on Wednesday, on a brightening outlook in the energy sector and hopes that the U.S. Federal Reserve …
Sri Lanka exports, imports decline; trade gap shrinks in February
June 07, 2016 (LBO) – Sri Lanka’s exports fell 1.7 percent to 887.7 million US dollars in February, while imports fell at a faster 5.9 percent to 1,439.3 …
Sri Lanka eyes 10 to 20 year sovereign bond issue
June 07, 2016 (LBO) – Finance Minister Ravi Karunanayake told reporters today that the government is looking at a sovereign bond issue with a tenor of 10 to …
Sri Lankan rupee trades steady; seen rising on IMF loan, inflows
June 7 (Reuters) - The Sri Lankan rupee traded steady on Tuesday as dollar conversions by exporters were offset by dollar demand by importers even as hopes …
US rates may rise gradually after Yellen’s comments, jobs report
June 07, 2016 (LBO) - U.S. interest rates may rise gradually after comments from Federal Reserve Chairwoman Janet Yellen on Monday, along with a surprisingly …
Asia stocks hit 5-week high after cautious Yellen
June 7 (Reuters) - Asian shares hit a five-week high on Tuesday after Federal Reserve Chair Janet Yellen said U.S. interest rate hikes are likely on the way, …
China wants JV projects in Sri Lanka with Indian companies
June 06, 2016 (LBO) - China wants its projects in Sri Lanka to be joint ventures either with local companies or international companies, including Indian …
Sri Lanka Central Bank clarifies reports on expenses incurred by Governor
June 06, 2016 (LBO) - Sri Lanka's Central Bank has clarified media reports about expenses incurred by the Governor. "It has been reported in the media that …
Sri Lankan rupee up as IMF approves USD1.5 bln loan
June 6 (Reuters) - Sri Lankan currency gained on Monday as investor sentiment got a boost after the International Monetary Fund approved a three-year, $1.5 …
IMF approves 36-month EFF facility of USD1.5 Bln to Sri Lanka
June 04, 2016 (LBO) - The Executive Board of the International Monetary Fund (IMF) has approved a 36-month Extended Fund Facility (EFF) to Sri Lanka for 1.5 …
Sri Lanka’s Central Bank to sell USD200mn development bonds
June 03, 2016 (LBO) – The Central Bank will issue 200 million US dollars development bonds with a tenor of 1 year, 2 years, 3 years and 5 years to local and …
Ethics crucial to business, says SEC Chairman Karunaratne
June 03, 2016 (LBO) - Ethics is crucial to business in the context of redefining our social order, Thilak Karunaratne, the chairman of Sri Lanka's Securities …
Sri Lanka Monetary Board statement on treasury bond auctions
June 02, 2016 (LBO) - Sri Lanka's Monetary Board, in a statement, says a market based mechanism has been in place since February 2015 in auctioning of Treasury …
Sri Lankan rupee forwards slightly firmer on bank dollar sales
June 2 (Reuters) - Sri Lankan rupee forwards edged up on Thursday as banks, led by state-owned lenders, sold dollars amid light demand for the U.S. currency …
Sri Lanka tea sees better demand for low growns
Jun 02, 2016 (LBO) - Sri Lanka’s tea at auction offerings saw good demand low grown with overall volumes increased, Forbes & Walker Tea Brokers said in …