Economy & Markets
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Panama Papers goes online with Sri Lankan companies on list-Updated
May 09, 2016 (LBO) - The International Consortium of Investigative Journalists on Monday released a searchable database of more than 200,000 offshore entities …
Sri Lanka corporate leaders raise concerns over ad hoc tax changes
May 09, 2016 (LBO) – Members of the main committee of the Ceylon Chamber of Commerce has observed that consistency in policy should be a top priority of the …
SEC imposes restrictions on Entrust Capital Markets activities
May 09, 2016 (LBO) – Sri Lanka’s securities regulator has imposed several restrictions on Entrust Capital Markets (Pvt) Ltd (ECMPL) following regulatory …
Czech eyes hydro power, sugar and aviation in Sri Lanka
May 09, 2016 (LBO) – Czech Republic is currently looking for trade and investment opportunities in Sri Lanka, a business delegation headed by Czech …
Sri Lanka’s trade gap narrows 9.1-pct in January 2016
May 06, 2016 (LBO) – Sri Lanka’s exports fell 2.5 percent to 893.9 million US dollars in January 2016 from a year earlier while imports fell at a faster …
No one solution to reform SOEs, says Dep Minister at Advocata launch
May 06, 2016 (LBO) – Sri Lanka’s state-owned enterprises need individually crafted approaches for reforming them and one solution may not suit every …
IMF will ease Sri Lanka’s liquidity pressures, not fiscal challenges: Moody’s
May 05, 2016 (LBO) – With slower growth in the next few years and signs of financial stress for some state-owned enterprises, achieving significant fiscal …
Trinco to be developed as agri and energy hub
May 05, 2016 (LBO) – Sri Lanka’s cabinet has decided to approve a planning review to be done to develop Trincomalee and surrounding cities in the islands …
Sri Lanka’s high credit growth to private sector plateauing: Governor
May 05, 2016 (LBO) - Credit growth to Sri Lanka's private sector by commercial banks is a key variable followed in determining monetary policy. This number has …
Sri Lanka to raise USD500 mln through syndicated loan: Governor
May 04, 2016 (LBO) - Sri Lanka is planning to raise 500 million dollars through a syndicated loan and terms are being discussed, the Central Bank Governor …
New agencies to fast track Sri Lanka investment approvals
May 04, 2016 (LBO) – Sri Lanka’s government will fast track the approval of investment projects through the setting up of two new agencies, a state …
Chevron plans to expand local and regional presence
May 04, 2016 (LBO) – Chevron Lubricants Lanka said that they have no immediate plans to go to new markets but will focus on growing local and regional …
CSE to change methodology to calculate price multiples
May 04, 2016 (LBO) - Sri Lanka's Colombo Stock Exchange (CSE) said it would use quarterly earnings to calculate price multiples from May 3, 2016. online …
Ceylon Petroleum losses rise despite falling oil prices
May 04, 2016 (LBO) - State-owned Ceylon Petroleum Corporation (CPC) made a substantial loss of 18.4 billion rupee in 2015 compared with a marginal profit of …
Sri Lanka IMF agreement faces implementation risks: Fitch
May 03, 2016 (LBO) – Sri Lanka's 1.5 billion US dollar three-year IMF programme eases near-term balance-of-payments risks but will require sustained …