The Body Shop launches in Sri Lanka
Mar 01, 2016 (LBO) - The well-known British Cosmetics company, The Body Shop, has finally set foot in our paradise isle. “Gone are the days of relying on …
Economy & Markets
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Sri Lanka finds more hidden dues of past regime: Ravi Karunanayake
Mar 01, 2016 (LBO) – Sri Lanka has uncovered more dues of the past regime which will affect public finance, Finance Minister Ravi Karunanayake said. buy …
Fitch downgrades Sri Lanka rating to ‘B+’ on external debt
Feb 29, 2016 (LBO) - Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) one notch to 'B+' from 'BB-'. …
Seylan Bank net profit up 24.4 percent for full year
Feb 29, 2016 (LBO) - Seylan Bank reported a reported a record profit after tax of 3,831 million rupees for the year ended 31st December 2015, up 24.4 percent …
Colombo inflation accelerates 2.7-pct in February
Feb 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 2.7 percent in February 2016 from a year earlier, up from 0.9 percent …
Potential IMF funding helps Sri Lanka fiscal consolidation: MOODY’S
Feb 29, 2016 (LBO) – Over the next three years, potential financing from the IMF can lead to an agreement to implement fiscal consolidation, Moody’s …
Popular international stocks take a beating, say analysts
Feb 29, 2016 (LBO) - Popular stocks are taking a beating this year due to redemptions by sovereign and wealth funds, analysts say. These companies are victims …
Investrust says its money market fund outperformed in 2015
Feb 29, 2016 (LBO) - Investrust Wealth Management Ltd, a member of Investrust Holdings Ltd, said its money market fund was the best performing for the year …
Sri Lanka to go to markets after IMF meetings
Feb 29, 2016 (LBO) - Sri Lanka may go to international markets to raise up to 1.clomiphene 5 billion dollars this year after gauging the outcome of meetings …
Sri Lanka’s megapolis plan a challenge, needs experts to make it successful
Feb 26, 2016 (LBO) – Sri Lanka’s Megapolis development project’s success depends on the establishment of a separate authority to govern the project while …
Capital gains tax may kill stock market: Ravi Abeysuriya
Feb 26, 2016 (LBO) – Sri Lanka’s government should not impose a capital gains tax on the stock market as the market still runs on low trade volumes, Group …
Sri Lanka no longer a poor country, discussions with IMF constructive: CB Governor
Feb 26, 2016 (LBO) - Sri Lanka is no longer a poor country, and must rely on markets for its funding needs, Central Bank Governor Arjuna Mahendran said. An …
COPE to obtain Auditor General Report on bond issue
Feb 26, 2016 (LBO) – The Committee on Public Enterprises (COPE) has decided to obtain a report from the Auditor General regarding the controversial bond …
Sri Lanka wants to maintain rates at current levels: CB Governor
Feb 25, 2016 (LBO) - Sri Lanka's central bank governor hopes interest rates can be maintained at current levels, after a 50 basis point rate hike last week, …
Chamber welcomes ETCA; urges consultations with private sector
Feb 25, 2016 (LBO) – The Ceylon Chamber of Commerce has hailed the proposed Economic and Technology Cooperation Agreement (ETCA) with India, but has urged …
SEC reconsiders minimum public float rule: CSE
Feb 25, 2016 (LBO) – Sri Lanka’s securities regulator is reconsidering the minimum public float rule as the intention of introducing such rule was not met, …
ETCA can be a wake up call for Sri Lankans: professionals
Feb 25, 2016 (LBO) - Sri Lankan professionals say integration with India through the Economic and Technical Cooperation Agreement (ETCA) is a must for the …
Emerging markets offer long-term opportunity: Research Affiliates
Feb 25, 2016 (LBO) - Christopher Brightman, Research Affiliates’ Chief Investment Officer, says the exodus from emerging markets offers wonderful opportunity …