Sri Lanka’s Orient Finance to raise Rs1bn through IPO
Jan 06, 2016 (LBO) – Sri Lanka’s finance sector player Orient Finance is to raise one billion rupees by way of an Initial Public Offering. buy cenforce …
Economy & Markets
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CSE obtains exchange control approval to list foreign companies
Jan 06, 2016 (LBO) – Sri Lanka’s Colombo Stock Exchange has obtained exchange control approval from the Finance Ministry to start listing foreign companies …
HNB Grameen shares to be listed in CSE
Jan 06, 2016 (LBO) – Hatton National Bank’s micro finance arm, HNB Grameen, is to list its shares in the Colombo Stock Exchange shortly, Managing Director …
Sri Lanka, Pakistan consider currency swap agreement
Jan 06, 2015 (LBO) - Sri Lanka and Pakistan will considering entering into a currency swap agreement, the Prime Minister of Pakistan Nawaz Sharif said speaking …
Sri Lanka stocks close down 0.3-pct
Jan 05, 2016 (LBO) – Sri Lankan stocks closed down at 0.33 percent with losses in index heavy and some banking sector stocks, brokers said. The Colombo …
Foreign funds overweight on India bonds
Jan 05, 2016 (LBO) - India has a positive story for bonds with some foreign funds investing in emerging markets overweight on Indian bonds, a report said. …
US, European markets tumble after China rout
Dec 05, 2015 (LBO) - U.S. and European markets tumbled following a seven percent crash of the China stock market after a survey indicated China's manufacturing …
Sri Lanka’s CB to take-over Entrust Securities
Jan 04, 2015 (LBO) - Sri Lanka's Central Bank is to take-over Entrust Securities Plc, primary dealer in government securities if the company fails to submit a …
Sri Lanka’s CB to remove restrictions on withdrawals from NRFC/RFC accounts
Jan 04, 2016 (LBO) - Sri Lanka's Central Bank is to remove restrictions on foreign currency withdrawals from foreign currency bank accounts by the end of the …
Colombo inflation decelerates to 2.8-pct in December
Jan 01, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 2.8 percent in December 2015 from a year earlier, down from 3.1 percent in …
Sri Lanka Treasury issues bonds to support state enterprises
Jan 01, 2016 (LBO) - Sri Lanka's treasury has issued 50 billion rupees in bonds to repay outstanding loans or raise capital of state-owned enterprises, a …
Sri Lanka interest rates tied to inflation, Fed: CB Governor
Jan 01, 2016 (LBO) - Sri Lanka will review policy interest rates based on inflation outlook and external factors such as Fed interest rates, the Central Bank …
Sri Lanka’s CSE removes share transaction levy
Dec 31, 2015 (LBO) - Sri Lanka's Colombo stock exchange's share transaction levy of 0.3 percent will be removed with effect from 1 January 2016, a statement …
Sri Lanka stocks close up 0.3-pct
Dec 31, 2015 (LBO) – Sri Lankan stocks closed up at 0.35 percent with gains in some banking sector stocks, brokers said. The Colombo benchmark All Share …
Sri Lanka Economic Forum with Soros, Stiglitz next month
Dec 31, 2015 (LBO) - Sri Lanka's government will host its Sri Lanka Economic Forum next month with business magnate and philanthropist George Soros and nobel …
Sri Lanka govt in informal consultation with IMF: CB Governor
Dec 31, 2015 (LBO) – Sri Lanka’s Central Bank Governor Arjuna Mahendran said that they are examining the possibilities of an International Monetary Fund …
Sri Lanka economy grew 5.2 pct in first nine months : CB-Updated
(Updated with Central Bank presentation) Dec 31, 2015 (LBO) -Sri Lanka's economy grew 5.2 percent during the first nine months of the year compared with 2.4 …