Sri Lanka corporates hope for business friendly budget
Nov 18, 2015 (LBO) - Sri Lanka's business community is looking foward to budget proposals that support the rapidly changing dynamics of the economy and address …
Economy & Markets
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Sri Lanka stocks close higher 0.06-pct: Budget concerns
Nov 18, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent on Wednesday with low turnover and volumes as investors kept on the side lines ahead of …
Sri Lanka stocks close up 0.2-pct: Gains in blue chips
Nov 17, 2015 (LBO) – Sri Lankan stocks closed up at 0.17 percent on Tuesday recovering from its four month low due to price increases in some index heavy …
Innovation crucial for Sri Lanka’s future success: ex central banker
Nov 17, 2015 (LBO) – Sri Lanka’s ability to invent and innovate will be vital for economic development and developed country status, a former central …
Norway’s Wealth Fund buys a stake in Tokyo Cement
Nov 16, 2015 (LBO) – Norway’s Norges Bank, which manages the world’s biggest sovereign wealth fund, has bought a stake in Tokyo Cement of Sri Lanka, the …
Aitken Spence net down 38-pct amid fallen revenues
Nov 16, 2015 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation, said profits in the September 2015 …
Sri Lanka stocks close down 0.5-pct: Banking and Telco losses
Nov 16, 2015 (LBO) – Sri Lankan stocks closed down at 0.51 percent on Monday with 18 week low as investors kept on the sidelines mainly on budget concerns …
Sri Lanka sets standard for plugs and socket outlets
Nov 16, 2015 (LBO) – Sri Lanka’s Public Utility Commission said that it has decided to create an enabling environment to systematically move to using one …
Analysis: Asian, Sri Lankan equities attractive on GARY valuation, says CLSA
Nov 14, 2015 (LBO) - Some equities offer dividend returns as well as earnings growth. Called Gary stocks, these are an attractive value proposition in an Asian …
Sri Lanka Telecom net down 70-pct in Sept
Nov 16, 2015 (LBO) - Sri Lanka Telecom said September 2015 quarter net profit fell 70 percent to 630 million rupees from 2014, interim accounts showed. The …
Markets react to uncertainty after Paris attacks
Nov 16, 2015 (LBO) - World markets reacted to uncertainty on Monday after attacks in Paris that killed 129 people. The Nikkei was down 0.92 percent at 2.00 GMT …
Sri Lanka stocks close lower 0.06-pct
Nov 13, 2015 (LBO) – Sri Lankan stocks closed down at 0.06 percent on Friday for a fourth consecutive session with more investor activity and volumes …
Sri Lanka’s Commercial Bank net down 2.4-pct in Sept quarter
Nov 13, 2015 (LBO) – Sri Lanka’s Commercial Bank group profit decreased 2.4 percent to 3.2 billion rupees for the three months ended September 30 compared …
Unusual U.S. financial market moves defy logic, say analysts
Nov 13, 2015 (LBO) - Several strange occurances in U.S. financial markets have raised eyebrows of market analysts amid a near-zero interest rate policy. U.S. …
Global growth prospects dim, slowest in six years: OECD
Nov 13, 2015 (LBO) - Global growth prospects have dimmed again with the global economy expanding by less than three percent in 2015, the weakest for six years, …