Economy & Markets
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90-pct vehicle leasing facility to come into effect today
Oct 29, 2015 (LBO) - Sri Lanka's Finance Ministry said that a 90 percent loan margin of leasing facility for motor vehicles will come into effect from …
Browns Capital invest Rs407mn in Sri Lanka’s solar power plant
Oct 29, 2015 (LBO) - Browns Capital PLC had invested 407 million rupees in Saga Solar power private limited who are in the business of solar power to acquire a …
U.S. Fed leaves open possible Dec rate hike
Oct 29, 2015 - (LBO) - The U.S. Fed has indicated that a December rate hike is a possibility outlining how economic activity has been expanding at a moderate …
Income security for older persons in Sri Lanka, a key future concern
Oct 29, 2015 (LBO) – Sri Lanka’s pension schemes need to be reevaluated as an adequate pension is essential to ensure income security for the elderly to …
Sri Lanka’s sovereign bond issue oversubscribed by 2.2 times: Central Bank
Oct 28, 2015 (LBO) – Sri Lanka's Central Bank on behalf of the Government has raised 1,500 million US dollars through a 10-year International Sovereign Bond …
Sri Lanka stocks close up 0.15-pct: Institutional buying
Oct 28, 2015 (LBO) – Sri Lankan stocks closed higher at 0.15 percent on Wednesday with gains in index heavy stocks and institutional buying and foreign …
Sri Lanka Treasury bill yields down
Oct 28, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down on Wednesday’s auction, data from the state debt office showed. online pharmacy buy …
Sri Lanka ranked 107 in ease of doing business index 2016
Oct 28, 2015 (LBO) – Sri Lanka was ranked 107 in the World Bank's "Doing Business 2016" index, which measures the ease of doing business in 189 different …
Sri Lanka Watawala Plantation profits up; palm oil supports bottom-line
Oct 28, 2015 (LBO) – Sri Lanka’s Watawala Plantations said it made a profit of 141 million rupees in the September 2015 quarter, up 354 percent, compared …
Sri Lanka raises USD1.5bn in Sovereign Bond issue: report
Oct 28, 2015 (LBO) – Sri Lanka has raised 1.5 billion dollars from a 10-year sovereign bond issued to international investors at 6.85 percent, a report …
Sri Lanka’s rupee is way over sold, says technical analyst
Oct 28, 2015 (LBO) -Sri Lanka’s rupee which was floated in September is way over sold and won't depreciate further, an analyst said. “The LKR has …
Sri Lanka 10-year sovereign bond gets orders over USD2.5 bn: report
Oct 27, 2015 (LBO) - Sri Lanka has opened a 10-year sovereign bond issue to international investors with a price guidance of 6.85 percent to raise at least 500 …
At treasury bond auction Rs45.4 bn bids accepted
Oct 26, 2015 (LBO) – Sri Lanka’s Treasury bond auction on Monday for 30 billion rupees in bonds received bids amounting to 129.7 billion rupees. The …
Fitch Assigns Sampath Bank’s Subordinated Debt Final ‘A(lka)’
Oct 26,2015 (LBO) - Fitch Ratings has assigned Sri Lanka's Sampath Bank PLC's Base lI-compliant subordinated debentures of up to seven billion rupees , a …
Sri Lanka stocks close flat on six week low
Oct 26, 2015 (LBO) – Sri Lankan stocks closed higher 0.03 percent on Monday low volumes traded, brokers said. The Colombo benchmark All Share Price Index …
Central banks may use negative interest rates as stimulus
Oct 26, 2015 (LBO) - Negative interest rates is a possibility in the United States following in the foot steps of interest rates pushed below zero in countries …
India’s Sandal Lands mulls USD 25 mn FDI on Sri Lanka’s real estate
Oct 26, 2015 (LBO) - Sandal Lands (Pvt) Ltd of India said they are in talks with Sri Lanka's urban development agency to seek opportunities to invest up to 25 …