Sri Lanka changes the scope of work of OCH again
Oct 15, 2015 (LBO) – Sri Lanka’s government has changed the scope of work for phase III of the Outer Circular Highway (OCH), from Kerawalapitiya to …
Economy & Markets
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Sri Lanka stocks close down 0.1-pct at three-month low
Oct 15, 2015 (LBO) – Sri Lankan stocks closed down on Thursday for a third consecutive day with economic and budget concerns keeping investors away, brokers …
Sri Lanka stocks close down 0.5-pct
Oct 14, 2015 (LBO) – Sri Lankan stocks closed down on Wednesday with continued losses in index heavy and banking sector stocks, brokers said. The Colombo …
Sri Lanka’s Treasury bill yields drop across maturities; 12 month yield down 08bps
Oct 14, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down across maturities at Wednesday’s auction with the 12-month yield dropping 08 basis points …
MasterCard, NDB to offer purchase control solutions to minimize fraud
Oct 14, 2015 (LBO) – Sri Lanka’s National Development Bank and MasterCard said that they will bring the MasterCard Purchase Control solution to Sri …
Singapore eases monetary policy with currency to appreciate slower
Oct 14, 2015 (LBO) - The Monetary Authority of Singapore will ease its policy stance for the second time this year and slow the appreciation of the Singapore …
Sri Lanka stocks close down 0.3-pct: Budget concerns
Oct 13, 2015 (LBO) – Sri Lankan stocks closed down on Tuesday with losses seen in some index heavy and telecom sector stocks with investors concerned about …
Candor to list 5-year unit trust on CSE, makes public offer
Oct 13, 2015 (LBO) - Candor Opportunities Fund, managed by Candor Asset Management, has been approved to list on the Colombo Stock Exchange with a public …
Sri Lanka stocks close higher 0.06-pct, Telco gains
Oct 12, 2015 (LBO) – Sri Lankan stocks closed higher on Monday with gains in the telecom sector stocks as lack of policy direction made the market volatile, …
Sri Lanka has full support of WB, IMF says Finance Minister
Oct 12, 2015 (LBO) - Sri Lanka has the full support of the World Bank and the International Monetary Fund, Finance Minister Ravi Karunanayake said after …
Japan provides food aid worth Rs. 275Mn to Sri Lanka’s North
Oct 10, 2015 (LBO) – Sri Lanka will receive food grant assistance worth 275 million rupees from Japan through the World Food Program (WFP), a statement …
Mid-year staff transfers, a routine matter: Central Bank
Oct 09, 2015 (LBO) – Sri Lanka’s Central Bank on Friday said their mid-year staff transfers are a routine matter and provides an employee to experience …
Sri Lanka needs a common framework for pensions: economists
Oct 09, 2015 (LBO) – All elderly in Sri Lanka should have access to at least one reliable, affordable and adequate pension, economists said. “An adequate …
Sri Lanka to revive Sathosa with help from Singapore
Oct 09, 2015 (LBO) – Sri Lanka’s state owned retail chain Lanka Sathosa aims to get support to revive from Singapore as the retail chain is making …
Not satisfied with past performance of Central Bank: PM
Oct 08, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament Thursday that he is not satisfied with the past procedures and …