Urbanization will play a key role in Sri Lanka’s way forward: Min Hakeem
Sep 30, 2015 (LBO) - Sri Lanka’s future will be defined by the success of its management of urbanization, Rauff Hakeem, minister of City Planning and Water …
Economy & Markets
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Sri Lanka’s biggest challenge of good governance is re-establishing and strengthening democracy says PM
Sep 30, 2015 (LBO) – Sri Lanka’s biggest challenge of good governance is re-establishing and strengthening democratic society in which government plans to …
Sri Lanka is one of the fastest growing markets in South Asia says Huawei
Sep 29, 2015 (LBO) – As Sri Lanka is one of the fastest growing market in South Asia in smart phone segment of Chinese mobile maker, Huawei, says it plans to …
Sri Lanka‘s tea exports fall for 12th consecutive month
Sep 29, 2015 (LBO) – Sri Lanka’s Tea exports, continued to decline in July 2015 for the twelfth consecutive month, due to lower demand from main tea buyers …
Sri Lanka stocks up 0.10-pct: Net foreign inflow
Sep 29, 2015 (LBO) – Sri Lankan stocks closed up 0.10 percent on Tuesday after three consecutive days of losses with gains seen some index heavy, brokers …
World Bank says Sri Lanka urbanisation higher than estimated
Sep 29, 2015 (LBO) - Urbanisation in Sri Lanka is higher than officially estimated with almost half the population living in urban areas, a senior World …
Sri Lanka trade deficit narrows by 32-pct in July
Sept 29, 2015 (LBO) - Sri Lanka's trade deficit narrowed in July from the same month last year, the central bank said. This was partly due to the base effect …
Sri Lanka wants holding company structure for public enterprises: Governor
Sept 29, 2015 (LBO) - Sri Lanka's government is looking at setting up a holding company which will own equity stakes in public enterprises, the central bank …
Sri Lanka to strengthen economy despite global scenario: Ravi K
Sep 29, 2015 (LBO) – Sri Lanka’s finance minister Ravi Karunanayake said that the government would continue to strengthen the economy despite the current …
ADB to triple lending for education in Sri Lanka
Sep 29, 2015 (LBO) – The Asian Development Bank says they will triple lending to one billion US dollars for education and will also help develop the islands …
Sri Lanka sells 04, 06 and 13 year bonds; 13 year bond yields up
Sep 28, 2015 (LBO) – The issue of treasury bonds amounting to 13 billion rupees have been oversubscribed with 64 billion rupees of bids received from …
Free flow of information vital for financial markets: CB Governor
Sept 28, 2015 (LBO) - A free flow of information is vital for financial markets to grow, Sri Lanka's Central Bank Governor Arjuna Mahendran told media on …
Colombo Stock Exchange to transform into a sustainable stock exchange
Sep 28, 2015 (LBO) – The Colombo Stock Exchange is to be transformed into a sustainable stock exchange while enhancing corporate transparency on …
Sri Lanka stocks edge lower, turnover at five week high
Sep 28, 2015 (LBO) – Sri Lankan stocks closed down 0.45 percent on Monday with losses in some index heavy and banking stocks and low retail investor …
Report of a spat with officials an exaggeration, says Governor
Sept 28, 2015 (LBO) - Sri Lanka's Central Bank Governor said on Monday that a media report of a spat with senior officials over transfers that had proved …
Sri Lanka currency now competitive after float: CB Governor
Sept 28, 2015 (LBO) - Sri Lanka's currency is now competitive after being floated last month and will support export growth, the central bank governor told …
Sri Lanka RDA engineers write to PM over DG demotion
Sept 28, 2015 (LBO) - Sri Lanka's Road Development Authority Engineers' Association (RDAEA) has written to the Prime Minister regarding the demotion of the …
Central bank holds rates unchanged; private sector credit up 21 pct
Sept 25, 2015 (LBO) - Sri Lanka's central bank held key interest rates unchanged on Monday despite credit to the private sector rising 21 percent due to low …
Foreign holding in govt securities falls by USD68 mn in last week
Sept 25, 2015 (LBO) - The holding of Sri Lanka government securities by foreign investors fell to 333.2 billion rupees in the week to September 23, from 342.8 …
Sri Lanka stocks edge lower, turnover picks up
Sep 25, 2015 (LBO) – Sri Lankan stocks closed lower 0.06 percent on Friday with investors concerned over domestic economic conditions, brokers said. The …