Sri Lanka female labor force should shift into technology-related sectors: ADB
Sep 15, 2015 (LBO) – Sri Lanka’s female labour force needs to shift from traditional jobs in education and health sector to more technology-related ones, a …
Economy & Markets
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World Bank says Shortage of Long-Term Finance Blunts Progress in Developing Countries
Sep 15,2015 (LBO) - A shortage of long-term financing since the 2008 crisis is choking the investment-backed growth of companies in developing countries and …
Sri Lanka Planters Association says tea industry might survive with new pay model
Sep 15, 2015 (LBO) – Sri Lanka’s Planters Association says that tea industry, which is in a revenue crisis, might have a chance to survive if its new …
Fitch Withdraws Rating on Ceylon Income Fund; Ceylon Asset Management responds
Sep 14,2015 (LBO) - Fitch Ratings said it has withdrawn Ceylon Income Fund's National Fund Credit Quality Rating of A(lka)' saying there is no National …
Sri Lanka PM will not discuss CEPA on Indian visit: Int’l Trade Minister
Sep 14, 2015 (LBO) – Sri Lanka will not discuss or sign the Comprehensive Economic Partnership Agreement, during the prime minister’s official visit to …
ICRA Lanka assigns A-(Stable) rating to First Capital Treasuries
Sep 14, 2015 (LBO) – ICRA Lanka has assigned the Issuer rating of [SL] A- with stable outlook to First Capital Treasuries Limited. The rating agency has also …
Wall Street deeply divided on this week’s rate decision
Sept 14, 2015 (LBO) - U.S. analysts are deeply divided on whether the Fed should increase rates on September 17, it's first rate hike in nearly a decade. Some …
Hayleys employees benefit from share trust dissolution
Sept 13, 2015 (LBO) - Employees of Hayleys PLC will benefit from the dissolution of its Employees' Share Trust and hold shares worth around a billion rupees, …
Japan looks for investment opportunities in Sri Lanka: Finance Minister
Sep 11, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that Japan has showed interest in investing in wide areas of activities in terms …
Sri Lanka’s spending on dairy imports up 18-pct in 2014, exports drop 8-pct
Sep 11, 2015 (LBO) - Sri Lanka’s expenditure on dairy and dairy products imports rose by 18 percent from a year earlier to 44 billion rupees during 2014, a …
US DOJ issues new guidelines on corporate fraud prosecution
Sept 11, 2015 (LBO) - The U.S. Department of Justice says it would be better off focusing on individuals that commit corporate crimes rather than focus on …
IMF has not made budget proposals: Finance Minister
Sep 10, 2015 (LBO) - Sri Lanka’s Finance Minister Ravi Karunanayake said that no budget proposals have been made by the visiting mission from the …
Sri Lanka stocks close down 0.3-pct; Asian markets lower
Sep 10, 2015 (LBO) – Sri Lankan stocks closed down 0.32 percent on Thursday following losses in regional markets with telecom and beverage sector …
Sri Lanka falls on Open Budget Index 2015, says Verité
Sep 10, 2015 (LBO) – Sri Lanka has ranked among countries in the world that provides the public with minimal budget information, a new survey showed. online …
China’s stock crash a direct result of authoritarian policies: Razeen Sally
Sept 10, 2015 (LBO) - China's stock bubble and subsequent crash that sent shockwaves across the global economy is the direct result of authoritarian policies, …
Emerging market central bankers want Fed to raise rates: report
Sept 10, 2015 (LBO) - Central bankers in emerging markets want the US Federal Reserve to increase interest rates sooner rather than later to end market …
Sri Lanka hoteliers cannot work in isolation, says Keells Deputy Chairman
Sep 10, 2015 (LBO) – Sri Lanka hoteliers alone cannot make the industry to grow but with collaboration we can, Ajit Gunewardene, deputy chairman of John …
Govt increases taxes on sugar and potatoes
Sep 09, 2015 (LBO) – Sri Lanka increased the import tax on potatoes by 10 rupees per kilogram and commodity levy of imported sugar by 12 rupees today. online …
Sri Lanka stocks close up 0.8-pct; More retail activity
Sep 09, 2015 (LBO) – Sri Lankan stocks closed up 0.83 percent on Wednesday with index heavy and banking sector stocks showing gains, brokers said. The …
Interview: SriLankan to fly more to India, Japan, China; eyes profitability next year
Sep 09, 2015 (LBO) – The national carrier SriLankan Airlines is planning to cut some unprofitable routes and expand to India, Japan and China, Ajith Dias, …