Sri Lanka’s Treasury bill yields up across maturities; 12 month yield up 25bps
Aug 26, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up across maturities at Wednesday’s auction with 12-month yield up 25 basis points to close at …
Economy & Markets
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CHC mandatory offer for Taprobane Holdings
Aug 26, 2015 (LBO) – Sri Lanka’s CHC Investment will be making a mandatory offer to shareholders of financial services firm Taprobane Holdings after it …
China cuts interest rates, global markets weigh move
Aug 26, 2015 (LBO) - China cut interest rates early on Wednesday supporting turbulent markets which plunged sharply in recent days on worries the large economy …
Sri Lanka tea exporters to see a silver lining in dark cloud soon: Heladiv Chief
Aug 26, 2015 (LBO) – Sri Lanka’s tea exports will see positive signs in the market in near future with prospects of a settlement to the long drawn …
Sri Lanka should think carefully before any currency devaluation: Harsha de Silva
Aug 26, 2015 (LBO) – Sri Lanka should think carefully about devaluing the rupee as it may not be a good strategy to follow, even though other countries are …
Lanka IOC Q1 profit falls with lower oil prices
Aug 25, 2015 (LBO) - Fuel retailer Lanka IOC said profits in the three months to June fell to 171 million rupees from 1. online pharmacy buy zofran with best …
Some China researchers see yuan at 7 by year end: report
25, Aug 2015 (LBO) - Some research institutions in China are working on the assumption of the yuan weakening to 7 to the dollar by year end from the current …
Asian markets volatile; China extends losses, ASPI drops 1 pct
Aug 25, 2015 (LBO) - Asian share markets temporarily bounced back before heading into the red with Chinese stocks diving, a day after their worst plunge since …
Sri Lanka’s new cabinet will face challenges with global market tumble: Policy maker
Aug 25, 2015 (LBO) – Sri Lanka’s new cabinet, which will be sworn in today, will face challenges with the uncertainty of global markets after China's …
Election Outcome Improves Ability to Pass Reforms: Moodys
Aug 24, 2015 (LBO) – Sri Lanka’s UNP-led national unity government which includes the Sri Lanka People’s Freedom Party, the second-largest political …
Stocks close down 1.9-pct amid global market uncertainty
Aug 24, 2015 (LBO) – Sri Lankan stocks closed down 1.9 percent on Monday with index heavy stocks making losses and investors taking profits amid …
Sri Lanka’s Fitch rates HDFC Bank at BBB
Aug 24, 2015 (LBO) – Sri Lanka’s Fitch Ratings on Monday assigned Housing Development Finance Corporation Bank of Sri Lanka a National Long-Term Rating of …
Sri Lanka’s CHC Investment buys 31-pct stake in Taprobane Holdings
Aug 24, 2015 (LBO) – Sri Lanka’s C H C Investment has bought a 31 percent stake in the diversified Taprobane Holdings at 5. online pharmacy buy diflucan …
Major Sri Lanka reforms in first six months: policy maker
Aug 24, 2015 (LBO) – Sri Lanka’s newly elected national unity government will make major reforms in the period of first six months to make the economy more …
Sri Lanka needs to remove taxes from exports: Harsha de Silva
Aug 22, 2015 (LBO) – Sri Lanka needs to remove taxes for exporters in order to increase exports which brings foreign earning to the country, Harsha de Silva, …
Stock markets fall most in 4 Years on worries about China
Aug 22, 2015 (LBO) - International markets took a beating on Friday on worries about China's economy. The Dow Jones Index fell 3.1 percent to finish at 16,459 …
Ceypetco To Buy Murban Crude Oil On Term Contract
22 Aug, 2015 (LBO) - Sri Lanka's Ceylon Petroleum Corp will seek to buy Murban crude oil from Abu Dhabi on term contract after previously buying the oil in the …
Sri Lanka stocks close up 0.3-pct
Aug 21, 2015 (LBO) – Sri Lankan stocks closed up 0.29 percent on Friday with index heavy stocks making gains, brokers said. The Colombo benchmark All Share …
Sri Lanka to prioritize food production, environment and drug eradication in first cabinet meeting
Aug 21, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena says he will present proposals for national programs to be implemented for local food …
Asia Capital Q1 loss lower at Rs92 million
Aug 21, 2015 (LBO) – Sri Lanka's financial services firm Asia Capital PLC reported a loss of 92 million rupees for the first quarter to June, down from a …