Sri Lanka’s Fitch affirms ratings of seven Finance Companies
Aug 11, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed the ratings of People's Leasing and Finance, Central Finance Company, Melsta Regal Finance, …
Economy & Markets
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Sri Lanka needs reforms to bloated govt sector to drive growth: Eran
Aug 11, 2015 (LBO) – Sri Lanka’s bloated state sector, which comprises 1.5 million employees who are paid from ordinary people’s money, needs reforms to …
Sri Lanka stocks close up 1.2-pct
Aug 11, 2015 (LBO) – Sri Lanka’s stocks closed up 1.20 percent on Tuesday, with gains seen across the board on hopes of political stability after the …
China devalues yuan by 1.9 pct against dollar
Aug 11, 2015 (LBO) - Calling it a one-time fix, China's central bank devalued its tightly-controlled currency, the yuan, by 1. online pharmacy buy diflucan …
Sri Lanka’s Hayleys Q1 profits up 42 pct to Rs522mn
Aug 11, 2015 (LBO) – Profits at Sri Lanka’s diversified Hayleys group rose 42. buy synthroid online …
Aitken Spence net down 44-pct amid energy sector losses and downturn in Maldives
Aug 10, 2015 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation, said profits in the June 2015 quarter …
Sri Lanka stocks close higher 0.10-pct
Aug 10, 2015 (LBO) – Sri Lanka’s stocks closed higher 0.10 percent on Monday, with gains in some index heavy stocks, brokers said. The Colombo benchmark …
Sri Lanka’s Balangdoa Plantations reports Rs75mn loss
Aug 10, 2015 (LBO) – Sri Lanka’s Balangoda Plantations, a unit of listed Distilleries Corporation, made a loss of 75 million rupees in the quarter to June, …
Sri Lanka’s PM says 2.5mn Freehold lands to come into market
Aug 10, 2015 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said, the government will provide freehold land titles for those who have enjoyed …
Sri Lanka’s Dialog Axiata net up 15–pct in June quarter
Aug 07, 2015 (LBO) – Sri Lanka's Dialog Axiata, which has interest in mobile, fixed telecom and pay television said group profits rose 15 percent to 1.90 …
Sri Lanka stocks close lower 0.09-pct
Aug 07, 2015 (LBO) – Sri Lanka’s stocks closed lower 0.09 percent on Friday, with losses seen in some index heavy stocks and investors taking profits, …
Sri Lanka Watawala Plantation profits drop; palm oil supports bottomline
Aug 07,2015 (LBO) – Sri Lanka’s Watawala Plantations said it made a profit of 131 million rupees in the June 2015 quarter, down 43 percent, compared with …
Sri Lanka’s Textured Jersey Lanka profits up 26-pct
Aug 07, 2015 (LBO) - Textured Jersey Lanka, a Hong Kong-Sri Lanka joint venture textile firm said group profits rose 26 percent to 206 million rupees in the …
Sri Lanka’s ‘B+’ rating confirmed: S&P rating
Aug 07, 2015 (LBO) - Standard & Poor's ratings has confirmed Sri Lanka's 'B+' rating with a stable outlook, a statement said. "Foreign reserves will grow, …
Sri Lankan businesses should use digital space more, online payment gateways are to come: ICTA Chief
Aug 07, 2015 (LBO) – Sri Lankan businesses need to use digital space more as internet-powered shopping across national borders has created “modern spice …
Sri Lanka’s Expolanka net up 28-pct in June quarter
Aug 06, 2015 (LBO) – Group profits at Expolanka Holdings with interest in logistics rose 28 percent to 222 million rupees in the June quarter from a year ago …
Sri Lanka’s President assures support and freedom for private sector to engage in businesses
Aug 06, 2015 (LBO) – Sri Lanka’s President Maithripala Sirisena assured fullest support for private sector businesses to operate freely while government …
Sri Lanka’s Fitch Affirms Ceylon Dollar Bond Fund at BB-/V-5
Aug 05, 2015 (LBO) – Sri Lanka’s Fitch Ratings has affirmed Ceylon Dollar Bond Fund's Fund Credit Quality Rating of 'BB-' with a Fund Volatility Rating of …
Sri Lanka stocks close up 0.8 -pct: Six-month high
Aug 05, 2015 (LBO) – Sri Lanka’s stocks closed up 0.77 percent on Wednesday, with the market picking up after losses yesterday and positive investor …
Sri Lanka’s six and twelve months Treasury bill yields up
Aug 05, 2015 (LBO) – Sri Lanka’s Treasury bill yields were up at Wednesday’s auction with the 6-month yield up 07 basis points to close at 6. buy albenza …