Sri Lanka to strengthen rupee to 129 in next two weeks: Finance Minister
June 23, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake says the government will strengthen the rupee to 129/130 against the US dollar in the …
Economy & Markets
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Sri Lanka stocks close up 0.20-pct: JKH gains
Jun 23, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.20 percent for the second consecutive day with index heavy stocks showing gains, Tuesday, brokers …
Sri Lanka sells three billion rupees in 02 and 03 year bonds
June 23, 2015 (LBO) – Sri Lanka has sold three billion rupees of two and three year bonds after calling bids for two billion rupees of bonds, the state debt …
Sri Lanka’s BOI signs Rs24.58bn investments from Jan – May 2015
June 23, 2015 (LBO) – Sri Lanka’s Board of Investment said that it has signed 42 investment agreements worth 24.58 billion rupees with enterprises …
Nestle Lanka welcomes government move to test Maggi: ITI report due Thursday
Jun 23, 2015 (LBO) – Nestle Lanka, a unit of a Swiss-based food group said, they welcomed the move by the government to test their popular brand Maggi for …
Sri Lanka’s Serendib Hotels boosted by online sales
June 23, 2015 (LBO) – Serendib Hotels Plc, a unit of Sri Lanka’s Hemas group said the group revenue increase was supported by the growth of emerging …
I am willing to serve Sri Lanka for few more years: Former CB Governor
June 23, 2015 (LBO) – Sri Lanka’s former Governor of the Central Bank, Ajith Nivard Cabraal says he is looking forward to use his knowledge and …
Key public enterprises should be managed through an independent authority: Minister
June 23, 2015 (LBO) – Sri Lanka’s Power and Energy Minister Champika Ranawaka says that the CPC, CEB, Port and Airport should be managed through an …
Sri Lanka obtains Rs 684 bn borrowings for the 4 months to April 2015
June 22, 2015 (LBO) – Sri Lanka’s new administration has obtained 684. online pharmacy buy renova with best prices today in the USA buy antabuse online buy …
Sri Lanka stocks close higher 0.06-pct
Jun 22, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.06 percent with index heavy stocks showing gains, Monday, brokers said. The Colombo benchmark …
Sri Lanka’s state-owned enterprises in commercial business skew the market: Mano
June 22, 2015 (LBO) – Sri Lanka State-Owned Enterprises in commercial business have an unfair advantage over other private companies which leads to a skewed …
Watawala Plantation share purchase by T Sinthilverl
Jun 22, 2015 (LBO) Sri Lanka's Watawala Plantations in a stock exchange filing said that T Sinthilverl has purchased 457,301 shares of Watawala Plantations on …
Fairway Holdings to invest USD10.3 mn in mid-income apartment project
June 22, 2015 (LBO) – Sri Lanka’s Fairway Holdings, a luxury high-rise developer says that they will be venturing into a 10.3 million US dollar mid-income …
Mahinda Rajapaksa is afraid of me: Ravi Karunanayake
June 19, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake says former President Mahinda Rajapaksa is afraid of him and evading the debate …
Sri Lanka stocks close down 0.4-pct : Telcos make losses
Jun 19, 2015 (LBO) – Sri Lanka’s stocks closed lower at 0.41 percent following two consecutive days of gains with telecom and some index heavy stocks …
Tokyo Cement to produce manufactured sand through JV
June 19, 2015 (LBO) – Sri Lanka’s Tokyo Cement is to invest in a joint venture to produce high quality manufactured sand and aggregates for concrete, the …
A Maldivian company to build luxury hotel in Sri Lanka with an investment of USD 3mn
June 19, 2015 (LBO) – The Board of Investment of Sri Lanka granted approval for an investment of 3 million US dollars of Alpha Kinam Holdings Lanka, a …
Cabinet approves to pay Golden Key depositors
June 18, 2015 (LBO) - Sri Lanka’s government has given approval for the repayment mechanism of the golden key depositors which was submitted by Prime …
Stocks close up 0.2 pct; JKH makes gains
June 18, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.2 percent with index heavy John Keells Holdings recording gains, brokers said. The Colombo …
Govt to allow Port City project if environmental assessment clean
June 18, 2015 (LBO) – Sri Lanka’s controversial port city project will be given a nod if there are no issues with the environmental report, cabinet …