Ravi challenges MR again, asks for debate
June 18, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake challenged former Finance Minister and President Mahinda Rajapakse again to come for a …
Economy & Markets
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Sri Lanka stocks close higher 0.07-pct: Nestle declines 9-pct in June
Jun 17, 2015 (LBO) – Sri Lanka’s stocks closed higher at 0.07 percent with market turnover crossing the two billion and index heavy stocks recording gains, …
Sri Lanka mulls national policy for economy after polls
June 17, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake said that the government plans to bring a national policy for the economy following …
Sri Lanka’s twelve month treasury bill yields down
June 17, 2015 (LBO) - Sri Lanka’s three and six month treasury bill yields close flat at Wednesday’s auction with the twelve month yield down by one basis …
Sri Lanka’s NDB debenture oversubscribed
June 17,2015 (LBO) – Sri Lanka's National Development Bank’s debt issue was oversubscribed reciving 10 billion rupees during the early hours of the opening …
Ravi K justifies Insurance corporation MD’s appointment
June 17, 2015 (LBO) – Sri Lanka Finance Minister Ravi Karunanayake, justifying the appointment of T. online pharmacy buy diflucan with best prices today in …
Sri Lanka’s pepper to discover Chinese market
June 17, 2015 (LBO) – Sri Lanka’s pepper or the king of spices to enter into Chinese market, with a view to diversify markets-and to cash in on the …
Sri Lankan resort wear brand partners with Zalora – Asia’s largest online fashion store
June 17, 2015 (LBO) – Sri Lanka’s Rum Punch, an exclusive brand of resort wear is to be retailed on Zalora - Asia’s largest online fashion store, later …
Sri Lanka stocks close down 0.5-pct: JKH recording losses
Jun 15, 2015 (LBO) – Sri Lanka’s stocks closed down at 0.49 percent following two straight days of gains with losses in stocks like JKH, Nestle Lanka and …
Sri Lanka’s GDP grows 6.4-pct in 2015 first quarter
Jun 16, 2015 (LBO) - Sri Lanka's economy grew at 6.4 percent in the first quarter of this year with growth in the services sector, the statistics office said. …
Sri Lanka securities regulator to allow short selling in equity markets
June 16, 2015 (LBO) – Sri Lanka’s securities watchdog, the Securities and Exchange Commission says it is currently looking at the regulatory frame work to …
Investments will flow into Sri Lanka after polls: CBK
June 16, 2015 (LBO) – Investors are waiting for the upcoming election to finish in order to bring in new projects to Sri Lanka, former President Chandrika …
Sri Lanka’s FLC Hydro Power commissions its fourth power plant
June 15, 2015 (LBO) – Sri Lanka’s FLC Hydro Power which has interests in building, owning, operating and maintaining hydro power generation facilities in …
Sri Lanka stocks close up 0.3-pct for second straight day
Jun 15, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.33 percent for a second consecutive session with index heavy stocks making gains Monday, brokers …
Singer Finance to enter the Credit Card business
June 15, 2015 (LBO) - Sri Lanka’s Singer Finance said it plans to launch a credit card in the latter half of this year targeting rural consumers, the company …
Aitken Spence to build two resorts in Maldivian Islands, bullish about tourist potential
June 15, 2015 (LBO) – Sri Lanka’s Aitken Spence group said it plans to start construction of two new resorts in Maldives which will add 360 room to its …
US to test Nestlé’s Maggi after product pulled from Indian shelves
June 13, 2015 (LBO) - United States Food and Drug Administration to test Maggi noodles, which was pulled out from Indian shelves, last week foreign media …
Sri Lanka sells Rs15 bn in 07 and 09 year bonds; rupee falls to record low
June 12, 2015 (LBO) – Sri Lanka has sold 15 billion rupees of seven and nine year bonds after calling bids for 12 billion rupees of bonds, the state debt …
Sri Lanka stocks close up 0.1-pct following four days of losses
Jun 12, 2015 (LBO) – Sri Lanka’s stocks closed up at 0.14 percent following four days of losses with index heavy stocks making gains Friday, brokers said. …
Sri Lanka’s Global Glass to set up Double and Triple Glazed Units, Plans for regional exports
June 12, 2015 (LBO) – Sri Lanka’s Globe Mirror Industries, a glass merchant and a processor, rebranded as Globe Glass, said that it plans to set up a …