Economy & Markets

LOLC Group acquires 60 pct stake in Cambodian Microfinance Company for USD 20.3 Mn

Sep 16, 2014 (LBO) –Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in …

Sri Lanka stocks close down 0.61-pct

Sep 15, 2014 (LBO) - Sri Lanka's bourse closed in red mainly due to counters Commercial Bank and Carson Cumberbatch, brokers said. Commercial Bank of Ceylon …

Sri Lanka EPF Share Portfolio’s Unrealized Profits passes Rs10Bn mark

Sep 13, 2014 (LBO) - Sri Lanka's Employee's Provident Fund’s unrealized profits of the share portfolio passed 10 billion rupees on September this year, …

Fitch rates Sri Lanka’s NSB’s Senior Notes Final ‘BB-‘

Sep 12, 2014 (LBO) - Sri Lanka's Fitch Ratings has affirmed “BB” rating for the issue of US dollar dominated notes which is due 2019 of Sri …

Sri Lanka stocks close up 0.27-pct

Sep 12, 2014 (LBO) - Sri Lanka's stocks ended the week in a positive territory with the ASPI crossing 7,200 mark and S&P SL20 surpassing 4,000, brokers said. …

Sri Lanka stocks close up 0.5-pct

Sep 11, 2014 (LBO) - Sri Lanka's stocks close higher with banking and telco stocks gaining while the turnover nearing 5.6 billion rupees amid continued strong …

Sri Lanka Orient Garments to raise 824 million rupees

Sept 10, 2014 (LBO) - Sri Lanka's Orient Garments Ltd, a listed apparel exporter is to raise 824 million rupees through a right issue of 54. online pharmacy …

Sri Lanka stocks close up 0.56-pct

Sep 10, 2014 (LBO) - Sri Lanka's stocks close higher with the price gains in index heavy John Keells Holdings and Commercial Bank amid strong foreign buying, …

Sri Lanka stocks close up 0.5-pct

Sep 09, 2014 (LBO) - Sri Lanka's stocks close 0.51 percent higher with index heavy John Keells Holdings gaining amid strong foreign buying, brokers said. The …

Sri Lanka and Japan enters in to a new partnership

September 09, 2014 (LBO) – Sri Lanka and Japan enters into a new partnership to enhance the cooperation in the maritime field recognizing Sri …

Sri Lanka stocks close up 0.4-pct

Sep 05, 2014 (LBO) - Sri Lanka's stocks close 0.38 percent higher with index heavy Commercial Bank gaining amid net foreign buying, brokers said. The Colombo …

Sri Lanka stocks close up 0.2-pct

Sep 04, 2014 (LBO) - Sri Lanka's stocks close 0.19 percent higher with price gains in index heavy counters such as Nestle Lanka, Ceylon Tobacco Company and …

Sri Lanka People’s Leasing and Finance to sell Rs3bn in debentures

September 03, 2014 (LBO) - Sri Lanka's People's Leasing and Finance said it will sell up to 3. online pharmacy …

Sri Lanka stocks close down 0.1-pct

Sep 02, 2014 (LBO) - Sri Lanka's stocks close 0.09 percent lower with telco and diversified stocks losing ground amid continued low foreign participation, …

Sri Lanka stocks close lower

Sep 01, 2014 (LBO) - Sri Lanka's stocks close lower Monday, reversing the gains of tobacco and beverage stocks amid low foreign participation, brokers said. …

Sri Lanka’s inflation at 4.5-pct in August 2014: Central Bank

August 30, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.5 per cent in August 2014 compared to …

Sri Lanka stocks close up 0.6-pct

Aug 29, 2014 (LBO) - Sri Lanka's stocks close 0.61 percent higher on Friday with beverage stocks gaining despite low foreign participation, brokers said. …

Sri Lanka and Seychelles is set to promote investments

August 29, 2014 (LBO) – Sri Lanka signed a Memorandum of Understanding with Seychelles in order to promote investment and business opportunities among …

Sri Lanka inflation decreased to 3.5-pct in August 2014

August 29, 2014 (LBO) - Sri Lanka's consumer prices dropped 3.5 percent in the 12 months to August 2014, with inflation compared to 3. online pharmacy buy …

Sri Lanka stocks close up 0.1-pct

Aug 28, 2014 (LBO) - Sri Lanka's stocks close 0.10 percent higher on Thursday with index heavy John Keells Holdings gaining despite low foreign participation, …