Sri Lanka ‘BB-‘ rating confirmed, foreign debt, deficits high: Fitch
Apr 28, 2014 (LBO) - Fitch Ratings has confirmed a 'BB-' rating on Sri Lanka with a stable outlook on strong economic growth but said state debt was over twice …
Economy & Markets
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Sri Lanka stocks end higher
Apr 28, 2014 (LBO) - Sri Lanka's stocks end 0.07 percent higher amid net foreign buying on the board, brokers said. DFCC Bank closed 1.60 rupees higher at …
Economic sanctions on Sri Lanka not in UK’s interest: envoy
Apr 25, 2014 (LBO) - Economic sanctions on Sri Lanka are not in the interests of his country, and movers of a UN resolution are expecting progress which would …
Sri Lanka parliament approves tax breaks for Crown, JKH resorts
April 25, 2014 (LBO) - Sri Lanka's parliament has approved tax breaks for integrated resorts by Australia's Crown group and Colombo-based John Keells group. …
Sri Lanka stocks end down 0.2-pct
Apr 25, 2014 (LBO) - Sri Lanka's stocks end 0.17 percent lower with tobacco and diversified stocks losing ground amid thin foreign activity, brokers said. The …
Sri Lanka shares close up 0.1-pct
Apr 24, 2014 (LBO) - Sri Lanka's shares end 0.09 percent higher with telco and diversified stocks gaining amid strong foreign buying, brokers said. The Colombo …
New Zealand hikes interest rates again
WELLINGTON, April 24, 2014 (AFP) - New Zealand's central bank lifted interest rates for the second time in as many months on Thursday, saying it was necessary …
Sri Lanka Treasuries slightly down
Apr 23, 2014 (LBO) - Sri Lanka's 3 and 12 month Treasuries edged lower at Wednesday's auction, with the 6-month yield flat the state debt office said. The …
Sri Lanka shares end down 0.3-pct
Apr 23, 2014 (LBO) - Sri Lanka's shares end 0.31 percent lower with tobacco and diversified stocks losing ground, brokers said. Bukit Darah closed 30.50 rupees …
Sri Lanka gives tax breaks to US$220mn sugar refinery
Apr 23, 2014 (LBO) - Sri Lanka has given a 10 year tax holiday to a 220 million US dollar sugar refinery by the Hambantota port including tax free salaries for …
Sri Lanka gets natural disaster credit from World Bank
Apr 24, 2014 (LBO) - Sri Lanka has been given a 102 million US dollar credit line that can be drawn immediately after a natural disaster, as well as another …
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank
Apr 22, 2014 (LBO) - Sri Lanka's central bank held policy rates unchanged in April saying reduced central government and state enterprise borrowings has …
Sri Lanka Italy businesses in forum with Harsha
Apr 22, 2014 (LBO) - Sri Lanka-Italy Business Council, of the Ceylon Chamber of Commerce said it is hosting a forum on 'post war dividends' where Harsha de …
Sri Lanka inspiring entrepreneur: innovation comes from within
Apr 22, 2014 (LBO) - An inspiring Sri Lankan entrepreneur who broke into a global supply chain in precision tech components for the automobile industry says …
Sri Lanka stocks close higher
Apr 22, 2014 (LBO) - Sri Lanka's stocks close 0.08 percent higher with index heavy stocks gaining amid net foreign buying, brokers said. Ceylon Tobacco Company …
Sri Lanka stocks close up 0.1-pct
Apr 21, 2014 (LBO) - Sri Lanka's stocks close higher Monday with index heavy stocks gaining amid net foreign buying on the exchange, brokers said. The Colombo …
Sri Lanka’s Richard Pieris to sell Rs3.5bn in debt
Apr 17, 2014 (LBO) - Sri Lanka's Richard Pieris Company Ltd, has been given the nod to sell 3.online pharmacy …
Sri Lanka could have credit upgrade on lower budget deficit, external debt: Fitch
Apr 16, 2014 (LBO) - Sri Lanka's sovereign credit could be upgraded on a steadily narrowing budget deficit and a lower external debt burden, which were weaker …
Sri Lanka firms short of workers, over 10,000 working on tourist visas: President
Apr 13, 2014 (LBO) - Sri Lankan firms are asking to employ more foreign workers to fill labour shortfalls, with over 10,000 working in the country on tourist …
Sri lanka Softlogic Holdings downgraded by Fitch
Apr 11, 2014 (LBO) - Sri Lanka's Softlogic Holdings Plc, has been downgraded by one notch from 'A-(lka)' to 'BBB+(lka)' which is still in the investment grade, …