MTD Walkers (KAPI) trading still halted, collapse likely to cause pain for bankers
March 13, 2019 (LBO) - Shares in Colombo Stock Exchange listed MTD Walkers (KAPI) have been halted from trading since February 14th. Investors are still …
Economy & Markets
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UK’s Flexicare launches USD 10Mn health care manufacturing facility in SL
Mar 13, 2019 (LBO) - Flexicare Lanka (Pvt) Ltd., a fully owned subsidiary of Flexicare Group, UK launched the construction of a state-of-the art modern …
Fuel prices increased; Petrol hiked to Rs.132
Mar 13, 2019 (LBO) - Sri Lanka Government increased the price of petrol (92 Octane) by 3 rupees to 132 rupees a litre and auto diesel by 1 rupee to 104 rupees …
France’s Michelin eyes Sri Lanka for new operations
Mar 13, 2019 (LBO) - A delegation from Michelin, the French tire manufacturing giant met with the Board of Investment Chairman Hemasiri Fernando and Champika …
LSEG appoints Dee Liyanwela as head of LSEG Technology Sri Lanka
Mar 12, 2019 (LBO) - The London Stock Exchange Group (LSEG) announced Dee Liyanwela has been appointed as the Head of LSEG Technology Sri Lanka, in addition to …
HVA Foods (HVA) under threat of trading suspension next week
March 12, 2019 (LBO) - Colombo Stock Exchange (CSE) listed HVA Foods (HVA) has been informed by the CSE that their stock will suspended from trading on March …
CSE listed East West Properties (EAST) reports a crippling loss, equity almost wiped out
March 12, 2019 (LBO) - Colombo Stock Exchange listed East West Properties (EAST) has reported a crippling loss which has almost wiped out the entire equity of …
SL fiscal consolidation plans challenging without policy effectiveness and faster growth
Mar 12, 2019 (LBO) - Achieving Sri Lanka's deficit and debt targets will be challenging without a significant increase in fiscal policy effectiveness and …
JICA signs LKR 48Bn concessionary loan to establish Malabe-Fort LRT
Mar 11, 2019 (LBO) - A concessionary loan agreement for JPY 30,040 million (approx. 48 billion rupees) was signed between the Government of Sri Lanka …
Interview : Present and future trends in real-estate and condo market in Sri Lanka
Mar 11, 2019 (LBO) – The Blue Ocean Group of Companies has grown into a versatile conglomerate over the past few years. The group of companies engage in …
KPMG boss suggests government should be run by Sri Lanka’s Oligarchs
March 10, 2019 (LBO) - The stage was set during one of the many post budget forums which set out to digest, analyse and critique the economic ramifications and …
Sri Lanka official reserves at USD 6.0 billion by end February
Mar 08, 2019 (LBO) – Sri Lanka’s gross official reserves were 6,005. buy valtrex online …
Sri Lanka’s bond to be listed on LSE’s International Securities Market for first time
Mar 08, 2019 (LBO) – Sri Lanka's successful international sovereign bond offering is expected to be listed on the London Stock Exchange (LSE), to be admitted …
Deal Done! – Sri Lanka executes successful $ 2.4bn sovereign bond offering
March 8, 2019 (LBO) - In possibly the most significant economic development since Sri Lanka's constitutional crisis dealt a devastating blow to her economy, …
Moody’s assigns B2 rating to Sri Lanka’s senior unsecured US dollar bonds
Mar 07, 2019 (LBO) – Moody's Investors Service has today assigned a B2 rating to the Government of Sri Lanka's senior unsecured US dollar-denominated …
Opinion: Mangala’s budget is not good enough to win an election
March 7, 2019 (LBO) - Prominent UNP politicians are coming to the forefront to laud Finance Minister Mangala Samaraweera and his budget proposals as people …
Stock investor Nimal Perera takes to twitter to bash the CSE
March 7, 2019 (LBO) - Controversial stock market investor Nimal Perera has taken to twitter to make critical remarks about the poor performance of the Colombo …
Fitch assigns Sri Lanka’s upcoming USD bonds an expected rating of B (EXP)
Mar 07, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka's upcoming US dollar-denominated bonds an expected rating of 'B (EXP)'. The rating agency said the …
Realistic budget but concern on growth & implementation: Ceylon Chamber
Mar 07, 2019 (LBO) – The Ceylon Chamber of Commerce says that the GDP growth estimates provided in the budget speech, for the period from 2019-2024 are of …
Another cash call – DFCC to tap the markets for Rs7.6bn in strikingly low priced rights issue
March 6, 2019 (LBO) - DFCC became the latest major bank in Sri Lanka to tap the capital markets in an aggressive rights issue. The bank aims too raise Rs7.6bn …