Sri Lanka tourist arrivals up 2.2-pct in Jan 2019
Feb 12, 2019 (LBO) - The total number of international tourist arrivals to Sri Lanka during January 2019 was 244,239. In comparison to January 2018, there is …
Economy & Markets
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Central Bank clarifies issues on sale of ETI Finance Ltd
Feb 12, 2019 (LBO) - Sri Lanka's Central Bank says it has come to the notice of the Bank that some misinformation is circulating pertaining to ETI Finance Ltd …
Sri Lanka stocks wake up, foreigners active but still net sellers
February 11, 2018 (LBO) - The Sri Lankan stock market has at least for today, awoken from its seemingly endless slumber. The Colombo Stock Exchange (CSE) …
Opinion: JKH board is duty bound to evaluate takeover defence/restructuring
February 11, 2019 (LBO) - John Keells Holdings (JKH) and its management seem to be asleep at the wheel. online pharmacy buy strattera with best prices today in …
Foreign investors like stability, plow $ 100mn back into Sri Lanka’s bonds
February 9, 2019 (LBO) - Foreign institutional bond investors have started to aggressively re-enter Sri Lanka's government bond market after a rapid exodus in …
Sri Lanka official reserves down to USD 6.1 billion by end January: Central Bank
Feb 08, 2019 (LBO) – Sri Lanka’s official reserve assets were 6.14 billion US dollars by the end of January this year, down from 6.92 billion US …
Foreign selling of JKH continues to plague Colombo bourse
February 8, 2019 (LBO) - The Colombo Stock Exchange (CSE) continued this week to suffer from foreign selling of stocks. buy filitra online …
UK based Flexicare sings up with BOI to manufacture disposable medical devices in Sri Lanka
Feb 08, 2019 (LBO) - Flexicare (Group) Limited, a UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art …
Teejay reports 9-month net profit of Rs 1.26Bn
Feb 08, 2019 (LBO) - Teejay Lanka PLC has achieved its fifth consecutive quarter of top and bottom line growth in the third quarter of 2018-19, demonstrating …
Eminent lawyer K Kanag-Isvaran highlights need for Tax Ombudsman
Feb 07, 2019 (LBO) – President’s Counsel Dr. K. Kanag-Isvaran, who is one of the country’s most respected lawyers highlighted the need for a “Tax …
SEC charges a person before Magistrate for failing to appear when summoned
Feb 07, 2019 (LBO) – Securities and Exchange Commission of Sri Lanka has charged a person named Vidanalage Juvenal Aruna Melan Soysa at Fort Magistrate Court …
Opinion: The Sri Lankan Rupee has bottomed
February 7, 2019 (LBO) - As the year 2018 drew to a close, the Sri Lankan currency was under attack on several fronts. The trajectory and forecasts of U.S. …
Haycarb records turnover of Rs.14.3Bn for 9 months ending Dec
Feb 07, 2019 (LBO) - Sri Lankan multinational Haycarb PLC reported revenue of Rs. 14.3 billion and profit before tax of Rs. 854 million for the nine months …
BOI inks 4 agreements for Hotel, Fabric manufacture and warehousing and logistics
Feb 07, 2019 (LBO) - Sri Lanka's Board of Investment signed agreements for 4 new projects recently. The companies representatives signed the agreements with …
Sri Lanka Customs chief P.S.M. Charles reinstated
Feb 06, 2019 (LBO) - P.S.M. Charles has been reinstated as the Director General of Customs following the its trade union alliance launching a work-to-rule …
Appropriation Bill for 2019 presented in parliament
Feb 05, 2019 (LBO) - The Appropriation Bill for the year 2019 was presented in parliament by Minister Gayantha Karunathilaka, Tuesday. The Cabinet in early …
CINV and GUAR considering options to wind up The Sri Lanka Fund
Feb 05, 2019 (LBO) – Ceylon Guardian Investment Trust PLC (GUAR) and Ceylon Investment PLC (CINV) has decided to consider options of winding up The Sri Lanka …
Harry J’s shareholding in JKH approaching 10%, stake valued at close to Rs20bn
February 5, 2019 (LBO) - Sri Lanka's richest man, Harry Jayawardena, has increased his shareholding in Colombo Stock Exchange bellwether John Keells Holdings …
From Toronto to Toddy, a Jaffna Entrepreneur’s Journey
By Jekhan Aruliah When it comes to investment in the North there is far more talk than there is action. A rare example of action is Suganthan Shanmuganathan. …
Fitch announce re calibration of Sri Lankan National rating scale
Feb 05, 2019 (LBO) - Fitch Ratings said today it will re-calibrate the Sri Lankan National Rating scale to reflect changes in the relative creditworthiness …