Finance Ministry justifies divestiture of Hyatt and Hilton Hotels
Oct 22, 2018 (LBO) – Sri Lanka’s Finance Ministry on Monday justifying the divestiture of Hyatt and Hilton Hotels said the decision was taken by the …
Economy & Markets
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Adam Investments (AINV) warned of CSE trading suspension from October 29th
October 22, 2018 (LBO) - The Colombo Stock Exchange (CSE) has notified the marketplace of an enforcement action against listed Adam Investments (AINV). …
MTD Walkers Executive Deputy Chair Jehan Amaratunga resigns from Peoples Bank board
October 20, 2018 (LBO) - Newsfirst is reporting that Jehan Amaratunga has resigned from the board of Peoples Bank. His resignation as reported by Newsfirst, …
People Bank directors ready to offer resignations on President’s request – Hemasiri Fernando
October 20, 2018 (LBO) - Hemasiri Fernando, Chairman of Peoples Bank, has said that he and the rest of the board of directors of People's Bank are ready to …
September quarterly results for Industrial Asphalts (ASPH), Tea Smallholder Factories (TSML)
October 20, 2018 (LBO) - The first quarterly results posted by CSE listed companies for the September quarter have been by Industrial Asphalts (ASPH) and Tea …
Foreign outflows from stocks/bonds Rs7.6bn/week, $ 1bn loan from China to prop reserves
October 20, 2018 (LBO) - Net foreign outflows from Sri Lanka's stock/bond markets continued at a brisk pace this past week. online pharmacy buy oseltamivir …
High Court issues interim order against Dr. Ali Gulamhusein and Malayandi Jeyapragash
October 19, 2018 (LBO) - Colombo Stock Exchange (CSE) listed Ceylon & Foreign Trades (CFT) recently released a disclosure with regard to its legal matters. …
Govt. will support retail sector to make Sri Lanka a regional shopping destination: Fin Min
Oct 19, 2018 (LBO) - Opportunities for the retail sector will continue to expand with Sri Lanka recently crossing the US 4,000 dollar GDP per capita …
Mangala reveals fuel pricing formula
Oct 18, 2018 (LBO) - Sri Lanka's Finance Minister Mangala Smaraweera reveled to media the recently introduced fuel price formula calculation method following …
BOI rejects reports about resignation of its Director General
Oct 18, 2018 (LBO) – Sri Lanka’s Board of Investment on Thursday rejected media reports that its Director General Duminda Ariyasinghe has tendered his …
Dr. Ali Gulamhusein resigns from People’s Leasing board, amid litigation/floundering listed companies
October 17, 2018 (LBO) - Controversial Colombo Stock Exchange (CSE) investor Dr. Ali Asgar Shabbir Gulamhusein has resigned as an independent non-executive …
You’re Fired! – President sacks boards of the BOI, Bank of Ceylon and People’s Bank
October 17, 2018 (LBO) - Media and political sources say the announcement of the dissolution of the boards of directors of the Board of Investment (BOI), Bank …
Sri Lanka secures USD1Bn Foreign Currency Term Financing Facility
Oct 17, 2018 (LBO) – Sri Lanka has secured 1,000 million US dollars from the China Development Bank (CDB) under the Foreign Currency Term Financing Facility …
Sri Lanka plans new import controls for non essential goods
Oct 17, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Finance Ministry to study the current imports and submit a report on …
Sri Lanka vehicle registrations down in Sept 2018
Oct 17, 2018 (LBO) - Sri Lanka's motor car registrations dropped to 4,990 units in September 2018 from 7,003 in the previous month following hike in taxes …
Only 8-pct of Sri Lanka’s 2018 budget promises progressing on track: Verité
Oct 16, 2018 (LBO) – Sri Lanka’s private think tank Verité Research has found out that only 8 percent of promises announced in the 2018 budget are …
Controversial investor Nimal Perera discloses stock market positions in DailyFT report
October 16, 2018 (LBO) - In a high profile report in the DailyFT, controversial Colombo Stock Exchange (CSE) investor Nimal Perera disclosed his stock …
JKH shares trade Rs1.3bn for the day, most transactions at 126-127/share
October 16, 2018 (LBO) - Shares of recently sinking market bellwether John Keells Holdings (JKH) have transacted close to Rs1.buy flagyl online buy flagyl …
Sri Lanka’s growth to recover and remain at 4-pct : World Bank
Oct 16, 2018 (LBO) - Sri Lanka's economic growth is projected to recover from the effects of last year’s weather disruptions, which negatively affected …
Foreign outflow from the CSE $ 10mn on the day, $ 50mn for 2018
October 15, 2018 (LBO) - Foreign outflow out of the Sri Lankan stock market topped Rs1.7bn (US$10mn) on the day as the former owner of Singer Sri Lanka (SINS) …