Asanga Ranasinghe Appointed to LAUGFS Boards
(PRESS RELEASE) - LAUGFS Holdings, a diversified business conglomerate, announced the appointment of Asanga Ranasinghe to the Boards of LAUGFS Holdings and …
Asian markets and oil up following Wall Street gains
HONG KONG, Jan 5 (Reuters) - Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting …
Asia stocks pressured by Wall Street, dollar holds below 14-yr peak
SINGAPORE, Dec 23 (Reuters) - Asian stocks stepped back in subdued trade on Friday as Wall Street took a breather from its relentless rise since the …
Finance Min releases Rs7 bn to farmers for Maha season
Dec 21, 2016 (LBO) - The Finance Ministry will release 7 billion rupees to paddy farmers as a fertilizer subsidy during the Maha cultivation season, the …
Sri Lanka approves feasibility for 100MW solar park
Dec 21, 2016 (LBO) - Sri Lanka's cabinet of ministers has approved a feasibility study for construction of a 100 megawatt solar park in Siyambalanduwa, …
Strong safeguards must accompany Asia’s infrastructure drive: ADB
Dec 21, 2016 (LBO) - Asia’s spending on growth-boosting infrastructure is set to get a tailwind from development financing while the safeguard systems used …
Sri Lanka’s BoC to open subscription for Rs8 bn debenture
Dec 20, 2016 (LBO) - Sri Lanka’s state run Bank of Ceylon is opening the subscription list of its 8th listed Rupee debenture issue on 21st December 2016. …
Sri Lankan rupee edges down on mild importer dollar demand
COLOMBO, Dec 19 (Reuters) - The Sri Lankan rupee slipped on Monday on mild importer dollar demand, as the market braced for declines in the local currency with …
Sri Lanka govt revenue up 23-pct: Finance Ministry
Dec 19, 2016 (LBO) - Sri Lanka's Finance ministry says that state revenue has increased by 23 percent during the first nine months of this year compared with …
Asia stocks find relief as China set to return seized US drone
TOKYO, Dec 19 (Reuters) - Asian shares steadied in early trade on Monday after China agreed to return a U.S. drone it had seized, easing worries about …
Sri Lanka’s economy grew 4.1-pct in third quarter
Dec 15, 2016 (LBO) - Sri Lanka’s economy grew 4.1 percent in the third quarter of 2016 with strong growth construction, a statement said. “During the …
Sri Lankan rupee weakens as c.bank raises reference rate after Fed move
COLOMBO, Dec 15 (Reuters) - The Sri Lankan rupee edged lower on Thursday as the central bank raised the spot reference rate further, a day after the U.S. …
PUCSL warns of power shortages in Q1 2017
Dec 15, 2016 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), the regulator of the state-run CEB, issued a warning after observing the risks in …
Sri Lanka vulnerable to direct and indirect effects of sustained capital outflows: Moodys
Dec 15, 2016 - Sri Lanka has been named as one of the countries that have the highest vulnerability to the direct and indirect effects of sustained capital …
Hong Kong, China stocks fall after Fed rate hike
SHANGHAI, Dec 15 (Reuters) - Hong Kong stocks slumped on Thursday morning along with other Asian markets, after the U.S. Federal Reserve raised interest rates …
CSE shines at the ‘Great HR Quiz 2016’ organized by IPM
(PRESS RELEASE) - Two teams representing the Colombo Stock Exchange (CSE) were placed as the winner and the runner up under the ‘Special Category’ at the …
Uber completes one year in Colombo,Sri Lanka
Dec 14, 2016 (LBO) - Uber, the on-demand technology company has completed a year of operations in Colombo and are looking to hire more people to join their …
ADB Maintains Stable Outlook for Asia Despite Global Uncertainties
Dec 14, 2016 (LBO) - Economic growth in developing Asia remains broadly stable, but a slight slowdown in India has trimmed the region’s growth outlook for …
“No privatization or sell off of public assets” Ravi
Dec 12, 2016 (LBO) - The government will not privatize or sell off any of the public asset and there were no provisions made under the Budget-2017 to this …
MR’s allegation that govt is selling off assets is malicious: Ravi
Dec 07, 2016 (LBO) - Sri Lanka's government rejects allegations made by former president Mahinda Rajapaksa that the government is selling off national …