Dollar edges away from 13-year peak, Asian stocks slip
TOKYO, Nov 17 (Reuters) - The dollar edged away from a 13-year peak on Thursday, following an easing of the week-long surge in Treasury yields that was …
Sri Lanka planters warn on land redistribution budget proposals
Nov 16, 2016 (LBO) - The Planters’ Association of Ceylon (PA) said it has serious reservations as to the feasibility and potential impact of recent budget …
Sri Lanka revenue reform a step toward stronger finances: Fitch
Nov 16, 2016 (LBO) - Sri Lanka's budget 2017 proposed tax hikes will strengthen the revenue base although some of the revenue assumptions look optimistic and …
Access Engineering PLC opens trading at CSE
(PRESS RELEASE) - Access Engineering PLC (Access)rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today. The Bell Ringing ceremony …
EU-Sri Lanka launch EUR 8mn project for SME trade competitiveness
Nov 16, 2016 (LBO) - The European Union has launched a 8 million euro project that will help Sri Lanka increase its small and medium enterprise trade …
Janashakthi reports Profit Before Tax of Rs.894 million in nine months ended 30th September
(PRESS RELEASE) - Janashakthi Insurance PLC (Janashakthi) reported a consolidated Profit Before Tax (PBT) of Rs.894 million for the nine months ended …
Asia shares win reprieve as bond rout pauses for now
TOKYO, Nov 16 (Reuters) - MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade on Wednesday, bouncing back from a …
Sri Lankan market crowded, Asian telcos under pressure in 2017: Fitch
Nov 15, 2016 (LBO) - Sri Lanka continues to be a crowded market with five operators serving a population of 21 million and set for consolidation, Fitch Ratings …
Sri Lanka’s e-commerce industry poised to take off: JLL
Nov 15, 2016 (LBO) – Sri Lanka’s online retail industry growing fast due to lack of physical infrastructure like shops and malls, Jones Lang LaSalle, …
Capitol Developers launch 50-Storey Skyscraper in Uptown Colombo
(PRESS RELEASE) - Capitol Developers Limited of the Sanken Group held the groundbreaking ceremony of its latest 470 apartment twin tower project - Capitol Twin …
Asia stocks under pressure as dollar hovers near 14-year high
HONG KONG, Nov 15 (Reuters) - The U.S. dollar hovered near on a 14-year high on Tuesday and Treasury yields extended their rise as investors braced for …
Sri Lanka property restrictions on foreigners relaxed: Budget
Nov 11, 2016 (LBO) - The Finance Minister in Budget 2017 announced measures to relax restrictions placed on property and land with regard to foreigners, and to …
Sri Lanka to add new domestic air service in 2017: Budget
Nov 11, 2016 (LBO) - Sri Lanka will introduce a new domestic airline by March 2017 to increase local connectivity, the Finance minister said. "This airline …
Asian shares dip, soaring US bond yields rattle emerging markets
TOKYO, Nov 11 (Reuters) - Asian shares dipped while the dollar strengthened broadly on Friday as U.S. bond yields soared on expectations U.S. President-elect …
Commercial Bank’s 9-month post-tax profit crosses Rs 10 billion
(Press Release) Loan book upby Rs 66.4 billionto Rs. 574.5 billion Deposits grow by Rs 86.4 billion to Rs 710.5 billio Assets reach Rs 953.3 billion, …
Sri Lanka to list Mobitel, Hyatt other state enterprises: Budget 2017
Nov 10, 2016 (LBO) - Sri Lanka's Finance Minister Ravi Karunanayake said several state-owned enterprises such as Mobitel, Hyatt, Waters Edge, Grand Oriental …
Sri Lanka to set up sugar fund with ethanol tax and cess: Ravi
Nov 10, 2016 (LBO) – Sri Lanka will set up a special price stabilization fund for sugar cane, and give state land and a 100 percent capital allowance to set …
Sri Lankan rupee trades firm on bank, exporter dollar sales
COLOMBO, Nov 10 (Reuters) - The Sri Lankan rupee traded slightly firmer on Thursday as dollar selling by exporters and banks outpaced demand for the greenback …
Fitch Affirms Standard Chartered Bank Sri Lanka Branch at ‘AAA(lka)’
(PRESS RELEASE) - Fitch Ratings-Colombo-10 November 2016: Fitch Ratings has affirmed Standard Chartered Bank, Sri Lanka Branch's (SCBSL) National Long- Term …
Nestlé Lanka’s growth at 6.1-pct in first nine months of 2016
(PRESS RELEASE) Nestlé Lanka’s growth at 6.1 % in first nine months of 2016 Sales of Rs.27.8 billion with 6.1% growth Net Profit ofRs. 3.5 billion Focuses …