Asian stocks ride Wall St rally, oil extends gains
HONG KONG, Nov 22 (Reuters) - Asian stocks rose on Tuesday in the wake of solid gains in U.S. markets overnight, while the Japanese yen briefly strengthened …
Asian shares on the defensive as U.S. yields, dollar rise
TOKYO, Nov 21 (Reuters) - Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond …
Sri Lankan real estate sector sees office demand spike: OBG
Nov 18, 2016 (LBO) - The office segment of Sri Lanka’s property market is likely to see rising levels of activity over the next few years, as developers …
Dollar soars on U.S. yield gains,Asian shares wobbly
TOKYO, Nov 18 (Reuters) - The dollar vaulted to 13 1/2-year highs against a basket of major currencies as U.S. bond yields rose, leaving Asian stocks …
JICA to lend Yen23Bn for water supply project
Nov 17, 2016 (LBO) - The Japan International Cooperation Agency (JICA) signed a loan agreement with the Government to provide a Japanese loan of 23 billion Yen …
SLT to power Lanka Government Network, LGN 2.0
Nov 17, 2016 (LBO) - Sri Lanka Telecom has been chosen as the total communication service provider and communication infrastructure provider to the Lanka …
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 …