Daniel Alphonsus replaces Deshal de Mel as Advisor to Finance Minister
October 3, 2019 (LBO) - Finance Minster of Sri Lanka Mangala Samaraweera, speaking at a press conference on the management of the country's debt situation, …
Resilient Sri Lanka reports positive GDP growth despite Easter Sunday terror attacks
September 19, 2019 (LBO) - Sri Lanka has reported GDP growth of 1.6% in the second quarter ended June 30, 2019. This positive growth has been reported despite …
Forward tourist bookings have fully recovered – JKH Deputy Chair
September 12, 2019 (LBO) - Forward bookings in the tourism sector of Sri Lanka's largest conglomerate, John Keells Holdings (JKH), have fully recovered on a …
Cabinet Minister Navin Dissanayake is 50 today
September 9, 2019 (LBO) - Cabinet Minister of Plantation Industries Navin Dissanayake reached the age of 50 today. Dissanayake is the son of former UNP leader …
Sri Lankan billionaire Raj Rajaratnam released after 8 years in prison
September 9, 2019 (LBO) - Former hedge fund titan and billionaire Raj Rajaratnam has been released from prison early after being incarcerated for almost 8 …
PM hails Sri Lanka’s constitutional reform in address to Maldivian legislature
September 3, 2019 (LBO) - Prime Minister Ranil Wickremesinghe is on an official visit to the Maldives where he has recently addressed the Maldivian Parliament. …
Foreign appetite for Sri Lankan bonds vanishes
September 2, 2019 (LBO) - Why have Sri Lanka's government bonds become so unattractive? Foreign institutional appetite for Sri Lanka's rupee denominated …
JKH trades above book value despite dull trading at the CSE
August 28, 2019 (LBO) - Stocks in Sri Lanka are continuing a streak of relatively dull trading with average daily turnover for the last 8 trading days hovering …
Foreign institutional bond selling spikes amid CBSL rate cuts
August 24, 2019 (LBO) - The 2018-2019 foreign exodus from Sri Lanka's government bond markets has picked up speed in recent weeks with total net outflows for …
Foreign outflows continue to plague Sri Lanka’s capital markets
July 6, 2019 (LBO) - Foreign investors continue to be net sellers of Sri Lankan stocks and bonds with net outflows reaching their highs for the year. Net …
Sri Lanka stocks come alive with S&P SL 20 up 4% for the week
July 5, 2019 (LBO) - The Colombo Stock Exchange (CSE) had one of its better weeks in recent memory with both major indices notching impressive gains for the …
Opinion: Credit to Coomaraswamy – Sri Lanka is economically stable despite political/security challenges
June 24, 2019 (LBO) - Sri Lanka is set to tap the credit markets for the second time this year. A sovereign bond is to be floated at interest rates that are …
Kavindya Thennakoon delivers inspiring commencement speech at Wellesley
June 13, 2019 (LBO) - Sri Lankan graduate Kavindya Thennakoon has delivered an inspiring commencement speech at Wellesley College, the leading women's only …
US$ 20mn foreign outflow from Sri Lanka’s bonds after CBSL cuts rates
June 8, 2019 (LBO) - Sri Lanka's government bond market saw net foreign outflows of US$20mn in the week after the Central Bank of Sri Lanka (CBSL) cut interest …
LOLC passes most Sri Lankan corporate giants with Rs11bn annual profit
June 4, 2019 (LBO) - Colombo Stock Exchange listed LOLC Holdings (LOLC) has reported an astounding profit of over Rs11bn (US$65mn) for the fiscal year ended …
Foreign flows into Sri Lanka’s stocks/bonds as security situation stabilises
June 1, 2019 (LBO) - Foreign institutions were net buyers of Sri Lankan stocks and bonds in the past week as the security situation in the country stabilises …
China quick to relax travel advisory for Sri Lanka
May 25, 2019 (LBO) - China has relaxed its travel advisory to Sri Lanka with language that says: ‘be cautious’ as opposed to language that says 'do not …
Foreign outflow from Sri Lanka government bonds reverses in past week
May 24, 2019 (LBO) - Foreign investors moved back into Sri Lanka government bonds during the past week slightly reversing significant outflows that were …
Only Conservatives can deliver Brexit – Nirj Deva MEP
May 22, 2019 (LBO) - The people of the United Kingdom will go to the polls on Thursday May 23rd to vote for who will be their representatives in the European …
Foreigners sell Sri Lanka’s stocks as EPF enters the market
May 17, 2019 (LBO) - Foreign institutional investors were net sellers of Sri Lankan equities for the past three consecutive days as the country's largest …