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Daniel Alphonsus replaces Deshal de Mel as Advisor to Finance Minister

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, …

October 3, 2019 | Politics | Read More
Resilient Sri Lanka reports positive GDP growth despite Easter Sunday terror attacks

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 …

September 19, 2019 | Economy, Economy & Markets | Read More
Forward tourist bookings have fully recovered – JKH Deputy Chair

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 …

September 12, 2019 | Economy & Markets, Tourism | Read More
Cabinet Minister Navin Dissanayake is 50 today

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 …

September 9, 2019 | People, Politics | Read More
Sri Lankan billionaire Raj Rajaratnam released after 8 years in prison

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 …

September 9, 2019 | Legal, Other, People, World | Read More
PM hails Sri Lanka’s constitutional reform in address to Maldivian legislature

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. …

September 3, 2019 | Politics | Read More
Foreign appetite for Sri Lankan bonds vanishes

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 …

September 2, 2019 | Bills & Bonds, Economy & Markets | Read More
JKH trades above book value despite dull trading at the CSE

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 …

August 28, 2019 | Companies, Economy & Markets | Read More
Foreign institutional bond selling spikes amid CBSL rate cuts

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 …

August 24, 2019 | Bills & Bonds, Economy & Markets | Read More
Foreign outflows continue to plague Sri Lanka’s capital markets

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 …

July 6, 2019 | Economy & Markets, Markets | Read More
Sri Lanka stocks come alive with S&P SL 20 up 4% for the week

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 …

July 5, 2019 | Economy & Markets | Read More
Opinion: Credit to Coomaraswamy – Sri Lanka is economically stable despite political/security challenges

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 …

June 24, 2019 | Economy & Markets, Opinion | Read More
Kavindya Thennakoon delivers inspiring commencement speech at Wellesley

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 …

June 13, 2019 | People | Read More
US$ 20mn foreign outflow from Sri Lanka’s bonds after CBSL cuts rates

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 …

June 8, 2019 | Economy & Markets, Markets | Read More
LOLC passes most Sri Lankan corporate giants with Rs11bn annual profit

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 …

June 4, 2019 | Banking and Finance, Companies, Economy & Markets | Read More
Foreign flows into Sri Lanka’s stocks/bonds as security situation stabilises

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 …

June 1, 2019 | Economy & Markets, Markets | Read More
China quick to relax travel advisory for Sri Lanka

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 …

May 25, 2019 | Industry, Tourism | Read More
Foreign outflow from Sri Lanka government bonds reverses in past week

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 …

May 24, 2019 | Economy & Markets, Markets | Read More
Only Conservatives can deliver Brexit – Nirj Deva MEP

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 …

May 22, 2019 | People, Politics, World | Read More
Foreigners sell Sri Lanka’s stocks as EPF enters the market

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 …

May 17, 2019 | Economy & Markets, Markets | Read More
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