Category: Economy and Markets

american-doller

Sri Lanka foreign reserves rise to USD7.3 bln in Nov

Dec 29, 2015 (LBO) – Sri Lanka’s official foreign reserves increased to 7,295 million dollars at the end of November this year, up from 6,480 million dollars at the end of October after a sovereign bond issue, according to figures released by the Central Bank. This included 6,463 million dollars in foreign reserves and 756 […]

technology computer IT

‘l tech IPOs possible in 2016

Dec 28, 2015 (LBO) – Four technology startups with billion-dollar-plus valuations are getting ready for initial public offerings in early 2016, following one of the slowest technology IPO years on record, a report said. This could mean a better outlook for technology IPOs next year. Although market conditions could alter their plans, Nutanix, Okta, Twilio […]

apparel

Sri Lanka labour force 9 mn, unemployment 5 pct in 3Q: Census Dept

Dec 23, 2015 (LBO) – Sri Lanka’s labour force is about nine million in the third quarter of 2015, of which 64.5 percent are males and 35.5 percent are females, the Department of Census and Statistics said. The Department has released employment, unemployment and labour force statistics based on a sample of about 6,250 housing […]

stocks-up-lbo

Sri Lanka stocks close higher 0.06-pct

Dec 23, 2015 (LBO) – Sri Lankan stocks closed higher at 0.06 percent after two consecutive days of losses ahead of the Christmas long week-end with index heavy stock making gains, brokers said. The Colombo benchmark All Share Price Index closed higher at 4.07 points at 6,858.64 up 0.06 percent. S&P SL20 closed 1.35 points […]

Eran-Wickramaratne-5

Sri Lanka’s economic goals can be achieved through addressing brain drain: Eran

Dec 23, 2015 (LBO) – Sri Lanka’s deputy Minister of State Enterprise Development said that internationally exposed management skills of local expatriates are the need of the hour if the island nation is to achieve its expected economic targets in the near future. “Everyone only talks of capital and technology but in my experience it […]

Malik Samarawickrama

Details on new investment and exports framework in January: Malik

Dec 22, 2015 (LBO) – Sri Lanka will have its first glance of the country’s new investment and export framework as early as next January, a top Cabinet Minister said. The Board of Investment and Export Development Board are slated to become implementing arms of a new, higher level policy and strategy body consisting of […]

stocks-down-lbo

Sri Lanka stocks close down 0.4-pct: 21 month low

Dec 22, 2015 (LBO) – Sri Lankan stocks closed down at 0.39 percent for a second consecutive day with index heavy stock making losses, brokers said. The Colombo benchmark All Share Price Index closed down at 27.18 points at 6,854.57 down 0.39 percent. S&P SL20 closed 23.05 points down at 3,605.25 down at 0.64 percent. […]

Colombo-Stock-Exchange

Sri Lanka Finlay’s get regulator nod for delisting

Dec 22, 2015 (LBO) – Finlay’s Sri Lanka unit, a blender and packager of tea exports has received the approval of the Securities and Exchange Commission to delist its ordinary shares from the Colombo Stock Exchange, a statement said.. “The offer documents on the exit offer to be made by James Finlay Ltd. of London […]

Inflation

Sri Lanka inflation accelerates to 4.8-pct in November

Dec 21, 2015 (LBO) – Sri Lanka’s consumer prices rose 4.8 percent in the 12-months to November from a year earlier, from the 3.0 percent a month earlier, data from the state statistics office showed. Year on year inflation of Food Group has increased from 2.3 percent in October 2015 to 4.6 percent in November […]

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