World Bank raises 2017 forecast for crude oil to USD55 per barrel
Oct 21, 2016 (LBO) - The World Bank is raising its 2017 forecast for crude oil prices to 55 US dollars per barrel from 53 per barrel following OPEC's …
Commodity
Algeria’s Rebrab to build euro 150 mln sugar refinery in Sri Lanka
Oct 13, 2016 (LBO) - The ninth wealthiest businessman in Africa, and the founder of Cevital, Issad Rebrab, will invest in Sri Lanka in a sugar refinery and a …
Sri Lanka nationwide inflation declines to 4.5-pct in Aug 2016
Sept 21, 2016 (LBO) – Sri Lanka’s consumer prices as measured by National Consumer Price Index declined to 4. online pharmacy buy ciprodex with best prices …
New markets needed to offset Sri Lanka Tea downturn: OBG
Sept 21, 2016 (LBO) - Adverse weather conditions, combined with rising costs and greater competition, threaten to weaken Sri Lanka’s position in the global …
Sri Lanka exports fell 5-pct in June, trade gap widens 6-pct
Sept 05, 2016 (LBO) – Sri Lanka’s exports fell 5.0 percent to 897 million US dollars in June 2016, while imports dropped a slower 0.2 percent to 1,676 …
Excise duty on diesel increased to Rs13 a litre; LIOC down 9.7 pct
Aug 26, 2016 (LBO) – Sri Lanka’s government has raised excise duty on diesel by 10 rupees a litre to 13 rupees, the Finance Ministry said in a statement. …
Sri Lanka’s CCPI inflation down 0.5-pct points in July 2016
July 29, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 5.5 percent in July 2016 from a year earlier, down from 6.0 percent in …
Asian shares edge up on Wall Street lead, pre-Fed nerves limit gains
TOKYO, July 27 (Reuters) - Asian stocks edged up early on Wednesday following a relatively upbeat session overnight for U.S. and European stocks, with …
Sri Lanka consumer prices NCPI soars 6.4-pct in June
July 21, 2016 (LBO) – Sri Lanka’s inflation climbed for the fifth straight month in June after recording a fall of 0.7 percent in January, according to the …
Sri Lanka tea sees better demand at auction
Jul 14, 2016 (LBO) - Sri Lankan tea prices rose at this week’s Colombo auction with some prices up by 20-30 rupees, Forbes & Walker Tea Brokers said in …
Asia stocks, sterling rise as Brexit anxiety abates
June 23 (Reuters) - Asian shares edged up and sterling stood close to its peak for the year on Thursday, as investors were cautiously optimistic that …
Oil futures fall as global growth, Brexit concerns weigh
TOKYO, June 14 (Reuters) - Crude oil futures fell in Asian trade on Tuesday, as investors ignored signs of market tightness to focus on concerns over …
Australian miner to drill for mineral samples in Puttalam, Sri Lanka
June 08, 2016 (LBO) - Australian miner Iluka Resources Ltd is expected to drill for mineral samples soon as it negotiates with the government for a mining …
Sri Lanka tea sees better demand for low growns
Jun 02, 2016 (LBO) - Sri Lanka’s tea at auction offerings saw good demand low grown with overall volumes increased, Forbes & Walker Tea Brokers said in …
Colombo inflation accelerates 4.8-pct in May 2016
May 31, 2016 (LBO) – Consumer prices in Sri Lanka’s capital Colombo has accelerated 4.8 percent in May 2016 from a year earlier, up from 3.1 percent in …
EOIs called for geophysical surveys off Mannar, Cauvery Sri Lanka
May 23, 2016 (LBO) - Sri Lanka has called for expressions of interest from geophysical exploration companies to conduct gravity, gradiometry and magnetic …
Twilight of the Petrostate and the rise of alternatives
May 23, 2016 (LBO) - Russian billionaire Petr Aven and two Moscow economists have published an article titled the "Twilight of the Petrostate" warning of …
Czech eyes hydro power, sugar and aviation in Sri Lanka
May 09, 2016 (LBO) – Czech Republic is currently looking for trade and investment opportunities in Sri Lanka, a business delegation headed by Czech …
Sri Lanka’s trade gap narrows 9.1-pct in January 2016
May 06, 2016 (LBO) – Sri Lanka’s exports fell 2.5 percent to 893.9 million US dollars in January 2016 from a year earlier while imports fell at a faster …
Ceylon Petroleum losses rise despite falling oil prices
May 04, 2016 (LBO) - State-owned Ceylon Petroleum Corporation (CPC) made a substantial loss of 18.4 billion rupee in 2015 compared with a marginal profit of …