Markets

Sri Lanka’s Central Bank increases policy rates by 50bps

July 28, 2016 (LBO) – The Monetary Board has decided to increase the main policy interest rates of the Central Bank, the Standing Deposit Facility Rate and …

Sri Lanka rupee up on bank dlr sales; c.bank rate decision eyed

July 28, 2016 (Reuters) – The Sri Lankan rupee edged up on Thursday as banks’ dollar sales surpassed mild demand for the greenback from importers, …

Sri Lankan rupee edges down on importer dollar demand

July 27, 2016 (Reuters) – The Sri Lankan rupee edged down on Wednesday due to importer dollar demand as hopes of the currency’s appreciation after a …

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, …

POLL: Sri Lanka Central Bank expected to keep policy rates steady

July 26, 2016 (Reuters) – Sri Lanka’s central bank is expected to keep its key interest rates steady for a fifth straight month on Thursday, a …

Sri Lankan rupee steady; exporter dollar sales offset importer demand

July 26, 2016 (Reuters) – The Sri Lankan rupee traded steady on Tuesday in dull trade as importer demand for the dollar was offset by greenback selling by …

Sri Lankan rupee edges up on bank dollar sales; stocks slip

July 25, 2016 (Reuters) – The Sri Lankan rupee edged up on Monday as dollar selling by a state-run bank surpassed importer demand for the greenback, dealers …

Sri Lanka Mackwoods Chairman responds to SEC’s directive

July 23, 2016 (LBO) – Chairman of Mackwoods Plantations Pvt Ltd, Dr Chrishantha Nonis, says the sale of 60.8 percent shares of Agalawatte Plantations PLC …

Sri Lankan rupee gains on dollar selling by state bank; stocks up

July 22, 2016 (Reuters) – The Sri Lankan rupee rose on Friday as dollar selling by a state-run bank surpassed mild importer demand for the greenback. …

U.S. investors prefer real estate and cash to stocks: survey

July 22, 2016 – Retail investors are showing signs they have lost faith in U.S. stocks, and that real estate and cash are the most popular investments, a …

Sri Lanka’s Amana Takaful Life Rs75 Mln IPO oversubscribed

July 22, 2016 (LBO) – The Initial Public Offering of Amana Takaful Life Limited via an offer for sale of 75 million rupees was oversubscribed on its …

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 Lankan rupee edges up on dollar sales by state bank

July 21, 2016 (Reuters) – The Sri Lankan rupee edged up on Thursday as dollar sales by a state bank outpaced the importer demand for the greenback, a day …

SEC blocks sale of Agalawatte Plantation shares in directive

July 20, 2016 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) in a directive to Claridge Stockbrokers says the sales proceeds of 304 …

Sri Lankan rupee falls on importer dollar demand; stocks up

July 20, 2016 (Reuters) – The Sri Lankan rupee fell on Wednesday due to dollar demand from importers, even as a top central bank official said proceeds from …

Sri Lankan rupee firms on dollar selling by foreign bank; stocks rise

July 13, 2016 (Reuters) – The Sri Lankan rupee rose on Wednesday as a foreign bank sold dollars on behalf of investors keen to buy local bonds after Finance …

Sri Lanka’s sovereign bond orders hit USD5.5 bln, govt raises USD1.5 bln (Updated)

July 12, 2016 (LBO) – The Central Bank of Sri Lanka on behalf of the government successfully raised 500 million dollars through 5.5-year sovereign bonds …