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Lanka Rating Agency Restrained By SEC from providing new ratings

Lanka Rating Agency Restrained By SEC from providing new ratings

June 4, 2015 (LBO) -The Securities & Exchange Commission of Sri Lanka (SEC) has taken steps to restrain Lanka Rating Agency Ltd from providing new ratings …

June 4, 2015 | Companies | Read More
Colombo, Fastest Growing City For MasterCard Tourism Index

Colombo, Fastest Growing City For MasterCard Tourism Index

June 4, 2015 (LBO) – Sri Lanka’s commercial capital – Colombo leads the pack as the fastest growing city in terms of international, overnight …

June 4, 2015 | Special Reports | Read More
Ceylinco Insurance Separates General And Life Businesses

Ceylinco Insurance Separates General And Life Businesses

June 03, 2015 (LBO) – Sri Lanka’s Ceylinco Insurance said that it separated its insurance business to continue as two different entities- Ceylinco Life …

June 3, 2015 | Banking and Finance | Read More
CSE Push For New Product Development

CSE Push For New Product Development

June 03, 2015 (LBO) – Sri Lanka’s Colombo Stock Exchange (CSE) said, that it is pushing for new instruments for development, as it will implement a …

June 3, 2015 | Markets | Read More
Sri Lanka needs out of the box thinking to face airline industry challenges: SriLankan CEO

Sri Lanka needs out of the box thinking to face airline industry challenges: SriLankan CEO

June 3, 2015 (LBO) – Sri Lanka’s state run airline needs to think out of the box to keep up with rapidly changing industry trends, the new Chief …

June 3, 2015 | Aviation | 0 | Read More
Sri Lanka’s foreign reserves upsurge to USD7.5bn in April, CB predicts further growth

Sri Lanka’s foreign reserves upsurge to USD7.5bn in April, CB predicts further growth

June 2, 2015 (LBO) – Sri Lanka’s gross foreign reserves rose to 7.5 billion US dollars in April 2015 from 6.8 billion US dollars in March, due to a 400 …

June 2, 2015 | Forex | Read More

Sri Lanka asked exporters, expats to bring dollars back to the Island: Promised a higher interest rate

June 01, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake urged all Sri Lankan exporters and expatriates to bring their money back to the …

June 1, 2015 | Economy | Read More

Sri Lanka’s bond auction sends positive signals to the world: CB Governor

May 29, 2015 (LBO) – Sri Lanka’s Central Bank Governor, Arjuna Mahendran says the local bond auction carried on a transparency manner and it sends positive …

May 29, 2015 | Economy | 0 | Read More

Sri Lanka’s foreign reserves moving towards USD 9 bn: Ravi Karunanayake

May 29, 2015 (LBO) – Sri Lanka’s government plans to increase the Island’s foreign reserves to 9 billion US dollars, Finance Minister Ravi …

May 29, 2015 | Economy | 0 | Read More
Sri Lanka needs a stronger female work force: Economist

Sri Lanka needs a stronger female work force: Economist

May 28, 2015 (LBO) – Sri Lanka needs to look at ways to address, the lower female participation in the labour force and the under employment of the educated …

May 28, 2015 | Industry | Read More
Maldivian hotel operator to build a water villa in North West Coast, Sri Lanka

Maldivian hotel operator to build a water villa in North West Coast, Sri Lanka

May 27, 2015 (LBO) – A Maldivian Hotel operator, Sun Siyam said that it plans to develop an overwater villa resort in Kalpitiya, Sri Lanka as the hotel plans …

May 27, 2015 | Tourism | Read More
Sri Lanka Treasury bill yields dropped: Central Bank

Sri Lanka Treasury bill yields dropped: Central Bank

May 27, 2015 (LBO) – Sri Lanka’s Treasury bill yields were down at Wednesday’s auction with 3-months yield dropping 01 basis points to 6.07 percent …

May 27, 2015 | Bills & Bonds | Read More
Sri Lanka’s business chamber calls for early election, says overseas business community is concerned

Sri Lanka’s business chamber calls for early election, says overseas business community is concerned

Mar 26,2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said, that the government should calls for early parliamentary election without a delay , so …

May 26, 2015 | Politics | Read More
Sri Lanka’s Chinese port city builders positive about govt. decision on project

Sri Lanka’s Chinese port city builders positive about govt. decision on project

May 26, 2015 (LBO) – Sri Lanka’s controversial Chinese funded port city project builders say that they are awaiting a positive reply from the government on …

May 26, 2015 | Economy | Read More
Sri Lanka’s former CB governor denies PM’s accusations ; Ready for TV debate

Sri Lanka’s former CB governor denies PM’s accusations ; Ready for TV debate

May 24, 2015 (LBO) – Sri Lanka’s former Central Bank Governor Ajith Nivard Cabraal said that the recent accusations aganist him were made to shift the …

May 24, 2015 | Special Reports | Read More
Sri Lanka should move from debt finance led growth to export and FDI directed growth: Saman Kelegama

Sri Lanka should move from debt finance led growth to export and FDI directed growth: Saman Kelegama

May 22, 2015 (LBO) – Sri Lanka’s economy should move towards export and foreign direct investment led growth, to maintain a sustainable growth, a senior …

May 22, 2015 | Markets | Read More
Sri Lanka’s private sector credit to grow further: Monetary Policy Review – May 2015

Sri Lanka’s private sector credit to grow further: Monetary Policy Review – May 2015

May 22, 2015 (LBO) – Sri Lanka’s Central Bank said, that private sector credit would expand in the period ahead given the low interest rate regime. …

May 22, 2015 | Economy | Read More
Fitch Rates NDB’s Subordinated Debentures ‘A+(lka)(EXP)’

Fitch Rates NDB’s Subordinated Debentures ‘A+(lka)(EXP)’

May 22, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has assigned National Development Bank PLC’s proposed subordinated debentures of up to 10 …

May 22, 2015 | Companies | Read More
Fitch Affirms Sanasa Development Bank at ‘BB+(lka)’/Stable

Fitch Affirms Sanasa Development Bank at ‘BB+(lka)’/Stable

Mar 21, 2015 (LBO) – Sri Lanka’s Fitch Ratings Lanka has affirmed Sanasa Development Bank PLC’s (SDB) National Long-Term Rating at …

May 21, 2015 | Companies | Read More
Sri Lanka’s DFCC Vardhana Bank to issue debt

Sri Lanka’s DFCC Vardhana Bank to issue debt

May 20, 2015 (LBO) – Sri Lanka, DFCC Vardhana Bank PLC, is to issue 50,000,000 subordinated and senior unsecured listed redeemable rated debentures at an …

May 20, 2015 | Banking and Finance | Read More
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