Shares hit 15-month closing low on foreign selling

(Colombo) REUTERS: Sri Lankan shares extended losses yesterday to hit their lowest close i...


Govt. sanctions study on infrastructure sharing to expedite digitization

Sri Lanka is to set up a committee of experts to study the possibility of sharing the infr...


Central Bank seen on hold but rate hike not ruled out

(Colombo) REUTERS: Sri Lanka’s Central Bank is likely to keep key interest rates unc...


Bangladesh blames Sri Lanka for slow progress in proposed FTA

The Bangladeshi government blamed Sri Lanka’s “unstable political situation&rd...


Shares hit by continued foreign selling

(Colombo) REUTERS: Sri Lankan shares extended falls yesterday to a 15-month closing low as...


Final decision on Kerawalapitiya LNG plant delayed until SC verdict on FR case

President Maithripala Sirisena yesterday directed the Cabinet to delay the final decision ...


Rupee slips; dollar selling by State bank caps fall

(Colombo) REUTERS: The Sri Lankan rupee edged lower for a second straight session yesterda...


Brush maker BPPL invests in new Rs.180mn filament extrusion plant

Listed brush maker, BPPL Holdings PLC said it has invested Rs.180 million in a new monofil...


Waning finance company asset quality under spotlight

The asset quality of the non-bank finance sector is not something which often comes to the...


ComBank announces appointments of new MD, COO

Commercial Bank of Ceylon PLC has announced the appointments of Sivakrishnarajah Renganath...


Shares post worst fall in 28 months on foreign selling

(Colombo) REUTERS: Sri Lankan shares fell over one percent yesterday, the sharpest in near...


Lion Brewery urges govt. to restore 12% concessionary tax rate on exports

Sri Lanka’s largest brewery, Lion Brewery (Ceylon) PLC, has urged the government to ...


Rupee edges lower on thin importer dollar demand

(Colombo) REUTERS: The Sri Lankan rupee closed slightly weaker yesterday in dull trade as ...


Ascot to raise Rs.633mn via rights issue

Property development and hospitality holding company Ascot Holdings PLC is to raise Rs.632...


June inflation surges on higher food prices, transport costs

Sri Lanka’s general prices accelerated in June on the back of higher food prices and...


Laugfs Gas cries foul over LPG price reduction

Laugfs Gas PLC, the second largest distributor of liquid petroleum gas (LPG) or cooking ga...


April trade deficit widens amid import binge

Sri Lanka’s merchandise trade deficit worsened during April as the consumption-hungr...


China’s Xiaomi raises US $4.72bn after pricing HK IPO at bottom of range

(Hong Kong) REUTERS: China’s Xiaomi Corp priced its Hong Kong initial public offerin...


CCC says political uncertainty hurt biz last year; commends consistent policies

he Ceylon Chamber of Commerce (CCC), the apex body representing the country’s privat...


Construction sector continues to weigh heavily on economy despite setback: Rishad

Sri Lanka’s construction sector is increasingly played by foreign investments (FDI),...


Greece’s long-term debt prospects ‘uncertain’: IMF

ATHENS (AFP):  Greece’s long-term debt prospects are uncertain, the Internation...


SL expects to wrap up US$1.7bn LRT project finance by November

ECONOMYNEXT: Sri Lanka is expecting to wrap up financing for a 1.7 billion US dollar light...


China unveils easing of investment curbs as trade war looms

BEIJING (AFP):  China has announced sectors of the economy where it will ease foreign...


Asian markets mostly up at end of a painful quarter

HONG KONG (AFP): Asian markets mostly rose yesterday, bringing an end to a tumultuous quar...


WB says SL’s outlook will remain stable provided govt.’s commitment to reform agenda

Sri Lanka’s economic growth is expected to rebound this year to around 4.3 percent i...


Sri Lanka among most vulnerable economies that strengthens dollar

As appreciating U.S. dollar is testing the resilience of many emerging and frontier market...


CB Governor defends his most senior official

Defending his senior-most official, the Central Bank Governor Dr. Indrajit  Coomarasw...


Bad loan provisions hamper Cargills Bank March profits

The hefty provisions made against possible bad loans eroded an otherwise good performance ...


Shares extend fall to near 15-month closing low

(Colombo) REUTERS: Sri Lankan shares declined for a fourth straight session yesterday and ...


Sri Lanka sleepwalking into a Rajapaksa dynasty: Prof. Sally

Sri Lanka is sleepwalking into a Rajapaksa dynasty characterized by illiberal democracy, s...


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