20 Dec 2023 - 1     - 257

The World Bank today said it has released the US $ 250 second tranche of the US $ 500 million budget support loan for Sri Lanka that was approved in June 28, 2023.

13 Dec 2023 - 23     - 2518

Sri Lanka needs to enter into agreements with its official and private creditors before the second review of the Extended Fund Facility (EFF), which is expected to be concluded by the end of the first half of next year, IMF Senior Mission Chief for Sri Lanka, Peter Breuer said.

13 Dec 2023 - 4     - 1874

Sri Lanka’s gross foreign reserves are projected to reach US $3.8 billion by the end of 2023, according to International Monetary Fund (IMF) projections.

05 Dec 2012 - 0     - 5280

NDB Capital Holdings PLC (CDIC) is believed to have divested 5 % stake of Aviva NDB Insurance PLC (CTCE) today as a part of the Aviva- American International Assurance Company (AIA) deal which is expected to occur either today or during the course of the week, informed sources said.

04 Dec 2012 - 0     - 2973

NDB Capital Holdings PLC today announced the introduction of a family of fixed income indices in Sri Lanka which would measure the performance of government securities of selected maturities namely; NDBIB-CRISIL 91 Day T-Bill Index, NDBIB-CRISIL 364 Day T-Bill Index, NDBIB-CRISIL 3 year T-Bond Index and NDBIB-CRISIL 5 year T-Bond Index

03 Dec 2012 - 0     - 5831

Alliance Finance Company PLC has been able to successfully raise Rs.1 billion through a debenture issue for the purpose of increasing its Tier II capital and liquidity position, a statement by the Managers to the issue said

07 Jun 2012 - 0     - 4210

Market ended in green territory today where positive returns were recorded in both benchmark indices. ASI gained 20.23 index points (0.43%) to close at 4,757.98 while sensitive MPI closed at 4,223.35, up 25.09 index points (0.60%). Market turnover was Rs.499.5mn

06 Jun 2012 - 0     - 4365

The Colombo Stock exchange dipped further today extending persistent concerns over the overall market sentiments

06 Jun 2012 - 0     - 4273

Sri Lanka's short term Treasury bill yields continued to drop at yesterday's T-bill auction for the re-issue of Rs.25 billion maturing bills

08 May 2012 - 1     - 5121

The Colombo bourse wrapped its daily operation today with recording notable losses in benchmark indices. ASI dropped 79.84 index points (-1.49%) to end at 5,295.60 while liquid MPI lost 73.76 index points (-1.53%) and end at 4,741.69. The Daily market turnover stood at LKR 429.9mn

03 May 2012 - 0     - 6484

Lanka Indian Oil Company PLC (LIOC) is to get Subodh Dakwale as its new Managing Director, who is expected to assume duties tomorrow

02 May 2012 - 0     - 5245

Colombo stocks closed in red today with both benchmark indices recording negative returns. ASI dropped marginally by 2.03 index points (-0.04%) to close at 5,417.17 while sensitive MPI closed at 4,830.73, a drop of 20.51 index points (-0.42%).Daily market turnover stood at LKR 429.6mn

02 May 2012 - 0     - 5668

The Sri Lankan rupee rose more than 3 percent yesterday as exporters sold dollars following the treasury secretary's threat to resume market interventions if the currency dropped beyond "tolerable" levels

02 May 2012 - 0     - 4243

Bharti Airtel, India's biggest mobile phone carrier by subscribers, reported its ninth straight quarterly profit decline as intense price competition and losses on foreign exchange eroded earnings

26 Apr 2012 - 0     - 5987

The Colombo bourse ended another flat day of trading today where indices closed indecisively

25 Apr 2012 - 0     - 4928

Market ended in red today where both benchmark indices dropped marginally. ASI dropped 1.52 points (-0.03%) to end at 5,440.01 while sensitive MPI dropped 4.60 index points (-0.09%) to end at 4,886.80.Daily market turnover was LKR 312.7mn

25 Apr 2012 - 0     - 5195

Treasury bill yields rose across all maturities by 20 basis points at today’s auction held for the re-issue of Rs.12 billion maturing bills, according to the Public Debt Department of the Central Bank

23 Apr 2012 - 0     - 5106

The Colombo Bourse ended trading today on a lackluster note where indices closed on a marginally negative territory

19 Apr 2012 - 0     - 4977

Colombo bourse recovered strongly today with the price appreciations in index heavy high dividend payers and due to the lifting of 10% price band regulation. ASI shot up by 111.25 points (+2.06%) to close at 5,518.72 while sensitive MPI ended at 4,939.80 with a gain of 32.65 index points (+0.67%)

18 Apr 2012 - 0     - 5067

Treasury bill yields rose across all maturities at yesterday's bill auction held for the re-issue of Rs.10 billion maturing bills

18 Apr 2012 - 0     - 4637

The Colombo stock market ended on a flat note, weighting marginally on to the negative zone.

18 Apr 2012 - 0     - 6183

Berkshire Hathaway Inc Chief Executive and legendary investor Warren Buffett said he has stage 1 prostate cancer and will begin a two-month treatment in mid-July consisting of daily radiation treatments

17 Apr 2012 - 0     - 4994

The bourse edged lower today with relatively dull level of activity. Counters witnessed bare movements with low buying pressure

03 Apr 2012 - 0     - 4854

The Treasury bill yields remained flat at yesterday’s bill auction for the re-issue of Rs.10 billion maturing bills, with the six months and twelve months yields remaining unchanged

02 Apr 2012 - 0     - 5511

The Colombo equity market commenced the weekly operations on a negative note with benchmark indices delivering negative returns

02 Apr 2012 - 0     - 5078

Sri Lanka’s Hatton National Bank PLC (HNB) yesterday received an international credit rating from Moody’s Investors Service

28 Mar 2012 - 0     - 6175

The Colombo Equity market witnessed a choppy trading session today, indices closing on the alternate directions.

28 Mar 2012 - 0     - 5147

Treasury bill yields rose across maturities at yesterday's auction for the re-issue of Rs.10 billion maturing bills, though all bids for 6-month bills were rejected.

22 Mar 2012 - 0     - 5315

Sri Lanka's tea production edged down 0.6 percent in February due to high base in the same month last year, the state-run tea board said on Wednesday

22 Mar 2012 - 0     - 6924

The dollar inflows to Sri Lanka have increased substantially in the recent weeks, and a significant part of them were absorbed by the Central Bank boosting foreign reserves of the country, the Central Bank said in a statement

21 Mar 2012 - 0     - 6341

The Colombo Stock Exchange continued to perform weaker today with dips in indices

14 Mar 2012 - 0     - 5453

The Colombo equity market ended on a mixed note today with MPI ending in the positive zone. API closed at 5,418.07, down 5.19 points (-0.10%) while sensitive MPI settled at 4,822.31, up 18.80 (+0.39%). Market turnover was registered at Rs.1.2bn

12 Mar 2012 - 0     - 4682

Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch's (SCBSL) National Long-Term rating at 'AAA(lka)'. The Outlook is Stable

08 Mar 2012 - 0     - 6050

With high level of risk aversion, the Colombo Stock Exchange dipped into the negative territory today on the back of observed selling pressure.

08 Mar 2012 - 0     - 4947

Apple Inc's latest iPad sports a crisper display and an array of technology advances that, while less than revolutionary, may prove enough for now to keep rivals like Amazon.com Inc and Samsung Electronics Co Ltd at bay

06 Mar 2012 - 0     - 5316

  The Colombo Stock Exchange ended positively today however on a lackluster ground

06 Mar 2012 - 0     - 5432

Sri Lanka’s Treasury bill yields rose across all maturities with three-month yields rising 30 basis points to 10.11 per cent, six-month yields 24 basis points to 10.18 per cent and 12-month yields 15 basis points to 10.45 per cent, the data released by the Public Debt Department of the Central Bank following today's auction said

06 Mar 2012 - 0     - 5904

The Initial Public Offer (IPO) of Access Engineering has been oversubscribed and will be closed at 4.30 pm today, the Managers to the Issue said

05 Mar 2012 - 0     - 4744

Nissan Motor Co plans to revive the Datsun nameplate to sell inexpensive cars tailored for emerging markets from 2014, the Nikkei newspaper reported recently, as the Japanese automaker revs up its efforts to tap fast-growth countries

05 Mar 2012 - 0     - 4814

The Colombo equity market ended flat today on limited buying pressure by investors as market displayed no signs of momentum.ASI increased by 4.62 points (+0.08%) to end at 5,464.81 while sensitive MPI increased by 29.23 points (+0.62%) to close at 5,464.81. Market turnover stood at Rs.1.0bn

27 Feb 2012 - 2     - 6706

Sri Lanka's rupee hit a record low of Rs.121.20/40 against US dollar today.   This was mainly due to importer dollar demand, as the Central Bank stayed away in line with its new policy against intervening to defend a specific price, currency dealers said. The rupee on Friday closed at Rs.119.90/120.00.

27 Feb 2012 - 0     - 5030

Fitch Ratings has withdrawn its rating on Hayleys PLC and will not provide ratings or analytical coverage of the firm

22 Feb 2012 - 0     - 5687

Sri Lanka Treasury bill yields rose across all maturities at yesterday's auction, with 12 month yields topping 10 percent for the first time this year, data released by the Public Debt Department of the Central Bank showed

15 Feb 2012 - 3     - 6747

Reuters—Sri Lanka's rupee currency, which had an all-time closing low on Tuesday, initially weakened further today but then strengthened as state banks sold dollars.

08 Feb 2012 - 0     - 5591

Jubilant Foodworks , which runs the Dominos Pizza chain in the country, plans to open two more stores in Sri Lanka over the next two months, its chief executive Ajay Kaul said in anearnings conference call yesterday

08 Feb 2012 - 0     - 8999

The Colombo Stock exchange experienced yet another heavy dip today where benchmark indices witnessed a considerable downfall. Furthermore the market capitalization of CSE fell below Rs.2tn mark

03 Feb 2012 - 0     - 3472

The Monetary Board of Sri Lanka has finally decided to increase the policy rates by 50 basis points owing to increased private sector credit growth that is resulting in a widening trade deficit

03 Feb 2012 - 0     - 5884

The Monetary Board of Sri Lanka has finally decided to increase the policy rates by 50 basis points owing to increased private sector credit growth that is resulting in a widening trade deficit

31 Jan 2012 - 1     - 5589

Sri Lanka’s January inflation slowed to 3.8 percent from a year and from 4.9 percent recorded in December 2011, the data released by the Census and Statistics Department said

26 Jan 2012 - 0     - 6190

Aitken Spence PLC informed the Colombo Stock Exchange today the firm would realise a capital gain of approximately Rs.630 million on the sale of its shareholding in Colombo International Container Terminal (CICT) to China Merchant (International) Company Limited (CMHI)

25 Jan 2012 - 0     - 9737

The Colombo equity market rebounded today to the positive territory however on a lackluster note. ASI closed at 5,556.29, up 20.2 points (+0.36%) while sensitive MPI settled at 4,736.93, up 26.03 (+0.55%). Market turnover stood at Rs.628.8mn

23 Jan 2012 - 1     - 5794

The Colombo Stock Exchange started the new week on negative dynamics where benchmark indices fell sharply throughout the day. Furthermore all the sectors except for oil palm sector depicted considerable losses

11 Jan 2012 - 0     - 7669

Nestlé Sri Lanka, the local subsidiary of the world’s leading nutrition, health and wellness company, opened its new noodle plant at its state-of-the-art manufacturing facility in Kurunegala a while ago, marking the second phase of its investment commitment of Rs.10 billion in Sri Lanka

05 Jan 2012 - 0     - 6730

Although Colombo bourse continued to be weighted down by notable selling pressure during the trading today, foreigners emerged as net buyers for the first time in the New Year

04 Jan 2012 - 0     - 4915

Colombo stocks ended in red zone today with notable losses in both benchmark indices. ASI dropped by 62.90 points (-1.04%) to close at 5,972.75 while sensitive MPI dropped by 53.99 points (-1.03%) to close at 5,120.89

03 Jan 2012 - 0     - 4876

The Colombo stock market ended lower for the second consecutive day for the week due to rising uncertainties

27 Dec 2011 - 0     - 5456

The Colombo bourse started the last trading week of 2011 on a positive note with both indices recording notable gains for the third consecutive day.

22 Dec 2011 - 0     - 5126

The Colombo bourse recovered sharply today to the positive zone with notable turnaround in the indices however with thin volume

20 Dec 2011 - 0     - 4891

Colombo stocks ended lower today with both indices recording further losses. Benchmark ASI closed at 5,851.94, lost 9.02 index points (-0.15%) and sensitive MPI closed at 5,088.25, a drop of 17.16 index points (-0.33%). Market turnover stood at the year to date low of Rs.382.1mn

15 Dec 2011 - 1     - 11233

NEW DELHI: Datawind, the maker of the world's cheapest tablet has put up for sale about 30,000 tablets online at a price of Rs 2500 each, with a delivery period of seven days