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Wednesday January 19th, 2022

Sri Lanka Telecom rating confirmed at 'BB-'

EconomyNext - Fitch Ratings has confirmed Sri Lanka Telecom's (SLT) long-term foreign- and local-currency ratings at 'BB...

4 min read

Sri Lanka tea export earnings fall sharply in January, volumes up

EconomyNext - Sri Lankan tea export earnings fell sharply in January 2015 from a year ago owing to lower buying power in...

2 min read

Sri Lanka cleans up policy rate system; overnight rates to stabilize: CB Governor

COLOMBO (EconomyNext) - Sri Lanka has ended restricted access to its floor rate window which will stabilize overnight mo...

2 min read

Sri Lanka bond quotes wide, yields higher after 30-year auction

COLOMBO (EconomyNext) – A 30-year bond auction, where the state debt office accepted nine times extra bids has le...

2 min read

Sri Lanka's credit, current account deficit to be watched: Fitch

COLOMBO (EconomyNext) - Sri Lanka's credit growth, any widening of the external current deficit that would be worsened b...

3 min read

Sri Lanka cancels licences for foreign mining firms

COLOMBO (AFP) - Sri Lanka's new president has cancelled mining licences issued by the previous government to 16 foreign ...

2 min read

Sri Lanka Amãna Bank makes first profits in December 2014 quarter

EconomyNext - Amãna Bank, Sri Lanka’s sole listed Islamic bank, said it started making profits in the December...

2 min read

Sri Lanka bank consolidation drive on hold

COLOMBO (EconomyNext) - A regulator-driven bank and finance company consolidation drive in Sri Lanka, is on hold followi...

1 min read

Islamic banks seen more resilient during financial panics: IMF study

EconomyNext - Islamic banks are less prone than their conventional peers to bank runs during financial panics, tending t...

3 min read

Sri Lanka Renuka Agri Foods invests in organic unit

EconomyNext - Renuka Agri Foods, a Sri Lankan manufacturer of coconut-based food and beverage products, said it has inve...

1 min read

Sri Lanka president meets UN political chief

EconomyNext - Jeffrey Feltman, the visiting United Nations head of political affairs, held talks with Sri Lankan Preside...

1 min read

Sri Lankan banks mull biodiversity safeguards in lending

COLOMBO (EconomyNext) - Sri Lanka's banks are considering incorporating environmental safeguards in lending to protect t...

Rohan Gunasekera

3 min read

Sri Lanka foreign minister's China visit - in pictures

EconomyNext - Sri Lanka's Foreign Minister Mangala Samaraweera visited Beijing where he met Chinese Premier Li Keqiang a...

1 min read

Sri Lanka has golden opportunity for institutional reforms: Eran

COLOMBO (EconomyNext) – Investors should look at Sri Lanka from long term perspective and take into account that ...

3 min read

Sri Lankan dockyard delivers ferry to Lakshadweep islands

EconomyNext - Colombo Dockyard Friday delivered the second of a pair passenger ferries for India's Lakshadweep islands, ...

1 min read

Sri Lanka tightens monetary policy

COLOMBO (EconomyNext) - Sri Lanka has effectively tightened monetary policy ending an administrative procedure that kept...

2 min read

Sri Lanka Chevron unit December quarter net down 5-pct

EconomyNext - Chevron Lubricants Lanka said December 2014 quarter net profit fell five percent to 558 million rupees fro...

1 min read

Sri Lankan stocks edge down, foreign selling in banks

EconomyNext - Sri Lankan stocks closed lower Friday with selling pressure seen on the last day of the month with foreign...

1 min read

Sri Lanka JKH to end Fitch rating deal

EconomyNext - Sri Lanka's John Keells Holdings said Friday it will end its rating agreement with Fitch Ratings Lanka fro...

1 min read

Sri Lanka's Seylan Bank December quarter net up 15-pct

EconomyNext - Sri Lanka's Seylan Bank said December 2014 quarter group net profit rose 15 percent to 919 million rupees ...

2 min read