An Echelon Media Company
Sunday June 26th, 2022

Sri Lanka shippers urged to avoid bribes

ECONOMYNEXT – Sri Lankan shippers have been urged to refrain from resorting to bribing authorities to get their c...

July 28, 2015 2 min read

Sri Lanka to revive Kantalai state sugar firm with foreign investment as prices collapse

ECONOMYNEXT - Sri Lanka is planning to revive a state sugar factory with a foreign investor expected to pump in 100 mill...

July 27, 2015 4 min read

Abdul Kalam, father of India's missile programme, dies at 83

NEW DELHI, July 27 (Reuters) - Former Indian president A.P.J. Abdul Kalam, considered the father of the country's missil...

July 27, 2015 1 min read

Sri Lanka Fitch rates Pan Asia Banking's debt 'BBB(lka)'

ECONOMYNEXT - Fitch Ratings has assigned Pan Asia Banking Corporation's issue of senior unsecured debentures of up to 4....

July 27, 2015 2 min read

Ex-Sri Lanka police spy bungles five-star liquor heist

ECONOMYNEXT - A retired spy from Sri Lanka's premier intelligence unit pulled off what seemed a stunning theft of foreig...

Our Police Correspondent
July 27, 2015 2 min read

Sri Lanka for flexible inflation targeting

ECONOMYNEXT - Sri Lanka wants to do 'flexible inflation targeting' Deputy Central Bank Governor Nandalal Weerasinghe sai...

July 27, 2015 5 min read

Sri Lanka sells Rs60bn in 4 and 6-year rupee bonds

ECONOMYNEXT - Sri Lanka has sold 27.6 billion rupees of 4-year bonds and 23.0 billion rupees of 6-year bonds and rejecte...

July 27, 2015 1 min read

Sri Lankan shares slip on profit-taking, month-end settlements

COLOMBO, July 27 (Reuters) - Sri Lankan shares fell on Monday from the previous session's two-months high, snapping a th...

July 27, 2015 1 min read

Sri Lanka market ethics need to improve: SEC DG

ECONOMYNEXT – Ethical standards in Sri Lanka’s capital markets need to improve further to ensure investor ...

July 27, 2015 2 min read

Sri Lanka sells US$165 million in floating rate bonds

ECONOMYNEXT - Sri Lanka has sold 165.25 million dollars of floating rate bonds which includes 110 million US dollars of ...

July 27, 2015 1 min read

Sri Lanka regulator expects auditors to follow whistleblowing rule

ECONOMYNEXT – The head of Sri Lanka’s capital markets regulator said he expects local audit firms to compl...

July 27, 2015 2 min read

China's MCC gets part of Sri Lanka central expressway contract

ECONOMYNEXT – Sri Lanka has given Metallurgical Corporation of China (MCC) a contract to build the first section ...

July 27, 2015 1 min read

European shares slide after 8.5-pct China crash

LONDON (Reuters) - European stocks and major commodity prices fell hard on Monday as concerns over China dominated finan...

July 27, 2015 3 min read

Sri Lanka shares ease on profit-taking, rupee steady

(Reuters) - Sri Lankan shares slipped on Monday in thin trade from a two-month closing high hit in the previous session ...

July 27, 2015 2 min read

Sri Lanka's Ceylon Income Fund on negative credit watch: Fitch

ECONOMYNEXT - Sri Lanka's 'A(lka)' rated Ceylon Investment Fund has been placed on 'rating watch negative' by Fitch, ove...

July 27, 2015 2 min read

Euromoney names Commercial Bank as Sri Lanka’s best bank

ECONOMYNEXT – Euromoney has named Commercial Bank of Ceylon the Best Bank in Sri Lanka in 2015 at the financial m...

July 27, 2015 1 min read

Sri Lanka's Union Bank net up in June quarter amid loan growth

ECONOMYEXT - Profits at Sri Lanka's Union Bank of Colombo rose 302 percent to 36.2 million rupees in the June 2015 quart...

July 27, 2015 2 min read

Sri Lanka President at Maldives jubilee

ECONOMYNEXT - Sri Lanka President Maithripala was the Chief Guest at 50 th anniversary Founding Day celebrations of the ...

July 27, 2015 1 min read

Sri Lanka's DFCC Bank merged with DVB from October 01

ECONOMYNEXT - Sri Lanka's DFCC Bank Pl, which began its life as a World Bank backed development lender said it will be m...

July 27, 2015 1 min read

Gold struggles at $1,095 low with stronger dollar

(Reuters) - Gold fell for a third session on Monday, trading not far above its lowest level since early 2010, with expec...

July 27, 2015 2 min read