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2021/06/01
- LOLC Group achieves first-ever historic profitability in Sri Lanka’s corporate sector, recording a stunning Rs. 57 Bn in PBT
2020/10/02
- Super September for Stocks
- Eminent economists urge decisive action to prevent emerging debt crisis
- India discussing options to use rupee for South Asia trade
- Watawala Plantations becomes South Asia’s first RSPO certified palm oil plantation
- Sri Lanka on track to complete 9mn passenger airport terminal in 2023
- Trump Tests Positive for Covid-19 After Close Aide Becomes Ill
- Stocks Fall, Dollar Climbs as Trump Tests Positive: Markets Wrap
2020/02/18
- 2019 records $ 2.3 b deficit contraction
- Dialog ends 2019 on a strong note
- Preliminary report on MCC presented to President
- Apple Won’t Meet Quarterly Revenue Target Due to Coronavirus
- Asia Stocks, U.S. Futures Drop After Apple Warning: Markets Wrap
2020/02/17
- Sampath Bank declares full cash dividend of Rs. 11.75 per share
- President makes observation visit to Colombo Port City
- Strong performance by Atlas underpins Hemas profit growth
- [Hedge%20Funds%20Bet%20Aussie%20Will%20Overcome%20Impact%20of%20Coronavirus]Hedge Funds Bet Aussie Will Overcome Impact of Coronavirus
- Stocks Mixed Amid Policy Support, Weak Japan Data: Markets Wrap
2020/02/14
- Amended Vote on Account to Parliament next week
- Hayleys Group records 41% profit growth in Q3 2019/20
- SL needs 10,000 MW of renewable energy to meet 2030 target: official
- China Lowers Toll to 1,380 Due to Double-Counting: Virus Update
- Stocks Mixed, With Scrutiny on China Virus Cases: Markets Wrap
2020/02/12
- Dhammika joins forces with Ritz Carlton and JW Marriott
- Negative ratings reversal possible in next budget cycle: CB Chief
- Galadari in talks with Radisson Blu to rebrand Colombo hotel
- Deaths Hit 1,115; Data Signal Spread May Be Easing: Virus Update
- Asia Stocks Mixed; Kiwi Surges on Rates Signal: Markets Wrap
2020/02/11
- Growth, stability balance to define 2020
- President cracks whip on intervention by personal staff of PM, Ministers,.
- Aitken Spence revenue grows 3.3% to Rs. 43.8 b in 9 months
- Deaths Top 1,000; Singapore Sees Tourism Plunging: Virus Update
- Asian Stocks Rise as Virus Fears Linger; Oil Gains: Markets Wrap
2020/02/10
- Raw deal for tourists exposed
- [Construction%20industry%20in%20crisis%20as%20coronavirus%20fears%20put%20projects%20on%20hold]Construction industry in crisis as coronavirus fears put projects on hold
- Lankan firms on show at Ambiente 2020 to boost exports
- Coronavirus May Infect Up to 500,000 in Wuhan Before It Peaks
- Asian Stocks Slip, Yuan Fluctuates on Virus News: Markets Wrap
2020/02/07
- Hit by coronavirus, tourism industry pleads for one-year extension on relief
- Govt. firms up plans for best country effort at Expo 2020 Dubai in Oct.
- Cabinet approves raising Rs. 367 b for overdue payments
- Japan Finds 41 More Cruise Cases; Deaths Top 636: Virus Update
- Asia Stocks Drop After Biggest Jump Since June: Markets Wrap
2020/02/05
- President commits to deliver true democracy and development
- Global giant HCL Technologies to enter Sri Lanka in strategic investment
- Sri Lanka can boost development by tapping agriculture, new technology
- Deaths Near 500; Asia Sees Multiple Infections: Virus Update
- Asian Stocks Advance; Singapore Dollar Declines: Markets Wrap
2020/02/03
- CB gets tough on errant finance companies
- President orders probe on bribe claim for UL-Airbus deal
- January inflation rises to 5.4%
- Chinese Stocks Sink 9% as Markets Reopen to Crisis After Break
- Stocks in China Slide; U.S. Equity Futures Advance: Markets Wrap
2020/01/31
- CB joins stimulus bandwagon
- Govt. to present supplementary estimate to raise over Rs. 175 b
- Sri Lanka expects growth top 4.0-pct in 2020, early to assess coronavirus hit
- U.S. Tells Americans Not to Travel to China: Virus Update
- Asia Stocks Rise, Easing the Worst Week Since May: Markets Wrap
2020/01/30
- JKH posts good results but leisure woes persist
- Defence Ministry to regulate private security agencies
- SME moratorium will have limited effect on banks: Fitch
- Virus Crisis Risks Delaying Earnings Reports Across Hong Kong
- Asian Stocks Slide, Bond Yields Extend Declines: Markets Wrap
2020/01/29
- Govt. unleashes multipronged fight against coronavirus
- National Policy on Transport’s first draft before Cabinet: Amaraweera
- MTD Walkers sale to Ravi Wijeratne to not proceed
- China Death Toll Climbs to 132 as Cases Soar: Virus Update
- Asian Stocks Trade Mixed After Wall Street Rebound: Markets Wrap
2020/01/28
- Govt. eyes $ 2.5 b in FDI, $ 13.5 b in exports for 2020
- PS seeks policy support to tap BRI opportunities: Economist
- Chinese woman in SL diagnosed with Coronavirus
- Asia Stocks Drop on Virus Fears; Yuan Steadies: Markets Wrap
- WHO Chief Heads to China as Virus Death Toll Tops 100
2020/01/27
- Govt. gets cracking on poverty alleviation drive
- Plantation firms to submit alternative model for worker wage hike today
- US, Sri Lanka share compelling interests: Alice Wells
- Thai Economy Faces Turbulence From China Ban on Group Tours
- Stocks Tumble With Oil; Yen Climbs With Treasuries: Markets Wrap
2020/01/24
- Tourism triumph in the works for 2020
- Govt. approves Rs. 100 b in loans for paddy purchases
- Govt. to bring new laws to combat online hate speech
- China Virus Death Toll Rises to 25; Cities Halt Travel, Festivities
- Asian Stocks Mixed Amid Ongoing Virus Concern: Markets Wrap
2020/01/23
- Lawmakers say parts of CB forensic audit missing
- South Asia’s first all-electric supercar leaves for Geneva Motor Show
- Tea industry veteran takes over as Chairman of SL Telecom
- Inside China’s Virus Zone, Unease Grips a City in Lockdown
- Asian Stocks Slide on Virus Concerns; Havens Rise: Markets Wrap
2020/01/22
- Speaker approves release of forensic audit reports
- New SEC Chairman appointed, but appointment bad in law, claim analysts
- More French, Belgian tourists to visit SL after mega PR blitz
- New Virus Spreads to U.S., Sparking Rush to Contain Outbreak
- Asia Stocks Mixed After Virus-Triggered Sell-Off: Markets Wrap
2020/01/21
- PM assures boost for stock market
- SME debt moratorium credit negative for banks: Moody’s
- Task force appointed to take tourism to $ 10 b target
- Fourth Person Dies of China Virus as Human Transmission Is Confirmed
- Asian Stocks Drop in Risk-Off Turn; Yen Rises: Markets Wrap
2020/01/20
- Govt. goes full throttle on Strategic Development Projects Act
- Inland Revenue ups collection in 2019 by 21% to Rs. 785 b
- EU reassures continuity of GSP+ to SL till 2023
- Hong Kong Leaders Rebuff Protest Demand as Violence Persists
- Stocks Edge Higher After Strong Run; Oil Climbs: Markets Wrap
2020/01/17
- Fresh storm in teacup
- Green light for civil helicopter flights from Galle Face
- President directs transfer of all Govt. ICT-related projects, including financial
- China’s Economy Grew 6% in Fourth Quarter as Demand Stabilized
- Global Stock Gains Build on Economic Optimism: Markets Wrap
2020/01/16
- Cabinet approves debt relief package to boost economy via SMEs
- S&P revises Sri Lanka’s outlook to negative; ratings affirmed at ’B/B’
- Crystal Property Group gets Rs. 180 m investment from global firm
- The Billion Centerpiece of the Trade Deal Is Already In Doubt
- Stocks Mixed in Asia After U.S.-China Trade-Deal: Markets Wrap
2020/01/13
- Foreign interest is back; Rs. 22.7 b JKH deal big boost: Marianne Page
- SEC’s proposed new Commissioners still in limbo
- Govt. approves $ 900 m mixed development project
- Multiple Failures Led to Iran’s Accidental Attack on Jetliner
- Asian Stocks Push Higher; Yuan Strengthens: Markets Wrap
2020/01/09
- Dinesh says economy to be further strengthened ahead of polls
- Bourse suffers 2% drop; ASI dips below 6,000-points level
- BOI gets new Board
- Trump’s Soleimani Strike Pays Off for Now After Iran Backs Away
- Stocks in Asia Rally on Easing U.S.-Iran Tensions: Markets Wrap
2020/01/08
- Ishara shuns ‘richest man’ tag; says ‘accolade, but not goal’
- Unemployment rises slightly to 5.1% in 3Q from 4.9%
- CNN Business Traveller spotlight on SL this month
- Iran Retaliates Against U.S. in Missile Attack on Iraq Bases
- Stocks, Oil Pare Losses After Iran Foreswares War: Markets Wrap
2020/01/07
- LOLC confirms $ 603 m mega deal
- CB Chief urges banks to rethink credit policies; wants shift from risk averse mindset
- Tourist arrivals from Russia hit all-time high
- U.S. Adds to Mideast Forces, Denies Exit From Iraq After Errant Letter
- Asia Stocks Rebound as Middle East Concerns Fade: Markets Wrap
2020/01/06
- LOLC jumps to sixth slot in value on CSE
- Business confidence skyrockets to 51-month high
- MAGA Engineering wins Rs. 4.2 b road contract
- Gold Jumps to Highest Level Since 2013 on Iran-U.S. Tensions
- Stocks Slide; Oil, Gold Climb on Mideast Tensions: Markets Wrap
2020/01/03
- Rs. 2 trillion debt challenge in 2020
- Govt. defends deal on $ 250 m mixed development project
- Colombo stock market suffers negative start in 2020
- Pneumonia Outbreak in China Spurs Fever Checks From Singapore to Taiwan
- Yen Rises, S&P 500 Futures Dip on Middle East Woes: Markets Wrap
2020/01/02
- Govt. to extend gratis visa scheme till 30 April Govt.
- CEB calls for bids for 200 MW contingency power
- Final Cabinet nod for tea sector relief package likely today
- Australia Home Prices Notch Up Biggest 3-Month Gain in Decade
- Stocks Mixed, U.S. Futures Rise as Traders Return: Markets Wrap
2019/12/19
- 3Q posts 2.7% growth
- Quarterly earnings dip 9.6% to Rs. 45.8 b
- Susantha Ratnayake appointed BOI Chairman
- Trump Impeached on Two Counts by House, Setting Up Senate Trial
- Stocks Slip; U.S. Futures Shrug Off Impeachment: Markets Wrap
2019/12/17
- GR goes for national unity via inclusive prosperity
- GR puts security over economics for Hambantota Port
- SL could be a big beneficiary of BRI: top economist
- Defaults in One of China’s Richest Provinces Spook Investors
- Asia Stocks Edge Up, Set for Highest Since 2018: Markets Wrap
2019/12/16
- Govt. releases national policy framework to spur growth
- Lanka Tiles to export porcelain mosaic tiles with Rs. 200 m investment
- Biz confidence at nine-month high
- China’s Economy Picks Up on Industrial Output, Retail Boost
- China’s Yuan Climbs After Trade Deal; Stocks Mixed: Markets Wrap
2019/12/13
- Cabinet decides to review CIFC scope
- MCC agreement to be studied
- International Tea Day with Emirates and Dilmah
- Trump Approves U.S.-China Trade Deal to Halt Dec. 15 Tariffs
- Stocks Hit Record High, Bond Yields Jump, Pound Up: Markets Wrap
2019/12/10
- Govt. bullish on investment
- Govt. shakes up intelligence agency after Easter Sunday attacks
- Shares fall for 4th straight session; rupee steady
- Hong Kong Set for ‘Worst Ever’ Wave of Layoffs, Store Closures
- Asia Stocks in Holding Pattern Ahead of Fed, Trade: Markets Wrap
2019/12/09
- Drafting of new law to regulate money lenders underway: CB
- LB Finance secures first place in K Seeds Investments 2Q Listed Finance
- SL ranked as top destination for winter travel by USA Today
- Biggest Hong Kong Protest in Months Signals More Unrest in 2020
- Asia Stocks Trade Cautiously; Treasuries Steady: Markets Wrap
2019/12/06
- Govt. sets plans for prosperity in motion
- Sri Lanka Insurance Life records sturdy growth of 13.6% by 3Q end
- Control of Sinhaputhra Finance changes hands
- Hong Kong Protest Momentum Faces Test With Weekend Rally, Strike
- Asia Stocks Edge Higher as Trade Talks, Jobs Eyed: Markets Wrap
2019/12/03
- Govt. to ‘recalibrate’ for growth
- SL, China to draw up ‘new blueprint’ for future cooperation
- Cinnamon Life to host exclusive forum with legendary investor Dr. Mark Mobius
- China Hints U.S. Blacklist Imminent in Threat to Trade Talks
- Stocks Drop, Yen Holds Gain as Tariff Man Returns: Markets Wrap
2019/12/02
- Stimulus should not undermine debt sustainability: CB Chief
- CRIB to get new scoring system
- CB revokes NatWealth Securities suspension
- Hong Kong Awaits ‘Enormous’ Retail Hit as Chaos Cripples Economy
- Stocks Rise, Bonds Slide After China Industry Data: Markets Wrap
2019/11/29
- Hopes for boost in Indo-Lanka ties
- Shares, rupee gain after tax cuts; policy rates awaited
- Central Bank seen keeping rates on hold under new Govt.
- China’s Financial Warning Signs Are Flashing Almost Everywhere
- Japan’s Output Drop Raises Risk of Steeper Economic Slide
2019/11/28
- GR’s first Cabinet meeting today
- NDB Wealth tops Rs. 100 b in assets under management
- DFCC Bank partners Cyprea Group in Maldives to structure largest loan facility
- Trump Says China Deal in ‘Final Throes’ as Top Officials Speak
- Asian Stocks Trade Mixed; U.S. Treasuries Flat: Markets Wrap
2019/11/26
- Turnaround time for economy: MR
- Litro to spend Rs. 1.7 b on gas cylinders to create buffer stock
- Govt. to ‘revisit’ UNHRC resolution as priority, says FM
- China, U.S. Hold Phone Call in Sign of Progress on Phase 1 Deal
- Asian Stocks Advance Amid Trade Optimism, M&A: Markets Wrap
2019/11/25
- Tourism optimistic of revival under Gota but wants urgent action
- SEC Chief says ready to hand over baton
- PickMe to list on CSE next year
- Pro-Democracy Forces in Hong Kong Bolstered by Huge Election Win
- Stocks Rise as Investors Mull China’s IP Move: Markets Wrap
2019/11/22
- President appoints new Cabinet today
- Dhammika ups Hayleys stake to 51%
- CB objects to Fitch evaluation
- Bankers Say Hong Kong's Rich Are Planning Escape Routes for Their Cash
- Stocks in Asia Edge Up as Trade Outcome Mulled: Markets Wrap
2019/11/21
- RW out, MR in today
- Tax, duty relief package planned to kick start investments in Sri Lanka
- Mahinda as Sri Lanka PM, 15-member interim cabinet
- China’s Top Negotiator ‘Cautiously Optimistic’ About Reaching Trade Deal
- World’s Largest Pension Fund Keeps Analysts in Dark on Portfolio
2019/11/19
- President outlines policy priorities
- First-time female highest-paid CEO in Australia is with Lankan roots
- Stocks jump to more than 1-year high, rupee up after Rajapaksa poll win
- Hong Kong Violence Is Trickling Into Portfolios Outside Asia
- Taiwan Sees Chance to Reclaim High-End Industries Lost to China
2019/11/18
- President Gotabaya
- World leaders wish GR
- Nations Trust Bank overcomes challenges and improves 3rd quarter earnings
- Morgan Stanley Sees a Global Economic Recovery in Early 2020
- Asian Stocks Trade Mixed; Treasuries Hold Gains: Markets Wrap
2019/11/15
- BOI aims for $ 1.5 b FDI for 2019
- Sri Lanka’s highest value FDI via strategic investment in petroleum refinery
- SL prosperity index rises on better performance in all provinces: CB
- Justice Minister Hurt; Elderly Worker Dies: Hong Kong Update
- Stocks, Yields Gain on Renewed Trade-Deal Hopes: Markets Wrap
2019/11/14
- Fitch says Lankan banks facing pressure on credit profiles
- HNB reports Rs. 14.6 b Group PBT
- ADB lends further $ 150 m to boost rural road connectivity
- Two in Critical Condition as City Paralyzed: Hong Kong Update
- Japan’s Economy Decelerates Sharply Amid Trade Tensions
2019/11/13
- UL limps with Rs. 17.21 b loss
- Marketing guru Kotler cites Dilmah Tea for authenticity in his latest book
- Moody’s Analytics Knowledge Services rebrands as Acuity Knowledge Partners
- Calls for Third Day of Protest in City Center: Hong Kong Update
- Stocks Retreat as Investors Mull Trade, Hong Kong: Markets Wrap
2019/11/08
- Leading candidates outline policies
- Expolanka announces Q2 financials, credits business agility and core focus
- Biz confidence climbs to 8-month high
- India’s Outlook Cut to Negative by Moody’s
- Asia Stocks Mixed; Japan Bond Yields Edge Up: Markets Wrap
2019/11/07
- Banks must redraw industry roadmap to tackle fintech: Expert
2019/11/06
- Poland steps up economic engagement with Sri Lanka
- Cabinet nod to 15% maximum shareholding in banks
- Shares down on large-cap sale; rupee ends firmer
- China Insists Trump Give Up His Favorite Trade Weapon—Tariffs
- Stocks in Asia Slip; Yuan Straddles 7 Per Dollar: Markets Wrap
2019/11/05
- Tourism showcases resilient recovery
- Shares slip from 10-month closing high; rupee ends firmer
- Govt. makes emergency gas purchase of 12,000 MT to meet shortage
- Xi Jinping Vows Commitment to Global Trading Order as U.S. Deal Nears
- Asian Stocks Rise, Bonds Slip With Trade in Focus: Markets Wrap
2019/11/04
- IMF releases $ 164 m for SL under EFF
- Sri Lanka in stagflation after flexible exchange rate collapse
- CB Chief lists focus areas for incoming president
- Ross Optimistic on China Deal, Trump Wants It Signed in U.S.
- More Than 70 Injured as Hong Kong Protesters, Police Clash
2019/10/31
- Enterprise Sri Lanka to be extended
- E-commerce industry enjoying rapid growth in SL: Alibaba subsidiary
- Six estates on long-term lease for cashew cultivation
- Hong Kong Cuts Base Rate After Fed as City Faces Recession
- Asia Stocks Trade Mixed; Treasuries Rally Stalls: Markets Wrap
2019/10/30
- Cabinet greenlights $ 480 m MCC Compact deal with US
- Luxury tax will not affect small vehicles: Finance Ministry
- Sri Lanka names organic farming zone off Kalu-Moragahakanda project
- Modi Pushes India Even Further to the Right as Economy Sputters
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2019/10/29
- CB calls for holistic approach to drive SMEs
- Special retirement package for President due to special circumstances, says Cabinet
- 2019 tourist arrivals estimate cut to 1.9 m from 2.1 m
- China Corners Bond Bulls as Billion in Funds Reach Maturity
- Stocks Gain in Asia After U.S. Record; Bonds Drop: Markets Wrap
2019/10/28
- IMF calls for prudence amidst polls
- THASL Chief calls for private sector-driven tourism marketing, tax reforms
- Tata and SIA’s Vistara launches Mumbai-Colombo flights
- Dubai Faces a ‘Disaster’ From Overbuilding, Top Developer Says
- Stocks in Asia Muted, U.S. Treasuries Hold Losses: Markets Wrap
2019/10/25
- Sanken to build 112-room hotel in Colombo with $ 9.3 m investment
- Emirates Chief says strategic investor may not be best option for UL
- SL lags in latest Ease of Doing Biz index
- Pence Faults China Over Hong Kong But Urges Trade Engagement
- Stocks Trade Mixed as Amazon Profit Saps Optimism: Markets Wrap
2019/10/24
- China Southern Airlines reverts to 3 flights per week
- CB cancels The Finance Company license
- US says Sri Lankan Army Chief appointment will curtail cooperation
- U.S. Fears Mass Boycott as Chinese Turn to Homegrown Brands
- Stocks Rise in Asia With Nasdaq Futures on Profits: Markets Wrap
2019/10/23
- Easter Sunday attacks report to Parliament today
- Omega Line to build new $ 24 m lingerie factory
- UAE issues fresh travel ban on Sri Lanka
- SoftBank Unveils .5 Billion WeWork Rescue, Gets 80% Stake
- Stocks Drift Down; Pound Holds Dip on Brexit: Markets Wrap
2019/10/22
- Fresh Govt. procurement guidelines to Cabinet shortly
- FATF delists SL from Grey List: CB
- Stocks end flat; rupee strengthens
- Half the World’s Banks Are Too Weak to Survive a Downturn, McKinsey Says
- Stocks, U.S. Futures Advance on Trade Optimism: Markets Wrap
2019/10/21
- VoA seeks Rs. 1.4 t for Govt. expenses
- Bill to enhance minimum monthly wage of private sector workers
- Economy tipped to perform better after polls
- China Braces for Economic Growth to Fall Below 6%
- Asia Stocks Trade Mixed on Low Volume; Pound Drops: Markets Wrap
2019/10/18
- IMF, WB call for aggressive structural reforms to spur inclusive growth
- Stocks end higher on bargain hunting; rupee weaker
- SL likely to miss $ 3 b FDI target for 2019
- China’s Economy Slows Further, Testing Government Policy Stance
- Japan’s Cabinet Approves Tougher Rules on Foreigners Owning Stocks
2019/10/16
- Igniting the nation’s mojo via business leaders
- IMF downgrades 2019 global growth to 3%; lowest in decade
- IMF downgrades 2019 global growth to 3%; lowest in decade
- UberEats expands Sri Lanka restaurant sales, female job opportunities
- China Threatens to Retaliate If U.S. Enacts Hong Kong Bill
- Asia Stocks Chase Wall St. Gain; U.S. Futures Dip: Markets Wrap
- Market Watch Daily”- 16th October 2019.
2019/10/15
- Trade deficit drops down by $ 2.3 b
- Bhutan’s State Enterprise selects MTI for restructuring
- Rs. 56 b deal signed for first-ever cable car project in N’Eliya
- China Wants More Talks Before Signing Trade Deal With Trump
- Japan Shares See Catch-Up Rally; Treasuries Rise: Markets Wrap
2019/10/14
- CB warns against fiscal slippage
- $ 500 m Samurai bond likely at end-Nov.
- Economic sentiment remains steady – Survey
- Trump’s China Handshake Fails to Lift Economic Gloom
- Stocks in Asia Advance After Trade Talks Progress: Markets Wrap
2019/10/10
- IIT goes for Rs. 1.2 b city campus in Colombo
- CB seen keeping rates on hold ahead of elections
- Banks must redraw industry roadmap to tackle fintech: Expert
- U.S. Weighing Currency Pact With China as Part of Partial Deal
- Stocks Slide Eases as Markets Whipsawed on Trade: Markets Wrap
2019/10/09
- Lending rate caps will give economic tailwind in March: CB
- Rs. 21 b supplementary estimate presented to P’ment
- Altair infuses $ 25 m via syndicated loan
- U.S. Bans Travel by Chinese Officials Tied to Muslim Abuses
- Stocks Drop as Trade Tensions Ramp Up Before Talks: Markets Wrap
2019/10/08
- Data protection law will not stifle innovation: ICTA
- Strategic action plan to boost wellness tourism
- Imposing lending rate cap may not support loan growth: Fitch
- U.S. Blacklists Eight Chinese Tech Companies on Rights Violations
- Asia Stocks Rise as China Trade Talks Near: Markets Wrap
2019/10/07
- Cinnamon opens 15th property, Cinnamon Velifushi Maldives
- CSE and SEC ring bell for financial literacy
- Taskforce to coordinate recovery of illegally acquired State resources
- Market Correction Could Be About Half Over, JPMorgan Calculates
- U.S. Futures Drop, Yuan Dips as Trade Talks Loom: Markets Wrap
2019/10/04
- Uber launches app aimed at connecting workers with businesses
- Softlogic Life only Lankan company in Forbes’ Asia’s Best Under A Billion 2019
- Cabinet nod for $ 20 b Hambantota refinery project by S’pore firm
- Putin Says Russia Is Helping China Build Missile Warning System
- Asia Stocks Trade Mixed; Treasuries Hold Gains: Markets Wrap
2019/10/03
- Access Engineering buys warehouse -logistics firm for Rs. 925 m
- Cinnamon Life open for business
- Stocks hit 10-week low on political woes; rupee firms
- Calls Grow for Hong Kong Curfew, Face Mask Ban as Tensions Rise
- Indonesia Will Open Up to More Foreign Investment, Jokowi Says
2019/10/02
- Sri Lanka cabinet clears interim budget up to April
- Sri Lanka to pay Rs15,000 for executive state workers
- Janashakthi Plc to merge with Sri Lanka’s Dunamis Capital
- Trump Congratulates China While Republicans Fault Communist Rule
- Stocks in Asia Drop After U.S. Data Disappoints: Markets Wrap
2019/10/01
- Budget deficit to be 5.4%: Fitch
- Activity in secondary bond market remains moderate
- Interest rate caps credit positive: CB
- China’s Xi Parades Military Hardware Aimed at Countering U.S.
- Japan Stocks Gain With U.S. Futures; Yields Rise: Markets Wrap
2019/09/30
- Lending rate cut is credit negative for banks: Moody’s
- China donates Rs. 765 m worth emergency security equipment
- Global Swedish giant IKEA resumes sourcing from SL
- Vietnam Growth Forecasts Upgraded After Quarterly GDP Exceeds 7%
- Stocks Mixed, Yields Flat as Trade Tensions Eyed: Markets Wrap
2019/09/27
- Sri Lanka’s Most Admired Companies announced
- Sri Lanka rupee undervalued, good for producers: CB Governor
- Sri Lanka’s central bank buys bonds in new money printing phase
- Trump's Attack on Whistle-Blower in Private Meeting Was Caught on Video
- Japan Shares Slide; U.S. Treasuries Hold Gains: Markets Wrap
2019/09/26
- Mangala gives Rs. 120 b salary boost to public sector
- Deposit rate caps removed by CB
- Sri Lanka exports fall in July after 28-month growth
- Trump's Attempt to Talk His Way Out of Impeachment Backfires
- Asian Stocks Rise on Trade; Treasuries Advance: Markets Wrap
2019/09/25
- Dhammika designs ‘SL 2030: A Developed Nation
- Govt. offers relief for vehicles imported during 2015-2017
- CB orders banks to reduce interest rates by 2%
- Collapse of Thomas Cook Is a Reality Check for China's Fosun
- U.S. Futures Edge Up, Yen Dips, Treasuries Steady: Markets Wrap
2019/09/24
- Bond yields nudge up marginally in moderate trading
- Cargills bank appoints Ranjit Page as Chairman
- Sri Lanka national inflation rises to 3.4-pct in August
- Danger Grows as China's Hottest Stocks Get Increasingly Crowded
- Trump Asks Mnuchin Why U.S. Canceled Chinese Farm Visits
2019/09/23
- Taj bullish on SL tourism
- Dhammika Perera to speak on changing role of public servant tomorrow
- FDI projects worth $ 20 b approved for 2019: Malik
- China's Love Affair With Australia Fizzles as Tourism Boom Ends
- Stocks Fall as Trade Talks Eyed; Yen Slips: Markets Wrap
2019/09/20
- Sri Lanka’s Sinhaputhra Finance given time to raise capital
- Sri Lanka’s stocks end marginally higher
- Global Economy Seen Sliding Toward Weakest Growth in Decade
- India’s Central Bank Chief Sees Room for Rate Cut
2019/09/19
- German brands positive on SL economic outlook
- Sri Lanka GDP growth 1.6-pct in second quarter
- Sri Lanka presidential elections called
- Powell the ‘Artful Dodger’ Declines to Signal What Comes Next
- Asian Stocks Mixed as Focus Turns to Kuroda: Markets Wrap
2019/08/27
- Sri Lanka at risk of losing US0mn Millennium Challenge grant
- Rupee end tad firmer, CSE down as Central Bank’s surprise rate cut weigh
- Trump Shifts Tone on China But Not Tactics as Deal Grows Distant
- The World's Best-Performing Hedge Fund Is Up 278% This Year
2019/08/26
- CB warns of lending rate caps on individual banks
- Cabinet paper to issue RFPs for $ 500 m Samurai bond tomorrow
- Tourism industry hails end of Emergency
- China Firmly Opposes U.S. Trade War Escalation, Liu Says
- Stocks Drop, Bonds Climb as Trade War Ratchets Up: Markets Wrap
2019/08/23
- Govt. drops JWT pitch, goes for new multi-country tourism blitz
- People’s Bank Bill moved in P’ment
- Tea revenue grows Rs. 7.6 b in Jan-July
- Stocks Climb With U.S. Yields Before Powell Speech: Markets Wrap
- South Korea to Withdraw From Japan Intel Pact to U.S. Chagrin
2019/08/22
- Govt. to slash prices of 27 medicines soon
- Tourism earns $ 1.8 b in 1H
- CoPE calls for fresh UL investigation
- China's Warning to Global CEOs: Toe the Party Line on Hong Kong
- Stocks Mixed, Treasuries Flat as Traders Mull Fed: Markets Wrap
2019/08/21
- Trade deficit contraction tops $ 2 billion in 1H
- SEC files action against four investors for market manipulation
- Mahindra Finance and Ideal Finance form NBFI joint venture in Sri Lanka
- Hong Kong Protests Enter Crucial Period Before China’s Big Anniversary
- Stocks Mixed on Low Volumes; Treasuries Slip: Markets Wrap
2019/08/19
- LOLC surpasses $ 1 b in equity
- Mahindra opens first automotive assembly plant in Sri Lanka, expands global
- Teplitz tapers down Lankan fears over $ 480 m US Millennium Challenge deal
- Hong Kong Property Market Withstands Unrest Roiling Economy
- Asian Stocks Climb, Treasury Yields Edge Higher: Markets Wrap
2019/08/16
- Sri Lanka submits LP Gas price formula to court: Harsha
- Sri Lanka Commercial Bank June profits fall with higher interest costs, bad debt
- Qualified audit opinion on Sri Lanka airport operator over Mattala
- China Preps Tariff Response as Trump Sees a Xi Call ‘Very Soon’
- Treasuries Steady After Recent Surge; Stocks Mixed: Markets Wrap
2019/08/13
- Sampath Bank’s Net Interest Income up by 12% in 1H 2019
- Colombo Port suffers embarrassing dip in volume in July
- Hemas sees ongoing recovery after difficult first quarter
- Lam Chokes Up, Says City Falling Into Abyss: Hong Kong Update
- Singapore Cuts Growth Outlook as Trade War Ripples Across Region
2019/08/08
- SriLankan Airlines to report loss of up to 0 m due to Easter Sunday attacks:
- Ambeon Group posts stellar performance in FY19
- Hotels get six-month deferral to pay Tourism Development Levy
- China Sets Yuan Fixing Stronger Than Expected, Soothing Nerves
- Australia’s Housing Market Is Suddenly Heating Up Again
2019/08/07
- VAT and NBT cuts in Budget to be given from Sept.
- Stock market posts near 2-week closing low; rupee extends losses
- Bond yields increase further ahead of weekly bills auction
- Yuan Weakens After Central Bank Sets Fixing Closer to 7 a Dollar
- Stocks Mixed as Trade Concern Lingers; Kiwi Slumps: Markets Wrap
2019/08/06
- Govt. helps biz map Indian entry
- Mahen buys control of KIA Motors for Rs. 714 m
- No change in 15% interest given to senior citizens
- China Acts to Limit Yuan Plunge After Being Labelled Manipulator
- World's Richest Lose 7 Billion in One-Day Market Meltdown
2019/08/05
- Biz confidence falls in July amid uncertainty
- Post-Easter tourism PR, marketing blitz at crossroads
- World's Biggest Banks Sink to Record Lows as China Pain Spreads
- World's Biggest Banks Sink to Record Lows as China Pain Spreads
- Sri Lanka nominal budget deficit wider in May 2019, foreign debt down
2019/08/02
- July inflation slows to 3.3%
- Cabinet nod to allocate Rs. 600 m to develop plantations
- Vigilance on e-payments essential: Central Bank
- Stock Traders Have Theories About the Timing of Trump’s Tariff Tweet
- Japan Removes South Korea From Trusted Export List
2019/08/01
- Sri Lanka opens up to the world to boost tourism
- PickMe acquires YAMU
- PM meets Secretary General of Muslim World League
- Powell Suggests Fed Embarking on 1990s-Style Mini Easing Cycle
- Dollar Climbs in Asia After Fed; Stock Slide Eases: Markets Wrap
2019/07/31
- Increase in public savings shows growth: PM
- Responsibility of all to promote tourism in SL: UN official
- Sri Lanka DFCC Bank profits down 20-pct in June quarter
- China, U.S. Resume Trade Talks Amid Trump’s ‘Rip-off’ Accusation
- Asian Stocks Decline on Trade Spat as Fed Awaited: Markets Wrap
2019/07/29
- 1H tea exports hit record Rs. 121.8 b
- Chinese help to revive Sri Lanka’s tourism
- WIM Top 50 Awards 2019: Encouraging women to dream big
- Hong Kong Awaits Rare China Briefing After Weekend of Protests
- Stocks Drop in Asia as Trade Talks, Fed in Focus: Markets Wrap
2019/07/26
- Tourism leaders fear worst yet to come
- BOI orders Hayleys Free Zone to re-export cargo before 12 August
- Shares close highest in nearly 5 months; rupee falls
- Singapore Is Spending Big to Future-Proof Its Slowing Economy
- Asian Stocks Follow U.S. Lower; Treasuries Flat: Markets Wrap
2019/07/25
- Amendments to Companies Act approved by P’ment
- Stock market gains to highest in nearly 20 weeks; rupee falls
- Asian brand Next to open hotel with 164 rooms and suites in Colombo in November
- U.S. Warship Sails Through Taiwan Strait Ahead of Trade Talks
- Stocks Trade Mixed in Asia, Australia Bonds Rally: Markets Wrap
2019/07/23
- Hayleys says no wrongdoing in free zone operations
- Govt. will gazette MLA amendments soon: Eran
- Sri Lanka expects revenues to improve by third quarter: Treasury Secy
- The Stock Frenzy in China’s New Trading Venue Is Already Fading
- Asia Stocks Edge Higher on Low Volumes; Oil Steady: Markets Wrap
2019/07/22
- New laws needed to stop money printing: CB Chief
- China’s debt tops 300% of GDP, now 15% of global total: IIF
- Economic sentiment rebounds: Survey
- Tear Gas, Attacks and Beijing's Warnings Fuel Hong Kong Anxiety
- Asia Stocks Mixed; Oil Gains Amid Iran Tensions: Markets Wrap
2019/07/19
- SMEs to get loans at lower interest rates soon: CB
- Stocks gain for seventh session; rupee edges down
- Tourism earnings drop by 71% in May
- Singapore's 0 Billion Market Looks Past Recession Risk
- Stocks Climb as Fed Cuts Pondered; Yields Rise: Markets Wrap
2019/07/18
- Exports rebound in May
- Tourism earnings drop by 71% in May
- Sri Lanka trade gap narrows in May 2019 after monetary instability
- Sri Lanka trade gap narrows in May 2019 after monetary instability
- China Is Drafting Urgent Plan to Resolve Hong Kong Chaos, SCMP Says
- Australia Sees Jobs Boom in West as Resources Comeback on Cards
2019/07/17
- SLTPB doubles tour operator incentive to boost tourist arrivals
- LOLC sells 62.3% stake in finance company to Singapore subsidiary
- Bank of Ceylon to raise Rs. 12 b via debentures
- Trump Says He Could Impose More China Tariffs If He Wants
- Stocks Trade Mixed on Low Volume; Dollar Steadies: Markets Wrap
2019/07/15
- Terror-hit tourism wants quick moves for proper revivalTerror-hit tourism wants quick moves for proper revival
- Colombo considers green living
- Sri Lanka keen on enhancing connectivity with Indian ports
- China’s Growth Slides to Weakest Pace in Almost Three Decades
- Asia Stocks Slip as China Growth Data Weighed: Markets Wrap
2019/07/11
- CB seen keeping rates steady after easing to spur growth
- Malik meets JETRO Chief to boost SL-Japan business ties
- Sri Lanka's overnight target rate down 84-bp since floor rate cut
- What Powell’s Rate Cut Signal Means for China’s Central Bank
- Asian Stocks Push Higher; Dollar Slips on Powell: Markets Wrap
2019/07/10
- Airlines welcome reduction in charges
- CB seen keeping rates steady after easing to spur growth
- Tourism crisis: CB Chief to meet banks, finance companies again
- China Wants Its Own Goldman Sachs. It Has a Big Headache Instead
- Singapore REITs Are Seen as Too Expensive After an 18% Surge This Year
2019/07/09
- Govt. gives fresh boost for tourism
- Port City completes Rs. 500 m livelihood support program
- BRI, debt and diplomacy: Challenges and opportunities for China-Sri Lanka economic relations
- Sri Lanka recyclers facing waste plastic shortages: Minister
- Sri Lanka's United Motors eyes commercial, earth moving vehicles as car sales fall
2019/07/08
- No SOFA, PM’s Office tells private sector
- Biz confidence rebounds
- Suicides due to economic reasons go up in Sri Lanka
- Morgan Stanley Turns Bearish on Global Stocks as Challenges Grow
- Asia Stocks Drop on Regional Tensions, Fed Focus: Markets Wrap
2019/07/05
- Govt. brews fresh cuppa for estate sector wage hike
- Cabinet approval to strengthen fiscal responsibility
- Sri Lanka making detailed designs for US0mn Colombo suburban electric train
- China Reiterates Demand That U.S. Must Lift All Tariffs
- Stocks See Muted Trading in Asia as Jobs Data Loom: Markets Wrap
2019/07/04
- Govt. flags off $ 2.2 b Light Railway Transit project
- Ceylon Chamber calls for more transparency on SOFA and MCC
- Cabinet approves cable car project in Nuwara Eliya
- Beijing’s Message to Hong Kong: Get in Line or Face Irrelevance
- Asian Stocks Mixed After U.S. Gains; Dollar Flat: Markets Wrap
2019/07/03
- Cabinet instructed to complete projects by Oct: PM
- Palaly Airport construction work to begin on Friday
- SL classified as upper-middle income by WB
- U.S. Slaps Import Duties of More Than 400% on Vietnam Steel
- Asia Stocks Slip; U.S. Yields Hit Lowest Since ‘16: Markets Wrap
2019/07/02
- President rebuffs UN Chief over hangings
- Govt. external debt $ 32.8 b by end-April
- China clocks in $ 989 m as SL’s largest lender in 1Q
- Hong Kong on Edge After Historic Night of Vandalism and Tear Gas
- Stocks Mixed as Investors Mull Trade, Slowing Data: Markets Wrap
2019/06/28
- Difficult operating conditions to stifle bank performance in 2019: Fitch
- US technical assistance to improve Ease of Doing Biz rankings
- Sri Lanka’s Expolanka diversifies into tech products shipments, expands warehousing
- Stocks Slip in Asia Ahead of Key Trump-Xi Meeting: Markets Wrap
- Xi Condemns ‘Bullying’ Ahead of Meeting With Trump: G-20 Update
2019/06/27
- SLASSCOM launches Sri Lanka’s first AI policy framework
- SEC files charges on market manipulation
- UK deeply concerned over resumption of death penalty
- Recession Looms in Singapore as Trade War Weighs on Economy
- Stocks Rise With Focus on G-20; Treasuries Steady: Markets Wrap
2019/06/26
- SL’s $ 2 b Bond issue draws big demand
- Citi says proud to partner Govt. in $ 2 b dual-tranche intl. sovereign bond offering
- US relaxes travel advisory further
- Trump Drags Dollar to Center Stage at G-20 as Trade War Heats Up
- Asian Stocks Slip as Fed-Cut, Trade Optimism Fades: Markets Wrap
2019/06/25
- PM pledges to lead charge for investment
- Fitch, Moody’s and S&P assign ratings for dollar bond
- Sri Lanka Tourism rolls out Indian promotion in Mumbai and Delhi
- Trump Muses Privately About Ending Post-war Japan Defence Pact
- Stocks Mixed as China Shares Slide; Yen Edges Up: Markets Wrap
2019/06/24
- Stakeholders confident of tourism sector recovery, suggest way forward
- Capital market must focus on insurance sector to spur growth: NITF Chief
- SCB triggers big global demand to finance Sri Lankan Airlines
- China No Match for Japan in Southeast Asia Infrastructure Race
- Stocks Trade Mixed; Oil Climbs on Iran Tensions: Markets Wrap
2019/06/21
- Moody’s revises SL’s growth to 2.6%
- Govt. hiding truth over Easter attacks: Malcolm Cardinal Ranjith
- Fitch, S&P issue rating on Sri Lankan Airlines’ proposed $ 175 m guaranteed dollar
- Joshua Wong Calls for Encircling Police HQ: Hong Kong Update
- Stocks Are Mixed at End of Best Week Since January: Markets Wrap
2019/06/19
- Trade deficit shrinks further
- LB Finance leading in NBFI sector with Rs. 9.8 b operating profit
- Sri Lanka in talks with China-backed AIIB for loans of billion dollars
- Trump Announces Re-Election Bid in Grievance-Filled Speech
- Stocks Gain on Trade, Stimulus Optimism; JGBs Rise: Markets Wrap
2019/06/18
- Port Chief says new deal for critical ECT best fit and win-win
- Sri Lanka’s first satellite ‘Raavana 1’ launched into orbit
- Aitken Spence Hotels to expand through management contracts in Sri Lanka
- Why China Still Wins Even If Protests Oust Hong Kong's Leader
- Asian Stocks Drift; Treasuries, Dollar Steady: Markets Wrap
2019/06/14
- Value of moratorium sought by tourism biz tops Rs. 60 b
- CJ gives permission for AG to indict 10 bond scam suspects
- Sri Lanka Auditor General bares Rs186bn 'contingent liability' fiddle on RDA loans
- Wal-Mart and Hundreds of Other Companies Call on Trump to Drop China Tariffs
- Stocks Mixed in Asia as Yields Grind Down; Gold Up: Markets Wrap
2019/06/13
- Sri Lanka Tourism kicks off revival post-Easter Sunday setback
- Non-financial public enterprises in Sri Lanka bust Rs129bn in 2018 as soft-peg
- Sri Lanka in talks with UN anti terror chief on countering violent extremism,
- Hong Kong Locked in Extradition Stalemate After Protesters Face Tear Gas
- Stocks, U.S. Futures Slide; Yen Rises With Bonds: Markets Wrap
2019/06/12
- State-Owned Enterprises’ losses double
- CSE ends at near 1-month high on local buying; rupee gains
- Bond yields decrease ahead of weekly bill auction
- Stocks Slip as Rally Fizzles; Treasuries Steady: Markets Wrap
- China Consumer Inflation Picks Up in May as Food Prices Jump
2019/06/11
- Easter Sunday attacks a setback but macro fundamentals not thrown off-track:CB
- CSE an absolute buying opportunity: CB Chief
- Shangri-La Hotel, Colombo to re-open on June 12
- Trump Says He'll Raise China Tariffs If Xi Won't Meet at G-20
- Asian Stocks, U.S. Futures Rise; Treasuries Steady: Markets Wrap
2019/06/06
- Global tea campaign to start in August
- Biz confidence continues to trend down
- LOLC concludes another strong financial year
- Trump Plays Good Cop on Huawei After Pompeo's European Threats
- Philippines Central Bank Governor Survives Rocky Start as Peso Rebounds
2019/06/04
- Fairway waste-to-energy project gets power purchase deal
- Banks asked to exercise due diligence with respect to NGOs, charities
- Sri Lanka's central bank defends discretionary monetary policy
- Trump's Next Trade War Target: Chinese Students at Elite Schools
- Stocks Edge Lower in Asia Trading, Treasuries Slip: Markets Wrap
2019/06/03
- Time to get down to business: CB Chief
- BoI signs $ 4.5 million agreement for luxury resort
- Lotus takes over Hatton Plantations for Rs. 1 b
- Morgan Stanley Sees Recession Within a Year If Trade War Gets Any Worse
- Stocks Remain Under Pressure Amid Trade-War Angst: Markets Wrap
2019/05/31
- Govt. launches relief for informal tourism sector
- Expolanka closes 4Q with Rs. 575 m PAT
- Stocks gain on hope of rate cut; rupee weaker
- Markets Reel as New Front in Trade War Makes a Bad Month Worse
- Japan’s Biggest Bank Offers Redundancy to Hundreds of Managers in London
2019/05/29
- Imports dip 19.3% in 1Q
- CASA optimistic about new deal for ECT, welcomes port expansion
- China Gears Up to Weaponize Rare Earths in Trade War
- Asia Stocks Drop as Sovereign-Bond Rally Extends: Markets Wrap
- India relaxes travel advisory to Sri Lanka
2019/05/28
- Economy and security at core of SL future
- SLTDA removes minimum room rate imposed on Colombo city hotels
- Sri Lanka mobile phone network latency not good enough, survey finds
- Americans Snap Up Imports From Vietnam at China’s Expense
- Asian Stocks Drift, U.S. Yields Near 19-Month Low: Markets Wrap
2019/05/27
- Leisure-hit JKH says outlook for other biz “positive”
- SLPA says new deal on ECT to boost Colombo Port
- Spence outperforms industry benchmarks with 13.8% growth in Pre-Tax Profit
- Billionaire Huawei Founder Defiant in Face of Existential Threat
- Asia Stocks Mixed; Yuan Steady After China Warning: Markets Wrap
2019/05/24
- Tourism wails over VAT cut volley
- Advocata supports expert committee recommendations on restructuring SriLankan
- CSE Chief tells Singapore investor forum Sri Lanka will bounce back stronger
- Trump Wields a More Powerful Weapon Than Tariffs for Trade War
- Goldman Says Buy Commodities in Worst Weekly Slump This Year
2019/05/23
- Govt. to revise 2019 Budget
- CSE and SEC holds investor forum in Singapore to restore confidence
- Stocks inch higher in thin trade; rupee weaker
- Huawei Executive Accused of Starting a Spy Mission Against Rival
- 364-day bill weighted average crashes to 64-week low
2019/05/22
- Japan and India to develop Colombo port, countering Belt and Road
- Private sector takes Pledge for Unity
- Hayleys revenue up 34% YoY to Rs. 219 b in FY 18/19
- Trump Held Off Punishing Huawei Until China Trade Talks Stalled
- Stocks, Yuan Mark Time Before Next Trade-War Page: Markets Wrap
2019/05/21
- New take-off for UL
- Delay in VAT relief irks tourism industry
- Sri Lanka's price controlled drugs raised 14.4-pct as central bank busts rupee
- Sri Lanka still has access to international bond market despite attacks: CB Governor
- China Warns About ‘Unwavering Resolve’ to Fight U.S. ‘Bullying’
2019/05/17
- IMF keeps Sri Lanka’s growth unchanged at 3.5% despite attacks
- Banks, tourism industries reach consensus
- Galadari Hotel starts $ 15 m refurbishment
- These Are the Worst-Case Scenarios for China in the Trade War
- Stocks Gain as U.S. Rally Extends; Yields Steady: Markets Wrap
2019/05/15
- Clergy point to invisible hand with political motives behind violence
- ComBank deposits surpass landmark Rs. 1 t in Q1 2019
- Sri Lanka to lure tourists from Thailand, short haul markets
- Sri Lanka’s CICT invests in dangerous goods storage facility
- Sri Lanka to lure tourists from Thailand, short haul markets
2019/05/14
- Curfew imposed as clashes erupt
- HNB Group records PBT of Rs. 3.4 b in 1Q
- Banking on tourism revival
- China's Most Valuable Companies to Show Effects of Trade War
- Uber Shares Are Quickly Approaching ‘White Knuckle’ Territory
2019/05/13
- CSE, LSE sign MoU in London for dual listing of Lankan dollar bonds
- Sri Lanka private credit weak in March
- Sri Lanka eyes security audit to build tourist confidence
- S&P 500 Futures Tumble, Extending Worst Weekly Drop of 2019
- China Tried to Link 737 Max Approval to Support for Its Own Jets
2019/05/10
- Move to let SOEs borrow in foreign currency
- China says ‘fed up’ with hearing US complaints on Belt and Road
- Cardinal urges forces to conduct security checks on all
- Stocks fall for 6th session, rupee snaps 2 days of gains
- Uber Raises .1 Billion in IPO Priced Near Bottom of Range
- Move to let SOEs borrow in foreign currency
2019/05/07
- Sri Lanka tourist arrivals fall 7.5 percent in April after bombings
- Sri Lanka to enter global value chains with Indian, Chinese links: CB Governor
- Telenor and Dialog Axiata's parent in talks to merge Asian businesses
- New Zealand Is Poised to Cut Interest Rates as the Economy Cools
- [Asia%20Stocks%20Mixed%20on%20Tariffs;%20Treasuries%20Steady:%20Markets%20Wrap]Asia Stocks Mixed on Tariffs; Treasuries Steady: Markets Wrap
2019/05/06
- Sri Lanka to give tax waivers, support measures for tourist industry: report
- Sri Lanka's Mattala airport use halves in 2018
- Private sector opposes SLPA tariff hike move
- China Considers Delaying Next Trade Talks After Trump’s Tariff Threat
- Yuan Plunges, U.S. Stock Futures Drop on Trade War: Markets Wrap
2019/05/02
- Tourist arrivals plunge 50%-70% post-Easter Sunday terror attacks
- South Asia’s largest LPG transshipment terminal by LAUGFS starts
- Govt. to obtain 0 m loan for Port City development
- Hotels to meet airlines today to lure tourists with special promotions
- Asian Stocks Trade Mixed; Dollar Retains Advance: Markets Wrap
2019/04/24
- March inflation hits 2.9%
- Sri Lanka bond yields, rupee steady after Easter terror
- Sri Lanka Tourism assures world country open for business
- Southern Expressway extension from Matara to Hambantota to open for public in August
- U.S., China Plan Trade Talks Next Week in Push for May Agreement
2019/04/17
- Sinopec wins bid to operate tank farm at Hambantota Port
- IFC report estimates investor appetite for impact investing could be as high as 26t
- Manufacturing, services sectors expand in March
- China's Economic Growth Unexpectedly Held Up in First Quarter
- Trump Stirs Alarm That He May Be Giving China a New Trade Weapon
2019/04/16
- Market watch – Daily 16th April of 2019.
2019/04/02
- CEB acts to light up SL
- Chevron calls for Sri Lanka lube regulator with powers to limit competition
- Private credit in Sri Lanka turns negative after four years in Jan 2019
- Xi Fails to Calm Europe as Juncker Takes Another Swipe at China
- Stocks Consolidate After Rally; Yields Edge Down: Markets Wrap
2019/04/01
- Perseverance, SL’s strategic location bring biggest FDI project to fruition
- SEC files action against Dr. Sena Yaddehige for insider dealing
- More countries opting for Artificial Intelligence to prevent crime
- Singapore Luxury Home Prices Drop Most in a Decade on Curbs
- Stocks Gain, Yen Dips as China Eases Growth Worry: Markets Wrap
2019/03/29
- Sri Lanka firms eye converted residences to cut costs amid slowdown
- Increasing sustainability reporting in Sri Lanka and Bangladesh
- Rupee extends gains; stocks rebound from 6-year low
- Kudlow Says U.S. Ready to Extend China Talks by Weeks or Months
- Asia Stocks Gain; Capping Strong Quarterly Rebound: Markets Wrap
2019/03/28
- CEB to go for supplementary power purchases to address power shortage
- Adani Global wins spot tender to supply coal to Norochcholai
- Euro 11 m German grant to set up technical training institute in Matara
- Trump's Warships Test China’s Red Lines as Trade Talks Grind On
- Stocks Slide Again as Bond-Yield Drop Stokes Worry: Markets Wrap
2019/03/27
- Sri Lanka Singapore FTA in operation as signed: Minister
- SAGT strengthens operating infrastructure capabilities with Rs. 1.6 b investment
- Stocks down, rupee up
- China’s First Quarter Recovery Is Unmistakable, Beige Book Says
- This Hedge Fund Lost 9 Million Last Year
2019/03/26
- NCE requests representation in Budget Monitoring Committee
- Govt. to implement National Digital Economy Strategy by mid-2019
- Sri Lanka goes from boom-bust to bust-bust with soft-peg: Bellwether
- Airbus Secures Billion China Deal in New Blow to Boeing
- Japan Stocks Jump, U.S. Futures Advance, Yen Dips: Markets Wrap
2019/03/22
- Inflation rises to 2.4% in Feb
- Parallel construction of Central Expressway to offset delays
- Sri Lanka to discuss Draft National Policy on LNG
- Trump Aides Play Down Odds of Swift China Deal Ahead of Talks
- Asia Stocks Mixed, Bond Yields Hit Lowest in Years: Markets Wrap
2019/03/21
- Sri Lanka quarterly growth slows to near 4-year low on political crisis
- Oman denies it has agreed to invest in Sri Lanka oil refinery project
- ADB, China lead project loan disbursements for Sri Lanka in 2018
- Fed holds line on rates, says no more hikes ahead this year
- Trump Says Tariffs Will Stay Until China Complies With Deal
2019/03/19
- Sri Lanka's Sanken eyes mega projects with foreign partners after 2019 budget
- Huawei steps up commitment, growth potential in “innovation hub” SL
- Sri Lanka dairy farmers in trouble after buying imported milch cows
- Mukesh Ambani Bails Brother Out of Jail Trouble by Paying Dues
- Asian Stocks Fall Ahead of Fed; Dollar Steadies: Markets Wrap
2019/03/18
- Sri Lanka forex reserves drop to US,005mn in Feb
- Slow growth for manufacturing, services in February
- 60-pct foreign ownership in Sri Lanka shipping, Maersk keen on East Terminal
- Hundreds of Firms May Be Demoted in Tokyo Exchange Shakeup
- Boeing Had Too Much Sway Vetting Own Planes, FAA Was Warned
2019/03/14
- Mandatory provisions on separation of Chairman/CEO roles awaiting public consultation: SEC Chairman
- New Tourism Advisory Committee gets down to work
- Cabinet approves 28 1 MW solar power projects
- U.S. Grounds Boeing 737 After Latest Crash Linked to Earlier One
- Asia Stocks Trade Mixed; Pound Pares Surge: Markets Wrap
2019/03/12
- Fiscal consolidation plans need policy effectiveness and stronger growth: Moodys
- JICA signs Rs. 48 b concessionary loan to build Malabe-Fort LRT line
- Norges Fund investments in Sri Lanka grow 15.3-pct to US.3m in 2018
- Singapore Halts All Incoming, Outgoing Boeing 737 Max Flights
- Asia Stocks Rise Most Since January, Pound Climbs: Markets Wrap
2019/03/11
- Budget gets IMF support
- Sri Lanka car market stalls as duty increase hits demand
- Business confidence continues to rise
- China Grounds Entire Domestic Fleet of Boeing 737 Max Jets After Crash
- Indonesian Property Stock Soars 1,700% Since January IPO
2019/03/08
- Colombo District Land Price Index up 18%
- Swiss Singapore Overseas gets another Sri Lanka crude oil deal
- Swiss Singapore Overseas gets another Sri Lanka crude oil deal
- Sri Lanka national debt soars to 84-pct of GDP amid soft-peg collapse
- China Stocks Slump Most This Year as Sell Rating Shocks Traders
- Stock Slide Extends to Asia Amid Growth Worries: Markets Wrap
2019/03/07
- Visolit sees potential in IT service sector to expand presence globally
- Sri Lanka launches 5 and 10 year sovereign bonds
- Sri Lanka gets oil refinery, steel plant investments from Singapore
- Trump Pushes China Trade Deal to Boost Markets as 2020 Heats Up
- Asian Stocks Drop on Growth Woes; Yen Edges Higher: Markets Wrap
2019/03/06
- Boosts and bumpers in Budget
- ‘So Sri Lanka’ campaign to launch at ITB Germany today
- Sri Lanka aims for lowest deficit in decades; banks on returning foreign bond buyers
- Tariff-Man Trump to Preside Over 0 Billion Jump in Trade Gap
- Asian Stocks Trade Mixed; Dollar Pushes Higher: Markets Wrap
2019/03/05
- Big expectations on Budget 2019
- JKH back in MSCI Frontier Market 100 Index
- Sri Lanka to set up drugs manufacturing zone near Hambantota port
- China Lowers Growth Target and Cuts Taxes as Economy Slows
- Asian Stocks Track U.S. Slide; Dollar Edges Higher: Markets Wrap
2019/03/01
- Cinnamon Life to redefine Colombo’s skyline soon
- Maersk mulls increasing container handling in Sri Lanka
- Sri Lanka reaches staff level deal with IMF
- A New Billionaire Emerges From Singapore Gaming Powerhouse Sea
- Stocks Rise as China Data Tops Estimates; Yen Dips: Markets Wrap
2019/02/28
- NEC proposes regulatory authority for microfinance
- Port City gets ISO 9001:2015 certification
- China Machinery wins Sri Lanka coal power plant maintenance deal
- Risk of India-Pakistan War May Hang on the Fate of Downed Pilot
- Asia Stocks Slip as China PMI Data Dents Sentiment: Markets Wrap
2019/02/27
- Higher exports for job growth
- Govt. asks IMF for 1-year loan extension, relax tight spending targets
- Union Bank reports impressive 49% growth in profit before all taxes in FY18
- Asia Stocks Post Modest Gains; Dollar Steadies: Markets Wrap
- Trump Lands in Hanoi for Second Kim Summit as Ambitions Run Low
2019/02/26
- LOLC joins the ‘trillion’ club
- HNB Group ups after tax profit by 14% to Rs. 19.1 b
- Colombo to become a smart port in 18 months: Sagala
- Chinese Stocks Simmer Down as Officials Warn of Rise in Leverage
- How Hong Kong's Property Slump Could Clobber the Economy
2019/02/25
- CB puts ISBs first in quest for debt repayment funds
- Commercial Bank ends 2018 with a solid performance
- Sri Lanka growth may have slowed to 3-pct GDP in 2018, 4-pct target in 2019
- Trump Extends China Tariff Deadline After ‘Substantial’ Progress
- Stocks Gain in Asia, Yuan Rises on Trade Optimism: Markets Wrap
2019/02/22
- Public sector change essential for growth: CIMA President
- India to help set up Information Technology Park in Jaffna with Rs. 250 m grant
- Sri Lanka cuts statutory reserve ratio, releasing liquidity
- Trump Plans to Meet China’s Top Trade Chief on Friday
- Asia Stocks Follow U.S. Peers Lower; Bonds Steady: Markets Wrap
2019/02/21
- Seylan Bank reports modest overall growth in FY 2018
- DFCC continues with stable growth despite challenges
- Macroeconomic crisis in Oct-Dec. quarter triggers Rs. 327 m loss at Softlogic
- Housing Dream Turned Nightmare Spurs a Backlash in Australia
- Stocks Pare Losses on Trade Optimism; Bonds Slip: Markets Wrap
2019/02/20
- Germany calls for more transparency in SL as bilateral ties expand
- Macroeconomic crisis in Oct-Dec. quarter triggers Rs. 327 m loss at Softlogic
- Japan’s Odakyu Group partners TAD Group for Rs. 4.5 b investment in Sri Lanka
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- Asia Stocks Gain as Profits Buoy U.S.; Yuan Climbs: Markets Wrap
2019/02/15
- U.S.-China Trade Talks Set to Wrap Up With Few Signs of Progress
- China’s Slowing Factory Prices Add to Deflation, Profit Concerns
- Microfinance Act soon to curb indebtedness
- Four more banks obtain enjoining orders against MTD Walkers
- SL to grow 3.5% in 2019: WB
2019/02/14
- MTD Walkers PLC enjoined from transferring shares till 20 February
- UK announces Core Group will submit resolution on Sri Lanka at UNHRC session
- Sri Lanka to revive small scale rice millers to boost competition
- Fed Officials’ Views on the Economy Have Converged: It's in a Good Place
- Asian Stocks Mixed on Trade Talks Wait-and-See: Markets Wrap
2019/02/13
- Sri Lankan Entrepreneur of the Year 2018
- Govt. nod for two LNG plants
- Fitch cuts outlook of Sri Lanka's NDB on risk appetite, falling capital
- China’s High-Stakes Bid to Boost Stocks Risks Inflating Bubble
- Asia Stocks Rise on Trade Hopes; Kiwi Dollar Gains: Markets Wrap
2019/02/12
- Taranjit tells Sri Lanka “only country joined by destiny” is India
- NDB records exceptional performance for 2018
- Sri Lanka EPF had funded Perpetual deals after avoiding auctions: Auditor General
- Trump Wants to Meet With Xi ‘Very Soon’ Over Trade War, Adviser Says
- Stocks Rise on U.S. Federal Funding, Trade Hopes: Markets Wrap
2019/02/11
- Economic sentiment improves in January: Survey
- Aitken Spence records significant growth
- Sri Lanka forex reserves down to US.1bn in Feb
- China New Year Binge Spending Rises at Slowest Pace in Years
- Stocks Mixed as China Returns, Rally Fizzles: Markets Wrap
2019/02/08
- Expolanka posts strong consolidation on top and bottom line performances in 3Q
- Biz confidence improves post-Supreme Court ruling
- Sri Lanka’s Teejay Lanka December quarter net profit up 12-pct
- Trump Says He Won't Meet Xi Jinping Before Tariff Deadline
- Asian Stocks Slide Most in a Month; Aussie Sinks: Markets Wrap
2019/02/07
- Two to tango for Kishu Gomes
- Chevron gets three tenders
- Sri Lanka warned to cards with microchips, vigilance, amid ATM fraud
- Asia Stocks Mixed on Earnings; Dollar Gain Builds: Markets Wrap
- The U.S. Trade Deficit With China Is Set to Balloon Again
2019/02/06
- Appropriation Bill 2019 presented
- RPCs to meet today for wage talks
- Sri Lanka’s LVL Energy December quarter net profit down 40-pct
- Asian Stocks Edge Up; Aussie Sinks on RBA Tweak: Markets Wrap
- How Japan (Eventually) Changed the World With Zero Rates
2019/02/01
- JKH reports growth in top line and bottom line for 3Q
- CB Chief says debt challenge manageable but proper fix is higher exports and FDI
- Sri Lanka soft drink maker sees volumes plunge 23-pct
- Asia Stocks Flat as U.S.-China Trade Talks Wear On: Markets Wrap
- China Vows to Buy More U.S. Goods, Sees Progress in Trade Talks
2019/01/31
- Construction cash strapped
- Highest marine microplastic pollution in seas off Sri Lanka's North West: study
- Sri Lanka poultry groups warns of weakening demand, Fall Armyworm
- China Has Too Many Investment Bankers. That Means Fees of Just 0.001%
- China Manufacturing Shows Resilience Amid Trade War, Slowdown
2019/01/30
- Tax and policy incentives for Port City soon
- Sri Lanka’s Fintrex Finance to focus on lending to entrepreneurs
- Sri Lanka awaits armyworm damage report to relax maize imports
- U.S. and China Are Talking Some More, But Deal Prospects Are Still Slim
- Asian Stocks Slip Before Fed; Yuan Extends Gains: Markets Wrap
2019/01/29
- Limits, depreciation trigger first import dip in 17 months
- Sri Lanka plantation stocks fall after new pay deal
- Sri Lanka’s November trade gap narrows, imports fall
- Asia Stocks Drop as Earnings Fade, Trade in Focus: Markets Wrap
- Trump to Wade Into China Trade Talks as U.S. Targets Huawei
2019/01/28
- RPCs and trade unions end wages deadlock; agree to Rs. 750 daily wag
- Sri Lanka tightens capital account to maintain soft-peg
- Sri Lanka car registrations fell sharply amid currency, political crises
- Emerging Asia Market Rebound in Sight With China, Trade Caveats
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2019/01/25
- Sri Lanka Maha paddy output projected at 2.5mn tonnes
- COPE lists SOE losses
- Finance Ministry calls for Budget proposals
- Singapore Is Seeing an Unprecedented Mortgage Slowdown
- Asian Stocks Push Higher Led by Tech; Pound Climbs: Markets Wrap
2019/01/24
- Sri Lankan Airlines lose Rs40bn amid currency fall
- Apparel cracks $ 5 b target
- 0m WB funding for healthcare
- ‘Fat Finger’ Blamed as Centuries-Old Conglomerate Loses Billion
- Asia Stocks Mixed on Growth, Trade News Vacuum: Markets Wrap
2019/01/23
- Sri Lanka rupee 'undervalued' with REER at 96 amid soft-peg collapse
- War against Fall Armyworm
- Business leaders share the ‘why’ and ‘how’ of employer-supported childcare at roundtable
- Asian Stocks Pare Early Losses; Yen Declines: Markets Wrap
- BOJ Leaves Stimulus Unchanged as It Cuts Inflation Outlook Again
2019/01/22
- IMF lowers growth forecasts amid Trump protectionism
- CB calls for managers to raise $ 2 b in bonds
- December inflation dips to 2.1%
- Asia Stocks, U.S. Futures Slip; Treasuries Edge Up: Markets Wrap
- China’s Xi Warns Party of ‘Serious Dangers’ as Risks Mount
2019/01/21
- Sri Lanka's EPF loses most from Laugfs, Dockyard, Carsons; gains from banks
- EIU forecasts SL’s growth to be below 5%
- Tourism achieves $ 4.4b revenue target for 2018
- U.S.-China Trade Talks Falling Short on Make-Or-Break IP Issues
- https://www.bloomberg.com/news/articles/2019-01-21/u-s-china-trade-talks-falling-short-on-make-or-break-ip-issues?srnd=premium-asia
- China’s Economy Slows to the Weakest Pace Since 2009
2019/01/18
- CB to raise over b in 1Q
- China Port City awaits Sri Lanka incentives, laws, to sell land
- Rupee, stocks rise after IMF statement
- Some Hong Kong Stocks Sink 70% as Wave of Selling Hits
- Foreign Investors Are on a Record China Property Spree
2019/01/17
- Port City is here for all!
- Sri Lanka tourism starts to recover from political crisis hit
- IMF team to arrive in mid-Feb
- Asian Stocks Mixed as Global Rally Loses Steam: Markets Wrap
- May Wins Confidence Vote and Opens Cross-Party Brexit Talks
2019/01/16
- CSE expresses optimism amidst headwinds
- Sri Lanka targets three million tourists in 2019: minister
- People’s Merchant draws motor industry specialist Sterling as strategic investor
- Brexit Pushes Britain to Brink as Government Fights for Survival
- Four Chinese Tycoons Just Transferred Billion to Trusts
2019/01/14
- MTI strategies Africa entry for Bangladesh’s top conglomerate
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- Draft shipping policy creates storm
- Gundlach Warns U.S. Economy Is Floating on ‘an Ocean of Debt
- Markets Take the Lead When It Comes to Factoring in Recession
2019/01/11
- Fuel prices reduced
- Sri Lanka’s Hambantota port business diversifying, ship calls up
- Sri Lanka stocks close stronger
- Asia Stocks Build on Weekly Gain; Yuan Rises Again: Markets Wrap
- From Jaguar to Macy's, Global Gloom Spreads Across Industries
2019/01/10
- Sri Lanka to cut withholding tax on interest, rent, royalties
- Central Bank shores up reserves
- Rupee rises as foreign banks sell dollar; shares at over 6-wk low
- China Factory Prices Rise at Slowest Pace in More Than Two Years
- U.S. Pushes China on Promises After ‘In-Depth’ Trade Meetings
2019/01/09
- Sri Lanka to police exporters, tighten capital account to maintain soft-peg
- Sri Lanka’s youth unemployment remains high
- Economic sentiment deteriorates: Survey
- Trump Wants Trade Deal With China to Boost Stocks, Sources Say
- These Could Be the World’s Biggest Economies by 2030
2019/01/08
- Sri Lanka unemployment down in third quarter 2018
- Sri Lanka cement use flat in 2018, but pick up in September
- Cabinet approves Appropriation Bill
- China Offered to Bail Out Malaysia's 1MDB Fund, WSJ Says
- Carlos Ghosn vs. Japan's Legal System
2019/01/07
- Sri Lanka hydro power up 87-pct amid rain
- Sri Lanka's Hunas Falls soars amid take-over offer
- SLPA tariff revision in New Year rattles exporters, importers
- Seven Key Issues to Determine Success of U.S.-China Trade Talks
- China’s Latest Move to Cushion Its Economy Won’t Be the Last, Economists Say
2019/01/04
- Sri Lanka plans 2019 budget with 3.5-pct deficit
- Sri Lanka to get digital transit card for bus, rail transport
- Biz confidence takes a tumble in December
- Japan Stocks Plunge on Their First Trading Day of 2019
- The Bad Stuff That the Stock Market Worried About Is Starting to Happen
2019/01/03
- Sri Lanka to be 'brutal' on finance companies that lose capital
- Japanese experts helps Sri Lanka update monetary laws
- Tourist arrivals growth higher in 2018 with record haul in December
- Yen Jumps as Apple Fans Growth Woes; Stocks Mixed: Markets Wrap
- Apple’s China Trouble Makes Trump’s Trade War Harder to Defend
2018/12/31
- Sri Lanka bank credit soars above Rs100bn for past three months
- CoE unimpressed by Singapore FTA
- CDB to raise Rs. 1.25 b via debenture issue
- Asian Stocks Rise After Trump, Xi Talk; Yen Dips: Markets Wrap
- China Slowdown Continues With Factory Gauge at Lowest Level Since 2016
2018/12/28
- Laugfs Gas to invest Rs. 1.15 b in subsidiary’s LPG terminal venture
- Lighthouse Hotel goes for first major revamp with Rs. 450 m investment
- PricewaterhouseCoopers Sri Lanka promotes Myanmar opportunities for Lankan firms
- China Has the World's Worst Stock Market With .3 Trillion Loss
- Biggest Stock Reversal Since 2010 Rings of Bear Market Bounce
2018/12/27
- Dismal earnings growth for tourism in Oct.
- Sri Lanka fiscal data delayed amid political crisis
- Constituent changes to S&P Sri Lanka 20 Index
- U.S.-China Trade Talks to Take Place in Beijing in Early Jan.
- Traders See End to ‘Feverish Fear-Mongering’ After Stocks Surge
2018/12/24
- Exports static, imports soar in Oct.
- NDB goes for Rs. 6.5 b BASEL III debentures
- Workers’ remittances rebounds to 10% gain
- Top Fund Proves Value Investing Works in China With 159% Return
- China Still Has a Treasure Chest of Overseas Real Estate to Sell
2018/12/20
- LeapFrog invests over Rs. 2 b for 19% stake in Softlogic Life Insurance
- Hayleys Advantis unveils Sri Lanka’s largest distribution hub
- Sri Lanka’s SAGT nearly doubles design capacity handling 2mn containers
- BOJ Keeps Policy Unchanged After Fed Adds Dovish Tint to Outlook
- Fed Raises Rates, Turns More Cautious on Outlook for 2019 Hikes
2018/12/19
- GDP growth slumps to 2.9% in 3Q
- Sri Lanka stocks down, foreign selling in JKH
- Sri Lanka's PickMe mulls financial services
- Citigroup Faces 0 Million Loss on Loan to Asia Fund
- Investment Banker Exodus Hits Deutsche Bank in Hong Kong, Singapore
2018/12/18
- Asia Stocks Drop After U.S. Slide to 14-Month Low: Markets Wrap
- China's U.S. Treasuries Holdings Tumble to Lowest Since May 2017

2019/08/21

Mahindra Finance and Ideal Finance form NBFI joint venture in Sri Lanka

Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance), India’s leading Non-Banking Finance Company (NBFC), has entered into a joint venture with Ideal Finance Ltd. (IFL), a fully-owned subsidiary of the leading Sri Lankan conglomerate Ideal Group. Mahindra Finance will invest Rs. 2 billion until March 2021 for up to 58.2% stake in Ideal Finance. The joint venture will capitalise on Mahindra Finance’s 25-year expertise in the financial services domain and Ideal Finance’s domestic market knowledge to build a leading financial services business in Sri Lanka. – Daily Ft

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Mahindra Finance and Ideal Finance form NBFI joint venture in Sri Lanka

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