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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
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2019/02/06
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2019/02/01
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2019/01/31
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2019/01/30
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2019/01/29
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2019/01/28
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2019/01/25
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2019/01/24
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2019/01/23
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2019/01/22
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2019/01/21
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2019/01/18
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2019/01/17
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2019/01/16
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2019/01/14
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2019/01/11
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2019/01/10
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2019/01/09
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2019/01/08
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2019/01/07
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2019/01/04
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2019/01/03
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2018/12/31
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2018/12/28
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2018/12/27
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2018/12/24
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2018/12/20
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2018/12/19
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2018/12/18
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2019/01/23

Sri Lanka rupee 'undervalued' with REER at 96 amid soft-peg collapse

Sri Lanka's real effective exchange rate (REER) index has dropped below 100 amid a collapse of a soft-peg with the US dollar, forcing the central bank to spend 1.2 billion US dollars to prop up the currency while printing money. A REER index calculated by the central bank dropped from 102.24 in September to 98.10 in October and 96.29 in November, as credibility of Sri Lanka's dollar peg was lost making exporters hold dollars and borrow printed money and foreign holders of rupee bonds to flee. – Economynext

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Sri Lanka rupee 'undervalued' with REER at 96 amid soft-peg collapse

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