Recent rupee depreciation aligned with capital outflows not current account
Jan 08, 2019 (LBO) – Sri Lanka’s Central Bank Governor says that the rupee depreciation is no longer aligned with fundamentals in terms of current account …
I think we are understating Sri Lanka’s GDP under new methodology: CB Governor
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor on Wednesday pointed out that the authorities need to look at carefully whether they are recording …
Sri Lanka to complete IMF programme in 2019; reserves at USD6.9bn
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor remained optimistic that the staff level agreement reached in principle with the IMF on the fifth …
First Capital increases equity exposure as global funds reversing towards Asia
Dec 28, 2018 (LBO) – First Capital Research has upgraded its equity exposure to 60 percent with the belief that the events that have unfolded globally may …
Fitch downgrades Sri Lanka to ‘B’ amidst political crisis; outlook stable
Dec 04, 2018 (LBO) – Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B+', with a …
Sri Lanka’s Central Bank says Moody’s latest rating decision is unfounded
Nov 21, 2018 (LBO) – Sri Lanka's Central Bank on Wednesday said that it is of the view that the decision by Moody's to downgrade Sri Lanka's foreign currency …
Moody’s downgrades Sri Lanka ratings to B2 amid political crisis
Nov 20, 2018 (LBO) – Moody's Investors Service has downgraded the Government of Sri Lanka's foreign currency issuer and senior unsecured ratings to B2 from …
SLMC, UNF pledges support to UNP leader Ranil Wickremesinghe
Oct 27, 2018 (LBO) – Sri Lanka Muslim Congress and the United National Front (UNF), the alliance formed by the United National Party on Saturday pledged its …
Tourist arrivals to Sri Lanka up 2.8-pct in September with largest source from India
Oct 05, 2018 (LBO) – Tourist arrivals to Sri Lanka were up 2.8 percent to 149,087 in September 2018 from a year earlier, official data showed. Last month, …
Sri Lanka restricts vehicle imports for MPs, Ministries, state sector employees & others
Sept 29, 2018 (LBO) – Sri Lanka’s government in order to ease the pressure on the Sri Lankan rupee has decided to take the following measures temporarily …
US BUILD act passes House; aims to counter China’s debt-trap diplomacy
Sept 27, 2018 (LBO) – United States House of Representatives have approved the inclusion of the Better Utilization of Investments Leading to Development …
Janashakthi PLC acquires 31-pct stake in Dunamis Capital
Sept 13, 2018 (LBO) – Janashakthi PLC acquired 31.14 percent in Dunamis Capital PLC, Dunamis Capital said in a stock exchange filing. Accordingly, a total of …
Tourist arrivals to Sri Lanka up 5-pct in August with largest source from India
Sept 06, 2018 (LBO) – Tourist arrivals to Sri Lanka were up five percent to 200,359 in August 2018 from a year earlier, official data showed. This month, the …
Sri Lanka is monitoring Singapore FTA to address any issue: Prime Minister
Aug 10, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe yesterday said that they are monitoring and reviewing the Singapore FTA to address …
CB Governor says bank deposit and lending rates need to come down
Aug 08, 2018 (LBO) – Sri Lanka's Central Bank Governor Indrajit Coomaraswamy expressed concern on the current deposit and lending rates of the banks. …
Sri Lanka remains Human Rights Priority Country of UK with limited progress
July 16, 2018 (LBO) – Sri Lanka remains a priority country in the United Kingdom’s Annual Human Rights Report 2017. Sri Lanka is one of 30 ‘Human Rights …
No contribution was made by China Harbour to my election campaign: MR
July 01, 2018 (LBO) – Sri Lanka’s ex-President Mahinda Rajapaksa says no contribution was made by China Harbour Company to his 2015 presidential election …
SL – China FTA would result in higher gains for Sri Lankan exports: Study
May 22, 2018 (LBO) – Sri Lanka – China FTA would result in higher gains for Sri Lankan exports compared to products imported from China which are already …
Sri Lanka among 23 countries vulnerable to Chinese debt distress: Study
May 16, 2018 (LBO) – Sri Lanka has been classified as a highly vulnerable country to debt distress of China’s Belt and Road Initiative (BRI) in a recent …
35-pct of 2017 budget promises near completion, 24-pct broken: Research
Apr 25, 2018 (LBO) – Progress for the 2017 budget proposals tracked by Verité Research shows that almost a quarter of the budget promises have been broken …