Economy

Sri Lanka expects US$100 Bn Market Capitalization by 2020: SEC Chief

Jan 08, 2014 (LBO) - Sri Lanka expects a US$ 100 billion market capitalization by 2020, the Chairman of Securities and Exchange Commission said yesterday. buy …

Sri Lanka SEC says State Owned Enterprises should be listed on CSE

Jan 07, 2014 (LBO) – Sri Lanka’s Securities and Exchange Commission says, not only the private sector but also State owned Enterprises (SOEs) should be …

Sri Lanka’s BOP recorded a surplus of US $ 1,400mn: Central Bank

Jan 05, 2014 (LBO) - Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP surplus of 1,400 million US dollars in 2014. Sri …

Sri Lanka’s Regional Development Bank to issue Rs.2.5 bn debenture issue

Jan 05, 2014 (LBO) – Sri Lanka’s Regional Development Bank or Pradeshiya Sanwardana Bank to issue debenture to raise 2.5 billion rupees which will …

Economic Imperatives post 8th January by Ceylon Chamber of Commerce

Since the end of the conflict in 2009, Sri Lanka has achieved economic growth above 7 percent on average and a relatively stable macro-economic position. …

Central Bank says Sri Lankan Rupee was relatively stable in 2014

Jan 05, 2014 (LBO) – Sri Lanka’s Rupee was relatively stable amidst the volatility in the international currency market, the Central Bank has said. …

Sri Lanka’s economy grew 7.8 pct in 2014 and targets 8 pct growth in 2015: Central Bank

Jan 03, 2014 (LBO) – Sri Lanka's economy grew about 7.8 percent in 2014, the Central Bank Governor Ajith Nivard Cabraal said. Exports grew 10 percent to …

Sri Lanka’s Samurdhi payments are mostly politically driven: Governor

Jan 03, 2014 (LBO) – Sri Lanka’s Governor Nivard Cabraal said that Island’s Samurdhi (prosperity) income re-distribution scheme is mostly …

Sri Lanka’s inflation is at 2.1-pct in December 2014: Central Bank

Jan 01, 2015 (LBO) –Sri Lanka inflation up to 2.1percent in December 2014 from to 1.5 percent in November 2014, the Central bank of Sri Lanka said in a …

Sri Lanka‘s Colombo Stock Exchange records 105.8 million foreign purchases in 2014

Jan 01, 2015 (LBO) – Sri Lanka’s Colombo stock exchange (CSE) has reported 105,812. 5 million rupees of foreign purchases as at 31st December 2014, …

Korea Exim bank to loan USD 79 mn for water supply projects in Sri Lanka

Dec 31, 2014 (LBO) - The Export-Import Bank of Korea signed a total 79 million dollars’ worth Economic Development and Cooperation Fund (EDCF) loan …

Sri Lanka’s Central bank to provide 12 pct interest scheme for senior citizens

Dec 30, 2014 (LBO) – Sri Lanka’s Central Bank to provide 12 percent annual interest rate scheme for deposits of citizens over 60 years of age, who …

Sri Lanka economy will grow irrespective of prevailing political situation in the Island : Official

Dec 16, 2014 (LBO) – Sri Lanka’s economy will grow irrespective of political out come in the Island, an official said. Sri Lanka will held a …

Sri Lanka’s growth relies on tapping in to global markets, says Economist

Dec 12, 2014 (LBO) - Sri Lanka’s economic growth will be driven by tapping into global market through exporting high value manufacturing products, …

Sri Lanka policy rates unchanged: Inflation declines due to crude oil prices: Central Bank

Dec 12, 2014 (LBO) – Sri Lanka Central Bank says the current monetary policy stance is appropriate and accordingly decided to unchange the policy rate …

Belarus removes tax for Sri Lanka exporters

Dec 11, 2014 (LBO) – Sri Lanka has been removed from the list of off-shore countries from Belarus, benefiting Sri Lankan exporters a 15 percent tax …

Sri Lanka encourages people in North to invest in CSE to raise capital for businesses

Dec 10, 2014 (LBO) – Sri Lanka’s Securities and Exchange Commission’s chief said that, stock market is an alternative financial tool to raise …

Sri Lanka reduces fuel and gas prices

Dec 07, 2014 (LBO) – The Government of Sri Lanka reduced the prices of fuel and gas with effect from midnight Friday, a media report said. The price of a …

Sri Lanka’s economy is stable and moving towards reducing poverty: Governor

Dec 05, 2014 (LBO) – Sri Lanka’s economy is stable and moving towards reducing poverty in the Island, Central Bank Governor, Ajith Nivard Cabraal …

07 Sri Lanka banks and finance companies wrap up consolidation plans in November 2014: Central Bank

Dec 01, 2014 (LBO) – Sri Lanka's regulator driven consolidation is on track, completing 07 banks and finance and leasing companies’ (NBFIs) given …