Fitch expects Sri Lanka’s FX reserves to decline to around USD4.2 bn in 2021 & USD3.4 bn in 2022
Fitch downgraded Sri Lanka’s rating to ‘CCC’ from ‘B-’ in November 2020, reflecting the sovereign’s increasingly challenging public and external …
Fitch downgraded Sri Lanka’s rating to ‘CCC’ from ‘B-’ in November 2020, reflecting the sovereign’s increasingly challenging public and external …
The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local …
Sri Lanka's gross official reserves were estimated at US dollars 5.7 billion at the end of 2020, with an import cover of 4.3 months, the Central Bank said …
The Securities and Exchange Commission of Sri Lanka (SEC) welcomes the record-breaking performance of the Colombo Stock Exchange (CSE). Bloomberg has …
The European Union (EU) announced the signing of three grants worth EUR 35.75 million (LKR 8.26 billion) which will support Sri Lanka’s justice sector, help …
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, …
Jan 05, 2021 (LBO) – Sri Lanka is in the high human development category, positioned 72 out of 189 countries, and is the highest in the South Asian region, …
Jan 05, 2021 (LBO) – The Central Bank says that the restrictions imposed on outward remittances on capital transactions have been extended by a further six …
Jan 04, 2021 (LBO) – Sri Lanka will review the performance of the open economy policies introduced from 1977 allowing the country to follow a focused …
Jan 04, 2021 (LBO) – The Central Bank who manages the Employees’ Provident Fund (EPF), expects to revise its Investment Guidelines to be in line with the …
Jan 04, 2021 (LBO) – Capitalising on the achievement of 12-years of single-digit inflation, the Central Bank intends to establish a permanent single digit …
Dec 28, 2020 (LBO) – The Road Map: Monetary and Financial Sector Policies for 2021 and Beyond will be announced by the Governor of the Central Bank on …
Dec 24, 2020 (LBO) – Export earnings in November 2020 amounted to US$ 748.58 Mn, which was 20.97% lower than November 2019 and 11.84% lower than October …
Dec 21, 2020 (LBO) – The Government in recognition of the role of Sri Lankan’s employed overseas and their contribution to the economy amidst, the …
Ambassador of Indonesia in Colombo I. Gusti Ngurah Ardiyasa paid a courtesy call on Foreign Minister Dinesh Gunawardena at the Foreign Ministry recently. …
President has directed to provide a Supplementary Festival Credit facility to all interested employees in the public and private sector as well as Samurdhi …
Dec 16, 2020 (LBO) – Sri Lanka has recorded a 1.5 percent of economic growth rate for the third quarter of 2020 and a negative 16.3 percent of economic …
Dec 14, 2020 (LBO) – Suresh de Mel, a well-known entrepreneur, assumed duties as the new Chairman of the Sri Lanka Export Development Board (EDB). He …
Dec 11, 2020 (LBO) – Sri Lanka's Finance Ministry says that it is premature for S&P to announce a rating downgrade when the well-articulated policy …
Dec 11, 2020 (LBO) – President Gotabaya Rajapaksa says that his objective is to bring about a balanced growth in all sectors of the economy and suggested to …