Export proceeds repatriation & conversion not uncommon in other regional economies: CBSL
Sri Lanka's Central Bank says that the repatriation and conversion requirements related to export proceeds are not uncommon in other regional economies, which …
Economy
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Sri Lanka January inflation at 3.7-pct
The overall rate of inflation as measured by NCPI on Year-on-Year basis is 3.7 percent in January 2021 and inflation calculated for December 2020 was 4.6 …
Economy at a glance for 2020:Double whammy blow
Highlights ICRA Lanka estimates Sri Lanka’s GDP growth rate in 2020 to be -4%. In addition, our estimates indicate industry, services, and agricultural …
Veemansa policy development & advocacy group to discuss debt sustainability of Sri Lanka
Veemansa Initiative a newly launched, Sri Lanka based, policy development and advocacy group promoting dialogue on sustainable and inclusive development will …
I ask you to be confident; ongoing negotiations will produce results soon: CBSL Governor
Governor of Sri Lanka’s Central Bank, Professor W D Lakshman requests people to be confident as ongoing negotiations with overseas agencies will produce …
Sri Lanka on positive and steady path for economic recovery, says Cabraal
Feb 08, 2021 (LBO) - State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says Sri Lanka is on …
Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) - The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the …
Sri Lanka’s foreign currency reserves fall below foreign debt obligations
Sri Lanka's foreign currency reserves which were at USD 5.7Bn as of December 2020, have now marginally fallen below the foreign debt obligations for the first …
Ceylon Chamber to host Outlook 2021 forum next week
The Ceylon Chamber’s annual discourse on the year’s Outlook will be held virtually on 3rd February 2021, organised by the Chamber Academy. The Outlook …
Global equity interest in emerging markets expected to trickle down to CSE: Ceylon Asset Management
Jan 26, 2021 (LBO) - Local investors should exploit attractive valuations of the CSE before a Sri Lanka country rating revision and foreign investor confidence …
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 …
Sri Lanka’s export earnings amounted to USD 932Mn in December
The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local …
Gross official reserves estimated at USD 5.7bn at end 2020
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 …
SEC welcomes market performance; low bank interest rates attract local investors to CSE
The Securities and Exchange Commission of Sri Lanka (SEC) welcomes the record-breaking performance of the Colombo Stock Exchange (CSE). Bloomberg has …
European Union provides LKR 8.26 billion in grants to Sri Lanka
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 …
Asia Securities forecasts strong growth trajectory for equities in 2021
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, …
Sri Lanka’s Human Development Index ranked 72 out of 189 countries; highest in South Asia
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, …
Restrictions on outward remittances on capital transactions extended by 6 months
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 …
Sri Lanka to review performance of open economy policies introduced from 1977
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 …
Central Bank to revise investment guidelines in line with latest market developments
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 …