“Exporters optimistic about new market opportunities” new USAID survey
Jun 19, 2020 (LBO) - “Sri Lankan exporters are cautiously optimistic about business continuity amidst a global pandemic,” reveals the findings of a new …
Economy
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Developing Asia to grow just 0.1-pct in 2020:ADB
Jun 19, 2020 (LBO) - Developing Asia will barely grow in 2020 as containment measures to address the coronavirus disease (COVID-19) pandemic hamper economic …
Central Bank increases funding for businesses affected by COVID-19
Jun 16, 2020 (LBO) – Central Bank has decided to provide funding to Licensed Commercial Banks (LCBs) at the concessionary rate of 1.00 percent against the …
Sri Lanka’s Central Bank further reduces Statutory Reserve Ratio
Jun 16, 2020 (LBO) – The Monetary Board of the Central Bank has decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit …
Coronavirus compounds Sri Lankan Banks’ stresses: Fitch Ratings
Jun 16, 2020 (LBO) – Sri Lankan banks' operating environment and financial profiles ace escalating risks from the economic fallout of the coronavirus. Fitch …
SEC Chairman calls on Central Bank Governor
Jun 14, 2020 (LBO) – The Chairman of the Securities and Exchange Commission (SEC) Viraj Dayaratne PC, paid a courtesy call on Professor W.D. Lakshman, …
Housing for middle and low income families a priority: President
Jun 12, 2020 (LBO) - President Gotabaya Rajapaksa instructed the officials of the State Development and Construction Corporation to pay attention to the …
Foreign Ministry helps local exporters overcome adverse impact of COVID 19
Jun 12, 2020 (LBO) - Comprehensive measures taken by the Ministry of Foreign Relations, in close coordination with the key Government Economic Agencies and the …
Technical assistance grant of Euro 11 mn from Germany
Jun 10, 2020 (LBO) – An agreement was signed by the Government of Sri Lanka with the Government of Germany today to obtain a technical assistance grant of …
President wants quick solutions to fertilizer related issues
Jun 10, 2020 (LBO) - President Gotabaya Rajapaksa instructed officials to find immediate solutions to issues faced by farmers relating to the supply, …
Verite Research launches the first phase of a new public finance platform
Jun 09, 2020 (LBO) – Verité Research launched the first phase of publicfinance.lk, an online platform that will eventually be a one-stop-shop for all public …
All possible measures are taken to ensure safety of deposits: CB Governor
Jun 07, 2020 (LBO) – Sri Lanka's Central Bank assures the general public that it will continue to take all possible measures to ensure the safety of public …
Economic Zone:A catalyst for modern services in Sri Lanka
Jun 03, 2020 (LBO) - The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), is set to discuss the topic of “Port …
Sri Lanka’s construction projects expected to pickup and stick to timelines:ICRA
Jun 3, 2020 (LBO) - Sri Lanka's construction sector is expected to demonstrate resilience compared to other economic sectors, a new report said. The …
Sri Lanka export earning drop 42.3-pct in Mar 2020
Jun 02, 2020 (LBO) - The deficit in the trade account narrowed in March 2020 to US dollars 549 million, from US dollars 592 million in March 2019, as the …
Fitch recalibrates Sri Lanka National Rating Scale
May 28, 2020 (LBO) – Fitch Ratings says that it has recalibrated its Sri Lanka National Rating scale to reflect changes in the relative creditworthiness …
Sri Lanka seeks USD1.1bn special SWAP facility from India
May 24, 2020 (LBO) – President Gotabaya Rajapaksa yesterday asked Indian Prime Minister Narendra Modi to help Sri Lanka by providing a special SWAP facility …
S&P lowers Sri Lanka’s credit rating to ‘B-’
May 21, 2020 (LBO) - Rating agency S&P has lowered Sri Lanka’s long-term sovereign credit rating to B- from B, with a stable outlook, citing the …
Ceylon Chamber proposes multi-sectoral approach for economic revival
May 20, 2020 (LBO) – The Ceylon Chamber of Commerce has submitted its multi-sectoral proposals to the Task Force for Economic Revival and Poverty …
Sri Lanka explores SWAP facilities with regional Central Banks
May 19, 2020 (LBO) – Sri Lanka is in the process of exploring SWAP facilities with regional central banks, while arrangements are also being made for …