Sri Lankan bank lending rate cap may not support loan growth : Fitch
Oct 07, 2019 (LBO) - The lending rate cap recently imposed by the Central Bank of Sri Lanka (CBSL) on rupee-denominated loans extended by Sri Lankan banks may …
Economy
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Mangala calls Mahinda to a public debate on debt status
Oct 04, 2019 (LBO) - Sri Lanka's Finance Minister Mangala Samaraweera called on former President Mahinda Rajapaksa to enter into a public debate on the true …
First Capital anticipates Sri Lanka ASPI to reach 6,000 by Dec 2019 & 6,500 by Jun 2020
Oct 04, 2019 (LBO) – First Capital Research expects the equity market to adopt an upward trajectory over the next 12 months as they expect the ASPI to reach …
Developing human capital key for SL’s to become upper-middle-income economy
Sep 27, 2019 (LBO) - Sri Lanka needs to invest in people to unlock its productive potential, a senior official said. “People are the most valuable resource …
Fitch affirms Sri Lanka at ‘B’; outlook stable
Sep 27, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook. KEY RATING …
IMF says end-June fiscal target missed by a large margin; earlier targets no longer within reach
Sep 25, 2019 (LBO) – The International Monetary Fund (IMF) says that the protracted impact of the 2018 political crisis and the Easter attacks are …
IMF reaches staff level agreement on sixth review of Sri Lanka’s Extended Fund Facility
Sep 25, 2019 (LBO) – International Monetary Fund (IMF) says that the Sri Lankan authorities are taking steps to complete all the pending actions and …
Sri Lanka headline inflation increased in August; core inflation declined
Sep 24, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 3.4 percent in …
Global financial assets fall, SL economy slows: Report
Sep 20, 2019 (LBO) - Allianz’s Global Wealth Report, which puts the asset and debt situation of households in more than 50 countries/regions under the …
Resilient Sri Lanka reports positive GDP growth despite Easter Sunday terror attacks
September 19, 2019 (LBO) - Sri Lanka has reported GDP growth of 1.6% in the second quarter ended June 30, 2019. This positive growth has been reported despite …
Sri Lanka GDP growth 1.6-pct in Q2
Sep 19, 2019 (LBO) - Sri Lanka's Gross Domestic Product (GDP) growth rate for the second quarter of 2019 has been estimated as 1.6 percent, a new report said. …
PM’s says economy stabilizing: looking at leapfrog growth trajectory
Sep 18, 2019 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe says the government's plans to put the island on a leapfrog trajectory to growth so that …
Ceylon Chamber’s action plan targets USD134Bn economy in Sri Lanka by 2025
Sep 18, 2019 (LBO) – The Ceylon Chamber of Commerce on Tuesday launched the working draft of the 2020 - 25 Economic Acceleration Framework at the Sri Lanka …
Sri Lanka’s Economic Summit 2019 Opens Today
Sep 17, 2019 (LBO) - The Sri Lanka Economic Summit (SLES) 2019 themed on Re-calibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s …
Sri Lanka reduces fuel prices
Sep 11, 2019 (LBO) - Sri Lanka’s government has decided to reduce the petrol and diesel prices with effect from mid-night, yesterday the Finance Ministry …
Driving growth in uncertain times tops agenda at Oxford Business Group roundtable
Sep 10, 2019 (LBO) – The steps that Sri Lanka could take to harness digital innovations and mitigate the impact on its economy of domestic political …
Sri Lanka calls for proposals to appoint arrangers for JPY 60bn Samurai bond
Sep 09, 2019 (LBO) – Sri Lanka’s Central Bank on behalf of the government has invited proposals from banks and investment houses for consideration to be …
No collateral needed to obtain enterprise loans up to 1.5 mn from state banks: Mangala
Sep 08, 2019 (LBO) – Sri Lanka's Finance Minister Mangala Samaraweera who is in Jaffna held a series of meetings under the enterprise Sri Lanka Exhibition. …
Sri Lanka official reserves improve to USD 8.5 bn in August
Sep 06, 2019 (LBO) – Sri Lanka’s gross official reserves were 8,532.6 million US dollars by the end of August, up from 8,343.9 million US dollars in July, …
Sri Lanka tourist arrivals drop in Aug 2019: Europe picks up
Sep 05, 2019 (LBO) - The total number of international tourist arrivals to Sri Lanka during August 2019 was 143,587, a decline of 28.3 percent when compared …