People’s Bank privatization rumour is baseless & politically motivated: Finance Ministry
Sep 03, 2019 (LBO) – Sri Lanka's Government emphasizes that the proposed amendments to the People's Bank Act never aims to privatize People's Bank. According …
Economy
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Third exhibition of Enterprise Sri Lanka in Jaffna
Sep 02, 2019 (LBO) – The third of a series of Enterprise Sri Lanka exhibitions which aims to promote enterprise culture within the island and taking the …
Sri Lanka’s credit profile reflects ongoing liquidity & external vulnerability risks: Moody’s
Aug 30, 2019 (LBO) – Moody's Investors Service says in a new report that the credit profile of Sri Lanka (B2 stable) reflects ongoing government liquidity …
Sri Lanka eco summit to discuss SOE reform implementation weaknesses
Aug 26, 2019 (LBO) - Sri Lanka’s State-Owned Enterprises (SOEs) has been the topic of debate for many years now. online pharmacy buy diflucan with best …
Sri Lanka vehicle registrations rebound in July 2019
Aug 26, 2019 (LBO) - Sri Lanka's vehicle registrations saw a rebound across the board in July from the lows of June since, limping back to normalcy post Easter …
Sri Lanka headline inflation marginally increased in July
Aug 22, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI) increased marginally …
Samurai Bond to support reserves to maintain around USD8Bn throughout 2019: FC
Aug 20, 2019 (LBO) – Sri Lanka’s First Capital Research believes that the raising of 500 million dollars via Samurai Bonds is likely to support to maintain …
First Capital assigns higher probability for neutral monetary policy stance
Aug 20, 2019 (LBO) – Sri Lanka's First Capital Research believes that the Central Bank may delay the monetary easing while allowing the impact of the …
Sri Lanka to present Vote on Account for 1Q 2020 instead of fully-fledged budget
Aug 14, 2019 (LBO) – Sri Lanka's cabinet yesterday approved a proposal to present a Vote on Account (VoA) to allocate state expenditure for the first quarter …
Sri Lanka official reserves at USD 8.3bn by end July; YTD rupee appreciation 3.1-pct
Aug 09, 2019 (LBO) – Sri Lanka’s gross official reserves were 8,343.9 million US dollars by the end of July, down from 8,864.98 million US dollars in June, …
Cabinet approves amendments to Nation Building Tax & Value Added Tax
Aug 06, 2019 (LBO) – Sri Lanka's Cabinet of Ministers has approved the tax amendments proposed by the Finance Minister Mangala Samaraweera in his Budget …
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of …
No change in 15-pct interest to Senior Citizens’ Savings Accounts: Finance Ministry
Aug 05, 2019 (LBO) – Although the Central Bank has reduced the rates for deposits maintained in commercial banks, the special interest rate of 15 percent …
Market Research Society of Sri Lanka to introduce new socio-economic measure
Aug 05, 2019 (LBO) - The Market Research Society of Sri Lanka will be introducing its new SEC (socio-economic) measure, which takes into account a 3rd …
Sri Lanka’s 1st dollar sovereign bond fund poised for global investors
Jul 26, 2019 (LBO) - Strong demand on the recent issuance of Sri Lankan International Sovereign Bonds (ISB) signals potential for a strong economic recovery …
IMF downgrades global growth to 3.2-pct in 2019
Jul 25, 2019 (LBO) - The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next, a statement said. It …
Sri Lanka inflation decreased in June
July 23, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has been decreased to 2.1 …
Sri Lanka vehicle registrations down in June 2019
Jul 22, 2019 (LBO) - Sri Lanka's vehicle registrations across most categories have declined in June relative to May, a new report shows. Data compiled by JB …
Sri Lanka Central Bank expects lending rates to reduce further in immediate future
July 19, 2019 (LBO) – Sri Lanka’s Central Bank expects lending rates of banks and NBFIs to reduce further in the immediate future, and borrowers, …
Federal Reserve will only cut rates once in 2019: Fitch Ratings
July 18, 2019 (LBO) – The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust jobs …