Sri Lanka’s possible fiscal slippage, main argument for not relaxing policy: CBSL Chief
July 12, 2019 (LBO) – Sri Lanka’s possible fiscal slippage is the main argument against relaxing monetary policy, the Central Bank Governor Indrajit …
Economy
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Sri Lanka reserves improve to USD 8.9bn by end June; YTD rupee appreciation 4.1-pct
July 11, 2019 (LBO) – Sri Lanka's gross official reserves have reached 8.9 billion US dollars by end June 2019, following the receipt of 2 billion US dollars …
Sri Lanka Central Bank maintains policy interest rates at current levels
July 11, 2019 (LBO) – Monetary Board of Sri Lanka’s Central Bank at its monetary policy meeting has decided to maintain policy interest rates at their …
Millennium Challenge Corp. committed to advancing Sri Lanka compact: New CEO
July 08, 2019 (LBO) – New CEO of the Millennium Challenge Corporation, Sean Cairncross says that they are committed to advancing the proposed 480 million …
Monetary Policy to be maintained allowing impact of previous rate cut to materialize: FCR
July 08, 2019 (LBO) – Sri Lanka’s Monetary Board would continue the policy rates with no change, considering the fact that it is too early to assess the …
Sri Lanka launches USD2.2Bn LRT project to modernise city dwelling and transportation
Jul 04, 2019 (LBO) - The government launched the Malabe and Colombo Fort Light Rail Transit (LRT) project with the aim of modernising the city's transpotation …
World Bank classifies Sri Lanka as upper-middle income country under new revision
Jul 02, 2019 (LBO) – Sri Lanka has moved up to the upper-middle income category from lower-middle income category under the World Bank’s new country …
SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019
Jul 02, 2019 (LBO) - State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report said. The …
Sri Lanka public servant pay hike effective from today
Jul 01, 2019 (LBO) - The salary increment and other allowances for public servants proposed by Finance Minister Mangala Samaraweera in his budget 2019 is …
Accountants can assist in implementing effective tax system: Inland Revenue COMNR GEN
Jun 27, 2019 (LBO) – The new Commissioner General of Inland Revenue, Nadun Guruge recently highlighted the important role Chartered Accountants can play in …
Sri Lanka successfully launches USD bond with over 3 times oversubscription
Jun 25, 2019 (LBO) – Sri Lanka returned to the US dollar bond markets, successfully pricing a new issuance of 500 million dollars 5-year and 1.5 billion …
Sri Lanka launches its National Card Scheme
Jun 24, 2019 (LBO) – The Central Bank of Sri Lanka together with LankaClear (LCPL) achieved a significant milestone in the country’s payment landscape by …
Moody’s assigns B2 rating to Sri Lanka’s proposed senior unsecured USD bonds
Jun 24, 2019 (LBO) – Moody's Investors Service has today assigned a B2 rating to Sri Lanka's proposed senior unsecured US dollar-denominated bonds. The …
Fitch assigns Sri Lanka’s USD bonds expected rating of ‘B(EXP)’
Jun 24, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka's forthcoming US dollar bonds an expected rating of 'B(EXP)'. The rating agency said the expected …
Moody’s cuts SL GDP forecast to 2.6-pct amid challenges of tourism, debt refinancing
Jun 20, 2019 (LBO) – Moody’s Investors Service have revised down their 2019 real GDP forecast to 2.6 percent from the previous estimate of 3.4 percent …
Sri Lanka GDP accelarates to 3.7-pct in Q1 2019
June 20, 2019 (LBO) - Sri Lanka's economic growth rate is estimated as 3.7 percent for the first quarter of 2019, data from the state statistics office show. …
Sri Lanka CB launch roadmap for sustainable finance
Jun 20, 2019 (LBO) - The Central Bank launched the roadmap for sustainable finance in Sri Lanka and hosted a high-level seminar for senior officers of …
Sri Lanka to raise up to Rs 480bn debt under Active Liability Management Act
Jun 19, 2019 (LBO) – Cabinet nod has been received to move a resolution in Parliament to raise up to 480 billion rupees under the provisions of the Active …
Sri Lanka’s real estate and construction industries continue stoically, post Easter Attack
(PRESS RELEASE) - Sri Lanka’s construction sector which ranks as the 5th highest in the nations GDP earnings, after Services, Manufacturing, Agriculture and …
Advocata commends Government’s decision to shut down SaluSala
Jun 19, 2019 (LBO) - Advocata Institute commends President Maithripala Sirisena’s directive to shut down the loss-making, state-owned handloom enterprise …