Economy

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AG’s report to Speaker, COPE summons Central Bank officials on July 7

June 29, 2016 (LBO) – The Committee on Public Enterprises (COPE) has summoned Central Bank Governor, officials of the Monetary Board and Finance Ministry on …

Central Bank Union calls for immediate action

Jun 29, 2016 (LBO) – Sri Lanka’s Central Bank Executive Officers Union says that immediate legitimate action needs to be taken to prevent probable anarchic …

Sri Lanka President to appoint new Governor

June 29, 2016 (LBO) - Sri Lanka's President Maithripala Sirisena will appoint a new governor to the Central Bank soon, he said on Wednesday. buy vibramycin …

COPE to consider Auditor General’s report on bond issue Wednesday

June 28, 2016 (LBO) – Sri Lanka’s Parliament appointed Committee on Public Enterprises (COPE) will meet Wednesday to consider the Auditor General’s …

PTL Watch: Mid-tenor yields ease, some foreign buying

Sri Lanka to impose capital gains tax on stocks, Minister says

June 28 (Reuters) - Sri Lanka intends to impose a capital gains tax on profits from equities, a senior government minister said late on Monday, as the …

Brexit vote, UK political confusion keep world and asian markets on edge

June 28 (Reuters) - Britain's vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest …

Sri Lanka Parliament passes Right to Information Bill

June 25, 2016 (LBO) - Sri Lanka's Parliament has passed the Right to Information (RTI) bill with amendments on Friday. The main purpose of the Bill is to …

Brexit could impact Sri Lanka borrowings, trade, says CCC

June 24, 2016 (LBO) - Sri Lanka could feel the impact of Brexit in its commercial borrowings, as the external environment becomes more volatile, while …

Sri Lanka’s benefits from IMF depend on reform effectiveness: Moody’s

June 23, 2016 (LBO) – Moody's Investors Service says that whether or not Sri Lanka's (B1 negative) credit profile demonstrates a temporary or more enduring …

Fitch Downgrades NDB; Affirms 8 Sri Lanka Banks, Negative Outlook on DFCC, Sampath

Jun 23, 2016 (LBO) - Sri Lanka's National Development Bank PLC's (NDB) national long term rating has been downgraded to 'A+(lka)' from 'AA(lka)', Fitch …

POLL-Sri Lanka Central bank expected to keep policy rates steady

June 22 (Reuters) - Sri Lanka's central bank is expected to keep its key interest rates steady for a fourth straight month on Friday, a Reuters poll showed, …

Sri Lanka recall mid income housing projects in Kandy, Galle, and Homagama

Jun 22, 2016 (LBO) – Sri Lanka’s cabinet has decided to recall proposals for housing projects in Kundasale, Homagama, Galle, and Nittambuwa and grant fresh …

Sri Lanka to obtain IDA loan for reforms, competitiveness

June 22, 2016 (LBO) – Sri Lanka's cabinet has approved obtaining a 100 million US dollar loan from the International Development Agency to develop the Sri …

Sri Lanka consumer prices soar 5.3-pct in May

Jun 22, 2016 (LBO) – Sri Lanka’s inflation climbed for the fourth straight month in May after recording a fall of 0. online pharmacy buy abilify with best …

Sri Lanka’s debt higher than B, BB rated countries, Fitch data shows

June 21, 2016 (LBO) - Sri Lanka’s current debt levels are higher than its ‘B’ median peers or the previously rated ‘BB’ median, data from the ratings …

Moody’s changes outlook on Sri Lanka’s rating to negative from stable

June 20, 2016 (LBO) – Moody's Investors Service has today affirmed the government of Sri Lanka's foreign currency issuer and senior unsecured sovereign …

Meeting IMF criteria key to improve ratings: Fitch Ratings

June 17, 2016 (LBO) – Sri Lanka still needs to refinance close to 3 billion US dollars for the rest of 2016 and remains vulnerable to shifts in investor …

Türk Exim Bank to allocate USD350mn credit line to Sri Lanka

June 16, 2016 (LBO) – Türk Exim Bank is to allocate a credit line of 350 million US dollars to the Sri Lankan government with a view to further enhancing …