Sri Lanka gross official reserves rebound to USD 7.1bn in July
Aug 07, 2020 (LBO) – Sri Lanka’s gross official reserves have improved to 7,102.0 million US dollars by the end of July from 6,693.2 million dollars in …
Markets
SEC introduces a Framework for Real Estate Investment Trusts (REITs)
In Sri Lanka, owing to spiraling property prices it is a challenge for average citizens to finance real estate investments. Therefore, a significant proportion …
Cloud computing for the future: current trends, what to expect and more.
The industry of software outsourcing in Sri Lanka has long since been garnering demand to deliver products and services that are uniquely focused towards …
Sri Lanka restricts outward remittances on capital transactions for six months
Jul 16, 2020 (LBO) – Sri Lanka's Minister of Finance with the recommendation of the Monetary Board and the approval of the Cabinet have issued an order …
Sri Lanka gross official reserves at USD 6.7Bn by end June
Jul 09, 2020 (LBO) – Sri Lanka's gross official reserves stood at US dollars 6.7 billion by the end of June 2020, sufficient to cover 4.2 months of imports, …
Central Bank cuts SDFR & SLFR by 100 bps to induce further reduction in lending rates
Jul 09, 2020 (LBO) – The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility …
H20 ONE Appoints Chaminda Lakmal as Chief Executive Officer
H20 ONE (Pvt) Ltd (H201) announced that they have appointed Chaminda Lakmal as Chief Executive Officer effective from 1st August 2020. Lakmal has over 12 years …
SEC approves new admission requirements to attract SMEs & Startups
Jul 01, 2020 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC SL) has approved the introduction of new rules and amendments to the existing …
Fallout from Pandemic prompts an unprecedented rate cut: FCR
Jun 30, 2020 (LBO) – First Capital Research (FCR) believes that there is a higher likelihood of 90% that CBSL may provide a rate cut to ensure the continued …
SEC continues engaging with capital market stakeholders
As part of its continuing efforts to reach out to market participants Viraj Dayaratne PC, Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) …
Trade deficit widens in April; import expenses on personal vehicles up, no tourism earnings
Jun 22, 2020 (LBO) – Sri Lanka's trade deficit widened in April 2020 to US dollars 840 million, from US dollars 797 million in April 2019, as the decline in …
100bps rate cut on the cards to push banks for lending: First Capital Research
Jun 19, 2020 (LBO) – First Capital Research allocates a policy rate cut expectation of 100bps bringing the SDFR and SLFR to 4.50% and 5.50%, respectively. …
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, …
SEC approves rules for digitalization of Colombo Stock Market
Jun 02, 2020 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Stockbroker Rules, Central Depository Systems …
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 …
Sri Lanka official reserves at USD 7.9Bn at end Feb 2020
May 18, 2020 (LBO) - Sri Lanka's gross official reserves stood at 7.9 billion dollars at end February 2020, equivalent to 4.buy effexor online buy effexor …
Joint committee of SEC & CSE appointed to broadbase capital market awareness
May 14, 2020 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) considers it important to identify measures that are required to broadbase the …