We are in global recession territory: Fitch Ratings
Mar 21, 2020 (LBO) – The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly "Global Economic Outlook". "The …
Markets
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CSE trading closed as both indices drop over 5-pct
Mar 20, 2020 (LBO) - Trading at the Colombo stock exchange closed at midday as the S&P SL20 index of more liquid stocks fell 11.90 percent or 262.42 points …
Central Bank introduces urgent measures to ease pressure on exchange rate
Mar 19, 2020 (LBO) – Sri Lanka's Central Bank has introduced several measures to ease the pressure on the exchange rate and prevent financial market panic …
China grants USD500mn concessionary loan to Sri Lanka
Mar 19, 2020 (LBO) – China Development Bank and Sri Lanka’s Ministry of Finance has signed a 500 million US dollar loan agreement amidst the COVID–19 …
CBSL requests financial institutions to refrain from engaging in speculative activity
Mar 17, 2020 (LBO) – Sri Lanka's Central Bank requests financial institutions to refrain from engaging in speculative activity which could lead to panic in …
Sri Lanka Central Bank eases monetary policy further to support economic activity
Mar 16, 2020 (LBO) – The Monetary Board of Sri Lanka's Central Bank at an urgent meeting held today has decided to reduce the Standing Deposit Facility Rate …
CSE trading halted temporarily as S & P drops below 5-pct
Mar 12, 2020 (LBO) - Trading at Sri Lanka’s Colombo Stock Exchange (CSE) has been halted temporarily for 30 minutes following the S and P index dropping …
SEC to take measures to support stock market
Mar 12, 2020 (LBO) - The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Thursday to assess …
CSE recovers ASPI and S&P making gains during trading
Mar 12, 2020 (LBO) - The Colombo bourse recovered some of its losses after Wednesdays panic selling which led to the indices falling to an 8 year low, a market …
Sri Lanka stocks close down
Mar 11, 2020 (LBO) - Following global markets, the Colombo Bourse took an expected beating Tuesday with both indices tumbling heavily during the initial ten …
CSE trading halted temporarily: Trading to re-commence by 10.12 am
Mar 10, 2020 (LBO) - Trading at Sri Lanka's Colombo Stock Exchange (CSE) has been halted temporarily following the S and P index dropping below 5 percent, …
COVID-19 Outbreak to have significant economic impact on developing Asia: ADB
Mar 10, 2020 (LBO) - The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, …
COVID-19 outbreak likely to affect Sri Lanka’s economic performance : Central Bank
Mar 05, 2020 (LBO) - The exact impact on the Sri Lankan Economy would depend on the extent of the global spread of the COVID-19 outbreak, its persistence and …
Policy interest rates of Central Bank of Sri Lanka to remain unchanged
Mar 05, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit …
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) - Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the …
Central Bank to introduce cost-reflective benchmark interest rate instead of SLIBOR
Feb 24, 2020 (LBO) – The Monetary Board of Sri Lanka's Central Bank has decided to discontinue the compilation of SLIBOR with effect from 01 July 2020. The …
FCR upgrades ASPI target for December to 7,500 amidst added boost to economy
Feb 19, 2020 (LBO) – With the recovery in economic activity and company earnings, First Capital Research (FCR) expects an upward trend in the capital market …
SEC commences series of meetings with capital market stakeholders
Feb 19, 2020 (LBO) – Securities and Exchange Commission of Sri Lanka has commenced a series of meetings with capital market stakeholders to discuss issues in …
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share …
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The …