Finance Ministry justifies divestiture of Hyatt and Hilton Hotels
Oct 22, 2018 (LBO) – Sri Lanka’s Finance Ministry on Monday justifying the divestiture of Hyatt and Hilton Hotels said the decision was taken by the …
Markets
Foreign outflows from stocks/bonds Rs7.6bn/week, $ 1bn loan from China to prop reserves
October 20, 2018 (LBO) - Net foreign outflows from Sri Lanka's stock/bond markets continued at a brisk pace this past week. online pharmacy buy oseltamivir …
Sri Lanka secures USD1Bn Foreign Currency Term Financing Facility
Oct 17, 2018 (LBO) – Sri Lanka has secured 1,000 million US dollars from the China Development Bank (CDB) under the Foreign Currency Term Financing Facility …
Sri Lanka plans new import controls for non essential goods
Oct 17, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena has instructed the Finance Ministry to study the current imports and submit a report on …
Controversial investor Nimal Perera discloses stock market positions in DailyFT report
October 16, 2018 (LBO) - In a high profile report in the DailyFT, controversial Colombo Stock Exchange (CSE) investor Nimal Perera disclosed his stock …
JKH shares trade Rs1.3bn for the day, most transactions at 126-127/share
October 16, 2018 (LBO) - Shares of recently sinking market bellwether John Keells Holdings (JKH) have transacted close to Rs1.buy flagyl online buy flagyl …
Foreign outflow from the CSE $ 10mn on the day, $ 50mn for 2018
October 15, 2018 (LBO) - Foreign outflow out of the Sri Lankan stock market topped Rs1.7bn (US$10mn) on the day as the former owner of Singer Sri Lanka (SINS) …
Net foreign outflows from Sri Lanka’s stock/bond markets cross $ 500mn YTD
October 12, 2018 (LBO) – Net foreign selling of Sri Lanka’s stocks and bonds has crossed US$500 million dollars for 2018. The outflows, which have been a …
Central Bank says Cabraal’s comments on rupee depreciation misleading
Oct 12, 2018 (LBO) – Central Bank says the allegations made by former Governor Nivard Cabraal in a recent newspaper article that the Central Bank has …
Global stock markets plunging, Sri Lanka’s CSE takes no notice
October 11, 2018 (LBO) - Global markets are plunging with many indices around the world falling sharply. The carnage was triggered by a spike in U.S. 10 year …
CSE-SEC holds Invest Sri Lanka Forum in Edinburgh and London
Oct 11, 2018 (LBO) - A large gathering of Institutional Investors based in London showed a keen interest in investing in Sri Lankan equities while attending …
Sri Lanka FM interview ahead of IMF and WB annual meet on global trade, economy
Oct 10, 2018 (LBO) - Global finance and reserve bank chiefs will gather this week in Bali, Indonesia for the annual gathering of the International Monetary …
President, NEC hold discussions on devaluation of rupee and economy
Oct 05, 2018 (LBO) - Special attention was drawn at a discussion regarding the promotion of Sri Lanka’s export sector and managing the devaluation of the …
Sri Lanka reserves at USD7.3bn; used only USD184mn YTD to defend rupee
Oct 02, 2018 (LBO) – Sri Lanka’s Central Bank says the country currently has 7.3 billion US dollars worth foreign reserves and expects to close this year …
Sri Lankan rupee depreciates 9.7-pct YTD; CB says observed stabilizing exchange rate
Oct 02, 2018 (LBO) – Recent measures are expected to ease the excessive demand for foreign currency and therefore the pressure in the domestic foreign …
Central Bank of Sri Lanka maintains policy interest rates at current levels
Oct 02, 2018 (LBO) – Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 01 October 2018, has decided to maintain policy interest rates …
Sri Lanka restricts vehicle imports for MPs, Ministries, state sector employees & others
Sept 29, 2018 (LBO) – Sri Lanka’s government in order to ease the pressure on the Sri Lankan rupee has decided to take the following measures temporarily …
Current policy stance desired, less probability for a rate hike: First Capital Research
Sept 29, 2018 (LBO) – First Capital Research believes that a policy rate change is not required at this moment considering the prevailing economic conditions …
Opinion: Central Bank intervention likely to exacerbate foreign selling of Sri Lanka bonds
September 29, 2018 (LBO) - The main subject of discussion on the Colombo cocktail circuit has been the Sri Lanka Rupee (LKR) and its significant recent …
IMF staff mission concludes visit to Sri Lanka; stresses on reforms
Sept 28, 2018 (LBO) – Authorities should accelerate reforms to strengthen the Sri Lankan economy’s resilience to domestic and external shocks, given still …