Sri Lanka’s UPFA to support Maithri’s 100-day programme
Jan 11, 2014 (LBO) – Sri Lanka’s United People’s Freedom Alliance (UPFA), said that they will support the new executive President of the …
Economy & Markets
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Sri Lanka’s Central Bank Governor to resign
Jan 09, 2015 (LBO) – Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal has informed His Excellency the President that he wishes to resign from …
Sri Lanka expects US$100 Bn Market Capitalization by 2020: SEC Chief
Jan 08, 2014 (LBO) - Sri Lanka expects a US$ 100 billion market capitalization by 2020, the Chairman of Securities and Exchange Commission said yesterday. buy …
Sri Lanka SEC says State Owned Enterprises should be listed on CSE
Jan 07, 2014 (LBO) – Sri Lanka’s Securities and Exchange Commission says, not only the private sector but also State owned Enterprises (SOEs) should be …
Sri Lanka’s BOP recorded a surplus of US $ 1,400mn: Central Bank
Jan 05, 2014 (LBO) - Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP surplus of 1,400 million US dollars in 2014. Sri …
Sri Lanka’s Regional Development Bank to issue Rs.2.5 bn debenture issue
Jan 05, 2014 (LBO) – Sri Lanka’s Regional Development Bank or Pradeshiya Sanwardana Bank to issue debenture to raise 2.5 billion rupees which will …
Economic Imperatives post 8th January by Ceylon Chamber of Commerce
Since the end of the conflict in 2009, Sri Lanka has achieved economic growth above 7 percent on average and a relatively stable macro-economic position. …
Central Bank says Sri Lankan Rupee was relatively stable in 2014
Jan 05, 2014 (LBO) – Sri Lanka’s Rupee was relatively stable amidst the volatility in the international currency market, the Central Bank has said. …
Sri Lanka’s economy grew 7.8 pct in 2014 and targets 8 pct growth in 2015: Central Bank
Jan 03, 2014 (LBO) – Sri Lanka's economy grew about 7.8 percent in 2014, the Central Bank Governor Ajith Nivard Cabraal said. Exports grew 10 percent to …
Sri Lanka’s Samurdhi payments are mostly politically driven: Governor
Jan 03, 2014 (LBO) – Sri Lanka’s Governor Nivard Cabraal said that Island’s Samurdhi (prosperity) income re-distribution scheme is mostly …
Sri Lanka’s inflation is at 2.1-pct in December 2014: Central Bank
Jan 01, 2015 (LBO) –Sri Lanka inflation up to 2.1percent in December 2014 from to 1.5 percent in November 2014, the Central bank of Sri Lanka said in a …
Sri Lanka‘s Colombo Stock Exchange records 105.8 million foreign purchases in 2014
Jan 01, 2015 (LBO) – Sri Lanka’s Colombo stock exchange (CSE) has reported 105,812. 5 million rupees of foreign purchases as at 31st December 2014, …
Korea Exim bank to loan USD 79 mn for water supply projects in Sri Lanka
Dec 31, 2014 (LBO) - The Export-Import Bank of Korea signed a total 79 million dollars’ worth Economic Development and Cooperation Fund (EDCF) loan …
Sri Lanka Treasury bill yields flat
Dec 23, 2014 (LBO) –Sri Lanka's Central Bank re-issued of 12,000 million rupees maturing Treasury bills was oversubscribed with bids amounting to 36,335 …
Sri Lanka’s Central bank to provide 12 pct interest scheme for senior citizens
Dec 30, 2014 (LBO) – Sri Lanka’s Central Bank to provide 12 percent annual interest rate scheme for deposits of citizens over 60 years of age, who …
Sri Lanka SEC sets directive on IPO price
Dec 23, 2014 (LBO) – Sri Lanka Security Exchange Commission (SEC) issued a directive to be included in the Colombo Stock Exchange listing rules, which …
Sri Lanka economy will grow irrespective of prevailing political situation in the Island : Official
Dec 16, 2014 (LBO) – Sri Lanka’s economy will grow irrespective of political out come in the Island, an official said. Sri Lanka will held a …
Sri Lanka’s growth relies on tapping in to global markets, says Economist
Dec 12, 2014 (LBO) - Sri Lanka’s economic growth will be driven by tapping into global market through exporting high value manufacturing products, …
Sri Lanka policy rates unchanged: Inflation declines due to crude oil prices: Central Bank
Dec 12, 2014 (LBO) – Sri Lanka Central Bank says the current monetary policy stance is appropriate and accordingly decided to unchange the policy rate …
Belarus removes tax for Sri Lanka exporters
Dec 11, 2014 (LBO) – Sri Lanka has been removed from the list of off-shore countries from Belarus, benefiting Sri Lankan exporters a 15 percent tax …