Rupee dips further; domestic players dominate equity market
Forex Market The USD/LKR TT buying and selling exchange rates on 8th April 2021 were marked at LKR.199.21 and LKR.203.5 respectively. The indicative USD spot …
Economy & Markets
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Advocata Institute launches tool to track everyday food price changes
Advocata’s latest policy product tracks the average retail prices of a basket of goods and provides an indication of how much prices have changed over …
Optimism among Swedish companies doing business with Sri Lanka
Growth over the past five years, negative development in 2020 and optimism for 2021. These are some of the key takeaways from the Sweden-Sri Lanka Business …
Sri Lanka’s gross official reserves estimated at USD 4.1bn at end March 2021
Sri Lanka's gross official reserves were estimated at US dollars 4.1 billion (excluding the swap facility with the PBOC), with an import cover of 3 months, at …
Central Bank continues its accommodative monetary policy stance
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their …
‘Bath Curry Indicator’ by Advocata Institute will be launched tomorrow
Food inflation has risen over the last year, although the overall inflation is low. According to the National Consumer Price Index, overall prices rose by 3.7% …
Validity period to open Special Deposit Accounts extended; USD 360mn deposited so far
The Cabinet has approved a proposal tabled by the Prime Minister as the Minister of Finance to extend the validity period and to issue orders in accordance …
Material Sector – The Scavengers of Recovery
Softlogic Research, in its most recent publication, took a very strong stance on the Material sector, predicting a strong growth backed by economic recovery …
CSE approves the first Empower Board listing
The Colombo Stock Exchange (CSE) has approved, an application submitted by Chrissworld Limited, for the listing of its Ordinary Voting Shares by way of an …
Govt has no intention to tarnish its unblemished debt service record, CBSL clarifies reports
The Government has no intention to tarnish its unblemished debt service record by delaying the settlement of maturing debt obligations, the Central Bank …
Ceylon Electricity Board to raise up to Rs. 20Bn in capital through stock market
The Colombo Stock Exchange (CSE) has approved an application by the Ceylon Electricity Board (CEB) to issue Senior Unsecured Listed Redeemable Rated Debentures …
Colombo Consumer Price inflation increased to 4.1-pct in March with low base effect
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index increased to 4.1 percent in March 2021 from 3. online …
WindForce Ltd’s IPO draws Rs 25.7Bn worth applications
The WindForce Limited Initial Public Offering (IPO) of Rs.3.2 Bn, the largest IPO announced at the Colombo Stock Exchange (CSE) since 2011, has attracted …
South Asian economies bounce back but face fragile recovery: World Bank
Prospects of an economic rebound in South Asia are firming up as growth is set to increase by 7.2 percent in 2021 and 4.4 percent in 2022, climbing from …
Vietnam to support investment and trade promotion in Sri Lanka
The newly appointed Ambassador of the Socialist Republic of Vietnam Ho Thi Thanh Truc to Sri Lanka presented her credentials to President Gotabaya Rajapaksa at …
CBL Investments Limited wins ‘Best Corporate Citizen Sustainability Award 2020’
CBL Investments Limited (CBL Group) won the coveted ‘Best Corporate Citizen Sustainability Awards 2020 (BCCS Awards)' at an annual event organized by the …
Governors and District Sec are responsible for regional development process: President
President Gotabaya Rajapaksa emphasizes that the Governors and District Secretaries should take the lead in the regional development process. It is the …
Sri Lankan economy is steadily progressing as displayed in latest economic indicators: CBSL
Sri Lanka's Central Bank says that the economy is steadily progressing as displayed in the latest economic indicators even though the second wave of COVID 19 …
Sri Lanka’s export earnings grew by 2.5-pct in February
Sri Lanka’s export earnings registered a growth of 2.52% with US$ 993.73 Mn in February, compared to the previous year, maintaining the growth momentum …
Central Bank increases maximum compensation under deposit insurance scheme by Rs.500,000
The Monetary Board of the Central Bank has decided to increase the maximum compensation payment under the Sri Lanka Deposit Insurance and Liquidity Support …