ASPI crosses 8000 points mark; Hayleys announces subdivision of shares
The All Share Price Index (ASPI) of the Colombo Stock Exchange crossed the key psychological mark of 8,000 today gaining 246.80 points to end the day on …
Economy & Markets
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Fitch expects Sri Lanka’s FX reserves to decline to around USD4.2 bn in 2021 & USD3.4 bn in 2022
Fitch downgraded Sri Lanka’s rating to ‘CCC’ from ‘B-’ in November 2020, reflecting the sovereign’s increasingly challenging public and external …
Sri Lanka’s export earnings amounted to USD 932Mn in December
The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local …
Gross official reserves estimated at USD 5.7bn at end 2020
Sri Lanka's gross official reserves were estimated at US dollars 5.7 billion at the end of 2020, with an import cover of 4.3 months, the Central Bank said …
The differences between big data, data science and data analytics – and why it matters to your business.
As today’s software development practices form their foundations on the cloud through cloud support services, digital applications are more interconnected …
Eran warns “Be careful of pump and dump in stock market”
Jan 18, 2021 (LBO) - Former State Minister of Finance Eran Wickramaratna said that when we hear the message of share market it was not only the message but we …
SEC welcomes market performance; low bank interest rates attract local investors to CSE
The Securities and Exchange Commission of Sri Lanka (SEC) welcomes the record-breaking performance of the Colombo Stock Exchange (CSE). Bloomberg has …
European Union provides LKR 8.26 billion in grants to Sri Lanka
The European Union (EU) announced the signing of three grants worth EUR 35.75 million (LKR 8.26 billion) which will support Sri Lanka’s justice sector, help …
Policy rates to hold steady, amidst sweeping measures to insulate economy: FCR
Jan 12, 2021 (LBO) – First Capital Research believes that there is a 60% probability to hold rates due to the considerable improvement in high-frequency …
Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, …
Sri Lanka’s Human Development Index ranked 72 out of 189 countries; highest in South Asia
Jan 05, 2021 (LBO) – Sri Lanka is in the high human development category, positioned 72 out of 189 countries, and is the highest in the South Asian region, …
Restrictions on outward remittances on capital transactions extended by 6 months
Jan 05, 2021 (LBO) – The Central Bank says that the restrictions imposed on outward remittances on capital transactions have been extended by a further six …
Sri Lanka to review performance of open economy policies introduced from 1977
Jan 04, 2021 (LBO) – Sri Lanka will review the performance of the open economy policies introduced from 1977 allowing the country to follow a focused …
Central Bank to revise investment guidelines in line with latest market developments
Jan 04, 2021 (LBO) – The Central Bank who manages the Employees’ Provident Fund (EPF), expects to revise its Investment Guidelines to be in line with the …
CBSL to establish permanent single-digit interest rate structure in economy
Jan 04, 2021 (LBO) – Capitalising on the achievement of 12-years of single-digit inflation, the Central Bank intends to establish a permanent single digit …
ASPI recorded a growth of 10.5-pct in 2020; market turnover highest since 2011
Jan 01, 2021 (LBO) – The benchmark All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) closed 2020 recording a growth of 10.5%, the highest annual …
Central Bank Road Map for 2021 to be announced next Monday
Dec 28, 2020 (LBO) – The Road Map: Monetary and Financial Sector Policies for 2021 and Beyond will be announced by the Governor of the Central Bank on …
Banks suspended from purchasing ISBs of Sri Lanka for three months
Dec 24, 2020 (LBO) – Licensed commercial banks and National Savings Bank are required to suspend the purchase of Sri Lanka ISBs with immediate effect for a …
Central Bank expects rupee to appreciate within next few days
Dec 24, 2020 (LBO) – The Central Bank says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable. …
Exports in November drop 11.8-pct from October amidst second wave of Covid
Dec 24, 2020 (LBO) – Export earnings in November 2020 amounted to US$ 748.58 Mn, which was 20.97% lower than November 2019 and 11.84% lower than October …