CSE trading closes after S&P SL 20 drops over 10-pct
May 11, 2020 (LBO) – The Colombo Stock Exchange (CSE) closed trading for the day after the S&P SL 20 index dropped over 10 percent from the previous …
Economy & Markets
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Emirates Group announces 2019-20 results
Group records 32nd consecutive year of profit of AED 1.7 billion (US$ 456 million) Group revenue of AED 104 billion (US$ 28.3 billion) impacted by …
Colombo Stock Exchange to recommence trading tomorrow
May 10, 2020 (LBO) – The Colombo Stock Exchange will recommence its operations on Monday in line with the decision made by the government to relax curfew …
EFutures helps Global Vinyl to set up SAP on AWS
Using cloud services can be overwhelming at times especially when your organization has no prior experience utilizing cloud services for any business …
IMF discusses Sri Lanka’s intention to replace EFF with rapid financing instrument
May 08, 2020 (LBO) – The International Monetary Fund (IMF) says that they are currently discussing Sri Lanka’s intention to replace the Extended Fund …
Sri Lanka gross official reserves down to USD7.2 bn by end-April
May 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.2 billion US dollars (USD7,179. online pharmacy buy ciprodex with best prices today in the …
CBSL responds to questions asked about concessions granted to businesses
Frequently Asked Questions on concessions granted to COVID -19 hit Businesses including Self-Employment and
Central Bank of Sri Lanka further reduces policy rates to support economic activity
May 06, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at a special meeting held on 06 May 2020, reviewed the current monetary policy stance …
COVID-19: out of chaos comes opportunity. But opportunity must be seized to become reality.
By Jekhan Aruliah Tinned fish to tin houses: in the weeks of the 2020 Corona curfews we frequently saw on television and on Facebook fish in metal tins donated …
Resumption of civilian life and office work begins from May 11
May 04, 2020 (LBO) - While the curfew is in force in the districts of Colombo, Gampaha, Kalutara and Puttalam, the resumption of civilian life and state and …
SEC grants relief measures; extends due date for submission of audit reports
Apr 30, 2020 (LBO) – Sri Lanka's Securities and Exchange Commission having taken into consideration the challenges faced by the licensed entities in …
SEC introduces 3-Tiered Circuit Breaker attached to S&P SL20
Apr 30, 2020 (LBO) – Sri Lanka's Securities and Exchange Commission has introduced a Three Tiered Circuit Breaker structure which is to be attached to the …
Global coronavirus outbreak exacerbates Sri Lanka’s liquidity & external risks: Moody’s
Apr 29, 2020 (LBO) – Sri Lanka (B2 review for downgrade) is facing simultaneous domestic and external shocks amid the global coronavirus outbreak, Moody’s …
Mangala asks President to re- summon Parliament to approve public expenditure
Apr 29, 2020 (LBO) - Former Finance Minister Mangala Samaraweera in a letter to President Gotabaya Rajapaksa has urged him to exercise his powers as the Head …
Clearing of vehicles from Hambantota port slow
Apr 28, 2020 (LBO) - The clearance of cars at the Hambantota Port is slow, and the port is concerned that they would not meet the April 30th deadline for …
Central Bank cuts Sri Lanka’s growth forecast to 1.5-pct in 2020
Apr 28, 2020 (LBO) – Central Bank expects that the real GDP growth in Sri Lanka to decelerated to around 1.5 percent in 2020 before the economy recovers to …
Sri Lanka records a subdued growth of 2.3-pct in 2019: CBSL Annual Report
Apr 28, 2020 (LBO) – Sri Lankan economy recorded a subdued growth of 2.3 percent in 2019, compared to the growth of 3.3 percent in 2018, as per the …
Central Bank imposes maximum interest rates on pawning advances of banks
Apr 27, 2020 (LBO) – Sri Lanka's Central Bank has decided to impose maximum interest rates on pawning advances of licensed banks. The decision has been taken …
WTO, IMF call on countries to remove recent trade restrictions
Apr 24, 2020 (LBO) – The World Trade Organization (WTO) and The International Monetary Fund (IMF) call on governments to refrain from imposing or …
Fitch downgrades Sri Lanka to ‘B-‘; outlook negative
Apr 24, 2020 (LBO) – Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'B-', from 'B' with a …