Ford Foundation partners with Lankan Angel Network to grow startup ecosystem
Feb 25, 2020 (LBO) – The Lankan Angel Network (LAN) today announced that it has signed a landmark grant agreement with the Ford Foundation to catalyze the …
Economy & Markets
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Sri Lanka headline inflation increased in January
Feb 24, 2020 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has increased to 7.6 percent …
Central Bank to introduce cost-reflective benchmark interest rate instead of SLIBOR
Feb 24, 2020 (LBO) – The Monetary Board of Sri Lanka's Central Bank has decided to discontinue the compilation of SLIBOR with effect from 01 July 2020. The …
Safer roads to add over USD1 Tn to South Asian economies
South Asia’s eastern subregion, comprising Bangladesh, Bhutan, India, and Nepal, needs to invest an estimated extra $118 billion in road safety over the next …
Private sector keen to join mobilization of domestic investment for SDGs
For mobilizing domestic investment for the Sustainable Development Goals (SDGs), the Government needs to develop different schemes of blended finance, …
Central Bank responsible for taking legal action on forensic audit: President’s Secretary
Feb 21, 2020 (LBO) – Secretary to the President, P B Jayasundera has informed COPE Chairman and JVP Parliamentarian Sunil Handunnetti that it is the …
Poll: Business impact on Sri Lanka from Novel Coronavirus
By the Economic Intelligence Unit of the Ceylon Chamber of Commerce: The outbreak of the Novel Coronavirus (COVID-19) is having its toll on the global economy …
Sri Lanka’s export performance in 2019
Feb 20, 2020 (LBO) – Total exports of the country recorded US$ 16.14 Bn in 2019, which comprised of US$ 11.94 Bn Merchandise exports and USD 4.2 Bn of …
FCR upgrades ASPI target for December to 7,500 amidst added boost to economy
Feb 19, 2020 (LBO) – With the recovery in economic activity and company earnings, First Capital Research (FCR) expects an upward trend in the capital market …
Sri Lanka foreign reserves show signs of depletion: First Capital Research
Feb 19, 2020 (LBO) – First Capital Research expects Sri Lanka's foreign reserves to fall to around 7 billion US dollars by June this year due to the debt …
SEC commences series of meetings with capital market stakeholders
Feb 19, 2020 (LBO) – Securities and Exchange Commission of Sri Lanka has commenced a series of meetings with capital market stakeholders to discuss issues in …
Sri Lanka trade deficit widens in Dec 2019
Feb 18, 2020 (LBO) - The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million in December 2018, led by …
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share …
National Salaries Commission established to formulate national policy
Feb 14, 2020 (LBO) – A National Salaries Commission has been established to provide guidance and assistance to the Government in formulating and executing a …
Sri Lanka performs poorly on economic freedom: Focus on open trade crucial: Advocata
Sri Lanka currently ranks 104 out of 162 countries for Economic Freedom (Economic Freedom of the World Index, 2019). This is a 7 step drop from last year’s …
Uki offers an alternate route from the Northern Province into the tech industry
By Jekhan Aruliah Does Sri Lanka need more university graduates? Sri Lanka has tens of thousands of unemployed graduates. Every now and then the government …
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The …
Sri Lanka economy on the mend in 2020 : Will look at new IMF deal
Feb 11, 2020 (LBO) - A revival in economic activity can be expected in 2020 with the support of better fiscal and monetary measures with Sri Lanka also looking …
Effective Leadership for the New Digital Age
Leaders in this new age need to inspire, engage and lead with optimism. Digital leadership is about empowering others to lead and creating self-organized teams …
Primary deficit will widen to 1.9-pct of GDP with new tax cuts & exemptions: IMF Mission
Feb 08, 2020 (LBO) – IMF staff concluding a visit to Sri Lanka said that the country's primary deficit could widen further to 1.9 percent of GDP in 2020, due …