Attorney General advises Central Bank not to make Forensic Audit reports public
Nov 12, 2019 (LBO) – Sri Lanka's Attorney General has opined that the findings of the Forensic Audit reports should be treated as having the potential to be …
Economy & Markets
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Taj Lanka Hotels (TAJ) revenue up 12% as Sri Lanka tourism recovers
November 11, 2019 (LBO) - Colombo Stock Exchange (CSE) listed Taj Lanka Hotels (TAJ) reported surprisingly robust revenue growth for the quarter ended …
Sri Lanka official reserves at USD7.8bn by end October
Nov 08, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.8 billion US dollars (USD7,783.6mn) by the end of October, up from 7.6 billion US dollars …
US Embassy explains next steps for MCC grant
Nov 06, 2019 (LBO) – With presidential elections approaching, the United States anticipates working toward grant signing and parliamentary approval with the …
Fitch rates Singer Finance (Lanka)’s senior debt ‘BBB(lka)(EXP)’
Nov 06, 2019 (LBO) - Fitch Ratings has assigned Singer Finance (Lanka) PLC's (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured …
SEC files action against Wegapitiya & others for market manipulation in Laugfs Gas
Nov 05, 2019 (LBO) – Sri Lanka’s Securities & Exchange Commission (SEC) today filed an action in the Colombo Fort Magistrate Court against W.K.H. …
Sri Lanka economy remains vulnerable to adverse shocks: IMF
Nov 05, 2019 (LBO) – Sri Lanka's economy remains vulnerable to adverse shocks given the high public debt and low reserves, the International Monetary Fund …
Sri Lanka economy to grow 3.5-pct in 2020: Central Bank
Nov 05, 2019 (LBO) - The Sri Lankan economy is projected to grow by around 3.5 percent in real terms in 2020, a new Central Bank report says. "The growth is …
Sri Lanka FDI down in first half of 2019: Dips in service and infrastructure sectors
Nov 05, 2019 (LBO) - The Central Bank says that Foreign Direct Investment (FDI) including loans to projects approved by the Board of Investment (BOI), …
ComBank receives best bank award from Global Finance
The Commercial Bank of Ceylon was recently presented the award for ‘Sri Lanka’s Best Bank in 2019’ by the USA-based Global Finance magazine at the 26th …
IMF completes sixth review of Sri Lanka’s EFF with USD164mn disbursement
Nov 02, 2019 (LBO) – Sri Lanka's Central Bank should maintain a data-dependent monetary policy, completing the sixth review of the country’s extended …
Opinion: Are apartment developers moving to suburbs?
LankaPropertyWeb's (LPW) With Colombo city turning into a business hub more than a residential area, recent studies of LankaPropertyWeb (LPW) show that …
Ceylon Chamber advocates 12 focus areas to accelerate economic growth
Oct 30, 2019 (LBO) – The Ceylon Chamber of Commerce has identified twelve (12) areas as priority areas for Sri Lanka's economic development in the 2020-25 …
Asian Hotels (AHPL) reports a profit, tourism recovery taking hold
October 29, 2019 (LBO) - Colombo Stock Exchange listed Asian Hotels and Properties (AHPL) reported a modest profit in the quarter ended September 30th. AHPL is …
Sri Lanka’s cabinet approves MCC grant of USD 480 Million
Oct 29, 2019 (LBO) – Sri Lanka’s Cabinet of Ministers today approved the implementation of 480 million US dollars MCC grant that consists of grant funds …
Advocata supports recommendation to allow AG dept representation at COPE
Oct 29, 2019 (LBO) - Advocata, a local think tank has welcomed the recommendation to include representatives of the Attorney General’s (AG) Department at …
John Keells Hotels (KHL) reports losses of Rs470mn on 27% drop in revenue
October 25, 2019 (LBO) - Colombo Stock Exchange (CSE) listed John Keells Hotels PLC (KHL), the subsidiary of John Keells Holdings (JKH) which owns resort …
Sri Lanka ranked 99th in new Doing Business Index
Oct 24, 2019 (LBO) – Sri Lanka is ranked as 99th out of 190 countries with a score of 61.8 in Doing Business 2020 report released by the World Bank. The …
First Capital recommends investors to increase exposure in mid-long tenor bonds
Oct 24, 2019 (LBO) – First Capital Research recommends investors to increase overall fixed income portfolio exposure to 50 percent from 45 percent. The firm …
Vote on Account presented to Parliament
Oct 23, 2019 (LBO) – Sri Lanka's Finance Minister Mangala Samaraweera today presented the Vote of Account for the first four months of 2020 in the …