MTD Walkers (KAPI) loses another billion, equity wiped out
October 2, 2019 (LBO) - Embattled construction firm MTD Walkers (KAPI) has reported a loss for the June quarter of approximately Rs1bn, and its equity base has …
Economy & Markets
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IOSCO launches World Investor Week to promote investor education
Sep 30, 2019 (LBO) – The International Organization of Securities Commissions (IOSCO) today launched its third annual World Investor Week (WIW) following its …
Developing human capital key for SL’s to become upper-middle-income economy
Sep 27, 2019 (LBO) - Sri Lanka needs to invest in people to unlock its productive potential, a senior official said. “People are the most valuable resource …
Fitch affirms Sri Lanka at ‘B’; outlook stable
Sep 27, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook. KEY RATING …
IMF says end-June fiscal target missed by a large margin; earlier targets no longer within reach
Sep 25, 2019 (LBO) – The International Monetary Fund (IMF) says that the protracted impact of the 2018 political crisis and the Easter attacks are …
IMF reaches staff level agreement on sixth review of Sri Lanka’s Extended Fund Facility
Sep 25, 2019 (LBO) – International Monetary Fund (IMF) says that the Sri Lankan authorities are taking steps to complete all the pending actions and …
Economist Deshal de Mel joins Verité Research
September 24, 2019 (LBO) - Press Release Former Advisor to the Finance Minister and economist Deshal de Mel joined Verité Research as a Research Director this …
Sri Lanka headline inflation increased in August; core inflation declined
Sep 24, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 3.4 percent in …
Global financial assets fall, SL economy slows: Report
Sep 20, 2019 (LBO) - Allianz’s Global Wealth Report, which puts the asset and debt situation of households in more than 50 countries/regions under the …
Resilient Sri Lanka reports positive GDP growth despite Easter Sunday terror attacks
September 19, 2019 (LBO) - Sri Lanka has reported GDP growth of 1.6% in the second quarter ended June 30, 2019. This positive growth has been reported despite …
Sri Lanka GDP growth 1.6-pct in Q2
Sep 19, 2019 (LBO) - Sri Lanka's Gross Domestic Product (GDP) growth rate for the second quarter of 2019 has been estimated as 1.6 percent, a new report said. …
PM’s says economy stabilizing: looking at leapfrog growth trajectory
Sep 18, 2019 (LBO) - Sri Lanka's Prime Minister Ranil Wickremesinghe says the government's plans to put the island on a leapfrog trajectory to growth so that …
Ceylon Chamber’s action plan targets USD134Bn economy in Sri Lanka by 2025
Sep 18, 2019 (LBO) – The Ceylon Chamber of Commerce on Tuesday launched the working draft of the 2020 - 25 Economic Acceleration Framework at the Sri Lanka …
“Sri Lankan Airlines is a vanity we cannot afford,” Fin Min says
Sep 17, 2019 (LBO) - Sri Lanka's Finance Minister, Mangala Samaraweera says State Owned Enterprises (SOE) management has become political rather than …
Sri Lanka’s Economic Summit 2019 Opens Today
Sep 17, 2019 (LBO) - The Sri Lanka Economic Summit (SLES) 2019 themed on Re-calibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s …
Forward tourist bookings have fully recovered – JKH Deputy Chair
September 12, 2019 (LBO) - Forward bookings in the tourism sector of Sri Lanka's largest conglomerate, John Keells Holdings (JKH), have fully recovered on a …
The Finance (TFC) plunges deeper into the abyss with another Rs1bn loss
September 11, 2019 (LBO) - The Finance Company (TFC), once one of Sri Lanka's largest non-bank financial institutions, reported a loss of Rs1bn for the quarter …
Sri Lanka reduces fuel prices
Sep 11, 2019 (LBO) - Sri Lanka’s government has decided to reduce the petrol and diesel prices with effect from mid-night, yesterday the Finance Ministry …
Driving growth in uncertain times tops agenda at Oxford Business Group roundtable
Sep 10, 2019 (LBO) – The steps that Sri Lanka could take to harness digital innovations and mitigate the impact on its economy of domestic political …
Sri Lanka calls for proposals to appoint arrangers for JPY 60bn Samurai bond
Sep 09, 2019 (LBO) – Sri Lanka’s Central Bank on behalf of the government has invited proposals from banks and investment houses for consideration to be …