Sri Lanka official reserves at USD 8.3bn by end July; YTD rupee appreciation 3.1-pct
Aug 09, 2019 (LBO) – Sri Lanka’s gross official reserves were 8,343.9 million US dollars by the end of July, down from 8,864.98 million US dollars in June, …
Economy & Markets
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ICTA launches national IT-BPM workforce survey 2019
Aug 07, 2019 (LBO) - A new IT-BPM survey reveals the overall strength of the sector's workforce has grown from 82,854 in 2014 to 124,873 in 2018, up 50.7 …
Cabinet approves amendments to Nation Building Tax & Value Added Tax
Aug 06, 2019 (LBO) – Sri Lanka's Cabinet of Ministers has approved the tax amendments proposed by the Finance Minister Mangala Samaraweera in his Budget …
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of …
No change in 15-pct interest to Senior Citizens’ Savings Accounts: Finance Ministry
Aug 05, 2019 (LBO) – Although the Central Bank has reduced the rates for deposits maintained in commercial banks, the special interest rate of 15 percent …
Market Research Society of Sri Lanka to introduce new socio-economic measure
Aug 05, 2019 (LBO) - The Market Research Society of Sri Lanka will be introducing its new SEC (socio-economic) measure, which takes into account a 3rd …
CA Sri Lanka forum highlights need for accountants to lead in eradicating corruption
Aug 02, 2019 (LBO) - The increasingly important role professional accountants including Chartered Accountants can play in eradicating corruption and the …
Teejay reports Q1 net profit growth of 62-pct
Aug 02, 2019 (LBO) - Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at group and company level through …
Federal Reserve cuts interest rates for first time since 2008
Aug 02, 2019 (LBO) – The United States Federal Reserve lowered its benchmark rate by a quarter-point yesterday, its first rate cut since December 2008. The …
First Capital recommends investors to reduce exposure in low yield bonds
Aug 01, 2019 (LBO) – Sri Lanka's First Capital recommends investors to reduce overall portfolio exposure to 45 percent from 60 percent. The firm recommends …
Japan’s SBI group invests USD2Mn in Sunshine Energy
Jul 29, 2019 (LBO) - Japan’s SBI Group will be investing US 2 million dollars in Sunshine Energy to further expand on renewable energy production, a …
Sri Lanka’s 1st dollar sovereign bond fund poised for global investors
Jul 26, 2019 (LBO) - Strong demand on the recent issuance of Sri Lankan International Sovereign Bonds (ISB) signals potential for a strong economic recovery …
JKH transportation, consumer foods and retail witness strong growth in Q1
Jul 25, 2019 (LBO) - John Keells Holdings PLC reported a 5 percent growth in Group revenue during the first quarter of the year of Rs.31.74 billion compared to …
IMF downgrades global growth to 3.2-pct in 2019
Jul 25, 2019 (LBO) - The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next, a statement said. It …
Sri Lanka inflation decreased in June
July 23, 2019 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has been decreased to 2.1 …
Sri Lanka vehicle registrations down in June 2019
Jul 22, 2019 (LBO) - Sri Lanka's vehicle registrations across most categories have declined in June relative to May, a new report shows. Data compiled by JB …
Sri Lanka Central Bank expects lending rates to reduce further in immediate future
July 19, 2019 (LBO) – Sri Lanka’s Central Bank expects lending rates of banks and NBFIs to reduce further in the immediate future, and borrowers, …
Federal Reserve will only cut rates once in 2019: Fitch Ratings
July 18, 2019 (LBO) – The Federal Reserve is likely to cut interest rates by less than financial markets expect over the rest of 2019 given robust jobs …
SenzMate, the Internet of Things tech company born in Jaffna
By Jekhan Aruliah I visited SenzMate a few months ago, and am only now getting around to writing about them. The reason for my hesitation has been although …
Sri Lanka’s possible fiscal slippage, main argument for not relaxing policy: CBSL Chief
July 12, 2019 (LBO) – Sri Lanka’s possible fiscal slippage is the main argument against relaxing monetary policy, the Central Bank Governor Indrajit …