Central Bank suspends business activities of NatWealth Securities Limited
May 31, 2019 (LBO) – Central Bank having considered the continuous failure to comply with directions applicable to primary dealers has decided to suspend …
Economy & Markets
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Competition cuts Asian Hotels (AHPL) annual profit in half
May 31, 2019 (LBO) - Profits at Sri Lanka's leading city hotel operator, Asian Hotels and Properties (AHPL), were down more than 50% for the year ended March …
Amidst elevated market lending rates, private sector credit contracted notably: CBSL
May 31, 2019 (LBO) – Sri Lanka's Central Bank on Friday said the market lending rates remained downward rigid, despite the measures already taken while the …
Sri Lanka Central Bank cuts SDFR and SLFR by 50 basis points
May 31, 2019 (LBO) – The Monetary Board of the Central Bank, at its meeting held on 30 May 2019, has decided to reduce the Standing Deposit Facility Rate …
Jegan Durairatnam to Chair DFCC board
May 30, 2019 (LBO) - Former Commercial Bank CEO Jegan Durairatnam has been appointed as the Chariman of the board of DFCC. The appointment is with effect from …
Capital Trust becomes the sole owner of ride-hailing-app, Taxiya
May 30, 2019 (LBO) - Taxiya, a ride-hailing service powered by an advanced digital mobile App, is now wholly owned and managed by Capital TRUST Holdings, …
Cabinet nod for implementation of promotion programs to minimize effects attacks on tourism
May 30, 2019 (LBO) - Sri Lanka's cabinet of ministers has approved several relief packages for the tourism industry in the island. Approval was given to a …
Sri Lanka introduces an electronic Government Procurement System
Remarks made by Mangala Samaraweera, Minister of Finance at the launching event of the Electronic Government Procurement (e-GP) System on 29th May 2019 Let me …
World Bank to allocate USD 250mn policy based guarantee to Sri Lanka for external borrowings
May 29, 2019 (LBO) – The World Bank has offered 250 million US dollars worth policy based guarantee to Sri Lanka for the external borrowings, the Central …
Sri Lanka rupee appreciated 3.8-pct against the US dollar up to 28 May 2019
May 29, 2019 (LBO) - Sri Lankan rupee appreciated against the US dollar by 3.8 percent by end March 2019 compared to end 2018. "Along with the significant …
Sri Lanka exports up 5.6-pct: Imports down
May 29, 2019 (LBO) - Export earnings increased by 5.6 percent (year-on-year) while import expenditure declined by 19. online pharmacy buy diflucan with best …
Sri Lanka to host 2021 Annual meeting of ADB: Finance Ministry
The 54th Annual Meeting of the Board of Governors of the Asian Development Bank is to be held in Colombo, in May 2021. The Annual Meeting of the ADB Board of …
Lotus Renewables buys Hatton Plantations (HPL) in Rs1bn deal
May 28, 2019 (LBO) - Lotus Renewable Energy Group (LREG) has bought control of Colombo Stock Exchange (CSE) listed Hatton Plantations (HPL) in a Rs1bn stock …
First Capital Research allocates 95-pct probability for a policy rate cut
May 27, 2019 (LBO) – First Capital Research has allocated a 95 percent probability for a policy rate cut in May 2019 as they are of the view that policy …
Strong possibility of a rate cut; interest rate decline to boost stock market: Capital Trust
May 26, 2019 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy has hinted a strong possibility of a policy rate cut at the next monetary …
Foreign outflow from Sri Lanka government bonds reverses in past week
May 24, 2019 (LBO) - Foreign investors moved back into Sri Lanka government bonds during the past week slightly reversing significant outflows that were …
Harry J’s shareholding in JKH nears 10%
May 24, 2019 (LBO) - Harry Jayawardena, perhaps Sri Lanka's wealthiest man, now controls close to 10% of the outstanding shares in Sri Lanka's most important …
IMF wants SEC to streamline enforcement program; expedite high-profile criminal actions
May 23, 2019 (LBO) – International Monetary Fund (IMF) advises Securities and Exchange Commission of Sri Lanka (SEC) to streamline the current enforcement …
Circular issued to pay Rs 2500 monthly interim allowance to all public officials
May 22, 2019 (LBO) – Sri Lanka's Finance Ministry said all public sector employees will be paid a special interim monthly allowance of 2500 rupees effective …