I think we are understating Sri Lanka’s GDP under new methodology: CB Governor
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor on Wednesday pointed out that the authorities need to look at carefully whether they are recording …
Economy & Markets
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Sri Lanka to cut threshold for foreign investment in rupee denominated securities
Jan 02, 2019 (LBO) – Central Bank intends to reduce the threshold for foreign investment in rupee denominated Government securities from 10 percent of the …
Sri Lanka to complete IMF programme in 2019; reserves at USD6.9bn
Jan 02, 2019 (LBO) – Sri Lanka’s Central Bank Governor remained optimistic that the staff level agreement reached in principle with the IMF on the fifth …
Sri Lanka and Nepal to strengthen economic cooperation
Jan 02, 2018 (LBO) - The Embassy of Sri Lanka in Nepal, together with the Nepal- Sri Lanka Chamber of Commerce and Industry organized a programme on …
HUAWEI’s annual smartphone shipments exceed 200Mn units
Jan 01, 2019 (LBO) - HUAWEI Consumer BG announced recently that its global smartphone shipments for the 2018 year have exceeded 200 million units, thanks to …
Sri Lanka inflation 2.8-pct in Dec 2018
Jan 01, 2019 (LBO) - Sri Lanka's Colombo Consumer Price Index was down to 2.8 percent in December 2018 from 3.3 percent in November 2018, data shows. "The …
First Capital increases equity exposure as global funds reversing towards Asia
Dec 28, 2018 (LBO) – First Capital Research has upgraded its equity exposure to 60 percent with the belief that the events that have unfolded globally may …
Sri Lanka Central Bank maintains policy interest rates at current levels
Dec 28, 2018 (LBO) – Monetary Board of the Central Bank has decided to maintain policy interest rates at their current levels with the broad aim of …
Harsha assumes duties as Minister of Economic Reform
Dec 26, 2018 (LBO) - Sri Lanka’s former deputy Minister of National Policies and Economic Affairs assumed duties as Minister of Economic Reform and Public …
Benefits of global oil price reduction should be passed on to people: Fin Min
Dec 26, 2018 (LBO) - As a result of the price formula introduced by the Government, the price of petrol and diesel has been reduced by Rs. buy valtrex online …
Sri Lanka vehicle registration down in Nov 2018
Dec 26, 2018 (LBO) - Vehicle registration momentum across most categories came down in the month of November relative to October 2018, a new report said. Data …
Net outflows from securities market & CSE surpasses USD200mn in October
Dec 21, 2018 (LBO) – Sri Lanka’s Central Bank says the trend of foreign investment outflows from the financial account continued during October, with …
CSE announces changes in S&P SL20 with year-end index rebalance
Dec 21, 2018 (LBO) – Colombo Stock Exchange (CSE) has announced the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones …
BOI inks deals in tourism and pharmaceutical sectors
Dec 21, 2018 (LBO) - The Board of Investment signed Agreements for projects in the field of hotels and the manufacture of pharmaceuticals. The Agreements were …
LSEG Technology implements settlement solution for Singapore Exchange
Dec 20, 2018 (LBO) – LSEG Technology has successfully implemented Settlement and Central Securities Depository functionality for Singapore Exchange (SGX). …
Active trading in shares of John Keells Holdings (JKH)
December 20, 2018 (LBO) - Trading at the Colombo Stock Exchange (CSE) picked up with active trading in bellwether stock John Keells Holdings (JKH). online …
Vote on Account to be presented in Parliament tomorrow; 55-pct for debt repayments
Dec 20, 2018 (LBO) – Vote on Account to cover the expenditures of the first four months of 2019 to be presented in Parliament tomorrow, Mangala Samaraweera …
Leapfrog announce investment of USD 12Mn in Sri Lanka’s Softlogic Life
Dec 19, 2018 (LBO) - LeapFrog Investments, a leading profit with purpose investor, today announced a USD 12 million dollar investment in Softlogic Life …
Sri Lanka GDP 2.9-pct for third quarter 2018
Dec 19, 2018 (LBO) - The Department of Census and Statistics (DCS) Sri Lanka said economic growth rate of the country is estimated as 2.9 percent for the third …
China Securities Depository and Clearing Corporation and CDS Sri Lanka commits to corporation
Dec 18, 2018 (LBO) - Sri Lanka’s Central Depository Systems (Pvt) Ltd (CDS) and China Securities Depository and Clearing Corporation Limited (CSDC) recently …