S&P revises Sri Lanka’s outlook to negative; ratings affirmed at ’B/B’
Jan 16, 2020 (LBO) - Ratings agency Standard & Poor’s said it revised its outlook on Sri Lanka’s credit rating to negative from stable, citing …
Policy
World Bank forecasts Sri Lanka’s growth at 3.3-pct in 2020
Jan 14, 2020 (LBO) - The World Bank has forecast Sri Lanka’s economic growth for 2020 at 3.3 percent, the bank said in a statement. online pharmacy buy …
CB Chief urges Sri Lanka banks to rethink its credit disbursement policies
Jan 06, 2020 (LBO) – Central Bank Governor Professor W D Lakshman urged Sri Lanka’s banking sector to rethink its credit disbursement policies, as the …
First Capital Research trims down its rate cut probability to 50-pct
Dec 24, 2019 (LBO) – Considering the recent major policy changes, First Capital Research has trimmed down its rate cut probability to 50 percent from the …
Sri Lanka economy boosted after election by local investor activity: ICRA
Dec17, 2019 (LBO) - Sri Lanka's overview activities in the economy improved post presidential election driven by positive sentiments from the local investors, …
National policy framework of Government released via Treasury web site
Dec 16, 2019 (LBO) - The Government's new National policy framework Vistas of Prosperity and Splendour has been released to the internet via Treasury …
Sri Lanka should list SoE and increase transparency
Dec 11, 2019 (LBO) - A top emerging markets investor said the Government should look at listing state enterprises to attract capital. He said that it will …
Fiscal stimulus will boost demand in short-run but create instability in long-run: ICRA
Dec 11, 2019 (LBO) - The Government of Sri Lanka (GoSL) reduced variety of taxes substantially in an attempt to revive the economy, which could possibly cost …
Sri Lanka tax cuts to shave off Rs560bn govt. revenue in 2020: Asia Securities
Dec 10, 2019 (LBO) – Sri Lanka’s recently announced tax cuts will likely shave off 560 billion rupees from government income in 2020, launching its equity …
Sri Lanka aims at 6.5-pct GDP growth from 2020
Dec 09, 2019 (LBO) - Sri Lanka’s economic activity will pick up following a series of tax cuts and the expansion of economic activity will boost Gross …
Dushni Weerakoon highlights critical role tax policies can play to spur economic growth
Dec 06, 2019 (LBO) – Executive Director of the Institute of Policy Studies of Sri Lanka (IPS), Dr. Dushni Weerakoon this week highlighted the critical role …
Sri Lanka Y-o-Y inflation down to 4.4-pct in Nov 2019
Dec 02, 2019 (LBO) - The yer‐on‐year inflation as measured by CCPI is 4.4 percent in November 2019 and inflation calculated for October 2019 was 5.4 …
Policy rates of Sri Lanka’s Central Bank to remain unchanged
Nov 29, 2019 (LBO) – The Monetary Board of the Central Bank of Sri Lanka has decided to maintain its accommodative monetary policy stance. Accordingly, the …
Central Bank expresses its strong objection to statement released by Fitch Ratings
Nov 21, 2019 (LBO) – Sri Lanka's Central Bank says that it strongly objects to the statement released by Fitch Ratings today as it depicts the complete …
Sri Lanka election result increases policy uncertainty: Fitch Ratings
Nov 21, 2019 (LBO) – Sri Lanka's presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal …
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), …
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 …
Sri Lanka inflation at 5-pct in Sept 2019
Oct 22, 2019 (LBO) - Sri Lanka’s National Consumer Price Index (NCPI) increased to 5 percent from 3.4 percent recorded in August on a year-on-year basis, the …
Sri Lanka FIU to obtain direct access to INTERPOL information system
Oct 18, 2019 (LBO) – Sri Lanka's Financial Intelligence Unit (FIU) entered into an agreement with INTERPOL National Central Bureau for Sri Lanka (NCB …