Sri Lanka’s new Banking Act to facilitate banks in Colombo Intl. Financial Centre
Jan 06, 2020 (LBO) – Sri Lanka's Central Bank has initiated drafting a new Banking Act and expects to complete its enactment in 2021. The new Banking Act …
Jan 06, 2020 (LBO) – Sri Lanka's Central Bank has initiated drafting a new Banking Act and expects to complete its enactment in 2021. The new Banking Act …
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 …
Jan 06, 2020 (LBO) – Monetary Board of the Central Bank of Sri Lanka has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying …
Jan 01, 2020 (LBO) – Sri Lanka's Inland Revenue Department has issued a new circular to banks and financial institutions detailing the new Withholding Tax …
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 …
Dec 19, 2019 (LBO) – Sri Lankan authorities stress that the recent rating action by Fitch Ratings to revise the country’s Outlook to ‘Negative’ has …
Dec 19, 2019 (LBO) – Sri Lanka's national accounts estimates of the third quarter still reflect the impact of ‘Easter Sunday Attack’ especially in some …
Dec 19, 2019 (LBO) – Fitch Ratings has revised the Outlook on Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and …
Dec17, 2019 (LBO) - Sri Lanka's overview activities in the economy improved post presidential election driven by positive sentiments from the local investors, …
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 …
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 …
Dec 06, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,520.9mn) by the end of November, down from 7.8 billion US …
Dec 06, 2019 (LBO) – Sri Lanka's Central Bank with the Ministry of Finance is currently in the process of drafting a new law for licensing, regulation and …
Dec 03, 2019 (LBO) - Colombo’s upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment pioneer, Dr. …
Dec 02, 2019 (LBO) – Sri Lanka’s Finance Ministry says that the recent tax reforms constitute a much-needed transformation in the country’s tax system to …
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 …
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 …
Nov 27, 2019 (LBO) – Sri Lanka's new Cabinet of Ministers has given its approval to reduce Value Added Tax (VAT) and various other taxes, Co-Cabinet …
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 …
Nov 21, 2019 (LBO) – Sri Lanka's presidential election significantly increases policy uncertainty and could prompt loosening that exacerbates fiscal …