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Monetary Policy to be maintained allowing impact of previous rate cut to materialize: FCR
July 08, 2019 (LBO) – Sri Lanka’s Monetary Board would continue the policy rates with no change, considering the fact that it is too early to assess the impact of the previous 50 bps rate cut, First Capital said in a research note. “We believe that Monetary Board may first consider, CBSL’s ability to implement […]
Two appointments to Sri Lanka Treasury
Jul 08, 2019 (LBO) – Sri Lanka’s Finance Ministry has announced the appointment of two new officials to the Treasury. K.D. R Olga of the Sri Lanka Accountancy Service has been appointed as the Director General of the Treasury Operations Department. And R.M. A. Rathnayaka has assumed duties as Director General of the State Accounts […]
‘s capital markets
July 6, 2019 (LBO) – Foreign investors continue to be net sellers of Sri Lankan stocks and bonds with net outflows reaching their highs for the year. Net outflows from stocks and bonds hit a high of close to Rs30bn (US$170mn) for 2019. This comes on the back of net outflows of one Rs180bn (USbn) […]
Sri Lanka stocks come alive with S&P SL 20 up 4% for the week
July 5, 2019 (LBO) – The Colombo Stock Exchange (CSE) had one of its better weeks in recent memory with both major indices notching impressive gains for the week. The All Share Price Index (ASPI), a market cap weighted index of all listed stocks on the CSE, finished the week up 2.5%. The S&P SL […]
Perpetual Treasuries suspension of business activities extended by 6 months
July 05, 2019 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business activities of a Primary Dealer for a period of six more months with effect from today. The Central Bank said the extension was made in terms of the […]
Opinion: Beating the economic downturn – a PwC perspective
By PwC Sri Lanka Sri Lanka is facing economic headwinds with a slowdown in GDP growth rate, depreciation of the rupee, changes in weather patterns, policy reforms and weak investor sentiment amidst the slow recovery from the recent unfortunate events on 4/21. Despite the difficult and volatile economic backdrop, opportunities exist to create business and […]
University of Technology Sydney launches UTS Insearch Sri Lanka
July 05, 2019 (LBO) – Sri Lanka’s Premier Ranil Wickremesinghe yesterday officially launched Colombo’s newest international higher education college, ‘UTS Insearch Sri Lanka’. The launch will see University of Technology Sydney (UTS) bring its latest developments in higher education learning from Sydney to support the skills and knowledge Sri Lankan students need for international study […]
Atlas celebrates 60: Takes action against hate campaign on social media
Jul 05, 2019 (LBO) – Atlas Axillia Co., a Sri Lankan owned and operated company celebrated its 60th anniversary with a number of initiatives focused on enriching the lives of children in the country. Asitha Samaraweera, Managing Director of Atlas speaking to mark the occassion said for the past 60 years the company has been […]
Improving macro stability, lower yields may strengthen equity returns: First Capital
July 05, 2019 (LBO) – Despite the Easter Sunday attacks Sri Lanka’s economic outlook has shown signs of resilience and ability to recover quickly as economic activities were seen returning to normalcy while removal of travel advisories was faster than anticipated, First Capital said in their latest equity strategy. The research firm believes that the […]
CA Sri Lanka offers BSc. Degree programme to students who completed London A/L
Students who are looking to pursue a successful accounting and finance career, can register with the highly reputed Bachelor’s Degree in Applied Accounting offered by the country’s foremost professional body, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Students who have successfully completed the London Advanced Level (Edexcel/Cambridge) examinations or local GCE […]
ComBank receives ‘Best Bank in Sri Lanka’ award for 9th time from FinanceAsia
The Commercial Bank of Ceylon recently received the coveted Best Bank of the Year in Sri Lanka award for the ninth time at the prestigious FinanceAsia Country Awards gala. At the event held in St. Regis Hotel, Hong Kong, the Bank was represented by Mr Prins Perera, Deputy General Manager – Treasury, who accepted the […]
Land prices surrounding LRT up 129-pct: Minister
Jul 04, 2019 (LBO) – Land prices in and around Malabe have increased up to 129 percent following the announcement and launch of Sri Lanka’s light rail project, a senior minister said. “Since the project was announced, land prices in Malabe and surrounding areas have increased by 129 percent,” Champika Ranawaka, minister Megapolis and Western […]