Category: Economy and Markets

Central Bankers should have dual mandate, says author of HDR 2015

Central Bankers should have dual mandate, says author of HDR 2015

Jan 22, 2016 (LBO) – Central Bankers in the modern era should have a dual mandate which concentrate on employment targeting in addition to conventional inflation targeting, lead author of the 2015 Global Human Development Report said. Making the South Asian regional release yesterday in Colombo Selim Jahan stated that enhancing human development through work […]

export

Sri Lanka has perverse link between trade and budget deficit: Nishan de Mel

Jan 22, 2016 (LBO) – Sri Lanka’s economic policy is governed by political pressures which is evident in the perverse link between the trade deficit and the budget deficit, a top economist observed. Nishan de Mel of Verité Research says the inconsistency in government policies is the key underlying problem contributing to this issue. Trade […]

Inflation

Sri Lanka inflation NCPI at 4.2-pct in December 2015

Jan 21, 2016 (LBO) – Sri Lanka’s consumer prices rose 4.2 percent in the 12-months to December 2015 from a year earlier, data from the state statistics office showed. In November 2015, the index which is termed as National Consumer Price Index reported 4.8 percent inflation. Year on year inflation of Food Group has been […]

IMF

Central Bank negotiating with IMF for SBA: Amunugama-Updated

Jan 21, 2015 (LBO) – The Central Bank is negotiating with the IMF for a one billion dollar stand-by arrangement, Special Assignments Minister Sarath Amunugama said at an SLFP media briefing, according to a media report. Amunugama said discussions were ongoing and the first tranche of the SBA could come in by late February or […]

stocks-up-lbo

Sri Lanka stocks closed up 1.6-pct

Jan 21, 2016 (LBO) – Sri Lankan stocks closed up 1.59 percent after four days of losses with gains across the board as regional markets were also all in the green, brokers said. The Colombo benchmark All Share Price Index closed higher 99.38 points at 6,360.56 up 1.59 percent. S&P SL20 closed 44.61 points up […]

Ranil-Wickramasinghe-new

China eyes more investment opportunities in Sri Lanka: PM (VIDEO)

Jan 21, 2016 (LBO) – Prime Minister Ranil Wickremesinghe said in Switzerland that Sri Lanka is expecting more investments from the China apart from the ongoing infrastructure projects. “Infrastructure alone is not sufficient and we are discussing bringing more Chinese investments,” Wickremesinghe said at a press conference held during the World Economic Forum in progress in […]

Saman-Kelegama

Sri Lanka should look at IMF package seriously: Kelegama

Jan 21, 2016 (LBO) – Sri Lanka should look at the IMF package very seriously as the temporary measures would not fix the fundamental issues of the economy, an economist said. Saman Kelegama, Executive Director of the Institute of Policy Studies told a forum that the country needs to bring down the over heated economy […]

stocks-down-lbo

Sri Lanka stocks closed down 0.3-pct

Jan 20, 2016 (LBO) – Sri Lankan stocks closed down 0.35 percent for a fourth consecutive session with losses in index heavy stocks, brokers said. The Colombo benchmark All Share Price Index closed lower 22.06 points at 6,261.18 down 0.35 percent. S&P SL20 closed 9.91 points down at 3,251.39 down 0.30 percent. Turnover was at […]

IMF

Growth in developing economies forecast at 4.3-pct for 2016: IMF

Jan 20, 2016 (LBO) – Growth in emerging market are projected to increase from four percent in 2015 to 4.3 and 4.7 percent in 2016 and 2017, respectively, the latest International Monetary Fund’s global forecast says. “Growth in China is expected to slow to 6.3 percent in 2016 and 6.0 percent in 2017, primarily reflecting […]

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