Foreign institutional bond selling spikes amid CBSL rate cuts
August 24, 2019 (LBO) – The 2018-2019 foreign exodus from Sri Lanka’s government bond markets has picked up speed in recent weeks with total net …
Economy & Markets
Rupee depreciation pressure experienced during past few days to be short-lived: Central Bank
Aug 23, 2019 (LBO) – Sri Lanka’s Central Bank expects the rupee depreciation pressure experienced during the past few days, to be short-lived. The Sri …
Central Bank decides to reduce SDFR & SLFR by 50bps; SRR unchanged
Aug 23, 2019 (LBO) – Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility …
Sri Lanka headline inflation marginally increased in July
Aug 22, 2019 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI) increased …
Samurai Bond to support reserves to maintain around USD8Bn throughout 2019: FC
Aug 20, 2019 (LBO) – Sri Lanka’s First Capital Research believes that the raising of 500 million dollars via Samurai Bonds is likely to support to maintain …
First Capital assigns higher probability for neutral monetary policy stance
Aug 20, 2019 (LBO) – Sri Lanka’s First Capital Research believes that the Central Bank may delay the monetary easing while allowing the impact of the …
Sri Lanka to present Vote on Account for 1Q 2020 instead of fully-fledged budget
Aug 14, 2019 (LBO) – Sri Lanka’s cabinet yesterday approved a proposal to present a Vote on Account (VoA) to allocate state expenditure for the first …
Sri Lanka official reserves at USD 8.3bn by end July; YTD rupee appreciation 3.1-pct
Aug 09, 2019 (LBO) – Sri Lanka’s gross official reserves were 8,343.9 million US dollars by the end of July, down from 8,864.98 million US dollars in June, …
ICTA launches national IT-BPM workforce survey 2019
Aug 07, 2019 (LBO) – A new IT-BPM survey reveals the overall strength of the sector’s workforce has grown from 82,854 in 2014 to 124,873 in 2018, …
Cabinet approves amendments to Nation Building Tax & Value Added Tax
Aug 06, 2019 (LBO) – Sri Lanka’s Cabinet of Ministers has approved the tax amendments proposed by the Finance Minister Mangala Samaraweera in his …
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of …
No change in 15-pct interest to Senior Citizens’ Savings Accounts: Finance Ministry
Aug 05, 2019 (LBO) – Although the Central Bank has reduced the rates for deposits maintained in commercial banks, the special interest rate of 15 percent …
Market Research Society of Sri Lanka to introduce new socio-economic measure
Aug 05, 2019 (LBO) – The Market Research Society of Sri Lanka will be introducing its new SEC (socio-economic) measure, which takes into account a 3rd …
CA Sri Lanka forum highlights need for accountants to lead in eradicating corruption
Aug 02, 2019 (LBO) – The increasingly important role professional accountants including Chartered Accountants can play in eradicating corruption and the …
Teejay reports Q1 net profit growth of 62-pct
Aug 02, 2019 (LBO) – Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at group and company level …
Federal Reserve cuts interest rates for first time since 2008
Aug 02, 2019 (LBO) – The United States Federal Reserve lowered its benchmark rate by a quarter-point yesterday, its first rate cut since December 2008. The …
First Capital recommends investors to reduce exposure in low yield bonds
Aug 01, 2019 (LBO) – Sri Lanka’s First Capital recommends investors to reduce overall portfolio exposure to 45 percent from 60 percent. The firm …
Japan’s SBI group invests USD2Mn in Sunshine Energy
Jul 29, 2019 (LBO) – Japan’s SBI Group will be investing US 2 million dollars in Sunshine Energy to further expand on renewable energy production, a …
Sri Lanka’s 1st dollar sovereign bond fund poised for global investors
Jul 26, 2019 (LBO) – Strong demand on the recent issuance of Sri Lankan International Sovereign Bonds (ISB) signals potential for a strong economic …
JKH transportation, consumer foods and retail witness strong growth in Q1
Jul 25, 2019 (LBO) – John Keells Holdings PLC reported a 5 percent growth in Group revenue during the first quarter of the year of Rs.31.74 billion …