SEC issues cautionary notice to public on investing in offshore companies
Oct 14, 2019 (LBO) – Sri Lanka’s Securities and Exchange Commission says that it has become aware of a growing number of unsolicited phone calls from …
Economy & Markets
Growth in SA slows down, Sri Lanka growth to soften to 2.7-pct in 2019: World Bank
Oct 14, 2019 (LBO) – Economic growth in Sri Lanka is expected to soften to 2.7 percent in 2019, says the World Bank in its twice-a-year regional economic …
Sri Lanka official reserves at USD7.6bn by Sept; YTD rupee appreciation 1.3-pct
Oct 11, 2019 (LBO) – Sri Lanka’s gross official reserves were 7.6 billion US dollars by end September, down from 8.5 billion US dollars in August, latest …
Sri Lanka CB maintains policy rates unchanged
Oct 11, 2019 (LBO) – Sri Lanka’s Monetary Board has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility …
Colombo stocks surge as Gota secures SLFP support
October 9, 2019 (LBO) – The Sri Lankan stock market surged in response to presidential candidate Gotabaya Rajapaksa officially securing the support of …
Sri Lanka unemployment up in Q2 2019
Oct 09, 2019 (LBO) – T h e n u m b e r o f unemployed persons in Sri Lanka is estimated as 420,231 or 4.9 percent during the second quarter 2019, a new …
Commercial Bank blocks sale of MTD Walkers (KAPI) to Ravi Wijeratne
October 8, 2019 (LBO) – Colombo Stock Exchange (CSE) listed construction firm MTD Walkers (KAPI), in a stock exchange disclosure, informed the …
Softlogic Capital to raise Rs1.5Bn
Oct 08, 2019 (LBO) – Softlogic Capital PLC has decided to raise Rs 1,500 million through a debenture issue, a statement said. Soflogic Capital said in a …
Sri Lankan bank lending rate cap may not support loan growth : Fitch
Oct 07, 2019 (LBO) – The lending rate cap recently imposed by the Central Bank of Sri Lanka (CBSL) on rupee-denominated loans extended by Sri Lankan …
Mangala calls Mahinda to a public debate on debt status
Oct 04, 2019 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera called on former President Mahinda Rajapaksa to enter into a public debate on …
First Capital anticipates Sri Lanka ASPI to reach 6,000 by Dec 2019 & 6,500 by Jun 2020
Oct 04, 2019 (LBO) – First Capital Research expects the equity market to adopt an upward trajectory over the next 12 months as they expect the ASPI to reach …
Access Engineering buys warehouse -logistics firm for Rs.925Mn
Oct 03, 2019 (LBO) – Access Engineering PLC has bought 100 percent stake of WUS Logistics Ltd. The shares were bought at for 925 million rupees, the …
MTD Walkers (KAPI) loses another billion, equity wiped out
October 2, 2019 (LBO) – Embattled construction firm MTD Walkers (KAPI) has reported a loss for the June quarter of approximately Rs1bn, and its equity …
IOSCO launches World Investor Week to promote investor education
Sep 30, 2019 (LBO) – The International Organization of Securities Commissions (IOSCO) today launched its third annual World Investor Week (WIW) following its …
Developing human capital key for SL’s to become upper-middle-income economy
Sep 27, 2019 (LBO) – Sri Lanka needs to invest in people to unlock its productive potential, a senior official said. “People are the most valuable …
Fitch affirms Sri Lanka at ‘B’; outlook stable
Sep 27, 2019 (LBO) – Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Stable …
IMF says end-June fiscal target missed by a large margin; earlier targets no longer within reach
Sep 25, 2019 (LBO) – The International Monetary Fund (IMF) says that the protracted impact of the 2018 political crisis and the Easter attacks are …
IMF reaches staff level agreement on sixth review of Sri Lanka’s Extended Fund Facility
Sep 25, 2019 (LBO) – International Monetary Fund (IMF) says that the Sri Lankan authorities are taking steps to complete all the pending actions and …
Economist Deshal de Mel joins Verité Research
September 24, 2019 (LBO) – Press Release Former Advisor to the Finance Minister and economist Deshal de Mel joined Verité Research as a Research …
Sri Lanka headline inflation increased in August; core inflation declined
Sep 24, 2019 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 3.4 …