Sri Lanka expects nearly USD 2.65bn forex inflows over next 3 months: Nivard Cabraal
State Minister of Money & Capital Markets Ajith Nivard Cabraal stresses that what is most important is the cash flow, not the Reserve level at a given …
Economy & Markets
Sri Lanka’s Weakening External Finances to Pressure Corporate Ratings: Fitch Ratings
Sri Lankan corporates could face rating pressure should the government further restrict imports amid weakening external finances, Fitch Ratings says in a new …
Sri Lanka records USD 978Mn exports in June 2021; maintains its upward trend
As per the latest statistics released by the Sri Lanka Customs, the export sector performance has been able to maintain its upward trend in June 2021 with …
Moody’s places Sri Lanka’s Caa1 rating under review for downgrade
Moody’s Investors Service (“Moody’s”) has today placed the Government of Sri Lanka’s Caa1 foreign currency long-term issuer and …
In Sri Lanka Cash Transfers Give Essential Support to People Hit Hardest by COVID-19: World Bank
When the first lockdown was imposed in March 2020, Nayani’s financial woes worsened overnight. Struggling with partial loss of sight and Chronic Kidney …
Online platform launched for Sri Lankan exporters seeking access to Chinese market
The Sri Lanka Embassy in Beijing assisted the Hairong Technology Co. Ltd organised the introduction of the “Sri Lanka Platform” along with an …
IFC & FCCISL Work with Businesses to Promote Increased Work-Life Balance
To help close the gender gap and promote greater work-life balance, particularly at a time of COVID-19 impacts, IFC and the Federation of Chambers of Commerce …
Colombo Stock Exchange to review index calculation methodology for ASPI
The Colombo Stock Exchange (CSE) has decided to revisit the methodology of the computation of the ASPI to determine the possibility of index movements being …
June food prices increase by 14.3-pct: Advocata’s Bath Curry Indicator
June Food Prices Increase by 14.3–pct Advocata’s Bath Curry Indicator (BCI) which tracks the monthly changes in the price of food recorded a jump of …
CSE to convert mobile app into a comprehensive investor platform under 2nd phase of digitalization
The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continues to drive digital advancement in Sri Lanka’s …
Former CEA Director General Muthukuda Arachchi joins H2O1 Board of Directors
July 2021 H2O One Pvt Ltd (H2O1) has announced that Mr. Muthukuda Arachchi the former Director General of Central Environmental Authority (CEA) has joined the …
Sri Lanka seeks USD 150Mn loan from ADB for Responsive Vaccines for Recovery project
The Government of Sri Lanka is planning to borrow two loans amounting to USD 150 million from the Asian Development Bank (ADB) to implement the “Responsive …
Sri Lanka’s official reserves remain at USD 4bn level by the end of June
Sri Lanka’s official reserves were 4 billion US dollars (USD 4,027.9mn) by the end of June, unchanged from 4 billion US dollars (USD 4,032.8mn) in May, the …
Local Companies permitted to invest in International Sovereign Bonds in Secondary Market
Sri Lanka’s Finance Minister has issued Regulations, with the approval of the Cabinet to permit companies incorporated in Sri Lanka excluding companies …
CBSL expects 5-pct GDP growth in 2021; inflationary pressures to be addressed with policy intervention
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the …
Issue of Commemorative Coins to Mark 100th Anniversary of Communist Party of China
The Central Bank of Sri Lanka (CBSL) has issued gold and silver commemorative coins of Rupees 1,000, each with same depiction, to mark 65th Anniversary of …
Sri Lanka’s Central Bank inching towards taper tantrum: First Capital Research
First Capital Research believes that there is a 95% probability for policy rates to remain unchanged at the next monetary policy meeting due to the measures …
JAT Holdings announces forthcoming Initial Public Offering
JAT Holdings, Sri Lanka’s trusted industry leader in finishing and furnishing, recently announced the firm’s intention to enter an Initial Public Offering …
Sri Lanka restricts outward remittances for 6 months to preserve foreign exchange position
With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve …
Colombo Stock Exchange Signs MoU with CHEC Port City Colombo
The Colombo Stock Exchange (CSE) and CHEC Port City Colombo signed a Memorandum of Understanding (MoU) to enhance the capital markets in Sri Lanka by taking …