Fitch downgrades Sri Lanka to ‘CCC’, rating based on uncorroborated facts, says Finance Ministry
Nov 27, 2020 (LBO) – Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’. Fitch …
Economy & Markets
SL can build back better from COVID-19 and realize inclusive, resilient growth
Nov 27, 2020 (LBO) – World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, completing his first visit to the island …
Asia Securities wealth management launches new money market fund
Asia Securities Wealth Management (Pvt) Ltd., the investment management arm of Asia Securities, launched the Asia Securities Money Market Fund today. Regulated …
Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support for small …
Central Bank introduces maximum interest rate on mortgage-backed housing loans
Nov 26, 2020 (LBO) – Complementing the concessional loans schemes proposed by the Government in the Budget 2021, the Monetary Board of the Central Bank has …
Addressing poverty: Towards empowered Sri Lankan households
2020 has been a profoundly challenging year for Sri Lanka and the world at large with the COVID-19 pandemic causing an unprecedented crisis, so much so that …
Sri Lanka and China discuss consolidating bilateral relations
Foreign Secretary Admiral Prof. Jayanath Colombage together with Vice Minister of the Ministry of Foreign Affairs of China, Luo Zhaohui,chaired the …
Sovereign bond opportunity is “too good to miss” says new Chair of Ceylon Asset Management
The new Chairman of Ceylon Asset Management (CAM), Mr. Malaka Bandara highlighted “this is a rare opportunity to invest in SL Sovereign Bonds at discounted …
ADB to help SL small and medium-sized enterprises recover from COVID-19
The Asian Development Bank (ADB) has approved a $165 million loan to Sri Lanka to provide immediate financing support for small and medium-enterprises (SMEs), …
CBSL to hold policy rates steady, vow to retain market rates stable: First Capital Research
Nov 24, 2020 (LBO) – First Capital Research believes that CBSL will maintain the same policy stance in this monetary policy review, but given the concerns …
Budget highlights ongoing fiscal challenges; unlikely to significantly boost growth
Nov 23, 2020 (LBO) – Moody’s Investors Service does not expect Sri Lanka’s 2021 budget to provide a meaningful boost to output, while increased …
No other country follows a hybrid accounting system that Sri Lanka follows: Harsha
Nov 22, 2020 (LBO) – Opposition Parliamentarian Harsha de Silva says that no other country in the world follows a hybrid accounting system that the Sri …
Private sector, professional bodies urged to ‘rise to the occasion’ to help spur growth
Nov 20, 2020 (LBO) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) organised the Annual Budget Seminar on Thursday which brought …
Import restrictions are reviewed as we move along, Foreign Minister tells EU Delegation
Nov 20, 2020 (LBO) – Sri Lanka’s Foreign Minister Dinesh Gunawardena emphasizes that the current import restrictions are reviewed as the country moves …
Sri Lanka Automotive Component Manufacturers welcome budget proposals
Nov 19, 2020 (LBO) – The Sri Lanka Automotive Component Manufacturers’ Association has welcomed the 2021 Budget describing it as a ‘new era for local …
European Union Delegation warns Sri Lanka over prolonged import ban
Nov 19, 2020 (LBO) – The current import restrictions are having a negative impact on Sri Lankan and European businesses, and on Foreign Direct Investment, …
Ceylon Chamber welcomes growth oriented National Budget 2021
The Ceylon Chamber of Commerce welcomes the proposals put forward by the Prime Minister in the National Budget 2021 which are business friendly, production …
SEC Chairman welcomes the budget proposals
Nov 18, 2020 (LBO) – The Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Viraj Dayaratne commended the Budget Proposals presented to …
Design consistency in UI and UX – and why it’s important.
consumers continue to depend on their smartphones and digital applications to satisfy their needs, businesses are constantly scrambling to stay on top. Whether …
Budget Review 2021 by First Capital Research
Nov 18, 2020 (LBO) – The Budget for 2021 is focused on supporting the economy amidst massive disruptions to business activity due to lockdowns resulting from …