Sri Lanka trade deficit shrinks in Feb 2020
May 18, 2020 (LBO) - The deficit in Sri Lanka's trade account widened in February 2020 to 574 million dollars, from 451 million dollars in February 2019, as …
Companies
We cannot allow irrational laws to impede our economy: President
May 15, 2020 (LBO) - President Gotabaya Rajapaksa said that irrational laws should not obstruct the policies formulated to achieve the economic objectives of …
COVID-19 economic impact could reach $USD 8.8TR globally: New ADB report
May 15, 2020 (LBO) - The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross domestic …
Joint committee of SEC & CSE appointed to broadbase capital market awareness
May 14, 2020 (LBO) – The Securities and Exchange Commission of Sri Lanka (SEC) considers it important to identify measures that are required to broadbase the …
Sri Lanka delisted by European Commission from list of high risk 3rd countries
May 12, 2020 (LBO) - The European Commission has de-listed Sri Lanka from its list of High Risk Third Countries with Anti- Money Laundering and Countering the …
Living with (and life after) COVID-19
An article by Tharaka Balasuriya COVID-19 will drastically change the manner in which we live, work, communicate and interact. The degree of change induced in …
CSE trading closes after S&P SL 20 drops over 10-pct
May 11, 2020 (LBO) – The Colombo Stock Exchange (CSE) closed trading for the day after the S&P SL 20 index dropped over 10 percent from the previous …
Emirates Group announces 2019-20 results
Group records 32nd consecutive year of profit of AED 1.7 billion (US$ 456 million) Group revenue of AED 104 billion (US$ 28.3 billion) impacted by …
Colombo Stock Exchange to recommence trading tomorrow
May 10, 2020 (LBO) – The Colombo Stock Exchange will recommence its operations on Monday in line with the decision made by the government to relax curfew …
Central Bank of Sri Lanka further reduces policy rates to support economic activity
May 06, 2020 (LBO) - The Monetary Board of the Central Bank of Sri Lanka, at a special meeting held on 06 May 2020, reviewed the current monetary policy stance …
Resumption of civilian life and office work begins from May 11
May 04, 2020 (LBO) - While the curfew is in force in the districts of Colombo, Gampaha, Kalutara and Puttalam, the resumption of civilian life and state and …
SEC grants relief measures; extends due date for submission of audit reports
Apr 30, 2020 (LBO) – Sri Lanka's Securities and Exchange Commission having taken into consideration the challenges faced by the licensed entities in …
SEC introduces 3-Tiered Circuit Breaker attached to S&P SL20
Apr 30, 2020 (LBO) – Sri Lanka's Securities and Exchange Commission has introduced a Three Tiered Circuit Breaker structure which is to be attached to the …
Mangala asks President to re- summon Parliament to approve public expenditure
Apr 29, 2020 (LBO) - Former Finance Minister Mangala Samaraweera in a letter to President Gotabaya Rajapaksa has urged him to exercise his powers as the Head …
Clearing of vehicles from Hambantota port slow
Apr 28, 2020 (LBO) - The clearance of cars at the Hambantota Port is slow, and the port is concerned that they would not meet the April 30th deadline for …
SL appoints Presidential task force on economic revival and poverty eradication
Apr 23, 2020 (LBO) - President Gotabaya Rajapaksa has appointed a Presidential Task Force in charge of Economic Revival and Poverty Eradication. It has been …
Sri Lankan consumer retail, construction, hotels most affected: Fitch Ratings
Apr 22, 2020 (LBO) – Fitch-rated Sri Lankan corporates in consumer goods retail, construction and hotels will be among the most affected by the coronavirus …
SriLankan Airlines special flights to bring back stranded in India, Pakistan and Nepal
Apr 21, 2020 (LBO) - SriLankan Airlines will operate special flights from India’s Amritsar, Coimbatore, Pakistan’s Karachi, Lahore and Nepal’s …
Opinion: COVID-19 and foreign exchange woes: Can Sri Lanka find a way out?
Bilesha Weeraratne Growing pressure on Sri Lanka’s scarce foreign exchange resources, due to the wide spread of COVID-19 across the globe, is now more real …
Online forum on COVID-19 with Tourism industry leaders by Advocata
Advocata Institute is hosting a panel discussion with tourism industry leaders, Kimarli Fernando (Chairperson, Sri Lanka Tourism), Vipula Gunatilleka (CEO, …