Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) – The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for …
Companies
Global equity interest in emerging markets expected to trickle down to CSE: Ceylon Asset Management
Jan 26, 2021 (LBO) – Local investors should exploit attractive valuations of the CSE before a Sri Lanka country rating revision and foreign investor …
CSE issues new guideline for Stockbroker Firms to implement with immediate effect
In consultation with the Securities and Exchange Commission (SEC), the Colombo Stock Exchange (CSE) has issued a set of guidelines on best practices for …
SEC advises investors not to rely on unsolicited stock tips circulated through social media
The Securities and Exchange Commission of Sri Lanka (SEC) has observed that unsolicited messages purporting to be stock tips/ investment advice with respect to …
ASPI crosses 8000 points mark; Hayleys announces subdivision of shares
The All Share Price Index (ASPI) of the Colombo Stock Exchange crossed the key psychological mark of 8,000 today gaining 246.80 points to end the day on …
SEC welcomes market performance; low bank interest rates attract local investors to CSE
The Securities and Exchange Commission of Sri Lanka (SEC) welcomes the record-breaking performance of the Colombo Stock Exchange (CSE). Bloomberg has …
Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, …
ASPI recorded a growth of 10.5-pct in 2020; market turnover highest since 2011
Jan 01, 2021 (LBO) – The benchmark All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) closed 2020 recording a growth of 10.5%, the highest annual …
What the Diaspora can do for Sri Lanka: Chris Ponnadurai, Jetwing Jaffna’s founding General Manager
By Jekhan Aruliah An appreciation on the retirement of a man who fled Sri Lanka’s communal riots in 1984 to settle in Australia, and returned three decades …
Fitch Ratings recalibrates its Sri Lankan National Rating Scale
Dec 22, 2020 (LBO) – Fitch Ratings has recalibrated its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among Sri Lankan …
Supplementary festival credit facility for employees in public and pvt sector
President has directed to provide a Supplementary Festival Credit facility to all interested employees in the public and private sector as well as Samurdhi …
Union Assurance disrupts the future of life insurance with clicklife
Union Assurance PLC, a John Keells Company announces the launch of Clicklife, a turnkey product that offers protection plans in a secure, streamlined, and …
Taxes on essential products: Bringing debate back to where it matters
By Advocata Sri Lanka’s exorbitant taxes on sanitary napkins had the media spotlight over the last few weeks – this is not a new issue. In 2018 the …
Renuka Holding PLC to raise Rs.1Bn via rights issue on CSE digital platform
Dec 08, 2020 (LBO) – Renuka Holding PLC (RHL) has announced plans to raise Rs. 1.031 billion via a Rights Issue closing on the 16th of December to carry …
World Bank says SL’s high-level of informal employment a concern
Dec 07, 2020 (LBO) – Around 70 percent of Sri Lanka’s workforce are informally employed and there are generally three reasons to be concerned about …
SL Central Bank Governor W D Lakshman speaks at Economic Summit 2020
Dec 02, 2020 (LBO) – Governor of Sri Lanka’s Central Bank W D Lakshman says Sri Lanka pushing up investor confidence with strong political …
Standard Chartered supports SL’s economic recovery via financing facilities for PPE manufacturers
Dec 02, 2020 (LBO) – Standard Chartered Sri Lanka announced today the facilitation of financing for Industrial Clothing Limited (Midas Safety Sri Lanka) …
Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya
Dec 02, 2020 (LBO) – Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated …
Sri Lanka to extend restriction order on forex outflows by 6 months
Dec 01, 2020 (LBO) – Sri Lanka’s cabinet of ministers has decided to extend the validity period of the order issued under the Foreign Exchange Act …
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 …