First Capital Research cuts ASPI target to 5,000 for June 2020
Apr 03, 2020 (LBO) – First Capital Research has reduced its ASPI target to a mere 5,000 for June 2020 as earnings of most companies are likely to be negative …
Companies
Central Bank facilitates finance & leasing companies to support businesses
Mar 31, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka has decided to introduce a number of measures to provide flexibility to Licensed …
CSE to remain closed for trading from tomorrow until curfew is lifted
Mar 31, 2020 (LBO) – Colombo Stock Exchange will remain closed for trading from 01 April 2020 until the curfew is lifted, the exchange said in a notice. CSE …
‘A brewing storm’: Economic impact of COVID-19 on Sri Lanka
Kithmina Hewage Over a quarter of the world’s population is currently under movement restrictions. For the first time in recent human history, coronavirus …
Sri Lanka’s President calls on international donor agencies to grant debt moratorium
Mar 25, 2020 (LBO) – Sri Lanka's President Gotabaya Rajapaksa requests international donor agencies to provide a debt moratorium or debt deferment facility …
Sri Lanka announces relief measures as country battles with COVID19
Mar 24, 2020 (LBO) – Sri Lanka's government has announced a number of relief measures to people undergoing various hardships due to the prevailing situation …
CSE trading closed as both indices drop over 5-pct
Mar 20, 2020 (LBO) - Trading at the Colombo stock exchange closed at midday as the S&P SL20 index of more liquid stocks fell 11.90 percent or 262.42 points …
Sri Lanka Govt declares work from home week
Mar 19, 2020 (LBO) - The government has declared a period of work from home for both public and private sectors starting from March 20 to 27, the President's …
6-month debt moratorium only applies to 5 sectors
Mar 19, 2020 (LBO) – The 6-month debt moratorium announced for businesses will only be applicable to the most adversely affected five sectors of the economy, …
BBK Partnership, Jaffna’s accountants to the World
I first heard of the BBK Partnership Sri Lanka in 2015. I first spoke with its co-founder Anandan Arnold in 2018, and finally met him in March 2020 at a …
CBSL requests financial institutions to refrain from engaging in speculative activity
Mar 17, 2020 (LBO) – Sri Lanka's Central Bank requests financial institutions to refrain from engaging in speculative activity which could lead to panic in …
Identify right model to develop the country: President tells researchers
Mar 13, 2020 (LBO) - President Gotabaya Rajapaksa requested the heads of research organizations to find ways and means to uplift a small country like Sri Lanka …
CSE trading halted temporarily as S & P drops below 5-pct
Mar 12, 2020 (LBO) - Trading at Sri Lanka’s Colombo Stock Exchange (CSE) has been halted temporarily for 30 minutes following the S and P index dropping …
SEC to take measures to support stock market
Mar 12, 2020 (LBO) - The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Thursday to assess …
Sri Lanka stocks close down
Mar 11, 2020 (LBO) - Following global markets, the Colombo Bourse took an expected beating Tuesday with both indices tumbling heavily during the initial ten …
CSE trading halted temporarily: Trading to re-commence by 10.12 am
Mar 10, 2020 (LBO) - Trading at Sri Lanka's Colombo Stock Exchange (CSE) has been halted temporarily following the S and P index dropping below 5 percent, …
Women in the workforce and why it matters for Sri Lanka: World Bank
To mark this year’s International Women’s day, we're discussing how Sri Lanka can benefit from more women joining the workforce and what can be done to …
AXIATA digital labs embarks on successful journey as digital service provider
Mar 10, 2020 (LBO) - AXIATA Digital Labs (ADL), a subsidiary of the AXIATA Group, Berhad, Malaysia has emerged as a ground breaking digital start-up providing …
COVID-19 Outbreak to have significant economic impact on developing Asia: ADB
Mar 10, 2020 (LBO) - The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, …
COVID-19 outbreak likely to affect Sri Lanka’s economic performance : Central Bank
Mar 05, 2020 (LBO) - The exact impact on the Sri Lankan Economy would depend on the extent of the global spread of the COVID-19 outbreak, its persistence and …