Sri Lanka’s headline inflation decreased to 5.4-pct in March
Mar 31, 2020 (LBO) – Headline inflation as measured by the year-on-year change in the Colombo Consumer Price Index declined to 5.4 percent in March 2020 from …
Economy
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 …
H2O1 in discussions with the Water Board on feasibility of implementing advanced water treatment technology in Sri Lanka
H2O ONE and its Singaporean technical partner ACE WATER met with Deputy General Manager Lasantha Weerasekara and staff members at the National Water Supply and …
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 …
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 …
Jack Ma Foundation and Alibaba Foundation Donate Medical Supplies to 10 More Asian Nations
The Jack Ma Foundation and Alibaba Foundation today announced plans to donate much-needed medical supplies to 10 more countries in Asia to help the global …
We are in global recession territory: Fitch Ratings
Mar 21, 2020 (LBO) – The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic …
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 …
Central Bank introduces urgent measures to ease pressure on exchange rate
Mar 19, 2020 (LBO) – Sri Lanka’s Central Bank has introduced several measures to ease the pressure on the exchange rate and prevent financial market …
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, …
China grants USD500mn concessionary loan to Sri Lanka
Mar 19, 2020 (LBO) – China Development Bank and Sri Lanka’s Ministry of Finance has signed a 500 million US dollar loan agreement amidst the COVID–19 …
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 …
Sri Lanka Central Bank eases monetary policy further to support economic activity
Mar 16, 2020 (LBO) – The Monetary Board of Sri Lanka’s Central Bank at an urgent meeting held today has decided to reduce the Standing Deposit Facility …
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 …
Fitch Ratings to review Sri Lanka national ratings assigned to tier 2 debt
Mar 11, 2020 (LBO) – Fitch Ratings will review the National Ratings assigned to the issues of Tier 2 debt of Sri Lankan banks and non-bank financial …
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 …
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 …
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 …