Central Bank further reduces policy interest rates by 25 basis points
Apr 03, 2020 (LBO) – The Monetary Board of the Central Bank today decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending …
Markets
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 …
Sri Lanka suspends all restrictions on foreign currency inflows
Apr 02, 2020 (LBO) – Sri Lanka’s Cabinet of Ministers has decided to suspend all restrictions on foreign currency inflows into the Island during the …
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 …
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 …
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 …
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 …
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 …
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 …
CSE recovers ASPI and S&P making gains during trading
Mar 12, 2020 (LBO) – The Colombo bourse recovered some of its losses after Wednesdays panic selling which led to the indices falling to an 8 year low, a …
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 …
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 …
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 …
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 …
Policy interest rates of Central Bank of Sri Lanka to remain unchanged
Mar 05, 2020 (LBO) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit …