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, …
Markets
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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 …
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 …
Securities and Exchange Commission DG removed with immediate effect
Mar 02, 2020 (LBO) - Securities and Exchange Commission (SEC) Director General (DG) Vajira Wijegunawardane, appointed in 2015 with an overall service to the …
Central Bank to introduce cost-reflective benchmark interest rate instead of SLIBOR
Feb 24, 2020 (LBO) – The Monetary Board of Sri Lanka's Central Bank has decided to discontinue the compilation of SLIBOR with effect from 01 July 2020. The …
FCR upgrades ASPI target for December to 7,500 amidst added boost to economy
Feb 19, 2020 (LBO) – With the recovery in economic activity and company earnings, First Capital Research (FCR) expects an upward trend in the capital market …
SEC commences series of meetings with capital market stakeholders
Feb 19, 2020 (LBO) – Securities and Exchange Commission of Sri Lanka has commenced a series of meetings with capital market stakeholders to discuss issues in …
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share …
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The …
Sri Lanka economy on the mend in 2020 : Will look at new IMF deal
Feb 11, 2020 (LBO) - A revival in economic activity can be expected in 2020 with the support of better fiscal and monetary measures with Sri Lanka also looking …
Sri Lanka official reserves at USD7.5bn by end January
Feb 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,526mn) by the end of January, down from 7.6 billion US dollars …
Ceylon Dollar Bond Fund delivers 10.3-pct dollar return in 2019
Feb 06, 2020 (LBO) – The Ceylon Dollar Bond Fund that invests exclusively in the Sri Lankan government issued International Sovereign Bonds (ISB), and SLDBs …
First Capital Research assigns 80-pct probability for no change in policy rates
Jan 28, 2020 (LBO) – First Capital Research assigns 80 percent probability for no change in policy rates amidst recently provided tax revisions and other …
First Capital Treasuries announces Rs750mn debenture issue
Jan 23, 2020 (LBO) – First Capital Treasuries, the Primary Dealer arm and a subsidiary of First Capital Holdings has announced that it intends to issue …
Viraj Dayaratne appointed as Chairman of SEC
Jan 22, 2020 (LBO) - Additional Solicitor General Viraj Dayaratne PC has been appointed as the Chairman of the Securities and Exchange Commission of Sri Lanka …
Trade deficit narrows marginally in Nov with imports, exports declining
Jan 17, 2020 (LBO) – Sri Lanka's trade deficit contracted marginally in November 2019 (year-on-year), with both imports and exports declining, the latest …
Milford Ceylon buys 19-pct of Softlogic Life
Jan 17, 2020 (LBO) - Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs. 2.6 billion. …
Sri Lanka official reserves improve to USD7.6bn by end December
Jan 09, 2020 (LBO) – Sri Lanka’s gross official reserves were 7,638.5 million US dollars by the end of December last year, up from 7,520.4 million US …
Sri Lanka’s new Banking Act to facilitate banks in Colombo Intl. Financial Centre
Jan 06, 2020 (LBO) – Sri Lanka's Central Bank has initiated drafting a new Banking Act and expects to complete its enactment in 2021. The new Banking Act …