Opinion: Central Bank intervention likely to exacerbate foreign selling of Sri Lanka bonds
September 29, 2018 (LBO) - The main subject of discussion on the Colombo cocktail circuit has been the Sri Lanka Rupee (LKR) and its significant recent …
Markets
IMF staff mission concludes visit to Sri Lanka; stresses on reforms
Sept 28, 2018 (LBO) – Authorities should accelerate reforms to strengthen the Sri Lankan economy’s resilience to domestic and external shocks, given still …
Collapse of rupee and yahapalana govt.’s economic mismanagement: MR
Sept 26, 2018 (LBO) - The Rupee has depreciated steadily against the US Dollar ever since the yahapalana government came into power - a trend which has now …
Appropriation Bill to parliament second week of October
Sept 25, 2018 (LBO) - Sri Lanka's cabinet has approved the Appropriation Bill proposed by Finance Minister Mangala Samaraweera, to be presented in Parliament …
Sri Lanka’s rupee hits record lows as Central Bank hold rates
Sept 21, 2018 (LBO) - Sri Lanka’s rupee hit an all time low of 168.65/169.00 to the US dollar at the close of day Thursday down from 167.10 the day before …
Sri Lanka’s CAL facilitates first cross-border share transaction by local investment bank
Sept 19, 2018 (LBO) - Capital Alliance (CAL), recently performed Sri Lanka’s first ever transaction of overseas stocks, a statement said. CAL partnered with …
We are not exporting at least 60 products under GSP+ list of 6,000 items: PM
Sept 14, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe on Friday draw the attention of the country’s top business leaders, the …
$ 360mn flows out of Sri Lankan markets so far in 2018
September 9, 2018 (LBO) - As money moves out of emerging market stocks and bonds all over the world, Sri Lanka is also falling victim to the dangerous trend. …
Sri Lanka stock bellwether JKH trades just Rs30,000 as market turnover dries up
September 6, 2018 (LBO) - The Colombo Stock Exchange had one of its slowest trading days in some time, the day after protests shut down the city. Although …
Sri Lanka rupee hits record low
Sept 05, 2018 (LBO) - The Sri Lanka rupee dropped to a new record low of 163.30 rupees against the US dollar Wednesday in mid after-noon trade. The rupee …
Godahewa says CSE has tanked since he resigned as SEC Chairman
August 30, 2018 (LBO) - Former SEC Chairman Nalaka Godahewa has tweeted that the Stock Market in Sri Lanka performed much better when he was the head of the …
Financial Intelligence Unit enters into MoU with Insurance Regulatory Commission
Aug 28, 2018 (LBO) - In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri …
Foreign investor bond exodus nears $ 300mn; Colombo stocks close week near multiyear lows
August 25, 2018 (LBO) - The Colombo Stock Exchange ended the week near unchanged as indices approach key technical levels. The All Share Price Index (ASPI) …
Fitch maintains negative banking sector outlook for Sri Lanka in 2018
Aug 15, 2018 (LBO) – Fitch Ratings said it maintains a negative banking sector outlook for Sri Lanka as operating conditions remain challenging, which could …
CB Governor says bank deposit and lending rates need to come down
Aug 08, 2018 (LBO) – Sri Lanka's Central Bank Governor Indrajit Coomaraswamy expressed concern on the current deposit and lending rates of the banks. …
CSE finishes the week lower, turnover continues to be extremely poor
August 3, 2018 (LBO) - Major indices at the Colombo Stock Exchange finished the week lower on extremely low levels of total market turnover. For the week, the …
Moody’s affirms Sri Lanka’s ratings at B1; maintains negative outlook
July 26, 2018 (LBO) – Moody's Investors Service has today affirmed the Government of Sri Lanka's foreign currency issuer and senior unsecured ratings at B1 …
Opinion : Financial reporting and the impact on capital market development
By Nandika Buddhipala Introduction The origination of financial reporting can be closely connected to the requirement to collect and record data which evolved …
Colombo stocks up for the week on sluggish turnover, foreign selling continues
July 13, 2018 (LBO) - Colombo stocks finished the week up, snapping the downtrend that persisted for the past several weeks. The All Share Price Index (ASPI) …
First Capital downgrades exchange rate target to 161 rupees for end 2018
July 11, 2018 (LBO) – First Capital Research said they downgraded their exchange rate target from 159 rupees to 161 rupees per dollar for end 2018 since a …