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 …
Markets
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 …
Sri Lanka gross official reserves improve to USD 9.2 bn by end June
July 06, 2018 (LBO) – Sri Lanka’s gross official reserve position is estimated to have improved to around 9.2 billion US dollars by end June 2018, compared …
Central Bank maintains policy interest rates at current levels
July 06, 2018 (LBO) – Monetary Board of the Central Bank, at its meeting held on 05 July 2018, has decided to maintain policy interest rates at their …
Perpetual Treasuries suspension of business extended by 6 months
July 05, 2018 (LBO) – Monetary Board of the Central Bank acting in terms of the regulations made under the Registered Stock and Securities Ordinance and the …
Stocks continue slide to new 2018 lows as turnover dries up
July 4, 2018 (LBO) - The Colombo Stock Exchange continued its 2018 slide as stocks finished at new lows for the year. Both major stock market indices …
Colombo stocks sink to new lows with S&P SL 20 index down 10% for 2018
July 3, 2018 (LBO) - Colombo stocks continued their decline hitting new lows for 2018. Key indices were both lower with the All Share Price Index (ASPI) down …
Selling accelerates as Colombo stocks hit new lows for 2018
July 2, 2018 (LBO) - The markets started the month of July on the same course they have been for the year. The days selloff was slow and steady through the …
Colombo stocks drip lower through the week, foreign selling continues
June 29, 2018 (LBO) - The Colombo Stock Exchange (CSE) continued its slow bleed as stocks closed the week down from the previous period. Both major indices …
CB Governor defends Deputy Governor from unfounded allegations
June 28, 2018 (LBO) – Central Bank Governor Indrajit Coomaraswamy on Thursday issued a special statement defending his fellow Central Banker Nandalal …
Sri Lanka’s outlook remains stable but is conditional on reforms: World Bank
June 28, 2018 (LBO) – World Bank says a challenging domestic political environment has already taken a toll, slowing down some reforms and complicating the …
Anilana (ALHP) investor to make mandatory offer at 18% premium
June 28, 2018 (LBO) - The Securities and Exchange Commission of Sri Lanka (SEC) has approved investment into Anilana Hotels and Properties (ALHP) by …