Sri Lanka securities regulator files charges on market manipulation
Jun 26, 2019 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) has filed an action in the Magistrate’s Court against two investors on …
Markets
First Capital upgrades exchange rate outlook for 2019E to LKR 180 from 194
Jun 13, 2019 (LBO) – Sri Lanka’s First Capital Research has upgraded their exchange rate outlook for 2019E to 1 USD: LKR 180 from 194 as their 65 …
US$ 20mn foreign outflow from Sri Lanka’s bonds after CBSL cuts rates
June 8, 2019 (LBO) – Sri Lanka’s government bond market saw net foreign outflows of US$20mn in the week after the Central Bank of Sri Lanka (CBSL) …
Sri Lanka official reserves fall to USD 6.7bn by end May from 7.2bn in April
Jun 07, 2019 (LBO) – Sri Lanka’s gross official reserves were 6,732.4 million US dollars by the end of May, down from 7,212.7 million US dollars in April, …
Foreign flows into Sri Lanka’s stocks/bonds as security situation stabilises
June 1, 2019 (LBO) – Foreign institutions were net buyers of Sri Lankan stocks and bonds in the past week as the security situation in the country …
Central Bank suspends business activities of NatWealth Securities Limited
May 31, 2019 (LBO) – Central Bank having considered the continuous failure to comply with directions applicable to primary dealers has decided to suspend …
Amidst elevated market lending rates, private sector credit contracted notably: CBSL
May 31, 2019 (LBO) – Sri Lanka’s Central Bank on Friday said the market lending rates remained downward rigid, despite the measures already taken while …
World Bank to allocate USD 250mn policy based guarantee to Sri Lanka for external borrowings
May 29, 2019 (LBO) – The World Bank has offered 250 million US dollars worth policy based guarantee to Sri Lanka for the external borrowings, the Central …
Sri Lanka rupee appreciated 3.8-pct against the US dollar up to 28 May 2019
May 29, 2019 (LBO) – Sri Lankan rupee appreciated against the US dollar by 3.8 percent by end March 2019 compared to end 2018. “Along with the …
First Capital Research allocates 95-pct probability for a policy rate cut
May 27, 2019 (LBO) – First Capital Research has allocated a 95 percent probability for a policy rate cut in May 2019 as they are of the view that policy …
Strong possibility of a rate cut; interest rate decline to boost stock market: Capital Trust
May 26, 2019 (LBO) – Sri Lanka’s Central Bank Governor Indrajit Coomaraswamy has hinted a strong possibility of a policy rate cut at the next monetary …
Foreign outflow from Sri Lanka government bonds reverses in past week
May 24, 2019 (LBO) – Foreign investors moved back into Sri Lanka government bonds during the past week slightly reversing significant outflows that were …
Harry J’s shareholding in JKH nears 10%
May 24, 2019 (LBO) – Harry Jayawardena, perhaps Sri Lanka’s wealthiest man, now controls close to 10% of the outstanding shares in Sri …
IMF wants SEC to streamline enforcement program; expedite high-profile criminal actions
May 23, 2019 (LBO) – International Monetary Fund (IMF) advises Securities and Exchange Commission of Sri Lanka (SEC) to streamline the current enforcement …
Sri Lanka official reserves fall to USD 7.2bn by end April; YTD rupee appreciation 3.7-pct
May 18, 2019 (LBO) – Sri Lanka’s gross official reserves were 7,212.7 million US dollars by the end of April, down from 7,621.9 million US dollars in …
Foreigners sell Sri Lanka’s stocks as EPF enters the market
May 17, 2019 (LBO) – Foreign institutional investors were net sellers of Sri Lankan equities for the past three consecutive days as the country’s …
CBSL to resume FX purchases to rebuild net intl reserves to USD6.9bn by end Dec
May 17, 2019 (LBO) – Sri Lanka’s Central Bank said it is committed to rebuild reserves and allow the exchange rate to function as the first line of defense …
Foreigners flee Sri Lankan bonds with Rs11bn outflows this week
May 10, 2019 (LBO) – Foreign institutional selling of Sri Lanka’s government bonds picked up pace in the past week with approximately Rs11bn …
Sri Lanka’s rupee weak as foreigners exit bonds after Easter Sunday terror
May 5, 2019 (LBO) – Money has started to flee Sri Lanka’s bond markets in the aftermath of the devastating ISIS inspired Easter Sunday terrorist …
CSE sees Rs1.5bn net foreign inflow following 4% drop after terror attacks
April 26, 2019 (LBO) – The stock market in Sri Lanka has remained steady following an initial 4% drop in the broader indices after the Easter Sunday …