SEC Chairman welcomes the budget proposals
Nov 18, 2020 (LBO) – The Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Viraj Dayaratne commended the Budget Proposals presented to …
Markets
Quarterly earnings skid but transportation & materials sectors outperformed: FCR
Nov 14, 2020 (LBO) – June 2020 quarter recurring earnings follow suit of previous quarters by declining 58.0%YoY for 267 companies, First Capital Research …
Sri Lanka’s exports declined to USD 832Mn in October amidst second wave of COVID
Nov 13, 2020 (LBO) – As per the Customs statistics, earnings from merchandise exports have recorded a negative growth of 14.9% in October 2020 to US$ 831.72 …
ICRA: Economy at a glance for 3Q 2020
Highlights 3Q 2020 was shaping up to be the turning point from the depths of economic contraction, but the fast escalation of second wave of Corona infections …
Cabinet approves new orders for ‘Special Deposit Accounts’
Oct 07, 2020 (LBO) – The approval of the Cabinet of Ministers was granted at their meeting held in April 2020 for the issuance of orders under the …
Economists urge decisive action to prevent emerging Sri Lankan debt crisis
Oct 02, 2020 (LBO ) – A panel of eminent economists urged that the Government take credible and decisive action to prevent a painful debt crisis in Sri …
Advocata to live stream session on “How can we improve Sri Lanka’s debt sustainability” today
Sep 30, 2020 (LBO) – The Advocata Institute has launched its latest public policy discussion series ‘DeepDive’. This series commences …
63-pct increase in CDS Account openings since Digitalization
Sep 30, 2020 (LBO) – The Colombo Stock Exchange (CSE) has demonstrated noteworthy performance recording consistent gains in the All Share Price Index of 31% …
SEC, CSE sign MOU with DRP to obtain digital verification of NIC details
Sep 21, 2020 (LBO) – Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) embarked on a progressive national digital …
Colombo Stock Exchange marks the digitalization of Sri Lankan stock market
Sep 17, 2020 (LBO) – Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) have launched the future of stock trading …
Colombo Stock Brokers Association commends appointment of a special minister
Aug 21, 2020 (LBO) – The Colombo Stock Brokers Association (CSBA) extends its congratulations and best wishes to the new government and newly-appointed State …
Probability for a rate cut to discourage LCBs from using SDFR facility: First Capital Research
Aug 19, 2020 (LBO) – First Capital Research (FCR) says that the Central Bank either can choose to hold policy rates steady or cut by 25 bps or 50 bps while a …
Strengthen your brand digitally – with Progressive Web Apps (PWAs).
Being able to settle into a remote work environment hasn’t been the only important aspect of business continuity, after the COVID-19 pandemic. Isolation and …
Sri Lanka gross official reserves rebound to USD 7.1bn in July
Aug 07, 2020 (LBO) – Sri Lanka’s gross official reserves have improved to 7,102.0 million US dollars by the end of July from 6,693.2 million dollars in …
SEC introduces a Framework for Real Estate Investment Trusts (REITs)
In Sri Lanka, owing to spiraling property prices it is a challenge for average citizens to finance real estate investments. Therefore, a significant proportion …
Cloud computing for the future: current trends, what to expect and more.
The industry of software outsourcing in Sri Lanka has long since been garnering demand to deliver products and services that are uniquely focused towards …
Sri Lanka restricts outward remittances on capital transactions for six months
Jul 16, 2020 (LBO) – Sri Lanka’s Minister of Finance with the recommendation of the Monetary Board and the approval of the Cabinet have issued an order …
Sri Lanka gross official reserves at USD 6.7Bn by end June
Jul 09, 2020 (LBO) – Sri Lanka’s gross official reserves stood at US dollars 6.7 billion by the end of June 2020, sufficient to cover 4.2 months of …
Central Bank cuts SDFR & SLFR by 100 bps to induce further reduction in lending rates
Jul 09, 2020 (LBO) – The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility …
H20 ONE Appoints Chaminda Lakmal as Chief Executive Officer
H20 ONE (Pvt) Ltd (H201) announced that they have appointed Chaminda Lakmal as Chief Executive Officer effective from 1st August 2020. Lakmal has over 12 years …