Restrictions on outward remittances on capital transactions extended by 6 months
Jan 05, 2021 (LBO) – The Central Bank says that the restrictions imposed on outward remittances on capital transactions have been extended by a further six …
Markets
CBSL to establish permanent single-digit interest rate structure in economy
Jan 04, 2021 (LBO) – Capitalising on the achievement of 12-years of single-digit inflation, the Central Bank intends to establish a permanent single digit …
ASPI recorded a growth of 10.5-pct in 2020; market turnover highest since 2011
Jan 01, 2021 (LBO) – The benchmark All Share Price Index (ASPI) of Colombo Stock Exchange (CSE) closed 2020 recording a growth of 10.5%, the highest annual …
Banks suspended from purchasing ISBs of Sri Lanka for three months
Dec 24, 2020 (LBO) – Licensed commercial banks and National Savings Bank are required to suspend the purchase of Sri Lanka ISBs with immediate effect for a …
Central Bank expects rupee to appreciate within next few days
Dec 24, 2020 (LBO) – The Central Bank says it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable. …
Renuka Holding PLC to raise Rs.1Bn via rights issue on CSE digital platform
Dec 08, 2020 (LBO) – Renuka Holding PLC (RHL) has announced plans to raise Rs. 1.031 billion via a Rights Issue closing on the 16th of December to carry …
Private sector an equal partner in economic revival: Dr. Hans Wijayasuriya
Dec 02, 2020 (LBO) – Chairman of the Ceylon Chamber of Commerce has called on the private sector to be an equal partner in securing an accelerated …
Sustainable blue-economy is future of Bay of Bengal region
Addressing a special BIMSTEC public event held on 20- 21 November 2020 in Bangkok, Sri Lanka’s Ambassador to Thailand Samantha K. Jayasuriya said that Sri …
Asia Securities wealth management launches new money market fund
Asia Securities Wealth Management (Pvt) Ltd., the investment management arm of Asia Securities, launched the Asia Securities Money Market Fund today. Regulated …
Sovereign bond opportunity is “too good to miss” says new Chair of Ceylon Asset Management
The new Chairman of Ceylon Asset Management (CAM), Mr. Malaka Bandara highlighted “this is a rare opportunity to invest in SL Sovereign Bonds at discounted …
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 …
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 …