Sri Lanka to add dollar-denominated board to Colombo Stock Exchange: OBG report
Oct 11, 2017 (LBO) – The Colombo Stock Exchange (CSE) is finalising plans to launch a dollar trading board, part of a broader strategy to develop Sri …
Money
Sri Lanka to modernize financial sector with USD75mn loan
Oct 04, 2017 (LBO) – Sri Lanka’s Finance Ministry on Wednesday signed an agreement to modernize and improve the efficiency of country’s financial sector …
CB says 5-pct tax to be deducted from NRFC interest payments
Sep 27, 2017 (LBO) – Sri Lanka’s Central Bank on Wednesday confirmed that under the new Inland Revenue Act, a 5 percent With Holding Tax (WHT) should be …
Ceylon Index Fund emerges top performer during 1H 2017
Sept 06, 2017 (LBO) – The Ceylon Index Fund (CIF) which invests in blue chips listed on the Colombo Stock Exchange (CSE) was the top performing Unit …
CB suspends Pan Asia Bank primary dealership for 6 months
Aug 15, 2017 (LBO) – Sri Lanka’s Central Bank has suspended business activities of the primary dealer of Pan Asia Banking Corporation (PABC) for a period …
Central Bank & ICTA have no legal deal with Total Pay: Harsha
Aug 11, 2017 (LBO) – Sri Lanka’s National Policies and Economic Affairs Deputy Minister Harsha De Silva told Parliament Friday that neither the Central …
Sri Lanka to share info on money laundering with China, Bhutan
Aug 08, 2017 (LBO) – Sri Lanka will share financial information with China and Bhutan facilitating investigation and prosecution of persons suspected of …
Sri Lanka’s foreign debt USD25.6bn by April: Mid Year Fiscal Report
July 10, 2017 (LBO) – Sri Lanka’s total outstanding external debt was 25.61 billion US dollars (Rs3,886bn) by the end of April 2017, up from 23.1 billion …
Sri Lanka’s Central Bank eyes full inflation targeting: Governor
June 20, 2017 (LBO) – Sri Lanka is planning to adopt a full inflation targeting framework probably by next year, Central Bank Governor Indrajit Coomaraswamy …
Central Bank to stop making payments to wilfully defaced notes
June 16, 2017 (LBO) – Sri Lanka’s Central Bank said it will not make payments to wilfully mutilated, altered or defaced currency notes after the end of …
Central Bank denies banks stopped from accepting Qatari Riyals
June 06, 2017 (LBO) – Sri Lanka’s Central Bank on Tuesday categorically denied that the Central Bank has informed banks not to accept Qatari Riyals. …
Sri Lanka govt borrowed 22-pct less than what parliament approved: Ravi
May 15, 2017 (LBO) – Sri Lanka’s Finance Minister stressed on Sunday that the Government was not on a borrowing spree as claimed by the joint …
Moody’s assigns B1 rating to Sri Lanka’s global bond offering
May 08, 2017 (LBO) – Moody’s Investors Service has assigned a B1 rating to Sri Lanka’s US dollar bond offering maturing in 2027 with a negative …
Sri Lanka foreign reserves down by USD74mn in April
May 08, 2017 (LBO) – Sri Lanka’s official foreign reserves further dropped by 74 million US dollars to 5.04 billion dollars in April, official Central Bank …
Sri Lanka foreign reserves fall to 7-year low in March
Apr 19, 2017 (LBO) – Sri Lanka’s external reserves have fallen to a 6.9 year low after country’s reserves dropped almost 9 percent to 5.12 billion …
CB to start disciplinary action on EPF investments in securities
Mar 28, 2017 (LBO) – The Monetary Board of the Central Bank has decided to commence disciplinary proceedings against any officials of the central bank where …
Sri Lanka foreign reserves up by USD165mn in February
Mar 10, 2017 (LBO) – Sri Lanka’s official reserves rose 165 million US dollars to 5.62 billion dollars in February, up from 5.45 billion dollars at the end …
COPE should inquire transactions of Templeton fund in Sri Lanka: Harsha
Mar 09, 2017 (LBO) – Sri Lanka’s Committee On Public Enterprises (COPE) should investigate the transactions carried out between the US-based Franklin …
Sri Lanka to make govt securities Euroclearable
Feb 23, 2017 (LBO) – Sri Lanka’s cabinet nod has been received to sign a MOU with Euroclear Bank making all existing and future government security …
Sri Lankan rupee steady; under pressure to depreciate
Jan 31, 2017 (Reuters) – The Sri Lankan rupee was steady on Tuesday in dull trade but dealers said the currency was under depreciation pressure with foreign …