Money
CSE to conduct national survey to understand public on share investments
Oct 25, 2017 (LBO) – Colombo Stock Exchange (CSE) plans to conduct a national survey to evaluate the understanding of the public on share investments. The …
Mastercard Opens-Up Access to Blockchain API for Partner Banks and Merchants
(PRESS RELEASE) – Provides connections into other Mastercard APIs to create new digital commerce experiences; API to be featured at Money20/20 Hackathon …
PM to introduce liability Mgmt. fund; funds to be raised with transparency
Oct 20, 2017 (LBO) – Sri Lanka’s Prime Minister told Parliament Friday that they will introduce a comprehensive secondary market trading platform and a …
External pressures constrain Sri Lanka’s credit profile: Moody’s
Oct 17, 2017 (LBO) – Moody’s Investors Service says that Sri Lanka’s (B1 negative) significant borrowing requirements and heavy reliance on …
IMF reaches staff level agreement on third review of Sri Lanka’s EFF
Oct 16, 2017 (LBO) – Sri Lanka’s central bank should stand ready to head off pressures on inflation and credit growth while continuing to enhance exchange …
Sri Lanka official reserves down by USD419mn in September
Oct 16, 2017 (LBO) – Sri Lanka’s official reserve assets dropped by 418.55 million US dollars to 7.29 billion dollars in September, official Central Bank …
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 …
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 …