‘Manufacturing in 2020: Connecting machines to networks and companies to end-consumers’
Antony Bourne – President- IFS Industries While change is buffeting the industrial manufacturing industry from a number of directions, the most …
Economy & Markets
Business suspension of Perpetual Treasuries extended
Jan 06, 2020 (LBO) – Monetary Board of the Central Bank of Sri Lanka has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying …
Business as usual isn’t the future of Ecommerce
Ecommerce is an ever-expanding world and there are many contradictory articles online regarding the future of Ecommerce. Whilst many discuss the proliferation …
New inclusions & exclusions of MBSL MIDCAP Index 2020 announced
Jan 02, 2020 (LBO) – New inclusions and exclusions of the MBSL MIDCAP Index 2020 have been announced. Accordingly, HNB Assurance, Sanasa Development Bank, …
Sri Lanka bans Ethanol importation for liquor production
Jan 01, 2020 (LBO) – Sri Lanka’s Ministry of Finance and Planning has decided to suspend the importation of Ethanol from other countries. The Finance …
IRD issues circular to banks about new Withholding Tax structure
Jan 01, 2020 (LBO) – Sri Lanka’s Inland Revenue Department has issued a new circular to banks and financial institutions detailing the new Withholding …
CSE indices comparison for 2019: ASPI up 1.3-pct, S&P SL20 down 6.3-pct
Dec 31, 2019 (LBO) – Colombo Stock Exchange ended the year 2019 on Tuesday with a positive note, rounding up the gain of All Share Price Index (ASPI) by 1.27 …
First Capital Research trims down its rate cut probability to 50-pct
Dec 24, 2019 (LBO) – Considering the recent major policy changes, First Capital Research has trimmed down its rate cut probability to 50 percent from the …
W D Lakshman appointed new Governor of Sri Lanka’s Central Bank
Dec 24, 2019 (LBO) – Professor W D Lakshman has been appointed as the new Governor of Central Bank of Sri Lanka. An official at the Central Bank told LBO …
Sri Lanka nationwide inflation decreased in November
Dec 24, 2019 (LBO) – Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index decreased to 4.1 …
CA Sri Lanka, CMA & SAFA launches Digital Competency Maturity Model for SMPs
Dec 23, 2019 (LBO) – With digitization expected to have profound implications on Small and Medium-Sized Practices (SMPs), the South Asian Federation of …
Sri Lankan authorities dispute revision of outlook to Negative by Fitch Ratings
Dec 19, 2019 (LBO) – Sri Lankan authorities stress that the recent rating action by Fitch Ratings to revise the country’s Outlook to ‘Negative’ has …
Sri Lanka records 2.7-pct growth in third quarter of 2019
Dec 19, 2019 (LBO) – Sri Lanka’s national accounts estimates of the third quarter still reflect the impact of ‘Easter Sunday Attack’ especially in …
Cabinet appoints 4-member committee to study MCC compact
Dec 19, 2019 (LBO) – Sri Lanka’s cabinet has decided to appoint an expert committee to study and look into the issues of the MCC compact and report back to …
Sep quarter earnings declined by 9.6-pct for 264 companies: FC Research
Dec 19, 2019 (LBO) – Sri Lanka’s First Capital Research says that quarterly earnings have been dipped for listed companies amidst weaker consumer …
Fitch revises Outlook on Sri Lanka to Negative; affirms at ‘B’
Dec 19, 2019 (LBO) – Fitch Ratings has revised the Outlook on Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from …
Sri Lanka’s Multi Purpose Development Task Force to be launched on January 15
Dec 18, 2019 (LBO) – Sri Lanka’s government is to launch the programme of generating 100,000 employment opportunities for poor families, on January 15, …
Opinion: Gender dimension of remittances to Sri Lanka: Who remits more?
Bilesha Weeraratne Remittances are often considered a stable and a reliable source of development financing. In 2018, remittances to Sri Lanka totaled to USD …
World Bank approves USD25mn loan to strengthen public sector efficiency in Sri Lanka
Dec 18, 2019 (LBO) – The World Bank on Tuesday approved a 25 million dollar loan to Sri Lanka to improve the transparency and efficiency of core government …
Sri Lanka economy boosted after election by local investor activity: ICRA
Dec17, 2019 (LBO) – Sri Lanka’s overview activities in the economy improved post presidential election driven by positive sentiments from the local …