Sri Lanka’s exports exceed USD 1Bn for third consecutive month in August
Sri Lanka’s merchandise exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per …
Economy & Markets
CSE implements new OTC Platform to conduct REPO Transactions on Debt Securities
The Colombo Stock Exchange (CSE) announces the introduction of a new Over the Counter (OTC) Platform to facilitate the Repurchase (REPO) Transactions on …
Sri Lanka’s foreign exchange reserves are still low, a credit negative: Moody’s Investors Service
Coupled with limited external financing options and pandemic-related lockdown weighing on the recovery of non-debt generating inflows, the FX reserves data …
Newly appointed CBSL Governor Nivard Cabraal to announce a policy package soon
Central Bank will need to take the required steps that will reflect its own commitment towards economic stability, and will therefore soon announce a policy …
Transparency International Sri Lanka recommends enhanced scrutiny in operation of tax amnesty
Transparency International Sri Lanka (TISL) is deeply concerned regarding the new Finance Act passed on 7th September 2021 that aims to grant tax amnesty for …
Sri Lanka official reserves slightly improve to USD 3.6bn by end August
Sri Lanka’s gross official reserves were 3,550.7 million US dollars by the end of August, up from 2,805.9 million US dollars in July, the latest Central Bank …
High probability that Sri Lanka may consider moving into an IMF program: FCR
First Capital Research believes that there seems to be a high probability that Sri Lanka may consider moving into an IMF program. Though there are rumours of …
Central Bank imposes 100-pct cash margin deposit requirement for non-essential goods imports
The Monetary Board of the Central Bank has decided to impose a 100 percent cash margin deposit requirement against the importation of selected goods of …
Government must take meaningful steps without compromising international friendship: Eran
With the corona epidemic and mismanagement of the economy, the country is now facing a Trinity of crises which cannot be cured by this government due to its …
Sri Lanka calls for Request for Proposals for Foreign Currency Term Financing Facility
The Government of Sri Lanka intends to raise Foreign Currency Term Financing Facility (FCTF) denominated in United State Dollars (USD), Euro, Chinese Renminbi …
Sri Lanka receives USD 787Mn SDR from IMF & USD 150Mn swap from Bangladesh: CBSL
Central Bank on Tuesday officially announced that Sri Lanka received its share of the global SDR allocation by the IMF and the initial disbursements under the …
Headline inflation increased to 6-pct in August 2021
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index, increased to 6.0 percent in August 2021 from 5.7 percent in …
Colombo Stock Exchange requests root cause analysis from System Provider
The Colombo Stock Exchange has requested a root cause analysis from the System provider Iron One Technologies Pvt Limited regarding a disruption to the order …
Emergency regulations on essential food supply declared
As per the powers vested in terms of section 2 of the Public Security Ordinance, President has declared emergency regulations formulated as per section 5 on …
Sri Lanka’s headline inflation increased to 6.8-pct in July 2021
Headline inflation, as measured by the National Consumer Price Index has increased to 6.8 percent in July 2021 from 6.1 percent in June 2021 driven by the …
ASPI surpasses fair value; reduce equity exposure to 65-pct: First Capital Research
With the ASPI surging past the 8,000 mark for the 2nd time in 2021 and taking into account the economic uncertainties that exist, First Capital Research …
First Capital Implements Digital Onboarding for Unit Trusts & Govt Securities for first time in SL
Breaking barriers in the non-bank financial services space, First Capital introduces ’digital onboarding’ to facilitate non-face-to-face Account Opening …
Sri Lanka’s exports surpassed USD 1bn mark in July after four months
Sri Lanka’s exports have surpassed the $ 1 billion mark in July after four months’ time period where a similar achievement was recorded in March during …
No new restrictions for making payments in foreign exchange on credit or debit cards: Central Bank
The public is informed that the Central Bank has not introduced any new restrictions on the use of EFTCs, i.e., credit cards, debit cards and other stored …
Companies mobilize over Rs 75Bn in first 7 months of 2021 via capital market: CSE
The Colombo Stock Exchange (CSE) has showcased a strong growth trajectory in Capital Raising by Sri Lankan corporates of all scales during the first 7 months …