Sri Lanka Economic Summit 2020: Positive outlook on post-COVID-19 economic recovery
Top economists and business leaders discussed the outlook for the global and local economy during the first session of the Sri Lanka Economic Summit 2020 …
Economy & Markets
Mobile app development frameworks 101: React Native and Flutter.
As a leading technology solutions provider and AWS partner in the country, we’ve been at the forefront of observing numerous digital trends throughout the …
Taxes on essential products: Bringing debate back to where it matters
By Advocata Sri Lanka’s exorbitant taxes on sanitary napkins had the media spotlight over the last few weeks – this is not a new issue. In 2018 the …
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 …
World Bank says SL’s high-level of informal employment a concern
Dec 07, 2020 (LBO) – Around 70 percent of Sri Lanka’s workforce are informally employed and there are generally three reasons to be concerned about …
SL Central Bank Governor W D Lakshman speaks at Economic Summit 2020
Dec 02, 2020 (LBO) – Governor of Sri Lanka’s Central Bank W D Lakshman says Sri Lanka pushing up investor confidence with strong political …
Standard Chartered supports SL’s economic recovery via financing facilities for PPE manufacturers
Dec 02, 2020 (LBO) – Standard Chartered Sri Lanka announced today the facilitation of financing for Industrial Clothing Limited (Midas Safety Sri Lanka) …
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 …
Sri Lanka extends validity period to open Special Deposit Accounts; permission to retain funds
Dec 01, 2020 (LBO) – The government has decided to extend the validity period of opening Special Deposit Accounts (SDAs) up to 07 April 2021 on the …
Govt is bringing in new laws to fully protect investments: President at SL Economic Summit
Dec 01, 2020 (LBO) – Sri Lanka’s government is bringing in new laws to fully protect investments in order to attract more Foreign Direct Investment and …
We will no longer take loans for projects, says Cabinet Spokesman
Dec 01, 2020 (LBO) – Sri Lanka’s government has decided not to take loans for projects, Cabinet Spokesman Keheliya Rambukwella said. Speaking at the …
Sri Lanka to extend restriction order on forex outflows by 6 months
Dec 01, 2020 (LBO) – Sri Lanka’s cabinet of ministers has decided to extend the validity period of the order issued under the Foreign Exchange Act …
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 …
Fitch downgrades Sri Lanka to ‘CCC’, rating based on uncorroborated facts, says Finance Ministry
Nov 27, 2020 (LBO) – Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’. Fitch …
SL can build back better from COVID-19 and realize inclusive, resilient growth
Nov 27, 2020 (LBO) – World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, Faris Hadad-Zervos, completing his first visit to the island …
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 …
Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support for small …
Central Bank introduces maximum interest rate on mortgage-backed housing loans
Nov 26, 2020 (LBO) – Complementing the concessional loans schemes proposed by the Government in the Budget 2021, the Monetary Board of the Central Bank has …
Addressing poverty: Towards empowered Sri Lankan households
2020 has been a profoundly challenging year for Sri Lanka and the world at large with the COVID-19 pandemic causing an unprecedented crisis, so much so that …
Sri Lanka and China discuss consolidating bilateral relations
Foreign Secretary Admiral Prof. Jayanath Colombage together with Vice Minister of the Ministry of Foreign Affairs of China, Luo Zhaohui,chaired the …