FCR upgrades ASPI target for December to 7,500 amidst added boost to economy
Feb 19, 2020 (LBO) – With the recovery in economic activity and company earnings, First Capital Research (FCR) expects an upward trend in the capital market …
Economy & Markets
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Sri Lanka foreign reserves show signs of depletion: First Capital Research
Feb 19, 2020 (LBO) – First Capital Research expects Sri Lanka's foreign reserves to fall to around 7 billion US dollars by June this year due to the debt …
SEC commences series of meetings with capital market stakeholders
Feb 19, 2020 (LBO) – Securities and Exchange Commission of Sri Lanka has commenced a series of meetings with capital market stakeholders to discuss issues in …
Sri Lanka trade deficit widens in Dec 2019
Feb 18, 2020 (LBO) - The deficit in the trade account widened in December 2019 to US dollars 784 million, from US dollars 701 million in December 2018, led by …
HNB Finance IPO oversubscribed on opening day
Feb 17, 2020 (LBO) - HNB Finance Limited’s initial public offering through an offer for sale of 10 million ordinary voting shares at 5.70 rupees per share …
National Salaries Commission established to formulate national policy
Feb 14, 2020 (LBO) – A National Salaries Commission has been established to provide guidance and assistance to the Government in formulating and executing a …
Sri Lanka performs poorly on economic freedom: Focus on open trade crucial: Advocata
Sri Lanka currently ranks 104 out of 162 countries for Economic Freedom (Economic Freedom of the World Index, 2019). This is a 7 step drop from last year’s …
Uki offers an alternate route from the Northern Province into the tech industry
By Jekhan Aruliah Does Sri Lanka need more university graduates? Sri Lanka has tens of thousands of unemployed graduates. Every now and then the government …
HNB Finance first IPO since January 2018
HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares. The …
Sri Lanka economy on the mend in 2020 : Will look at new IMF deal
Feb 11, 2020 (LBO) - A revival in economic activity can be expected in 2020 with the support of better fiscal and monetary measures with Sri Lanka also looking …
Effective Leadership for the New Digital Age
Leaders in this new age need to inspire, engage and lead with optimism. Digital leadership is about empowering others to lead and creating self-organized teams …
Primary deficit will widen to 1.9-pct of GDP with new tax cuts & exemptions: IMF Mission
Feb 08, 2020 (LBO) – IMF staff concluding a visit to Sri Lanka said that the country's primary deficit could widen further to 1.9 percent of GDP in 2020, due …
Sri Lanka official reserves at USD7.5bn by end January
Feb 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,526mn) by the end of January, down from 7.6 billion US dollars …
Ceylon Dollar Bond Fund delivers 10.3-pct dollar return in 2019
Feb 06, 2020 (LBO) – The Ceylon Dollar Bond Fund that invests exclusively in the Sri Lankan government issued International Sovereign Bonds (ISB), and SLDBs …
Mobitel & Thuru’s reforestation project shortlisted at GSMA Global Mobile Awards 2020
Mobitel and Thuru’s joint project - ‘Reforestation through Technology’ - has been shortlisted for the ‘Best Mobile Innovation for Climate Action …
Speaker tables annexes & exhibits of Central Bank’s forensic audit reports
Feb 05, 2020 (LBO) – Speaker Karu Jayasuriya on Wednesday tabled the annexes and exhibits of Central Bank’s forensic audit reports. Accordingly, CD copies …
Colombo consumer price based inflation increased to 5.4-pct in January
Feb 01, 2020 (LBO) – Headline inflation as measured by the year-on-year change in the Colombo Consumer Price Index increased to 5.4 percent in January 2020 …
World Bank identifies new areas of cooperation in Sri Lanka
Jan 31, 2020 (LBO) – The World Bank and Sri Lanka has identified several new areas of development cooperation in addition to the World Bank-funded existing …
Central Bank refrains from commenting on contents of forensic audit reports
Jan 30, 2020 (LBO) – Sri Lanka’s Central Bank on Thursday refrained from commenting on the contents of the forensic audit reports as these reports may be …
Central Bank expects economic growth to exceed 4-pct this year
Jan 30, 2020 (LBO) – Sri Lanka's economic growth will exceed 4 percent in 2020 as there has been a notable improvement in business confidence caused by …