Foreign outflows continue to plague Sri Lanka’s capital markets
July 6, 2019 (LBO) - Foreign investors continue to be net sellers of Sri Lankan stocks and bonds with net outflows reaching their highs for the year. Net …
Economy & Markets
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Sri Lanka stocks come alive with S&P SL 20 up 4% for the week
July 5, 2019 (LBO) - The Colombo Stock Exchange (CSE) had one of its better weeks in recent memory with both major indices notching impressive gains for the …
Perpetual Treasuries suspension of business activities extended by 6 months
July 05, 2019 (LBO) – Monetary Board of the Central Bank has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the …
Sri Lanka launches USD2.2Bn LRT project to modernise city dwelling and transportation
Jul 04, 2019 (LBO) - The government launched the Malabe and Colombo Fort Light Rail Transit (LRT) project with the aim of modernising the city's transpotation …
World Bank classifies Sri Lanka as upper-middle income country under new revision
Jul 02, 2019 (LBO) – Sri Lanka has moved up to the upper-middle income category from lower-middle income category under the World Bank’s new country …
SriLankan Airlines incurs to Rs.13Bn loss in first 4 months of 2019
Jul 02, 2019 (LBO) - State-run SriLankan Airlines total loss has increased to 12,961 million rupees in the first four months of 2019, a new report said. The …
Fitch rates Sri Lanka’s USD bonds final ‘B’
July 01, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka's 500 million US dollars, 6.35% bonds due 2024 and 1.5 billion 7.55% bonds due 2030 a final rating …
Sri Lanka public servant pay hike effective from today
Jul 01, 2019 (LBO) - The salary increment and other allowances for public servants proposed by Finance Minister Mangala Samaraweera in his budget 2019 is …
Accountants can assist in implementing effective tax system: Inland Revenue COMNR GEN
Jun 27, 2019 (LBO) – The new Commissioner General of Inland Revenue, Nadun Guruge recently highlighted the important role Chartered Accountants can play in …
Sri Lanka securities regulator files charges on market manipulation
Jun 26, 2019 (LBO) – Sri Lanka's Securities and Exchange Commission (SEC) has filed an action in the Magistrate’s Court against two investors on charges of …
Sri Lanka successfully launches USD bond with over 3 times oversubscription
Jun 25, 2019 (LBO) – Sri Lanka returned to the US dollar bond markets, successfully pricing a new issuance of 500 million dollars 5-year and 1.5 billion …
Sri Lanka launches its National Card Scheme
Jun 24, 2019 (LBO) – The Central Bank of Sri Lanka together with LankaClear (LCPL) achieved a significant milestone in the country’s payment landscape by …
Moody’s assigns B2 rating to Sri Lanka’s proposed senior unsecured USD bonds
Jun 24, 2019 (LBO) – Moody's Investors Service has today assigned a B2 rating to Sri Lanka's proposed senior unsecured US dollar-denominated bonds. The …
Fitch assigns Sri Lanka’s USD bonds expected rating of ‘B(EXP)’
Jun 24, 2019 (LBO) – Fitch Ratings has assigned Sri Lanka's forthcoming US dollar bonds an expected rating of 'B(EXP)'. The rating agency said the expected …
Opinion: Credit to Coomaraswamy – Sri Lanka is economically stable despite political/security challenges
June 24, 2019 (LBO) - Sri Lanka is set to tap the credit markets for the second time this year. A sovereign bond is to be floated at interest rates that are …
Access Engineering (AEL) director sells Rs400mn worth of stock
June 22, 2019 (LBO) - Colombo Stock Exchange (CSE) listed Access Engineering (AEL) in a stock market disclosure reported that a non-executive director had sold …
Moody’s cuts SL GDP forecast to 2.6-pct amid challenges of tourism, debt refinancing
Jun 20, 2019 (LBO) – Moody’s Investors Service have revised down their 2019 real GDP forecast to 2.6 percent from the previous estimate of 3.4 percent …
Sri Lanka GDP accelarates to 3.7-pct in Q1 2019
June 20, 2019 (LBO) - Sri Lanka's economic growth rate is estimated as 3.7 percent for the first quarter of 2019, data from the state statistics office show. …
Sri Lanka CB launch roadmap for sustainable finance
Jun 20, 2019 (LBO) - The Central Bank launched the roadmap for sustainable finance in Sri Lanka and hosted a high-level seminar for senior officers of …
Sri Lanka to raise up to Rs 480bn debt under Active Liability Management Act
Jun 19, 2019 (LBO) – Cabinet nod has been received to move a resolution in Parliament to raise up to 480 billion rupees under the provisions of the Active …