Tag: lankabusinessonline

Jan 08, 2014 (LBO) – Sri Lanka expects a US$ 100 billion market capitalization by 2020, the Chairman of Securities and Exchange Commission said yesterday.We hope to see about 7. 5 billion US dollars being raised through the capital market over the next six years which will add another US$ 30 billion as capitalization,” We […]

Jan 07, 2014 (LBO) – Sri Lanka’s Securities and Exchange Commission says, not only the private sector but also State owned Enterprises (SOEs) should be listed on the Colombo Stock Exchange, in order to achieve its USD 100bn market capitalization target by 2020. However, there are several commercial ventures that belong to government which are […]

Jan 05, 2014 (LBO) – Sri Lanka’s Central Bank said the Island reported a Balance of Payment or BOP surplus of 1,400 million US dollars in 2014. Sri Lanka’s exports grew by 10 percent to 11.4 billion dollars in 2014 and imports were up 7.8 percent to 19.4 billion US dollars in 2014. The trade […]

Jan 05, 2014 (LBO) – Sri Lanka’s Regional Development Bank or Pradeshiya Sanwardana Bank to issue debenture to raise 2.5 billion rupees which will be listed on the Colombo Stock Exchange, the bank said in a stock exchange filling. The bank plans to offer about 25 million unsecured, subordinated, redeemable debentures at 100 rupees each. […]

Since the end of the conflict in 2009, Sri Lanka has achieved economic growth above 7 percent on average and a relatively stable macro-economic position. Inflation and interest rates have been low, fiscal deficits have been steadily reduced, balances of payments have been stable, and investment in infrastructure has increased. However, household incomes have not […]

Jan 05, 2014 (LBO) – Sri Lanka’s Rupee was relatively stable amidst the volatility in the international currency market, the Central Bank has said. Now, in the normal condition that we have been used to, all those appreciations would have depreciated,” Nivard Cabraal , Governor of Central Bank said. “But this has taken place at […]

Jan 03, 2014 (LBO) – Sri Lanka’s economy grew about 7.8 percent in 2014, the Central Bank Governor Ajith Nivard Cabraal said. Exports grew 10 percent to 11.5 billion US dollars in 2014. Textile and Garment, Tea and Coconut mainly contributed to the growth in exports. Imports increased 7.8 percent to 19.4 billion US dollars […]

Jan 03, 2014 (LBO) – Sri Lanka’s Governor Nivard Cabraal said that Island’s Samurdhi (prosperity) income re-distribution scheme is mostly politically driven. The poverty headcount ratio have declined and recorded 6.7 percent in 2012/2013 data showed. It was reported 8.9 percent ratio in 2009/2010. In the western province, where infrastructure is plentiful and markets accessible, […]

Jan 01, 2015 (LBO) –Sri Lanka inflation up to 2.1percent in December 2014 from to 1.5 percent in November 2014, the Central bank of Sri Lanka said in a media release. The data is based on the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is computed by the Department of Census and […]

Jan 01, 2015 (LBO) – Sri Lanka’s Colombo stock exchange (CSE) has reported 105,812. 5 million rupees of foreign purchases as at 31st December 2014, the CSE said in a media release. In 2014 the S&P SL20 crossed the 4000 mark for the first time since its launch, market capitalization reached 3 trillion rupees closing […]

June 14, 2011 (LBO) – Sri Lanka’s central bank kept policy rates steady in June, saying credit peaked in April and money supply expansion may ease, and international commodity prices are also stabilizing, which will help inflation.Sri Lanka’s 12 month inflation fell to 8.8 percent in May from 9.8 percent in April and remains one […]