Economy
EDB: Exports a near Billion Dollars in August 2020
EXPORTS A NEAR BILLION DOLLARS FOR THE 3RD CONSECUTIVE MONTH IN A ROW - EXPORT PERFORMANCE IN AUGUST 2020 Economy News | EDB: Sri Lanka’s exports during the month of...
Read moreInvestors who acquire shares now would make substantial capital gains very soon – Ajith Nivard Cabraal
Economy News | Colombo: State Minister of Finance and Capital Markets Ajith Nivard Cabraal told stockbrokers that "Sri Lankan investors who acquire shares now would make substantial capital gains very...
Read moreInflation decreased in August 2020
Economy News | Colombo: Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) decreased to 4.1 per cent in August 2020 from...
Read moreAverage land prices in Colombo increased by 7.1 percent in first half of 2020
Economy News | Colombo: According to the biannual Land Price Index compiled by Central Bank of Sri Lanka, land prices in Sri Lanka's commercial capital Colombo averaged 7.1 per cent...
Read moreNCPI based Inflation decreased in July 2020
Economy News: Headline inflation as measured by the year on- year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased to 6.1 percent in July 2020 from 6.3...
Read morePurchasing Managers Index activities continued to expand in July 2020
Purchasing Managers' Indices for both Manufacturing and Services activities continued to expand in July 2020, compared to June 2020 benefitting from the normalizing of economic activities Reflecting that manufacturing activities...
Read moreSri Lanka’s exports have surpassed the $ 1 billion mark in July – EDB
Economy News: Sri Lanka’s exports have surpassed the $ 1 billion mark in July after six months time period where a similar achievement was only recorded in January during this...
Read moreEconomic growth to pick up in 3Q and 4Q – ICRA Lanka
Economy News: ICRA Lanka’s projections show that the economic growth is recording better performance in 3Q and 4Q. It expects that the CBSL would maintain an accommodative monetary policy and...
Read moreHeadline inflation increases to 4.2% in July 2020
Economy News Sri Lanka: Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 increased to 4.2% in July 2020 from 3.9% in...
Read moreCCPI inflation increased to 4.2-pct in July 2020
Economy News Sri Lanka: Headline inflation as measured by the year-on-year change in the Colombo Consumer Price Index (CCPI) increased to 4.2 percent in July from 3.9 percent in June,...
Read moreMoody’s announces completion of a periodic review of ratings of Sri Lanka, Government of
Economy News Sri Lanka: Moody’s Investors Service reviews all of its ratings periodically in accordance with regulations -- either annually or, in the case of governments and certain EU-based supranational...
Read moreInflation June 2020 increases to 6.3% – CBSL
Economy News Sri Lanka: Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 6.3% in June 2020 from 5.2% in...
Read moreMoody’s: Airline industry disruption due to Covid-19 has far-reaching effects
Economy News: The global airline industry has been disproportionately affected by COVID-19 and is one of just a few industries that saw more than 90 percent of demand fall within...
Read moreWorld facing bankruptcy time bomb: study
Economy News: Governments around the world are scrambling to save companies battered by coronavirus lockdowns but the world is nevertheless facing a massive surge in bankruptcies by a third, a...
Read moreEDB: The Bounce Is Back – Export Performance June 2020
Economy News Sri Lanka: Earnings from merchandise exports rebounded in June 2020 to US $ 906.02 Mn as per the Customs statistics, with the export sector progressively commencing actions following the...
Read morePMI increased significantly in June 2020 recording 67.3% compared to May 2020 – CBSL
Economy News Sri Lanka: Benefitting from the normalizing of economic activities in the country following the complete relaxation of restrictions for mobility, the Manufacturing PMI increased significantly in June 2020...
Read moreSri Lanka trade deficit narrows in May 2020 as exports rebound
Economy News Sri Lanka: The external sector showed signs of stabilisation, with the removal of most lockdown measures in the second week of May 2020. The impact of restrictions on...
Read moreMonetary Policy Review: Central Bank Lending Facility Rate further reduces by 100 basis points
Financial News Sri Lanka: The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 08 July 2020, decided to reduce the Standing Deposit Facility Rate...
Read moreFitch Affirms National Ratings of Four Sri Lankan Finance Companies; One on Rating Watch Positive
Fitch Ratings has affirmed the National Long-Term Ratings of the following four Sri Lankan finance and leasing companies: -AMW Capital Leasing And Finance PLC (AMWCL) at 'BBB(lka)'; Outlook Negative -Abans...
Read moreMoody’s – Slow Libor transition prolongs risks across markets
Alternative reference rates are gradually replacing Libor in new contracts but it is still being used, so associated risks persist Some existing contracts will likely prove incapable of transition, particularly...
Read moreWorld Bank downgrades Sri Lanka to lower-middle income country
Economy News Sri Lanka: The World Bank has downgraded Sri Lanka from an upper-middle income country to a lower-middle income one from 1 July. The move comes under the World...
Read moreCentral Bank approved Rs. 53 billion for 20,240 COVID-19 Stimulate Businesses
Economy News Sri Lanka: The Central Bank, in consultation with the Government of Sri Lanka, has introduced the Saubagya Covid-19 Renaissance Loan Scheme to provide working capital loans at 4%...
Read moreIMF: Asia’s economy will shrink ‘for the first time in living memory’ due to the coronavirus
Economy News Sri Lanka: Asia’s economy is expected to shrink this year “for the first time in living memory,” the International Monetary Fund said, warning that the region could take...
Read moreHeadline inflation declined further to 3.9 percent in June 2020
Economy News Sri Lanka: Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) declined to 3.9 percent in June 2020 from 4.0...
Read moreSri Lanka’s External Strains Set to Persist Beyond Elections: Fitch Ratings
Economy News Sri Lanka: Sri Lanka’s stressed external liquidity position is set to remain a weakness for the country’s credit profile, says Fitch Ratings. Policymakers may be able to offer...
Read moreSri Lanka: COVID-19 Emergency Response and Health Systems Preparedness Project Additional Financing (AF)
Economy News Sri Lanka: The World Bank Board of Executive Directors Monday approved additional financing for Sri Lanka’s COVID-19 Emergency Response and Health Systems Preparedness Project. The project will receive...
Read moreMerchandise exports in May gas bounced back to US$ 602 Mn
Economy News Sri Lanka: Merchandise exports for the month of May 2020 has bounced back to US$ 602 Mn, compared to the previous month of April which was only US...
Read moreHeadline inflation decreased further to 5.2 percent in May
Economy News Sri Lanka: Headline inflation as measured by the year-on-year change in the National Consumer Price Index decreased further to 5.2 percent in May from 5.9 percent in April....
Read morePMI recorded a noticeable bounce in May 2020 reaching to 49.3
Economy News Sri Lanka: Manufacturing sector PMI recorded a noticeable bounce in May 2020 reaching to 49.3, which is an increase of 25.1 index points, from the all-time low of...
Read moreThe Central Bank of Sri Lanka Implements New Credit Schemes to Support the Revival of the Economy
Economy News Sri Lanka: Growth of the Sri Lankan economy has fallen to dismal levels over the past few years, and the impact of the COVID-19 pandemic may result in...
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