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Colombo Stock Brokers Association defends the decision to temporarily close down the Colombo Stock Exchange

Colombo Stock Brokers Association (CSBA) defends the decision by the Securities and Exchange Commission of Sri Lanka (SEC) to temporarily close down the Colombo Stock Exchange (CSE) for 5 business…

World Bank deeply concerned about the uncertain economic outlook in Sri Lanka and its impact on people

Sri Lanka’s economic outlook is highly uncertain due to fiscal and external imbalances. Urgent policy measures are needed to address the high levels of debt and debt service, reduce the…

Sri Lanka doubles interest rates to check inflation; stabilize the economy

 (Reuters) – Sri Lanka’s central bank on Friday doubled its key interest rates, an unprecedented 700 basis points each, to cushion the rise in inflation caused by a crippling shortage…

Further Policy Tightening in Bracing for Global Spillovers – First Capital Research

Colombo-based independent research house, First Capital Research predicted an 80 percent probability for a policy rate hike at the upcoming Monetary Policy Review Meeting of the Central Bank of Sri…

Ceylon Chamber Pleads Government to Reconsider the Surcharge Tax Bill

The membership of the Ceylon Chamber of Commerce notes serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on…

Dialog Axiata to Incur Rs.3-4 Billion under the proposed one-off “Surcharge Tax”

Sri Lanka’s Dialog Axiata PLC, a subsidiary of Malaysia’s Axiata Group Berhad expects to incur Rs.3-4 billion payment for the proposed one-off “Surcharge Tax” to be levied on large companies.…

ASPI to reach 15,000 in 1Q with negative returns predicted to materialize from 2Q onwards with possible shocks

The main index of the Colombo Stock Exchange (CSE), the All Share Price Index (ASPI) is forecasted to reach the 15,000 mark in the first quarter of the year before…

Monisha Abraham Replaces Nedal Salem as new CEO/MD of Ceylon Tobacco Company PLC (CTC)

Monisha Abraham has replaced Nedal Salem as the new Managing Director (MD), Chief Executive Officer (CEO), and n Executive Director of Ceylon Tobacco Company PLC (CTC) with immediate effect, making…

Stax Secures strategic investment from US-based Blue Point Capital Partners

Stax Inc, an analytically-driven global M&A strategy consulting firm management consultancy with offices in Sri Lanka and the United States secured a strategic investment from a US-based private equity firm, Blue…

Sri Lanka’s Central Bank to Steer Towards a More Hawkish Direction – First Capital

Ahead of the Monetary Policy Review Meeting of the Central Bank of Sri Lanka (CBSL), the First Capital Research predicted a 50% probability for a policy rate hike to prevent…