Analysts see a 50% probability for CBSL to maintain the policy rates at its current levels
First Capital Research (FCR) predicts a 50% probability for the Central Bank of Sri Lanka (CBSL) to maintain the policy rates at its current levels at this week’s monetary policy…
Sri Lankan rupee appreciates by nearly 20% aginst USD
As of last As per the Central Bank data, the buying rate of a US dollar was Rs.295.62 while the selling rate was Rs.305.82 according to the Central Bank. In addition,…
Sri Lanka aims to conclude debt restructuring talks before November
Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or November at the latest, its president said on Thursday, adding that the negotiations had made…
Sri Lanka’s macroeconomic situation showing tentative signs of improvement – IMF
An International Monetary Fund (IMF) mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to 23, 2023 to discuss recent economic…
CSE plunges to a 3-month low amidst DDR concerns
The Colombo Bourse wrapped the session up in red as its main index, All Share Price Index (ASPI) commenced the week on a negative note losing 105 points and hitting…
Wan Hai adds Colombo call as Sri Lanka repairs unrest damage
Wan Hai Lines has added a call at Colombo, Sri Lanka, to its Asia-US East Coast service. On 16 May, the newly built 13,000 teu Wan Hai A10 docked at…
Market struggles as economic fear persists on DDR
Bourse extended dull sentiment, down marginally as investors continued to remain on the sidelines over rising concerns over Domestic Debt Restructuring (DDR) and waiting for a clear direction on the…
USAID and ADB Help Power Sri Lanka’s Women in Energy
Women working in Sri Lanka’s energy sector gained a powerful tool this week to promote their advancement in the industry with the launch of the Sri Lanka National Chapter of…
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Corporate Earnings See First Downturn Since 2020 Amidst Economic Crisis
December (2022) quarter earnings declined by 43.9%YoY to Rs.96.4 billion for 281 listed companies on Colombo Stock Exchange (CSE) owing to sluggish performance primarily in the Capital Goods (-82.6%YoY), Transportation…
Analysis-Debt crunch looms for weaker economies with a wall of bond maturies ahead
(Reuters) – A combination of sticky high interest rates and lacklustre global growth could push a number of emerging economies that are facing soaring refinancing needs into debt difficulties next…