Cumulative workers’ remittances inflows into Sri Lanka declines in the first eight months
Workers’ remittances inflows into Sri Lanka declined sharply for the third consecutive month in August erasing the growth see in remittances inflows in the early months of the year. The…
Outstanding foreign currency borrowings by Sri Lanka’s banks up for the first time in a year
The outstanding foreign currency borrowings of Sri Lanka’s banking sector rose for the first time in a year in the second quarter(2Q2021) in the line with the Central Bank of…
Sharmini Coorey to Retire as Director of the IMF’s Institute for Capacity Development
International Monetary Fund (IMF) Managing Director Kristalina Georgieva today announced that Sri Lankan national Sharmini Coorey who has been the Director of the Institute for Capacity Development (ICD) since 2012,…
Unpacking New Beginnings, Expack Announces Rs 700M IPO
Sri Lanka’s largest corrugated carton manufacturer, Ex-Pack announced an unpacking of a new beginning, through its impending Rs.700 million initial public offering (IPO) for a 25 percent stake in the…
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FCR recommends cutting exposure to equities to 50% amidst expectations on overall Interest rates and tax hikes
First Capital Research (FCR) recommends investors to limit the exposure to equities to 50% or to aggressively shiftportfolio to defensive counters amidst expectations on overall Interest rates rise and a…
Bourse ended in red for the fourth consecutive days
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) today recorded the largest single-day point decline of 328 points as the Bourse ended up closing in red…
Sri Lanka claims $267 billion worth of oil and gas deposits in the Mannar Basin
Sri Lanka has $267 billion worth of oil and gas resources hidden in the Mannar Basin in the North-West of the country where the government stands to gain $ 133.5…
Sri Lanka’s National Inflation Rises to 6.8% in July
Sri Lanka’s Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National ConsumerPrice Index rose to a record high of 6.8 percent in July 2021 from 6.1 percent…
Local Investors Drives CSE to New Heights
Indices at Colombo Stock Exchange (CSE) reached new heights yesterday making robust gains while turnover recorded a high at Rs.10.8 billion surpassing the earlier record set nearly seven months back…
Children in Sri Lanka ranked 61st riskiest globally to the impacts of the climate crisis – UNICEF
Young people living in Sri Lanka are ranked at 61st riskiest globally to the impacts of climate change, threatening their health, education, and protection, according to a new UNICEF report…