As ‘economic catastrophe’ looms, private sector demands immediate action from policymakers
23 industry associations, representing private sector firms engaged in export, import andlogistics industries warned of catastrophic consequences for Sri Lanka’s economy and the people if the ongoing economic and political…
Sri Lankan stocks slide by nearly 33%, world’s worst losers after Russia
(Bloomberg) : The boom in Sri Lanka’s stocks has turned to bust as a 33% slide renders the market the world’s worst performer this year after Russian equities. The slide in Sri…
Sri Lanka’s Central Bank delays Monetary Policy Announcement over political crisis
The Central Bank of Sri Lanka (CBSL) has delayed the announcement of the Monetary Policy Review decision which was scheduled for tomorrow with the resignation of the CBSL Governor, Ajith…
Sri Lankan shares post worst week ever amid power crisis
Sri Lanka shares had their worst weekly fall ever on Friday, having extended losses to a fifth straight session, with the Colombo Stock Exchange halting trade for a third consecutive…
Sri Lanka’s Central Bank suspends Money Changing permit issued to Prasanna Money Exchange
Considering the complaints received from general public that Prasanna Money Exchange (Pvt) Ltd is offering higher exchange rates, the Central Bank of Sri Lanka (CBSL) has temporarily suspended the permit…
Sri Lanka’s Exterminators become the first-ever pest control firm to be listed on a stock exchange in South Asia & developing world
Exterminators Limited created history yesterday, becoming the first-ever pest control firm to be listed on a stock exchange in South Asia & the developing and emerging world, the company announced.…
Plenty of fish but no catch as Sri Lanka economic crisis bites
(AFP) – The sky and seas off Sri Lanka’s coast are crystal blue but a worsening economic crisis has kept fishermen moored at Negombo harbour, out of gas and unable to…
Sri Lanka’s Central Bank to Cut nearly one-third of its holdings in government securities
Entering into a reverse course in money-printing, the Central Bank of Sri Lanka (CBSL) plans to cut nearly one-third of its holdings (Rs.500 billion) in government securities amidst rising inflation…
Sri Lanka’s economy grows 3.7% in 2021, below Central Bank projection
(Reuters) – Sri Lanka’s economy grew at a slower-than-expected 1.8% in the fourth quarter of the 2021 financial year, taking its full-year growth to 3.7%, data from the government’s statistics department showed on Tuesday. Lower than…
Power cuts and fuel shortages drive ASPI to a five and half-month low
Colombo Bourse dropped down for the second day while recording the highest intraday loss in four and half weeks amidst the uncertainties attached to the aggravated power cuts and fuel…