Simmering ethno-religious tensions in Sri Lanka must not be ignored, says UN rights expert

Sri Lanka, Aug. 26 -- Simmering ethno-religious tensions in Sri Lanka require urgent action by the authorities to strengthen respect for freedom of religion or belief in Sri Lanka, says UN Special Rap... Read More

Allianz Lanka appoints Nihal Handunge as Deputy CEO for Life Insurance arm

Sri Lanka, Aug. 26 -- The board of directors of Allianz Lanka recently announced the appointment of Nihal Handunge as the Deputy CEO for Allianz Life Insurance Lanka Limited. With this new appointment... Read More

Foreign institutional bond selling spikes amid CBSL rate cuts

Sri Lanka, Aug. 24 -- The 2018-2019 foreign exodus from Sri Lanka's government bond markets has picked up speed in recent weeks with total net outflows for the 2018-2019 period now totalling over Rs20... Read More

Central Bank to announce timeline for banks to reduce market lending rates

Sri Lanka, Aug. 23 -- Sri Lanka's Central Bank with the expectation of reducing all market lending rates in line with the reduction already observed in deposit interest rates, will announce specific t... Read More

Rupee depreciation pressure experienced during past few days to be short-lived: Central Bank

Sri Lanka, Aug. 23 -- Sri Lanka's Central Bank expects the rupee depreciation pressure experienced during the past few days, to be short-lived. The Sri Lankan rupee appreciated against the US dollar ... Read More

Central Bank decides to reduce SDFR & SLFR by 50bps; SRR unchanged

Sri Lanka, Aug. 23 -- Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 50 basis points to 7.00 percen... Read More

Moody's revises its growth forecasts for 16 Asian economies

Sri Lanka, Aug. 23 -- Moody's Investors Service in a newly released report has revised downwards its GDP growth forecast for 16 economies in Asia Pacific. Of the 16, Hong Kong and Singapore have show... Read More

Ceylinco Life reports 6-month net income of Rs.14.7Bn

Sri Lanka, Aug. 22 -- Sri Lanka's Ceylinco Life reported a six month net income of 14.7 billion rupees with a premium income up 5.7 percent to 8.8 billion rupees. The company's investment income grew... Read More

Fitch revises outlook on Singer Sri Lanka to negative; affirms at 'A-(lka)'

Sri Lanka, Aug. 22 -- Consumer-durables retailer Singer (Sri Lanka) PLC's National Long-Term Rating has been revised to negative from stable, a statement said. Issuing a statement Fitch Ratings said ... Read More

Sri Lanka headline inflation marginally increased in July

Sri Lanka, Aug. 22 -- Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI) increased marginally to 2.2 percent in July from 2.1 percent in ... Read More