Sri Lanka's Largest Open Newspaper Forum
In a decisive move to strengthen macroprudential policy and mitigate systemic financial risks, the Central Bank of Sri Lanka (CBSL), acting as the Macroprudential Authority, has issued new Directions to licensed financial institutions to impose maximum caps on loan-to-value (LTV) ratios for vehicle-related credit facilities.
Read more
The Railway Department, in collaboration with the Central Cultural Fund (CCF), has launched a new initiative aimed at increasing the appeal of the Nine Arch Bridge in Ella and its surrounding areas to both local and international tourists.
Read more
Sri Lanka welcomed over 100,000 visitors yesterday, pushing the year-to-date (YTD) figure to over 1.26 million arrivals.
Read more
The United States has offered to accept 70 to 80% of products exported from Sri Lanka without imposing any tariffs, Deputy Minister of Economic Development (Prof.) Anil Jayantha Fernando stated.
Read more
Bollywood star Shah Rukh Khan who was scheduled to arrive in Sri Lanka on 2 August, will not visit the country as planned, according to organisers.
Read more
Johann Peries, Sri Lanka’s trailblazing mountaineer, has made history by becoming the first Sri Lankan to complete the ‘Seven Summits Challenge’,
Read more
A Sri Lankan government delegation is set to depart for the United States on Friday (18) to hold negotiations aimed at reducing tariffs on Sri Lankan exports, Foreign Minister Vijitha Herath said today
Read more
The Colombo Stock Exchange (CSE) reached a significant milestone today (11) as the All Share Price Index (ASPI) surpassed the 18,500-points mark for the first time in the capital market’s history.
Read more
The reduction in US reciprocal tariff on exports from Sri Lanka to 30% from previously announced 44% is positive news for local businesses, however the rate is a substantial increase from the existing 10% duty, Economist Dhananath Fernando stated.
Read more