Business LNP - BoI, Port City to seek investments from UAE
As a follow up to Dubai Expo event , Sri Lanka is planning to launch a major investment drive in the United Arab Emirates in March with the involvement of the…
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Business LNP - Record money printing in 2021 as Central Bank-held Treasury bill stock tops Rs.1.4tn
Among the records made last year—most of which didn’t necessarily bring in a sense of achievement—was the record phase at which money was printed, as the…
Business LNP - CPC to form new subsidiary company to develop Trinco oil tank farm
The Ceylon Petroleum Corporation (CPC) is planning to form a new subsidiary company named ‘Trinco Petroleum Terminals Ltd’ to develop the Trincomalee oil tank…
Business LNP - CBSL foreign reserves reach USD3.1Bn: Cabraal
The official reserve position of Central Bank of Sri Lanka (CBSL) has today reached approximately USD 3.1 billion, CBSL Governor Ajith Nivard Cabraal said. "In…
Business LNP - Pause on recovery actions of loans and leases extended till March 31
Extension comes despite CB’s assurance in six-month road map to unwind debt freeze Tourism sector stakeholders have time till June 30, 2022 to start paying…
Business LNP - CBSL increases mandatory foreign exchange sales to 25%
The Central Bank Governor has ordered all licensed banks in the country to sell 25% of converted US dollars to the CBSL on a weekly basis. It came as an…
Business LNP - Banks instructed to offer extra Rs.10 for hard foreign currency conversions
Fresh instructions appear to carry broad based effect, going beyond remittances CBSL earlier asked banks to give Rs.10 extra for worker remittances during…
Business LNP - Inability to open LCs causes milk powder scarcity: Importers
Presently there is a milk powder shortage prevails in the country due to the inability to open Letters of Credit (LCs) through banks, Milk Powder Importers…
Business LNP - Sri Lanka hits back at Fitch Rating over downgrade
The Central Bank of Sri Lanka (CBSL) has denounced the assessment by Fitch Ratings (Fitch) that downgraded Sri Lanka’s international sovereign rating. In a…
Business LNP - Come out of hiding places and tell the truth: Johnston to Gas Company heads
Chief Government Whip and Highways Minister Johnston Fernando today urged the chairmen and top officials of the gas companies to come out of their hiding…
Business LNP - SL requests Pak to ensure timely receipt of promised financial benefits to Priyantha’s family
Sri Lanka has requested the Pakistan Government to ensure timely receipt of financial benefits from the employer and the Government of Pakistan to the family…
Business LNP - If trade union action taken, will join hands with SLTB for alternatives: Railways GMR
The railway trade union action should be taken in a way that would not incur problems for the people and if trade union action is taken, the railway department…
Business LNP - SL to reject latest ship with LP gas, says not up to standard - Sources
The latest ship that arrived in Colombo with LP gas for Litro Company does not comply with the required level of Ethyl mercaptan and because of that the…
Business LNP - Central Bank sells US$ 372mn in Nov. to defend rupee
The Central Bank sold US$ 372.35 million in November to defend the rupee—a record high in recent years—reflecting the seriousness of the foreign currency…
Business LNP - US$ 100,000 raised by Sialkot business community, monthly salary to family: Foreign Ministry
Foreign Minister Prof. G. L. Peiris welcomed the announcement of the donation of US$ 100,000 by the business community in Sialkot and payment of monthly salary…
Business LNP - Govt. to hold import of vehicles and new staff appointments for 2022
The government has decided not to import any vehicles into the country and not to admit any new staff appointments for next year, Finance Minister Basil…
Business LNP - HNB wins two awards at Best Corporate Citizens Sustainability Awards 2021
Continuing its trailblazing legacy at the Best Corporate Citizens Sustainability Awards (BCCSA) 2021, Sri Lanka’s leading private sector HNB PLC was presented…
Business LNP - Recall all unused LPG cylinders currently with dealers & households: CAA to Litro
The Consumer Affairs Authority (CAA) has directed the Litro Gas company to recall all unused LP gas cylinders which were distributed before December 04…
Business LNP - Seeking outside help on bended knees won’t solve SL’s debt woes: Cabraal
Says govt.’s unique approach to current economic woes will transform SL’s external sector and debt profile for better Reiterates reaching out to IMF will not…
Business LNP - LP Gas back in the market with new look
The two main gas companies have decided to issue their new stocks of LP gas cylinders while carrying coloured polythene seals with changed logo colours, the…
Business LNP - Gas cylinders to be released to market from tomorrow
The Consumer Affairs Authority (CAA) said that it has decided to release domestic gas cylinders to the market from tomorrow (05) under three conditions. The…
Business LNP - CB to freeze bank accounts using unlawful money transfer methods
Bank accounts of those who distribute & receive money through unlawful money transfer methods will be frozen with immediate effect, Central Bank Governor…
Business LNP - Sri Lanka will handle debt repayments ’seamlessly’: CB Governor
Sri Lanka is confident of being able to "seamlessly" repay all of its sovereign debt that comes due in 2022, Central Bank Governor Ajith Nivard Cabraal said on…
Business LNP - Growing and export of ganja to be legalised
Legislation will be brought to Parliament shortly to permit the growing and export of ganja as a medicine for a number of noncommunicable diseases, State…