Business The Central Bank of Sri Lanka today said that its Financial System Stability Consultative Committee (FSSCC) has been reconstituted with eminent personnel in…
Business There is an acute scarcity of kerosene cookers in the Pettah market due to the sudden and colossal price increase of cooking gas, the Pettah United National…
Business Loses nearly a billion dollars as CB retires bulk of foreign debt obligations due this year SL now has only US$ 607.3mn worth foreign currency debt due for…
Business The government is to give priority to import electric vehicles in the future as a measure to reduce air pollution in our country, Environment Minister Mahinda…
Business Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, but the medium-term outlook is clouded by pre-existing macroeconomic weaknesses and the…
Business The Central Bank says the Parate Execution and forced repossession of leased assets up to March 31, 2022, for pandemic-affected borrowers will be suspended…
Business The Central Bank, under the instructions of newly appointed Governor Ajith Nivard Cabraal, will take such steps among others to replenish dwindling foreign…
Business The 100 percent cash margin rule on non-essential imports will be removed with immediate effect, the Central Bank Governor Ajith Nivard Cabraal said.…
Business In an effort to increase Foreign Direct Investments (FDIs) into the country, the government has pitched Sri Lanka as a feasible destination for investments to…
Business Local banks on their own have started implementing a set of measures on limiting foreign currency transactions via debit and credit cards due to the volatility…
Business Bloomberg - Sri Lanka’s new central bank governor said he will soon unveil a roadmap to ensure economic and financial stability as the nation faces depleted…
Business The Sri Lanka Retailers Association (Guarantee) Ltd (SLRA), recently entered in an MOU with the Ceylon Chamber of Commerce to organize the island’s premier…
Business The Central Bank of Sri Lanka (CBSL) announced today its decision to impose a 100 percent cash margin deposit requirement against the importation of selected…
Business Around 35 acres of land out of 40 acres of the Welikada Prison premises in Borella will be set aside for investments after the prison complex is moved to…
Business Sri Lankan government has lost a total revenue of Rs 1,600 billion this year due to COVID-19 pandemic, Finance Minister Basil Rajapaksa told Parliament today.…
Business The Colombo Stock Exchange’s All Share Price Index (ASPI) surpassed 9,000 points today (Sep. 01). The ASPI closed at 9,163.13 points as at the end of the day,…
Business In an effort to enhance the nation’s digital financial landscape in the wake of the COVID-19 pandemic, Sri Lanka’s leading private sector bank HNB PLC recently…
Business Sri Lankan reserves have been strengthened by the receipt of influx of USD 787 Million from the International Monetary Fund (IMF) and USD 150 Million from…
Business Confers awards for ‘Best SME Bank’ in Sri Lanka and ‘Best Foreign Bank’ in Bangladesh in 2021 The Commercial Bank of Ceylon has been declared the ‘Best SME…
Business Use of Electronic Fund Transfer Cards (EFTCs) for Payments in Foreign Exchange It has been brought to the attention of the Central Bank that messages are being…
Business Sri Lanka received US$ 780 million Special Drawing Rights (SDR) from the International Monetary Fund (IMF), an official said. The IMF allocated SDRs of US$ 650…
Business As a surge in online transaction volume is expected with the rise in Covid-19 cases and casualties in the country, Minister Development Co-ordination and…
Business Business operations of at least 31 cities across the country have been suspended as of today while another 15 cities have suspended operations today due to the…
Business A Sri Lankan online retailer is selling firewood online and reportedly had sold more than 1000 bundles of firewood, as the country was facing an acute scarcity…