ITC meets Min of Trade to present e certificate of origin system for SL exporters
Nalin Fernando, Minister of Trade, Commerce and Food Security in Colombo was presented the new Electronic Certificate of Origin (eCoO) system by the …
Economy & Markets
ComBank launches LankaPay cards in Sri Lanka
Sri Lanka’s payment cards domain took a giant leap today when the Commercial Bank of Ceylon in collaboration with LankaPay launched a national credit and …
Domestic debt optimization to be conducted on a voluntary basis based on consultations with major Bondholders
The Authorities are exploring options for a domestic debt optimization (DDO) operation aimed at liquidity relief while preserving financial stability to avoid …
Sri Lanka’s government should make sure that wealthy pay their fair share: Human Rights Watch
The government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms …
Sri Lanka’s exports decreased by 8-pct to USD 1Bn in Feb 2023 compared to Feb 2022
Sri Lanka’s merchandise exports decreased by 8.06 % to US$ 1,005.2 Million in February 2023 compared to February 2022 as per the data released by Sri Lanka …
Govt increasing tax burden on poor and working people on IMF conditions but not taxing capitalists: Eran
Oppositions MP Eran Wikramaratne has alleged that there is a bizarre situation in the implementation of the agreement with the International Monetary Fund, as …
Sri Lanka to announce parameters of external & domestic debt operations before end-April
Sri Lankan authorities are currently exploring options for a domestic debt operation which is aimed at providing substantial liquidity relief to the …
People’s Bank of China to consider renewing swap arrangement with CBSL for another 3 years: report
People’s Bank of China (PBoC) has indicated that it will consider renewing its swap arrangement with the CBSL in 2024 for another three years if there is …
Ceylon Chamber congratulates Govt on securing IMF Program; stresses continued implementation of reforms
The Ceylon Chamber of Commerce congratulates the Government on securing the Extended Fund Facility (EFF) with the IMF. Full Statement We appreciate the efforts …
Wealth transfer tax & inheritance tax to be introduced in Sri Lanka
To reach a primary fiscal surplus of 2.3 percent of GDP by 2025, Sri Lanka will revamp the property tax system and introduce a wealth transfer tax. In …
IMF starts an in-depth governance diagnostic exercise on Sri Lanka, a first in Asia
The IMF is conducting an in-depth governance diagnostic exercise, which will assess corruption and governance vulnerabilities in Sri Lanka and provide …
IMF Executive Board Approves USD3 Bn Under the Extended Fund Facility (EFF) Arrangement
The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an …
Opinion: IMF Programme #17, Takes two to tango
By Daniel Alphonsus Countries never learn from others’ mistakes, they only learn from their own. Sri Lanka is an exception: we don’t even learn from our …
Ceylinco Life retains market leadership for 19th consecutive year in 2022
Ceylinco Life policyholders received a mammoth Rs 18.9 billion in net claims and benefits in 2022, as the Company achieved its 19th consecutive year of market …
Sri Lanka records 7.8-pct negative growth for 2022
The Department of Census and Statistics (DCS) states that the year-on-year GDP growth rate for the year 2022 has been estimated as a 7.8 percent negative …
Eran urges Govt to disclose contents in IMF agreement
Even though the present government said no, the Samagi Jana Balawega emphasized from the beginning that this country needs some sort of agreement and financial …
First Capital maintains domestic debt restructuring probability low at 20-pct
First Capital maintains the domestic debt restructuring (DDR) probability at 20%, highlighting that the domestic debt restructuring probabilities stand low for …
World Bank Group invites public to provide feedback for new country partnership framework
The World Bank Group (WBG) is preparing its new partnership framework with Sri Lanka for the 2023–2026 period. The process involves consultations with a …
Opinion: HNB reiterates importance of developing a national savings culture
HNB Deputy General Manager – Retail and SME Banking, Sanjay Wijemanne As more Sri Lankans face concerns over their personal financial security, and that …
Local-Currency IDR would be downgraded if govt announces plans to restructure or defaults on local debt: Fitch
The Long-Term Local-Currency IDR would be further downgraded if the government announces plans to restructure or defaults on its local-currency debt, says …