SL economy to grow by 1.7-pct:Revenue mobilization fundamental for sustainable fiscal path
Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, says the World Bank in its twice-a-year update, while signaling …
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Sri Lanka local currency ratings raised to ‘CCC+/C’ from ‘SD/SD’; Outlook stable
S&P Global Ratings today raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to 'CCC+/C' from 'SD/SD' (selective default). …
Central Bank reduces Statutory Reserve Ratio by 2-pct to inject liquidity into banking system
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 8 August 2023, decided to reduce the Statutory Reserve Ratio (SRR) applicable on …
Legal tender in Sri Lanka for domestic payments will remain as LKR not INR, clarifies CBSL
The legal tender in Sri Lanka for domestic payments and settlements will remain as Sri Lanka Rupees (LKR) and the authorization of INR as a designated currency …
New Order issued relaxing certain limitations imposed on outward remittances of foreign exchange
With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving the foreign currency reserve …
CFA Society Sri Lanka hosts CEO forum ‘Rebooting Sri Lanka Economy”
A CEO Forum organised by the CFA Society Sri Lanka (CFASSL) was held in Colombo recently with a focus on ‘Rebooting the Sri Lankan Economy - Post-Domestic …
Harsha calls for legislative amendment to protect holders of domestic debt in a possible restructure
Opposition Parties Stand United for Careful Domestic Debt Restructuring In a press conference held at the Leader of the Opposition's office, MP Harsha de …
Ceylon Chamber calls for political and public support for debt restructuring process
The Ceylon Chamber of Commerce stresses the importance of patience and trust in the domestic debt restructuring process. As emphasized by the Central Bank of …
Role of alternative financing mechanisms to address Sri Lanka’s debt overhang
By Imesha Dissanayake The common path followed by almost all IMF member countries in response to sovereign debt crises in recent decades, is to enter into an …
Sri Lanka Prepares for Assessment on Anti-Money Laundering & Countering Financing of Terrorism
President Wickremesinghe addressing the National Law Conference said that Sri Lanka’s next country assessment on Anti-Money Laundering and Countering the …
Sri Lanka Central Bank assures banking sector stability in debt restructuring process
The Central Bank of Sri Lanka (CBSL) has assured the banks that the regulatory stance in the on-going Domestic Debt Optimization (DDO) discussions with …
Fitch Downgrades Capital Alliance Investment Grade Fund to BBf(lka)/S4(lka), Maintains RWN
Fitch Ratings has downgraded Capital Alliance Investment Grade Fund's National Fund Credit Quality Rating to 'BBf(lka)' from 'Af(lka)' and its National Fund …
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 …
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 of the …
Fitch maintains Capital Alliance Investment Grade Fund on Rating Watch Negative
Fitch Ratings has maintained Capital Alliance Investment Grade Fund's National Fund Credit Quality Rating of 'Af(lka)' and National Fund Market Risk …
Sri Lanka’s export earnings decline to 11.3-pct in Jan 2023: Imports down 29.2-pct
• The deficit in the merchandise trade account narrowed in January 2023, compared to a year ago. • Export earnings declined while import expenditure …
RIU to host webinar on achieving debt sustainability and safeguarding social wellbeing
The Research Intelligence Unit (RIUNIT) is hosting the webinar entitled 'lessons from Sri Lanka's sovereign debt crisis' on 22 February 2023, which aims to …
Fitch downgrades Sri Lanka’s Long-Term Local-Currency IDR to CC; affirms RD Foreign-Currency IDR
FitchRatings has downgraded Sri Lanka's Long-Term Local-Currency Issuer Default Rating (IDR) to 'CC', from 'CCC', and has affirmed the Long-Term …
Central Bank of Sri Lanka maintains policy interest rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and …
Transitioning from hawkish to dovish; 75-pct probability for policy rates to remain unchanged: FCR
First Capital Research (FCR) believe that CBSL may consider maintaining the monetary policy rates at its current levels in the upcoming policy review meeting …