The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Sri Lanka covering the period 2024–2028. The strategy …
The 9th edition of the annual flagship Outlook Report for 2024 by The Ceylon Chamber of Commerce was recently launched at the Economic Outlook 2024 seminar. …
The Central Bank of Sri Lanka introduced restrictions on the usage of the Standing Facilities by the Licensed Commercial Banks (LCBs) under the Open Market …
Sri Lanka, facing internal and external challenges, grapples with the aftermath of its external debt crisis, exacerbating existing economic issues. The Easter …
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 …
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). …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
President Wickremesinghe addressing the National Law Conference said that Sri Lanka’s next country assessment on Anti-Money Laundering and Countering the …
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 Ratings has downgraded Capital Alliance Investment Grade Fund's National Fund Credit Quality Rating to 'BBf(lka)' from 'Af(lka)' and its National Fund …
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 …
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 Ratings has maintained Capital Alliance Investment Grade Fund's National Fund Credit Quality Rating of 'Af(lka)' and National Fund Market Risk …
• The deficit in the merchandise trade account narrowed in January 2023, compared to a year ago. • Export earnings declined while import expenditure …