Low interest working capital loan scheme for SMEs under ADB credit line
Small and medium enterprises can avail of working capital loans from banks through a loan scheme facilitated under an existing ADB credit line, the Finance …
Economy & Markets
Colombo Stock Exchange extends trading hours from 01st Nov
The Board of Directors of the Colombo Stock Exchange (CSE), with the consultation of the Securities and Exchange Commission of Sri Lanka (SEC) have decided to …
10 Billion dollars recorded for Exports in 9 months of 2022
Earnings from the merchandise exports increased by 5.75 % y-o-y to US$ 1,093.98 Mn in September 2022 as per the data released by the Sri Lanka Customs. This …
Free-Trade-Agreements essential to enhancing Sri Lankan apparel’s resilience
With fears of a global economic recession looming, the Joint Apparel Association Forum (JAAF) is actively stepping up engagement with top Government and …
Mixed Impact on Rated Sri Lankan Corporates from Macroeconomic Challenges: Fitch Ratings
Rated Sri Lankan corporates in consumer-goods retail, power generation and homebuilding will be among the most affected if the economic crisis deepens or is …
Japan to organize Sri Lanka creditors’ meeting over debt crisis: report
Japan is working to organize a meeting of Sri Lanka’s creditors by the end of this year in hopes of solving the country’s debt crisis, the Japanese Yomiuri …
Ceylon Chamber seeks acceleration of reforms and greater accountability for Govt spend
The Ceylon Chamber of Commerce acknowledges the rationale for the recently proposed tax changes and calls on the Government to show greater restraint, …
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile manufacturer …
Sri Lanka cabinet approves downgrade back to low income country
Cabinet has approved a proposal to downgrade Sri Lanka to "low income" category on the World Bank list with the aim of getting access to concessional funding …
PwC Sri Lanka to aid SL’s financial institutions transition to green financing
Climate change today is affecting the financial system due to its far-reaching impact across all sectors and geographies. As risks associated with …
Sri Lanka’s real GDP is expected to fall by 9.2-pct this year & a further 4.2-pct in 2023: World Bank
Sri Lanka’s economic crisis is deepening with unsustainable debt and a severe balance of payment crisis on top of lingering scars of the COVID-19 …
CCPI inflation would start falling down from this month: CBSL Governor
Sri Lanka’s Central Bank Governor expects that the Colombo Consumer Price Index (CCPI) will start falling down from this month and to follow a disinflation …
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 …
How a country in economic turmoil is still ripe for investors
For businesses in the field of large-scale manufacturing, a critical factor that determines their future and success is a key decision made at their very …
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 …
Keerthi Gunawardane takes over as new President of FCCISL
At the 47th Annual General Meeting of the Federation of Chamber of Commerce & Industry Sri Lanka. (FCCISL) Keerthi Gunawardane was elected as the President …
EU releases Euro 1.5 million to respond to growing humanitarian needs in Sri Lanka
The EU has released €1.5 million in humanitarian aid to respond to the ongoing socio-economic crisis affecting millions of people in Sri Lanka. The new EU …
Earnings from exports increased by 10-pct to USD 1.2Bn in August
Earnings from the merchandise exports increased by 10.24 % y-o-y to US$ 1,213.7 Mn in August 2022 as per the data released by the Sri Lanka Customs. This was …
Exporters pessimistic over outlook on economy and export orders, SMEs more vulnerable to crisis: Report
The latest bi-annual Export Barometer Survey indicates that exporters are increasingly concerned about the implications of the expected contraction of the Sri …
NCPI based headline inflation at 70.2-pct in August 2022
Headline inflation, as measured by the year-on-year change in the National Consumer Price Index increased to 70.2% in August 2022 from 66.7% in July 2022. This …