Category:
JAAF commends industry’s resilience as apparel export earnings rise 30-pct YoY in May
The Joint Apparel Association Forum (JAAF) thanked all industry stakeholders for their outstanding resilience in ensuring that the sector continued to meet its commitments in the face of unprecedented challenges, as apparel export earnings expanded by 30% Year-on-Year (YoY) up to US$ 446 million in May 2022. Accounting for approximately 6% of Sri Lanka’s Gross […]
CBSL further tightens monetary policy stance; increases SDFR & SLFR by 100 basis points
The Monetary Board of the Central Bank has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points to 14.50 percent and 15.50 percent, respectively. Having noted the higher-than-expected escalation of headline inflation recently and the increased persistence of high inflation […]
‘s Finance Minister should resign; he has no plan: Dhammika Perera
Newly-appointed Minister of Investment Promotion Dhammika Perera calls for the immediate resignation of Finance Minister Ranil Wickremesinghe. “Sri Lanka’s Finance Minister plans for a disaster. The Minister of Finance has no plan or appetite to resolve the current dollar crisis,” Perera pointed out. “I think for these reasons, the Minister of Finance should resign.” Perera […]
Transforming Tourism: Revitalizing Sri Lanka’s Tourism to be a Resilient & Inclusive Industry
A serene mist envelope an ocean of luscious greenery and hills, deep in the depths of a stillness that is synonymous with the Sri Lanka’s highlands. About 180 kilometers away from the hustle of the capital city Colombo, so lies Riverston, part of the Knuckles Mountain Range—a popular nature trail and hike among the island’s […]
ComBank ranked among world’s Top 1000 banks for 12th consecutive year
The globally-respected UK magazine ‘The Banker’ has once again included the Commercial Bank of Ceylon in its prestigious ‘Top 1000 World Banks’ ranking, making Commercial Bank the only Sri Lankan bank to be ranked among the elite global giants in banking for 12 consecutive years. This ranking of the global who’s who of banking is […]
SEC overhauls regulations; introduces a Code for Collective Investment Schemes
The Securities and Exchange Commission of Sri Lanka (SEC), the securities market regulator has prepared Rules pertaining to Market Institutions, Market Intermediaries and a Code for Collective Investment Schemes following the enactment of the new Securities and Exchange Commission Act No. 19 of 2021. These Rules which were made in terms of the powers vested in […]
Consular Affairs Division of Ministry of Foreign Affairs Resumes its Regular Services
Considering the heavy demand for Consular Services and in order to provide for the public needs in this regard, the Consular Affairs Division will be open to the public on all weekdays, Monday to Friday commencing July 04, 2022. The Regional Consular offices in Jaffna, Matara, Kandy, Trincomalee and Kurunegala will also follow the same working […]
CCPI-based headline inflation recorded at 55-pct in June; food inflation at 80-pct
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index increased to 54.6% in June 2022 from 39.1% in May 2022 driven by the monthly increases in both Food and Non-Food categories. Accordingly, Food inflation (Y-o-Y) increased to 80.1% in June 2022 from 57.4% in May 2022, while Non-Food inflation (Y-o-Y) […]
Nandalal Weerasinghe Re-appointed as Central Bank Governor
The Central Bank announces that President Gotabaya Rajapaksa has re-appointed Dr. P. Nandalal Weerasinghe as the Governor of the Central Bank for a further term of six years, with effect from 4th July 2022. The relevant appointment letter was handed over to Dr. Nandalal Weerasinghe by President Gotabaya Rajapaksa, at President’s House in Colombo, today […]
Russian Ambassador calls on Foreign Minister Peiris
Ambassador of the Russian Federation to Sri Lanka, Yury Materiy, called on the Minister of Foreign Affairs, Professor G.L. Peiris yesterday at the Ministry of Foreign Affairs. Foreign Minister Peiris and Ambassador Materiy discussed several issues aimed at enhancing the multi-faceted bilateral relations which celebrated its 65th anniversary in 2022. Foreign Minister Peiris briefed Ambassador […]
CFA Capital Market Awards 2022 fetes best in the investment profession
The ninth annual CFA Capital Market Awards, organized by the CFA Society Sri Lanka, was held on Wednesday (29 June) at the Oak Room of Cinnamon Grand Colombo, recognizing and rewarding excellence in the local capital markets, with this year’s event focusing on the theme ‘Blockchain Revolution in Sri Lanka’s Capital Market’. Delivering the opening […]
IMF staff concludes visit to Sri Lanka; discussions to continue for a staff-level agreement on EFF
An International Monetary Fund (IMF) mission team led by Peter Breuer and Masahiro Nozaki visited Colombo from June 20 to 30, 2022 to discuss IMF support for Sri Lanka and the authorities’ comprehensive economic reform program. Anne-Marie Gulde-Wolf, Deputy Director of the IMF’s Asia and Pacific Department, participated in policy discussions. At the end of […]