Tag: Sri Lanka

Oct 16, 2014 (LBO) – Malaysian Export Import (EXIM) bank said that they are looking at opportunities in investing and helping with the rapid economic development in Sri Lanka. We are very much delighted to be here, Adissadikin Bin Ali, President and the Chief Executive of EXIM Bank Malaysia said. I have seen very impressive […]

Oct 13, 2014 (LBO) – Sri Lanka needs a credit rating system especially for the small and medium businesses to have easy access to finance, said Saman Kelegama, director of the Institute of Policy Studies, a think tank. Access to finance remains a key constraint for SME’s growth, with a one trillion dollar credit gap […]

Oct 13, 2014 (LBO) – Sri Lanka’s small and medium enterprises are encouraged to partner with big companies, so they could take advantage of consumer market and finance. The forum has organized by the Ceylon Chamber of Commerce who will bring together all stakeholders in the SME sector including policy makers, banks, service providers, technocrats […]

Oct 11, 2014 (LBO) – Sri Lanka’s Department of Pensions launches a digital identity card for pensioners in partnership with Sampath Bank, a private lender in the island, the bank said in a media release. The official launch of the card held 9th September 2014 at Pensioners ’Resort in Kelaniya with the participation of over […]

Oct 11, 2014 (LBO) – Sri Lanka is estimated to have received about 1.3 billion US dollars of foreign direct investment by October 2014, investment promotions minister Lakshman Abeywardene said. There will be 23,600 new jobs created if these FDI’s successful. BOI enterprises have exported 4.84 billion US dollars’ up to October worth of goods […]

Oct 10, 2014 (LBO) – Sri Lanka’s Central Bank has requested all banks who are participating in the Credit Guarantee Scheme supported by the Government to reduce the applicable interest rate for such pawning advances to 12 per cent from the current rate of 15 per cent, with immediate effect. At present, 12 banks have […]

Oct 09, 2014 (LBO) – Sri Lanka’s exports rose 7.9 percent, to 991.3 million US dollars in August 2014 from a year earlier with 85.6 percent contribution of apparel exports, official data showed. Apparel exports grew 17.0 percent to 428.6 million US dollars in August 2014, the Central Bank said. Exports of machinery and mechanical […]

Oct 03, 2014 (LBO) – Sri Lanka Central Bank Governor Nivard Cabraal held a question and answer from public on 24th September, 2014 via twitter, a social network. The live Q n A session took place via twitter account of #askcbsl at 10 am to 11 am (SL time). Media Release by Central Bank of […]

Oct 01, 2014 (LBO) –Sri Lanka inflation continued its decelerating trend observed since June 2013 and reached 4.2 per cent in September 2014 from to 4.5 per cent in August 2014, on an annual average basis the Central bank of Sri Lanka said in a media release. The data is based on the change in […]

Sep 26, 2014 (LBO) – Asian economies, having reaped substantial gains from global value chains in the past 25 years, can extend these gains if governments and business work together to reduce tariffs and non-tariff trade barriers, and improve logistics and transport infrastructure, says a new Asian Development Bank (ADB) report. •GVCs thrive only where […]

September 26, 2014 (LBO) – Sri Lanka to get 800 million US dollar loan facility which approved by Asian Development Bank yesterday to fund rural and national road upgrades in six provinces in order to improve access of remote communities to markets, services, and jobs, the bank said in a media release. Providing all-weather road […]

Sep 26, 2014 (LBO) – Sri Lanka’s exports have surged by 14.3 percent to 7.34 billion US dollars in the first eight months of 2014 in comparison to 2013 January-August official of Industry and Commerce of Sri Lanka said. The eight months increase of 2014 have been led by agricultural products at 1.778 billion dollars […]