IMF Staff Reaches Staff-Level Agreement on an EFF Arrangement with Sri Lanka: IMF
IMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka's economic policies with a 48-month arrangement …
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ADB Approves USD 200 Million Loan to Mitigate Sri Lanka Food Crisis
The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, with funds repurposed from other ongoing ADB …
SEC, CSE & CA Sri Lanka to capitalize on synergies to encourage & advance non-financial reporting
The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) and the Institute of Chartered Accountants of Sri Lanka …
CCPI based headline inflation increased to 64.3-pct in August; food inflation increased to 93.7-pct
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index increased to 64.3% in August 2022 from 60.8% …
Lotus Tower to commence operations on 15 September
The operations of the tallest self-supported structure in South Asia, the Lotus Tower, is planned to commence operations from the 15th of September. …
Sri Lanka strikes staff-level pact with IMF on loan: reports
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary, staff-level agreement on an emergency loan and a formal announcement …
Govt of Sri Lanka and UNDP map out SDG investment for private sector to support recovery
The Government of Sri Lanka and UNDP in Sri Lanka today announced the launch of the Sri Lanka SDG Investor Map (the Map), a market intelligence tool …
CCC highlights need to focus on implementation of progressive proposals in interim budget 2022
The Ceylon Chamber of Commerce views the interim budget for 2022 delivered by President Ranil Wickremesinghe in his capacity as Minister of Finance, …
Sri Lanka’s interim budget proposals at a glance
A summary of President Ranil Wickremesinghe’s interim budget speech is as follows; By 2025 Government revenue is expected to grow to around 15 …
President proposes to allocate 20-pct shareholding in BOC & People’s Bank to depositors & staff
In order to meet recapitalization requirement borne out due to increase in interest rates, rising NPLs, loan settlement issues faced by businesses …
President’s Interim Budget Speech – 2022 (Full Text)
Full text of the Interim Budget Speech – 2022 (Amendment to the Appropriation Act, No. 30 of 2021) delivered by President Ranil Wickremesinghe in …
A Fiscal Council for Sri Lanka: Pathway to Regaining Fiscal Credibility
By Dr. Lakmini Fernando: Sri Lanka was once considered a development success story. But within the last few decades, this legacy was lost to …
Moody’s Analytics: The Uncertain Future of the Chip Shortage
The semiconductor chip shortage captured the world’s attention early on during the pandemic as the first clear sign that the measures undertaken …
Sri Lanka adds Indian Rupee to designated foreign currencies for off-shore banking
Sri Lanka’s Central Bank has added the Indian Rupee to the list of currencies that are permitted to be used for offshore banking, taking the total …
Japan seeks to organize Sri Lanka creditors’ meeting on debt crisis
Japan is seeking to organize a Sri Lanka creditors’ conference with the intention of solving the country’s debt crisis, the Reuters news agency …
Ranjan Ramanayake granted conditional presidential pardon
President Ranil Wickremesinghe today (26) signed the document granting conditional presidential pardon to former Parliamentarian Ranjan Ramanayake, …
Entries are now open for CA Sri Lanka’s TAGS Awards 2022 to crown best corporates
Marking a new chapter in financial and non-financial reporting, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Wednesday …
WHO pledges USD 4 million worth medical supplies to Sri Lanka
The Director General of the World Health Organization (WHO) Dr. Tedros Adhanom Ghebreyesus pledged essential medical supplies worth US$ 4 million to …
Amendment to Penal Code protecting LGBTQ+ rights of Sri Lankans handed over to President
A bill to amend the Penal Code with the aim of protecting the rights of the LGBTQ+ communities in Sri Lanka was handed over to President Ranil …
16 Key Private Sector Leaders come together to support Food Security efforts
The private sector in Sri Lanka has historically played a key role in providing support to humanitarian efforts; rebuilding from the devastating …
Envisioning future of Sri Lanka with Ultra-Fast Fibre & 5G: SLT-MOBITEL Technology Chiefs discusses evolving trends
The SLT-MOBITEL brand has reinforced its leadership as a true digital enabler further emphasizing its promise of enriching people’s digital lives …
Australia to provide additional 25 million dollars in humanitarian assistance for Sri Lanka
Australia will provide an additional $25 million to help Sri Lanka meet urgent food and healthcare needs, as it confronts its worst economic crisis …
Government officials’ foreign employment and referral program expedited
The attention of the government has been directed towards the expansion of the government officials’ foreign employment and referral program. …
UK-based supply chain start-up Kavida AI to help reduce risk profile of Sri Lanka’s apparel sector
UK-based Digital Supply Chain Start-up - facilitated by The American Chamber of Commerce (AMCHAM) in Sri Lanka, have launched Resilient Sri Lanka a …