We want to restructure only foreign debt & it’s a win-win situation, CB Governor reiterates
Central Bank Governor reiterated on Thursday that the government's position about debt restructuring remains the same and intends to restructure only …
All News
We have almost completed targets to reach staff level agreement: CBSL Governor
Sri Lanka's Central Bank Governor says that they have almost completed all the required targets to reach a staff-level agreement with the IMF mission …
Land Valuation Indicator for Colombo District increased by 17-pct during 1H 2022
Land Valuation Indicator (LVI) for Colombo District increased to 186.9 with a year-on-year change of 17.0 percent during the first half of 2022. This …
CBSL Monetary Policy Statement Indicates Economic/Forex Stabilisation
August 18, 2022 (LBO) - The monetary policy statement released by the Central Bank of Sri Lanka indicated stabilisation of the Sri Lankan currency …
Groundbreaking ceremony for INSEE Warehouse at Hambantota Port Industrial Park
INSEE Cement, Sri Lanka’s leading cement manufacturer, began construction of their mega capacity warehouse within the industrial park in Hambantota …
Finance Minister requests the public to deposit or sell foreign currency notes in possession
In order to attract foreign currency held with the public into the banking system, the Minister of Finance has issued an Order granting an amnesty …
DCTS to replace UK GSP; SL to benefit from duty-free exports to UK on more than 80-pct of products
Over 99% of goods exported from Sri Lanka eligible for duty-free access to the UK£69m of tariffs saved on exports to the UK under the new Developing …
UN Sri Lanka & Government sign Sustainable Development Cooperation Framework for Sri Lanka
The United Nations Sustainable Development Cooperation Framework (UNSDCF) 2023-2027 was launched today by the Government of Sri Lanka and the United …
U.S. partners with David Pieris Motor Company to boost electric mobility in Sri Lanka
The U.S. government, through its development agency, the U.S. Agency for International Development (USAID), is committed to accelerating clean energy …
Central Bank relaxes mandatory conversion requirement on service export proceeds
With the view of encouraging service exporters to repatriate their export proceeds into the country, the Central Bank of Sri Lanka has withdrawn the …
Reasonable justification required when appointing new Heads of Govt Institutions: President
President Ranil Wickremesinghe has appointed a committee to oversee and grant prior approval for new appointments or changes to the existing …
High impairment provisions neutralise solid 6-month operational growth of ComBank Group
The Commercial Bank Group has reported a six-month financial performance that mirrors the impacts of the country’s macro-economic variables, with …
Here is the Ten-Point Common Minimum Program for Sri Lanka’s Economic Recovery: Harsha de Silva
Sri Lanka is currently facing its worst economic crisis since independence. Decades of shortsighted policies and halfhearted reforms weakened our …
Aitken Spence records its historically highest ever Q1 PBT of Rs. 7.2bn
Anchored through a heritage of excellence spanning over 150 years with diversified business operations across 8 countries, Aitken Spence PLC reported …
Seylan Bank records Rs.1.5Bn PAT for 1H 2022
Seylan Bank recorded a Profit after Tax of Rs. 1,504 Mn for the 6 months ended 30th June 2022 against Rs. 2,105 Mn reported in the corresponding …
Cybercrime – The Invisible Lurking Threat
By Ajita Kadirgamar: Warnings and advice on some of the most common and often fatal Cybersecurity traps Cybersecurity, most often the lack of it, is …
Opinion: Stagflation in Sri Lanka? Risks and Policy Responses
The world economy is showing signs of a serious slowdown due to overlapping crises including the Russia-Ukraine War, the COVID-19 pandemic, China’s …
JICA signs Grant Agreement under JDS for Master’s & Doctoral Degree Scholarships
The Project for Human Resource Development Scholarship (JDS) was initiated in year 2010 in supporting the capacity development of young officials of …
Sri Lanka electricity tariff revision 2022
• CEB's proposal to increase electricity tariffs by 229 percent is rejected - capping off tariff hikes at 75 percent • Subsidies up to 120 units …
Cabinet nod to present Petroleum Products Amendment Bill in Parliament
In order to ensure the continuous supply of petroleum products due to the acute foreign exchange deficit currently existing in the country, the …
Issuance of one-time visas to tourists coming to Sri Lanka for a period of one year
Cabinet nod has been received to issue one-time visas to tourists for a period of one year through electronic travel authorization with multiple …
Winners and Losers of Sri Lanka’s Work from Home Policy
A new publication by the Institute of Policy Studies of Sri Lanka (IPS) has identified that a key barrier to remote work in Sri Lanka is the lack of …
Resume Sri Lanka’s participation in Stolen Asset Recovery initiative: Human Rights Watch
Sri Lanka’s new president, Ranil Wickremesinghe, should ensure that his administration adopts measures to protect the basic rights of all Sri …
Opinion: Fixing the Sri Lankan Economy
By M. Rizwan Muzzammil: Introduction The Sri Lankan economy is significantly weakened and at risk of catastrophic collapse. There is a need for the …