Central Bank indicative spot exchange rate surpasses Rs250 per USD
The indicative USD spot exchange rate of the Central Bank has surpassed 250 rupees (251.97 rupees) per dollar on Friday even though they earlier …
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Will continuously support Sri Lanka’s development: ADB President
Asian Development Bank (ADB) President Masatsugu Asakawa and Sri Lanka President Gotabaya Rajapaksa met Thursday (10th) in Colombo and it was …
Bond yields to extend further surge; rate hike expectations for 2022E increased: FCR
In light of the weaker economic conditions, First Capital Research believes that the CBSL will maintain the momentum on tightening policy rates …
New US Ambassador to Sri Lanka calls on Foreign Affairs Minister
The newly appointed U.S. Ambassador to Sri Lanka Julie Chung called on Foreign Affairs Minister G.L. Peiris yesterday, at the Ministry of Foreign …
“Cinnamon rainforest restoration project” launched
Cinnamon Hotels & Resorts proudly launched its latest sustainability initiative, “Cinnamon Rainforest Restoration Project”in collaboration …
Ceylon Chamber welcomes CBSL move towards a more flexible exchange rate
The Ceylon Chamber of Commerce commends the Governor and his team at Central Bank for permitting greater flexibility in the exchange rate. This …
Data Protection Bill should not be passed until serious concerns are addressed: Transparency International
Transparency International Sri Lanka (TISL) calls on Members of Parliament to not rush through enacting the law until concerns are addressed. On the …
Best countries for travel & remote working in 2022: Sri Lanka ranks 2nd in Asia-Pacific
As more people embrace flexible working environments and set their sights on their next ‘workation’ (AKA, a vacation that blends leisure and …
Sri Lanka maintains official reserves at USD 2.3bn in February
Sri Lanka’s official reserve assets were 2.3 billion US dollars (USD 2,314mn) by the end of February, slightly down from 2.3 billion US dollars …
CBSL allows greater flexibility in exchange rate with immediate effect; not more than Rs 230 per USD
Sri Lanka's Central Bank says that greater flexibility in the exchange rate will be allowed to the markets with immediate effect. Releasing a …
Nation branding of Sri Lanka on global stage requires a more collaborative approach
Nuwan Gamage, Vice President of Sri Lanka Institute of Marketing Sri Lanka is currently facing several economic challenges and in order to steer the …
HERCapital by Hatch: Pioneering gender smart funding in Sri Lanka
Gender disparity within the entrepreneurial world is a globally prevalent problem, often stemming from the underrepresentation of women in the labour …
Hambantota Port Declares 2022 the ‘Year of Construction’
The Hambantota International Port (HIP) has declared 2022 as a ‘Year of Construction’, with several ongoing projects reaching different stages of …
Cabinet reshuffle: New Ministers for Transport and Wildlife
Under the Cabinet reshuffle, two Cabinet Ministers and a State Minister were sworn in before President Gotabaya Rajapaksa at the Presidential …
Joint Chambers urge govt to resolve forex shortage; commence foreign debt restructuring & pursue IMF support
The Joint Chambers of Commerce met on March 3rd, 2022 and deliberated on the on-going forex crisis in the country and its impact on business activity …
CBSL wants govt to discourage non-essential imports; increase fuel & electricity tariffs; postpone non-urgent projects
As the Economic and Financial Advisor of the government, the Central Bank advises the Government to diligently consider a number of measures to …
Central Bank further tightens Monetary Policy Stance
The Monetary Board of the Central Bank, at its meeting held on 03 March 2022, has decided to reinforce its stance adopted in January 2022. …
Reshuffle in Ministerial portfolios; Wimal, Gammanpila removed from portfolios: PMD
Minister of Industries Wimal Weerawansa and Minister of Energy Udaya Gammanpila, have been removed from their ministerial portfolios today (03) in …
No other solution before this economic crisis throws Sri Lanka into social unrest, says Harsha
Sri Lanka will not be able to solve the current crisis by merely going to the IMF and need to engage with a whole range of multilateral, bilateral, …
IMF wants Sri Lanka to raise income tax, VAT rates, minimize exemptions & adopt cost-recovery energy pricing
IMF Executive Board encourages Sri Lankan authorities to reform state-owned enterprises and adopt cost-recovery energy pricing while raising income …
Ceylon Chamber seeks urgent action to restore electricity and fuel supply to avoid economic standstill
The Ceylon Chamber of Commerce notes with serious concern the adverse effects brought on its members and all sectors of the economy in general as a …
Towards improved livelihoods and higher revenues from sustainable fisheries in SL :WB report
When managed in an environmentally, socially, and financially sustainable manner, coastal aquaculture holds significant promise for increased export …
Tribute: Senior Corporate Personality Sega Nagendra (1939-2022)
March 1, 2022 (LBO) - They don't make them like they used to anymore. Senior corporate personality Sega Nagendra passed away suddenly on 28th of …
Rise in Global Inflation Widespread and Persistent: Fitch Ratings
The pick-up in global inflation has been widespread and persistent and has shown few signs of having peaked, according to Fitch Ratings’ latest …