Sri Lanka expects nearly USD 2.65bn forex inflows over next 3 months: Nivard Cabraal
State Minister of Money & Capital Markets Ajith Nivard Cabraal stresses that what is most important is the cash flow, not the Reserve level at a given …
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Sri Lanka records USD 978Mn exports in June 2021; maintains its upward trend
As per the latest statistics released by the Sri Lanka Customs, the export sector performance has been able to maintain its upward trend in June 2021 with …
Sri Lanka’s official reserves remain at USD 4bn level by the end of June
Sri Lanka’s official reserves were 4 billion US dollars (USD 4,027.9mn) by the end of June, unchanged from 4 billion US dollars (USD 4,032.8mn) in May, the …
Central Bank adds Thai Baht to list of designated foreign currencies
Sri Lanka's Central Bank has included the official currency of Thailand, the Thai baht to the list of designated foreign currencies under the Off-Shore Banking …
Sri Lanka’s official reserves down to USD 4bn by end May; YTD rupee depreciation 6.7-pct
Sri Lanka’s official reserves were 4 billion US dollars (USD 4,018.1mn) by the end of May, down from 4.5 billion US dollars in April, the latest Central Bank …
Sri Lanka surpasses USD 1Bn exports in March 2021 after six months
Sri Lanka surpassed US$ 1 billion in exports in March 2021 after a lapse of six months period, the Export Development Board said. As per the Customs …
I ask you to be confident; ongoing negotiations will produce results soon: CBSL Governor
Governor of Sri Lanka’s Central Bank, Professor W D Lakshman requests people to be confident as ongoing negotiations with overseas agencies will produce …
Sri Lanka’s foreign currency reserves fall below foreign debt obligations
Sri Lanka's foreign currency reserves which were at USD 5.7Bn as of December 2020, have now marginally fallen below the foreign debt obligations for the first …
Central Bank expects payment receipt facility for SL from payment providers like PayPal
Jan 04, 2021 (LBO) – Sri Lanka's Central Bank has already commenced discussions with international payment service providers, such as PayPal, to enable …
Banks restricted from purchasing ISBs of Sri Lanka to ease pressure on exchange rate
Dec 13, 2020 (LBO) – The Central Bank requires the licensed commercial banks and National Savings Bank (NSB) to suspend the purchase of Sri Lanka …
We will no longer take loans for projects, says Cabinet Spokesman
Dec 01, 2020 (LBO) – Sri Lanka's government has decided not to take loans for projects, Cabinet Spokesman Keheliya Rambukwella said. Speaking at the weekly …
Sri Lanka to extend restriction order on forex outflows by 6 months
Dec 01, 2020 (LBO) – Sri Lanka's cabinet of ministers has decided to extend the validity period of the order issued under the Foreign Exchange Act regarding …
Central Bank introduces maximum interest rate on mortgage-backed housing loans
Nov 26, 2020 (LBO) – Complementing the concessional loans schemes proposed by the Government in the Budget 2021, the Monetary Board of the Central Bank has …
European Union Delegation warns Sri Lanka over prolonged import ban
Nov 19, 2020 (LBO) – The current import restrictions are having a negative impact on Sri Lankan and European businesses, and on Foreign Direct Investment, …
8-pct VAT to be maintained for certain businesses; tax amendments proposed
Nov 17, 2020 (LBO) – Budget 2021 has proposed to have a consistent tax policy for the next 5 years. It is also proposed to establish a special tax appeals …
Budget 2021 proposes to simplify taxes on capital gains
Nov 17, 2020 (LBO) – Finance Minister has proposed to simplify the taxes on capital gains. Accordingly, such taxes will be calculated based on the sale price …
Sri Lanka can manage current debt obligations without IMF help, says Cabraal
Nov 12, 2020 (LBO) – Sri Lanka can manage the current debt obligations without seeking the help of the International Monetary Fund (IMF), State Minister of …
ICTA introduces Stay Safe COVID Tracer based on QR code to contain COVID-19
Nov 05, 2020 (LBO) – The “Stay Safe ” digital devise designed under the guidance of the Information and Communication Technology Agency of Sri Lanka …
Construction work of Sri Lanka’s first LNG power plant to kick-off this month
Nov 05, 2020 (LBO) – Construction work on the Lakdanavi Liquefied Natural Gas (LNG) power plant is expected to begin in late November, making clean energy …
Central Bank projects Sri Lanka economy to contract by 1.7-pct in 2020, grow by 5.0-pct in 2021
Nov 01, 2020 (LBO) – Sri Lanka's Central Bank projects the economy to contract by 1.7 percent in 2020, reflecting the impact of the pandemic induced fallout, …