CBSL issues new rules on export proceeds conversion; applicable for both goods & services
The Monetary Board of the Central Bank has issued new rules, in respect of repatriation of export proceeds into Sri Lanka and conversion of such export …
Commodity
Regulating prices: From price mandates to more competition
Regulating prices: from price mandates to more competition The government recently removed the maximum retail price (MRP) on rice with a decision to import a …
Central Bank removes cash margin deposit requirement on non-essential imports
Sri Lanka’s Central Bank has decided to discontinue the 100 percent cash margin deposit requirement against the importation of selected goods of …
Central Bank requests Govt to tax export profits at 28-pct where forex is not repatriated & converted
Sri Lanka's Central Bank requests the government to tax profits of exporters at 28 percent and not 14 percent where forex is not repatriated & converted. …
Central Bank recommends complete repatriation of export proceeds within reasonable period
Steps must be taken to strengthen the systems to ensure monitoring and to implement measures that lead to the complete repatriation and conversion of export …
Central Bank imposes 100-pct cash margin deposit requirement for non-essential goods imports
The Monetary Board of the Central Bank has decided to impose a 100 percent cash margin deposit requirement against the importation of selected goods of …
Headline inflation increased to 6-pct in August 2021
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index, increased to 6.0 percent in August 2021 from 5.7 percent in …
Emergency regulations on essential food supply declared
As per the powers vested in terms of section 2 of the Public Security Ordinance, President has declared emergency regulations formulated as per section 5 on …
Sri Lanka’s headline inflation increased to 6.8-pct in July 2021
Headline inflation, as measured by the National Consumer Price Index has increased to 6.8 percent in July 2021 from 6.1 percent in June 2021 driven by the …
CBSL tightens monetary policy to curb inflationary pressures; rectify external sector imbalances
Sri Lanka's Central Bank has tightened its monetary policy stance to address the imbalances in the external sector and to preempt the buildup of excessive …
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 …
June food prices increase by 14.3-pct: Advocata’s Bath Curry Indicator
June Food Prices Increase by 14.3-pct Advocata’s Bath Curry Indicator (BCI) which tracks the monthly changes in the price of food recorded a jump of …
NCPI based Inflation increased to 6.1-pct in May 2021
Headline inflation, as measured by the year-on-year change in the National Consumer Price Index increased to 6.1 percent in May 2021 from 5.5 percent in April …
Sri Lanka records USD 884Mn exports in May 2021
Sri Lanka’s export sector performance has been able to manage its growth momentum in May 2021 with the challenges of the Covid-19 pandemic. As per the …
Sri Lanka seeks collaboration on Graphene applications with Russian Company
The State Ministry of Regional Cooperation, recognizing the potential of Sri Lanka’s natural resources to contribute to the country’s economy, has been …
CCPI based inflation increased to 4.5-pct in May 2021
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index has increased to 4.5 percent in May 2021 from 3.9 …
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 …
Sri Lanka’s headline inflation increased to 5.1-pct in March
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index has been increased to 5.1 percent in March 2021 from 4.2 …
Central Bank reduces exporter proceeds conversion rule to 10-pct
The Central Bank, having considered the requests made by exporters has amended Rule No. 2 of 2021 by reducing the percentage of mandatory conversion …
‘Bath Curry Indicator’ by Advocata Institute will be launched tomorrow
Food inflation has risen over the last year, although the overall inflation is low. According to the National Consumer Price Index, overall prices rose by 3.7% …