Sri Lanka Govt and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $165 million loan agreement to provide immediate financing support for small …
Economy
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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 …
Addressing poverty: Towards empowered Sri Lankan households
2020 has been a profoundly challenging year for Sri Lanka and the world at large with the COVID-19 pandemic causing an unprecedented crisis, so much so that …
Sovereign bond opportunity is “too good to miss” says new Chair of Ceylon Asset Management
The new Chairman of Ceylon Asset Management (CAM), Mr. Malaka Bandara highlighted “this is a rare opportunity to invest in SL Sovereign Bonds at discounted …
Private sector, professional bodies urged to ‘rise to the occasion’ to help spur growth
Nov 20, 2020 (LBO) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) organised the Annual Budget Seminar on Thursday which brought …
Import restrictions are reviewed as we move along, Foreign Minister tells EU Delegation
Nov 20, 2020 (LBO) – Sri Lanka's Foreign Minister Dinesh Gunawardena emphasizes that the current import restrictions are reviewed as the country moves along. …
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, …
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’s exports declined to USD 832Mn in October amidst second wave of COVID
Nov 13, 2020 (LBO) – As per the Customs statistics, earnings from merchandise exports have recorded a negative growth of 14.9% in October 2020 to US$ 831.72 …
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 …
Sri Lanka Chapter of Entrepreneurs’ Organization supports local entrepreneurs
Led by a vision to build the world’s most influential community of entrepreneurs, the Entrepreneurs’ Organization or EO, is a high-quality support network …
EUR 280Mn financing by European bilateral development finance institutions and EIB
As part of Team Europe’s response to the Covid-19 pandemic, eleven members of EDFI, the Association of European Development Finance Institutions[1], are …
ICRA: Economy at a glance for 3Q 2020
Highlights 3Q 2020 was shaping up to be the turning point from the depths of economic contraction, but the fast escalation of second wave of Corona infections …
Central Bank extends grace period of Working Capital Loan Scheme from 6 to 9 Months
Nov 06, 2020 (LBO) – Having considered the importance of facilitating and encouraging borrowers to repay the loans without any failure, the Central Bank has …
CCC to host first-ever virtual Sri Lanka Eco Summit 2020
The Ceylon Chamber of Commerce will be organizing the 20th Sri Lanka Economic Summit (SLES) on the 1st and 2nd of December 2020 and will be conducting the …
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, …
Special arrangements to provide uninterrupted EPF related services
Oct 29, 2020 (LBO) – EPF Department of the Central Bank informs all its stakeholders on the arrangements that have been made to provide its services …
World Bank Country Director meets Central Bank Governor
Oct 23, 2020 (LBO) – The World Bank Country Director for Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos, accompanied by the World Bank Country Manager …
Export companies in Gampaha District & curfew areas can operate: EDB
Oct 22, 2020 (LBO) – Export companies in the Gampaha district can continue to operate during the curfew period strictly following the Covid 19 health …
Unexpected COVID-19 cluster could somewhat affect near term growth momentum: CBSL
Oct 22, 2020 (LBO) – The Sri Lankan economy is expected to move along a faster recovery path, despite the latest surge in COVID-19 cases locally that could …