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 …
Economy
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Central Bank approves Rs. 178bn worth loans through Saubagya Renaissance facility
Oct 16, 2020 (LBO) – Sri Lanka's Central Bank has thus far approved 61,907 loans amounting to Rs. 178 billion so far under the three Phases of the Saubagya …
SL’s Foreign Minister calls for advancing e-commerce and e-governance in Commonwealth states
Oct 15, 2020 (LBO) - Foreign Minister Dinesh Gunawardena leading the Sri Lanka delegation to the 20th Virtual Commonwealth Foreign Affairs Ministers Meeting …
President to create market with higher price for farmers and low for consumers
Oct 15, 2020 (LBO) - President Gotabaya Rajapaksa emphasizes the requirement of establishing a market that guarantees higher prices for farmers and a …
EDB facilitates continuous operations of exporters in curfew areas
Oct 15, 2020 (LBO) – Sri Lanka Export Development Board (EDB) is providing facilitation to ensure that the operations of non-BOI, export industries located …
Opinion: Disproportionate impact of COVID-19 on women in Sri Lanka
Shihara Maduwage Media and Communications Officer, EQUAL GROUND For months, Sri Lanka has been celebrated as a nation that succeeded in containing the spread …
Tax on essential goods removed
With due consideration to the current cost of living and difficulties associated with COVID – 19 the Government has removed import duties on essential …
Sri Lanka’s merchandize exports surpass USD 1 billion mark in September
Oct 13, 2020 (LBO) – Sri Lanka’s merchandize exports have surpassed the US$ 1 billion mark in September after July during this year, statistics of the …
Sri Lanka trade deficit improves in Aug 2020
Oct 12, 2020 (LBO) - Sri Lanka's trade deficit improved on a year-on-year basis with the deficit in the trade account in August 2020 narrowing to US dollars …
China grants RMB 600Mn for medical care, education, water supply, etc. in rural areas
Oct 12, 2020 (LBO) - Sri Lanka and China signed an agreement on economic and technical cooperation for providing RMB 600 million (Rs. 16.5 billion) in grant …
Sri Lanka and China discuss economic revival and COVID-19 assistance
Oct 11, 2020 (LBO) - As part of the Government’s sustained efforts at strengthening neighbourly relations, the Foreign Ministry facilitated on Friday (9/10) …
WB says SL economy to contract by 6.7-pct in 2020, Smart policies for informal workers key for recovery
Oct 08, 2020 (LBO) - The COVID-19 crisis in Sri Lanka has substantially clouded the outlook and exacerbated an already challenging macroeconomic situation with …
Chinese delegation to visit Colombo today
Oct 08, 2020 (LBO) - A high-powered Chinese delegation led by former Chinese Foreign Minister and the current Communist Party Political Bureau member his …
Cabinet approves new orders for ‘Special Deposit Accounts’
Oct 07, 2020 (LBO) - The approval of the Cabinet of Ministers was granted at their meeting held in April 2020 for the issuance of orders under the foreign …
Sri Lanka successfully settles maturing international sovereign bond of USD 1bn: CBSL
Oct 02, 2020 (LBO) – Sri Lanka's Central Bank says that they have successfully completed the settlement of the maturing International Sovereign Bond of US …
Economists urge decisive action to prevent emerging Sri Lankan debt crisis
Oct 02, 2020 (LBO ) - A panel of eminent economists urged that the Government take credible and decisive action to prevent a painful debt crisis in Sri Lanka. …
Advocata to live stream session on “How can we improve Sri Lanka’s debt sustainability” today
Sep 30, 2020 (LBO) - The Advocata Institute has launched its latest public policy discussion series 'DeepDive'. This series commences with several …
Moody’s ratings downgrade unwarranted: Sri Lanka’s Finance Ministry
Sep 28, 2020 (LBO) – Sri Lanka's Finance Ministry says that the Moody’s ratings downgrade today is unwarranted. Releasing a statement shortly after …
Moody’s downgrades Sri Lanka’s ratings to Caa1, outlook changed to stable
Sep 28, 2020 (LBO) – Moody's Investors Service ("Moody's") has today downgraded the Government of Sri Lanka's long-term foreign currency issuer and senior …
Sri Lankan economy on a steady recovery path: Central Bank
Sep 26, 2020 (LBO) – Having contained the domestic spread of the COVID-19 pandemic, Sri Lanka is on a steady recovery path after the initial economic …