Treasury issues letters confirming bills due from Sri Lanka’s government to contractors
Jul 14, 2020 (LBO) – Sri Lanka’s Treasury has commenced issuing confirmation letters verifying the bills due from the government to contractors and …
Economy
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SL receives USD 87mn into Special Deposit Accounts so far; expands funding sources
Jul 13, 2020 (LBO) – Sri Lanka's Government in consultation with the Monetary Board of the Central Bank has taken further measures to encourage the opening …
JICA grants Rs. 463mn to assist human resource development of public sector
Jul 13, 2020 (LBO) – Japan International Cooperation Agency (JICA) and Government of Sri Lanka today signed a Grant Agreement amounting to 269 million …
Federal Reserve’s USD 1bn Repo facility available to Sri Lanka
Jul 09, 2020 (LBO) – The Federal Reserve in the United States has opened a temporary repurchase agreement facility for foreign central banks including Sri …
Sri Lanka gross official reserves at USD 6.7Bn by end June
Jul 09, 2020 (LBO) – Sri Lanka's gross official reserves stood at US dollars 6.7 billion by the end of June 2020, sufficient to cover 4.2 months of imports, …
Rs. 1,360mn Japanese grant for provisioning medical equipment to combat against COVID-19
Jul 08, 2020 (LBO) – Japanese government has agreed to provide Japanese Yen 800 million (approx. LKR 1,360 million) grant aid under the Japanese non-project …
Central Bank approved Rs.53Bn for 20,240 COVID-19 affected businesses
Jul 06, 2020 (LBO) - The Central Bank, in consultation with the Government of Sri Lanka, has introduced the Saubagya Covid-19 Renaissance Loan Scheme to …
H20 ONE Appoints Chaminda Lakmal as Chief Executive Officer
H20 ONE (Pvt) Ltd (H201) announced that they have appointed Chaminda Lakmal as Chief Executive Officer effective from 1st August 2020. Lakmal has over 12 years …
Sri Lanka inflation marginally down in June 2020
Jul 02, 2020 (LBO) - The year on year inflation as measured by the Colombo Consumer Price Index (CCPI) is 3.9 percent in June 2020 and inflation calculated …
Fallout from Pandemic prompts an unprecedented rate cut: FCR
Jun 30, 2020 (LBO) – First Capital Research (FCR) believes that there is a higher likelihood of 90% that CBSL may provide a rate cut to ensure the continued …
CBSL implements Credit Guarantee & Interest Subsidy Scheme for businesses
Jun 28, 2020 (LBO) – Sri Lanka's Central Bank has decided to implement a Credit Guarantee and Interest Subsidy Scheme to accelerate lending by banks to …
Sri Lanka’s government makes MCC review final report public
Jun 28, 2020 (LBO) – Sri Lanka's government has published the final report by the Expert’s Committee appointed to review the proposed Millennium Challenge …
Central Bank sets record straight about COVID-19 relief measures announced so far
Jun 26, 2020 (LBO) – Sri Lanka's Central Bank yesterday published a detailed statement which contains operational and policy measures undertaken by them thus …
SL should aim for V-shaped economic recovery post COVID 19 : Cabraal
Jun 25, 2020 (LBO) - Ajith Nivard Cabraal, advisor to the Prime Minister on Economic Affairs says that Sri Lanka should aim for V-shaped economic recovery and …
Central Bank approves Rs. 28bn loans at 4-pct among 13,861 businesses; Phase-II ready
Jun 24, 2020 (LBO) – Sri Lanka's Central Bank says that they have approved 13,861 loan applications under the Phase-I of Saubagya Covid-19 Scheme so far, …
Sri Lanka’s external strains set to persist beyond elections: Fitch Ratings
Jun 24, 2020 (LBO) – Sri Lanka’s stressed external liquidity position is set to remain a weakness for the country’s credit profile, says Fitch Ratings. …
How to determine the best cloud service provider for your business.
As the COVID-19 pandemic encouraged most businesses to shift to remote work environments, it’s the cloud that made this possible. Although popularity for …
Sri Lanka’s headline inflation decreased further in May
Jun 22, 2020 (LBO) – Headline inflation as measured by the year-on-year change in the National Consumer Price Index decreased further to 5.2 percent in May …
Trade deficit widens in April; import expenses on personal vehicles up, no tourism earnings
Jun 22, 2020 (LBO) – Sri Lanka's trade deficit widened in April 2020 to US dollars 840 million, from US dollars 797 million in April 2019, as the decline in …
100bps rate cut on the cards to push banks for lending: First Capital Research
Jun 19, 2020 (LBO) – First Capital Research allocates a policy rate cut expectation of 100bps bringing the SDFR and SLFR to 4.50% and 5.50%, respectively. …