Central Bank may consider maintaining policy stance: First Capital Research
First Capital Research believes that the Central Bank may consider maintaining the same policy stance in this policy review but given the considerable …
Economy & Markets
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Sri Lanka’s reserves down to USD 2.6bn in September; YTD rupee depreciation 8.2-pct
Sri Lanka’s official reserves were 2.6 billion US dollars (USD 2,581.3mn) by the end of September, down from 3.5 billion US dollars in August, the latest …
Interview: Futureproofing banking sector through digital-first mindset
There is a good reason why digitalisation is a top priority for banking. When done correctly, it enables paradigm shifting improvements in customer experience …
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 …
Sri Lanka projected to grow by 3.3-pct : Shifting gears to services-led growth can help build back better
Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, but the medium-term outlook is clouded by pre-existing macroeconomic weaknesses and the …
Sri Lanka’s Six-Month Road Map at a glance
Sri Lanka's Central Bank on Friday outlined the key measures and tools they will use to ensure macroeconomic & financial system stability in the country …
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. …
ADB Annual Meeting 2022 in Sri Lanka; MoU signed
Sri Lanka's government and the Asian Development Bank (ADB) today entered into a Memorandum of Understanding to hold the 55th Annual Meeting of the ADB in …
CBSL to announce 6-month road map for ensuring macroeconomic & financial stability on Friday
The Central Bank is to announce “A Six-Month Road Map for Ensuring Macroeconomic & Financial System Stability” on Friday, 01 October 2021. Accordingly, …
Not a single instance of wrongdoing in forensic audits by Gov Cabraal
The Auditor General was not given the assignment to carry out the Forensic Audits, a recently released statement from the Central Bank said. "But instead, two …
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 …
Asanga Seneviratne elected to CSE Board of Directors
The Colombo Stock Exchange (CSE) announces the appointment of Asanga C. Seneviratne as a Director of the CSE Board with effect from 23rd September 2021. …
Sri Lanka’s exports exceed USD 1Bn for third consecutive month in August
Sri Lanka’s merchandise exports in August 2021 recorded an increase of 14.4 % to US$ 1,083.56 Mn as compared to US$ 947.2 Mn recorded in August 2020 as per …
CSE implements new OTC Platform to conduct REPO Transactions on Debt Securities
The Colombo Stock Exchange (CSE) announces the introduction of a new Over the Counter (OTC) Platform to facilitate the Repurchase (REPO) Transactions on …
Sri Lanka’s foreign exchange reserves are still low, a credit negative: Moody’s Investors Service
Coupled with limited external financing options and pandemic-related lockdown weighing on the recovery of non-debt generating inflows, the FX reserves data …
Newly appointed CBSL Governor Nivard Cabraal to announce a policy package soon
Central Bank will need to take the required steps that will reflect its own commitment towards economic stability, and will therefore soon announce a policy …
Transparency International Sri Lanka recommends enhanced scrutiny in operation of tax amnesty
Transparency International Sri Lanka (TISL) is deeply concerned regarding the new Finance Act passed on 7th September 2021 that aims to grant tax amnesty for …
Sri Lanka official reserves slightly improve to USD 3.6bn by end August
Sri Lanka’s gross official reserves were 3,550.7 million US dollars by the end of August, up from 2,805.9 million US dollars in July, the latest Central Bank …
High probability that Sri Lanka may consider moving into an IMF program: FCR
First Capital Research believes that there seems to be a high probability that Sri Lanka may consider moving into an IMF program. Though there are rumours of …