Central Bank denies media reports on macroeconomic projection updates
Jul 31, 2020 (LBO) – Sri Lanka's Central Bank on Friday categorically stated that media reports about the CBSL projecting a sizable contraction in GDP and a …
Economy & Markets
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Citra Lab facilitates design thinking approaches for PTF for Economic Revival
Jul 31, 2020 (LBO) – Citra Lab facilitated design thinking approaches for the Presidential Task Force (PTF) for Economic Revival and Poverty Alleviation, to …
Housing for low, middle-income families in Colombo, Waste recycle programme: President
Jul 29, 2020 (LBO) - President Gotabaya Rajapaksa says Colombo will be developed under a well-designed plan while addressing main issues faced by the people. …
Enterprise analytics ties up with Acumatica to equip SMEs with ERP solutions
Jul 29, 2020 (LBO) - Enterprise Analytics, a leading provider of pioneering technology-based business solutions, recently partnered with Acumatica …
Sri Lanka in talks to secure additional USD 1bn under Special Bilateral Swap from RBI: CBSL
Jul 27, 2020 (LBO) – Sri Lanka's Central Bank says the discussions are ongoing to secure an additional USD 1 billion, under a Special Bilateral Swap …
Fitch plans to withdraw ratings of Kotagala Plantations
Jul 27, 2020 (LBO) - Fitch Ratings plans to withdraw the ratings of Kotagala Plantations PLC for commercial reasons on or about 21 August 2020, which is …
India in talks to reschedule SL debt repayments, RBI agrees on USD 400mn currency swap
Jul 25, 2020 (LBO) – Reserve Bank of India (RBI) has signed the document for USD 400 million currency swap facility to Sri Lanka till November 2022. High …
Central Bank clarifies its Repurchase Agreement with FED
Jul 24, 2020 (LBO) – Sri Lanka's Central Bank says that the statement found widely in media that they are pledging USD 4.5 billion worth of US Treasury …
Central Bank approves Rs.72bn loans thus far under COVID-19 renaissance facility
Jul 24, 2020 (LBO) – The total value of loans approved by the Central Bank thus far under the Saubagya COVID-19 renaissance facility has increased to Rs. …
Emirates covers customers from COVID-19 expenses, in initiative to boost travel
Jul 24, 2020 (LBO) - Emirates customers can travel with confidence, as the airline will cover medical expenses of up to EUR 150,000 and quarantine costs of EUR …
Tile and sanitaryware temporary import suspension has adverse impact on SL’s revenue
Jul 23, 2020 (LBO) - The Tile & Sanitaryware Importers Association (TSIA), Sri Lanka’s main body established to address the grievances of tile and …
Sri Lanka’s headline inflation increased to 6.3-pct in June
Jul 22, 2020 (LBO) – Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index has increased to 6.3 percent …
Earnings from merchandise exports rebounded in June to USD 906mn: EDB
Earnings from merchandise exports rebounded in June 2020 to US $ 906.02 Mn as per the Customs statistics, with the export sector progressively commencing …
Cloud computing for the future: current trends, what to expect and more.
The industry of software outsourcing in Sri Lanka has long since been garnering demand to deliver products and services that are uniquely focused towards …
Sri Lanka restricts outward remittances on capital transactions for six months
Jul 16, 2020 (LBO) – Sri Lanka's Minister of Finance with the recommendation of the Monetary Board and the approval of the Cabinet have issued an order …
New appointments to Central Bank’s Monetary Board
Jul 15, 2020 (LBO) – New members have assumed duties as serving members of the Monetary Board of the Central Bank, pursuant to being appointed to the Board …
Abans opens its first Elite Showroom in the Northern Province
By Jekhan Aruliah On Saturday 11th July 2020 Abans opened its first Elite Showroom in Jaffna (in the Cargills Mall on Hospital Road). In fact this is the first …
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 …
Listen to Jack Ma: “To be successful learn from other people’s mistakes”
By Jekhan Aruliah Jack Ma, the billionaire founder of the Alibaba platform described as “the leading platform for global wholesale trade”, gave some …
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 …