Economy & Markets

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Central Bank blames rate hike on skyrocketing inflation

The Central Bank plucked up the courage to raise benchmark interest rates up by 50 basis points with immediate effect, putting an end to Sri Lanka’s 12 month …

The Central Bank raises its key short-term interest rates by 50 basis points with immediate effect.

After a 12-month lag, the Central Bank raised its key short-term interest rates by 50 basis points with immediate effect on Wednesday. After a 12-month lag, …

Central Bank Governor Sunil Mendis says private sector members of the Monetary Board are not pushing to keep real interest rates negative

Central Bank Governor Sunil Mendis says private sector members of the Monetary Board are not pushing to keep real interest rates negative, and Board decisions …

Sri Lanka’s weak currency slipped to another milestone on Mon., when the Japanese Yen equalised to the rupee

The yen touched base with the rupee on Monday as a balance of payments deficits notches higher and speculation of exchange controls continue to linger in the …

Private sector workers must pay more income tax to keep their company cars.

The government wants private sector workers to compensate for work benefits and has increased the income tax on company maintained cars. online pharmacy buy …

HDFC Bank picks up A (sri) rating from Fitch for its upcoming Rs. 500 mn debt issue

State housing giant, HDFC Bank picked up a A (sri) rating from Fitch Ratings Lanka for its upcoming Rs. 500 mn four year unsecured debenture issue. buy lexapro …

Sri Lanka Telecom gets top billings from international rating agencies Fitch and Standard & Poor’s

International credit rating agencies, Standard & Poor's and Fitch, have assigned investment grade ratings for Sri Lanka Telecom. International credit rating …

Sri Lankan government admits it is in a foreign exchange crisis, shackled by a backward looking policy framework which has put reforms and the peace process in a limbo

Sri Lanka's opposition United National Party warned that by printing money, and keeping interest rates artificially low, while foreign reserves are dwindling, …

Buddhist monk pleads for the release of Sri Lankan hostage

Sri Lanka's influential Buddhist clergy Sunday appealed for the release of a truck driver taken hostage in Iraq, saying the island traditionally has had …

Norway set to launch a new bid to save Sri Lanka peace process

Norway will this week launch yet another bid to save Sri Lanka's tottering peace process amid fears for the Oslo-brokered ceasefire that went into effect in …

Tamil Tigers resist foreign aid pressure amid fresh diplomatic moves

Tamil Tiger rebels have warned foreign aid donors not to interfere in Sri Lanka's faltering peace bid amid fresh diplomatic moves to salvage the process, a …

Give tax breaks to companies that do good deeds, says local legal eagle

Companies should get tax benefits for spending on good deeds, says legal eagle Justice Mark Fernando. online pharmacy …

Norway says Sri Lanka peace hopes dim, offers exit route

Peace broker Norway Thursday said it would ask Sri Lanka's feuding parties if they wanted to resume talks as Tamil Tiger rebels warned foreign aid donors not …

Sri Lanka president to visit India

Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition …

Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file

Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file. buy neurontin …