News timeline

Business News Today
6 mins ago

Engineers’ fraternity donates Rs. 9 m to President’s Fund to fight COVID-19

Business News Today
9 mins ago

Emirates Skywards extends support, offers flexibility to members

Business News Today
17 mins ago

British Council Sri Lanka’s English Language Teacher Educator Conference showcases achievements and reflects on issues and challenges

29 mins ago

Chamber Academy Hosts First Work-From-Home Webinar for over a Hundred Participants

Local News Today
1 hour ago

Army Beat Group Entertains Residents in Havelock Town in Morning Hours Today

1 hour ago

All international Airports in Sri Lanka will continue to be closed until further notice

1 hour ago

SLAF Constructs a New Out-Patient Unit at the Gampaha District General Hospital

1 hour ago

Quarantine Centres Facilitate 286 More Home-bound Returnees

Covid-19 Outbreak
2 hours ago

Three more patients confirmed Covid-19 today and total rise to 170

Developing Story of the day
2 hours ago

“1950” special hotline introduces to the pensioners – Post-Master General

Covid-19 Outbreak
5 hours ago

Total recovered patients count rise to 29 today

6 hours ago

Curfew in 06 districts will remain until further notice and 19 districts will be lifted temporarily tomorrow

Local News Today
6 hours ago

“Work from Home” period further extended from Apr 6 to 10

Sinhala Local News
6 hours ago

ඇඳිරි නීතිය පිළිබඳ නව නිවේදනය.

7 hours ago

Call 1390 if you have any symptoms on Covid-19 – Director-General Dr. Anil Jasinghe

Covid-19 Outbreak
7 hours ago

Total Covid-19 cases confirmed rise to 166

Lead Story
7 hours ago

Morethan 13,000 people arrested over curfew violation

Developing Story of the day
7 hours ago

Dambulla Economic Center closed from today till 07th April

8 hours ago

Many Corporate Companies, organizations contribute to the Health Ministry for Corona prevention and control.

9 hours ago

COVID-19 prevention program proceeds with professional expertise

Local News Today
9 hours ago

2,961 prison inmates released on bail

Sinhala Local News
9 hours ago

බන්ධනාගාර ඉතිහාසයේ නව පිටුවක් සටහන් කරමින් රැඳවියන් 2,961 දෙනෙකු ඇප මත මුදා හැරේ

Local News Today
9 hours ago

Showers expects in several districts after 2.00pm today

21 hours ago

World’s virus toll tops 60,000 as advice on masks shifts

Local News Today
22 hours ago

No decision taken to declare a complete lockdown – Defence Secretary

Sinhala Local News
23 hours ago

කොරෝනා මර්දන වැඩසටහන තවත් විධිමත්ව ඉදිරියට: සියලු තීරණ විශේෂඥ උපදෙස් අනුව

Business News Today
23 hours ago

Hutch Pays Heed to Customer Feedback offering 100% Anytime Data without Night Time Quotas

Business News Today
23 hours ago

The apparel sector equips healthcare workers in the fight against COVID-19

Business News Today
24 hours ago

FCCISL initiates medical donation through CICCPS in Beijing

24 hours ago

CB Governor Professor W D Lakshman urges to implement CB guidelines

Coronavirus Intensifies Pressure on Sri Lanka Finance Companies

April 3, 2020

 The coronavirus outbreak and the resultant prolonged business disruptions will put additional pressure on Sri Lankan finance and leasing companies' (FLCs) earnings and asset quality, says Fitch Ratings.

Central Bank of Sri Lanka Decides to Establish a Rupees 50 Billion Six Month Re-Financing Facility

April 2, 2020

The Central Bank of Sri Lanka (CBSL) has decided to set up a Re-financing Facility to implement the decisions taken by the Cabinet of Ministers on 20.03.2020 to introduce a wide range of concessions including a debt moratorium (capital and interest) and a working capital loan for COVID-19 hit businesses and individuals.

Inflation declined to 5.4 per cent in March 2020 from 6.2 per cent in February 2020

March 31, 2020

Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 declined to 5.4 percent in March 2020 from 6.2 percent in February 2020.

Trade deficit widened in January 2020 compared to January 2019

March 31, 2020

The trade deficit widened in January 2020 compared to January 2019, as earnings from exports declined while expenditure on imports increased.

Total merchandise exports for Jan & Feb 2020 reduced 3.6%

March 30, 2020

Total merchandise exports for Jan & Feb 2020, was US$ 1,931 which resulted in a reduction of 3.6% compared to the same period in 2019.

Asian markets mostly up, dollar sinks on stimulus pledges

March 29, 2020

Asian equities mostly rose and the dollar extended losses Friday, with traders buoyed by government and central bank pledges to prop up the global economy as the coronavirus sends countries into lockdown.

Index of Industrial Production post a negative percentage

March 26, 2020

The year-on-year change in the industrial production index for the period of January 2019 to January 2020 was a negative.6 percent. The production of cigarettes, coke and refined petroleum products, and pharmaceutical products has seen substantial declines. The production of wood, textiles, and base metals increased.

Year-on-year inflation increased to 8.1 percent in February 2020

March 25, 2020

Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1increased to 8.1 per cent in February 2020 from 7.6 per cent in January 2020.

International Monetary Fund sees pandemic causing global recession in 2020, recovery in 2021

March 25, 2020

The coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should recover in 2021, the International Monetary Fund said on Monday.

How responsible businesses can step forward to fight coronavirus?

March 24, 2020

The many layers to the COVID-19 crisis are unfolding in front of our eyes. Our political leaders, financial institutions and global governance structures are being severely tested. Their job is made all the harder by low levels of public trust and broken social contracts in many parts of the world.

Fitch Revises Outlook for APAC Non-Life Sector to Negative Due To COVID-19

March 24, 2020

President Gotabaya Rajapaksa directs the legal experts and the Department of Prisons to look into ways of granting some relief to the prisoners who were charged with minor offenses and those who are unable to meet their bail conditions.

Fitch Ratings: APAC Banking Outlooks Negative as Coronavirus Heightens Risks

March 21, 2020

Fitch Ratings-Hong Kong-20 March 2020: Fitch Ratings has revised the outlook for a further 10 APAC banking systems to negative, meaning that all 17 banking systems in the region are now assessed as having a negative sector outlook.

World Bank Group Increases COVID-19 Response to $14 Billion To Help Sustain Economies, Protect Jobs

March 19, 2020

The World Bank and IFC’s Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19.

Moody’s revised 2020 forecasts highlight no growth in Japan and Singapore, slower growth in China, and contractions in Hong Kong

March 19, 2020

Moody's Investors Service has revised its forecasts for most APAC economies on coronavirus implications, incorporating ongoing travel restrictions and heightened containment measures, as well as the recent oil price shocks

Coronavirus could cut global growth by 0.1% to 0.4%: ADB

March 18, 2020

MANILA (Reuters): The Asian Development Bank (ADB) said on Friday the coronavirus outbreak is set to trim economic growth in developing Asia and around the world this year.

SEC to take measures to support stock market

March 18, 2020

The Members of the Commission of the Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting Thursday to assess the current situation in the stock market and determine what regulatory relief and assistance was needed to manage the impact arising from the global stock market downturn due to the panic triggered by the escalation of the Covid-19 outbreak.

COVID-19 Outbreak to have significant economic impact on developing Asia: ADB

March 18, 2020

The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, including sharp declines in domestic demand, lower tourism and business travel, trade and production linkages, supply disruptions, and health effects, according to a new analysis by the Asian Development Bank (ADB).

COVID-19 Outbreak to Have Significant Economic Impact on Developing Asia

March 11, 2020

The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, including sharp declines in domestic demand, lower tourism and business travel, trade and production linkages, supply disruptions, and health effects, according to a new analysis by the Asian Development Bank (ADB).

SDFR and SLFR maintain rates on 6.50 percent and 7.50 percent – CB

March 5, 2020

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 6.50 percent and 7.50 percent, respectively, and thereby continue its accommodative monetary policy stance.

Colombo land priced increases by 10.4% during 2nd half of 2019

February 27, 2020

Land Valuations Indicator (LVI) for Colombo District compiled by the Central Bank of Sri Lanka (CBSL), reached 138.9 during the 2nd half of 2019, recording an increase of 10.4 per cent compared to the 2nd half of 2018. All three sub-indicators of LVI, namely Residential, Commercial and Industrial have contributed to this increase.

Exports declined while expenditure on imports increased during December 2019

February 18, 2020

Earnings from exports declined while expenditure on imports increased during December 2019, widening the trade deficit. During the year 2019, the trade deficit contracted significantly, driven by a sharp contraction in import expenditure.

Credit Support to Accelerate Economic Growth

February 10, 2020

With a view to accelerating economic growth in the country and based on discussions held with the Hon. Prime Minister and the Minister of Finance, officials of the Office of the President, Office of the Prime Minister and Ministry of Finance,

EDB Chief Wants Export Boom to Be Everyone’s Priority

January 31, 2020

Export Development Board (EDB) Chairman Prabhash Subasinghe yesterday urged that boosting exports must be everyone’s priority, as the key agency set an ambitious yet achievable target of $ 18.5 billion this year, up by 15% from 2019.

Central Bank expects economic growth to reach 4% this yea

January 30, 2020

Economic growth in Sri Lanka will surpass 4 percent by 2020 as there has been a notable improvement in business confidence induced by political stability and targeted action taken by authorities to boost demand, the Governor of the Central Bank said.

Inflation indexes 6.2% in December 2019

January 23, 2020

Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 6.2 percent in December 2019 from 4.1 percent in November 2019.

Trade deficit contracts marginally in November 2019

January 20, 2020

The trade deficit contracted marginally in November 2019 (year-on-year), with both imports and exports declining. During the first eleven months of 2019,

Trade deficit contracts marginally in November 2019

January 17, 2020

The trade deficit contracted marginally in November 2019 (year-on-year), with both imports and exports declining. During the first eleven months of 2019, the trade deficit contracted compared to the corresponding period in 2018, as a result of the significant decline in expenditure on imports along with a marginal increase in earnings from exports.

Sri Lanka aims big targets in trade with Russia

January 16, 2020

According to Foreign Minister Dinesh Gunawardena, Sri Lanka aims to increase bilateral trade with Russia to US$ 700 million and to continue policies set by the previous administration.

World Bank predicts Sri Lanka’s economic growth at 3.3 pct for 2020

January 13, 2020

Sri Lanka is expected to grow by 3.3% in 2020 compared to a projected 2.7% in 2019, while maintaining a tight budget, the World Bank said. "In 2020, growth in Sri Lanka is projected to rise to 3.3 per cent," said the Global Economic Prospects report.

Monetary Policy Review : Sri Lanka aims at stable rupee, forex reserves, IMF engagement

December 28, 2019

Economy News Update: Sri Lanka will seek to accumulate forex reserves and stabilize exchange rates, and will engage with the International

Inflation in Sri Lanka falls to 4.1-pct in Nov

December 26, 2019

National inflation in Sri Lanka decreased from 5.6 percent in October to 4.1 from 12 months to November 2019, but prices rose by 0.8 percent in the month. The National Consumer Price Index rose to 132.9 points, up from a 1 percent increase in October, to 0.8 percent in the month of November.

Sri Lanka holds first conference on ‘Resource Efficiency and Circular Economy’

December 19, 2019

National Cleaner Production Centre (NCPC) organized a media launch on the 1st Sri Lankan Conference on Resource Efficiency and Circular Economy on 3rd December 2019 at the Organization of Professional Association (OPA) with invited local electronic and print media.

In the first 10 months, Sri Lanka’s tourism revenue hits US$ 2.8 billion

December 17, 2019

In the first ten months of 2019, Sri Lanka's tourism sector earnings are reported at US$ 2.806 million, compared to US$ 3.538 million in the corresponding period of 2018, the Central Bank of Sri Lanka's latest External Sector Performance Report.

The trade deficit contracted in October 2019 YoY

December 16, 2019

The trade deficit contracted in October 2019 (year-on-year), with the decline in expenditure on imports and a marginal decline in earnings from exports.

GDP targets set for 6.5 percent per annum

December 10, 2019

One of the series of economic development goals announced by the government yesterday for the next five years is a per capita GDP share of US$ 6,500 per individual Sri Lankan.

Sri Lanka YoY inflation down to 4.4% in Nov 2019

December 3, 2019

CCPI's yer-on-year inflation was 4.4 percent in November 2019, and October 2019 inflation was 5.4 percent, the Census and Statistics Department said.

Sri Lanka Prosperity Index up by 0.783 in 2018

November 18, 2019

Sri Lanka Prosperity Index (SLPI), increased to 0.783 in 2018 from 0.548 recorded in 2017. All three sub-indices of SLPI, namely ‘Economy and Business Climate’, ‘Well-being of the People’ and ‘Socio-Economic Infrastructure’ contributed to this increase.

PMI increased to 57.6 index value in October 2019

November 18, 2019

Manufacturing PMI increased to 57.6 index value in October 2019 mainly due to increase in Production and New Orders compared to September 2019.

External Sector Performance – September 2019

November 18, 2019

Central Banks says In September 2019 (year-on-year), the trade deficit increased, with the fall in export earnings exceeding the decrease in import spending.

Sri Lanka economy remains vulnerable to adverse shocks: IMF

November 5, 2019

Sri Lanka’s economy remains vulnerable to adverse shocks given the high public debt and low reserves, the International Monetary Fund (IMF) stressed.

Central Bank says Sri Lanka economy to grow 3.5-pct in 2020

November 5, 2019

In 2020, a new Central Bank report says, the Sri Lankan economy is projected to grow by about 3.5 percent in real terms. "Growth is expected to be broad-based and all major economic activities should make a positive contribution," he says.

Trade deficit contracted in August 2019

October 16, 2019

The trade deficit contracted in August 2019 as the decline in imports continued while the dip in exports in the previous month has largely recovered. Import expenditure recorded a decline of 16.6 per cent (year-on-year) and export earnings declined fractionally by 0.4 per cent (year-on-year) in August 2019, mainly due to the lower prices of major export categories.

Purchasing Managers’ Index (PMI) valued 54.7 in September 2019

October 16, 2019

Manufacturing activities expanded at a slower rate in September 2019, recording an index value of 54.7 which is a decrease of 1.9 index points, compared to August 2019. This slowdown in manufacturing PMI was mainly driven by the slowdown in Production and New Orders during the month of September.

Fitch Rtgs: Sri Lankan Bank Lending Rate Cap May Not Support Loan Growth

October 8, 2019

The lending rate cap recently imposed by the Central Bank of Sri Lanka (CBSL) on rupee-denominated loans extended by Sri Lankan banks may not improve loan growth in the short term, Fitch Ratings says. To the extent banks cannot price for risk in order to make hurdle rates of return, they may extend less credit for riskier consumer and commercial loans that carry higher losses.

The western province continued larger contribution to GDP

September 28, 2019

The western province continued to account for the biggest share in 2018 as estimated by the Statistics Department of the Central Bank of Sri Lanka (CBSL) according to the Provincial Gross Domestic Product (PGDP). The second and third largest contributors, respectively, were the central and northwestern provinces.

Improving the efficiency of the transfer to market lending rates of recent policy decisions

September 24, 2019

Over the past eleven months, the Central Bank of Sri Lanka has taken a number of monetary and regulatory policy measures to induce a reduction in market lending rates. These measures include the reduction of the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points in two steps,

Relief on Motor Vehicles Imported for Personal Use

September 24, 2019

The government has decided to declare a grace period for imported motor vehicles during the period from January 2015 to November 2017 and pending the Hambantota Port customs clearance, subject to the following requirements being met.

Sri Lanka Makes Stronger Presence at the Fine Food Australia – 2019

September 22, 2019

Ten coconut exporters from Sri Lanka were housed in the CDA Pavilion and four businesses from Ceylon Tea were under the Pavilion of the Tea Board. Furthermore, eight individual Sri Lankan exporters representing food industries participated in Find Food Australia 2019 and promoted Sri Lankan value-added food products.

2020-2025 Economic Acceleration Framework launches from Ceylon Chamber

September 19, 2019

The Ceylon Chamber of Commerce launched the working draft of their 2020-25 Economic Acceleration Framework, at the Sri Lanka Economic Summit (SLES) recently.  The Framework was introduced by Dr. Hans Wijayasuriya during the title keynote session, which focused on re-calibrating Sri Lanka’s economic trajectory.

Sri Lanka’s rough rice prediction bumped up to 4.6mn tones for Yala 2019

September 17, 2019

In 2019, Sri Lanka enhanced paddy (rough rice) output from both growing seasons to 4,613 million metric tons, up 5.5 percent from an initial estimate, and up 17 percent from last year, state agricultural officials said.

Sri Lanka’s forex reserves US$ 185mn In August

September 9, 2019

The forex reserves of Sri Lanka increased to 8,532.6 million US dollars in the month of August 2019, official information showed. The gross official reserves of Sri Lanka consist of both the central bank and the treasury's balances. Fiscal balances, which operate as debt raising and settlement,

Exports have increased from 13% to 20% of GDP since 2015

September 6, 2019

Sri Lanka's export turnover amounted to $9.5 billion during this year's first seven months, while the goal was $18.5 billion.

This month’s global tea marketing campaign will kick off

September 6, 2019

The much-anticipated worldwide tea marketing campaign would lastly get off the ground on September 25,

Abans Group Opens Trading at CSE to Celebrate 50th Anniversary

September 2, 2019

A market opening ceremony was organized at the Colombo Stock Exchange (CSE) to mark the 50thAnniversary of Abans Group, as part of a series of events organized by the company to celebrate its corporate milestone.

Bangladesh, Sri Lanka’s trade with Asia’s fastest-growing economy

August 18, 2019

Bangladesh, Sri Lanka's trade with Asia's fastest-growing economy, is set to rise when both countries meet later this year for ministerial trade talks-after nearly three years.

Manufacturing and Service Sectors continue expansion in July 2019

August 16, 2019

According to the Sri Lankan Purchasing Managers Index (PMI) published by the Central Bank's Statistics Department on Thursday, both manufacturing and service industries continued to expand last month after the terrorist attacks of April 21. Manufacturing operations continued to expand at a greater pace in July 2019, recording an index value of 55.7,

Pan Asia Bank extends green lending to Papaya cultivators

August 1, 2019

Pan Asia Bank, with its island-wide network of 85 branches, has been working closely with the agriculture sector in recognition of the significant contribution made by this community, which is engaged in agriculture and related businesses, to the growth of the country’s economy.

Dedicated apparel zone area

August 1, 2019

Rehan Lakhany, Chairman of the Sri Lankan Apparel Exporters Association, said key stakeholders in the Sri Lankan apparel industry are in discussions with the government to create a specialized manufacturing area in the apparel industry.

In the first half of 2019, exports grew 11.4%.

July 24, 2019

In the first half of this year Sri Lanka's exports rose 11.4 percent, at $8.4 billion, compared with the corresponding $7.5 billion of last year's era.

Laugfs Gas from Sri Lanka in discussions with LPG’s strategic buyers, hotels

July 20, 2019

Sri Lankan Laugfs Gas is now entering into discussions with strategic investors to make an investment in its energizing and leisure businesses from a domestic cooking gas supplier to regional traders and hotels, President W.K.H. Wegapitiya said.

Softlogic Group’s sales growth is 14%

July 18, 2019

The Group's resilience and uncompromising atmosphere represent the 14 percent development in revenues, with a turnover of Rs. 75 billion per capita in the year and a moderating economy development combining acquisitions and company development, "said Chairman / General of the Softlogic Group Ashok Pathirage.

Macroeconomic fundamentals 4th Q growth to be favorable: Governor Dr. Indrajith Coomaraswamy

July 11, 2019

Governor of Central Bank Dr. Indrajith Coomaraswamy said the macro-economic fundamentals of the country were in a pretty good form yesterday, with growth for the fourth quarter favored. "We raised enough funding too, almost by the middle of next year, to fulfill our commitments," he said.

Overnight target rate of Sri Lanka decreased 84 bp since floor rate decreased

July 10, 2019

The central bank of Sri Lanka supported overnight prices at around twenty basis points above its policy level, which on 31 May fell 50 basis points and, from the last policy conference, official information showed that the de facto target rate had dropped to a further eighty-one basis points.

Govt complies with more than 60% of budget suggestions-Mangala

July 9, 2019

The Minister stated that a total of 84 suggestions had been submitted, with only 16 being enacted. Samaraweera said that today's world concentrates more on global warming, environmental conservation, wildlife protection, reforestation of forests, reduction of emissions and, in particular, polyethylene and plastic dumping.

The Prime Minister of Sri Lanka is fighting anti-freeholders

July 9, 2019

Premier Ranil Wickremesinghe of Sri Lanka said that he is fighting in court for anti-freeholders to give titles to peasants and others who, through multiple programs, are granted less certain land rights from the state. Wickremesinghe was cited at a lecture in Ampara as stating "There are some groups that oppose the privileges of the freehold through court actions.

Rupee closes weaker in Sri Lanka with easier bond yield.

July 5, 2019

Sri Lanka's rupee opened up to the US dollar softer on the ground on Friday at 176.15/21, while bond returns decreased and shares opened up 0.5% higher.

Sri Lanka’s first quarter income tax revenue was significantly greater

July 2, 2019

Although the general government revenue of Sri Lanka dropped in the first quarter of 2019 as imports slowed down, with a fresh internet collection scheme and better enforcement, income tax profits were noticeably greater, the Treasury said.

In the first quarter of 2019, the Sri Lankan Ports Authority made Rs10.5bn profit.

July 1, 2019

In the first four months of 2019, the Sri Lankan Ports Authority, which operates the island's merchant shipping harbors, produced a profit of 10.5 billion rupees, the finance ministry said, as cargo volumes rose sharply.

Exports of tea are gaining in May.

July 1, 2019

Sri Lankan tea exports totaled 26.6 M / kgs for the month of May 2019, demonstrating an increase of 3.5 M / kgs compared to 23.07 M / kgs for May 2018.

Support for the growth of digital infrastructure for the freelance community

June 26, 2019

The government is making an effort to provide necessary legal or infrastructure support to develop the freelancing community as well as the startup culture in Sri Lanka,

The Governor of the Central Bank focuses on growth rates

June 25, 2019

In a recent discussion with the KPMG team, Central Bank Governor Dr. Indrajit Coomaraswamy affirmed that if Sri Lanka continues on this favorable route,

Inflation drop in month of May

June 24, 2019

Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 dropped from 3.6% in April 2019 to 3.5% in May 2019

Nominations are now open for e-Swabhimani 2019

June 18, 2019

The Digital Social Impact Awards launched e-Swabhimani calling for apps for 2019. E-Swabhimani is now in the process of acknowledging digital applications/solutions that have a favorable social impact, in line with the government's policy on digitizing the economy.

YoY inflation in May reached 5%

June 6, 2019

YoY inflation as measured by CCPI is 5 percent in May 2019 and 4.5 percent in April 2019.

Governor Advices on the Financial Discipline

May 30, 2019

Central Bank Governor, Dr. Indrajit Coomaraswamy yesterday said, Sri Lanka should maintain tight financial discipline over the next few years to strengthen the country’s financial situation and take the country forward as the Easter Sunday bomb attacks have already taken its toll on the economy. However, he said but Sri Lanka has been able to manage the negative impact in the aftermath of the attacks.

The CWG Failed Bid Incurs a Massive Loss.

May 30, 2019

The Auditor General had examined the expenses of the CWG Hambantota 2018 (Pvt.) Ltd from November 23, 2010, to May 31, 2013, its initial share capital, financial donations to it, its financial statements and legal matters in relation to its liquidation.

Hela Clothing Attracts More Investors.

May 30, 2019

Sri Lankan apparel manufacturer, Hela Clothing Group, announced it has completed the balance raise of $3.6 million from its Series A funding round bringing the total equity raised to $10 million,

Sri Lanka set goals to raise US$2 billion

May 23, 2019

Central Bank Governor Dr. Indrajit Coomaraswamy said Sri Lanka's goal is to raise another $ 2 billion ahead of a presidential election in December.

Sri Lanka’s Inflation Rises Up To 3.6%

May 22, 2019

Sri Lanka's nationwide inflation in April 2019 determined under the National Consumer Price Index (NCPI) rose to 3.6 percent from 2.9 percent recorded in March on a year-on-year basis, the Department of Census and Statistics reported Tuesday

Lanka to Attract Business Worth USD 1 million from Japan.

May 16, 2019

Sri Lankan ICT, BPM delegation at Japan IT Week expects to attract USD 1 mn worth of business by end of 2019.

Increment of Foreign Grants up to 12.5 Billion

May 10, 2019

From 8 billion in 2017, the total foreign grants received by Sri Lanka from multilateral and bilateral sources increased drastically to 12.5 billion in 2018.

Central Bank Launches A Roadmap For Sustainable Finance

April 12, 2019

On the 10th of April 2019, the Central Bank of Sri Lanka Launched the Roadmap for Sustainable Finance in Sri Lanka at the Sustainable Banking Network Global Meeting

Government Stabilizes 1.5% of the ISB Interest Rate.

March 14, 2019

Resulting in an increase of 1.5% in the interest rate on International Sovereign Bonds (ISBs), the forming of a 52-day illegitimate Government has amounted a loss of Rs. 6.4 Billion in the recent issue of ISBs, Finance Minister, Mangala Samaraweera said yesterday.

Three Major Policy Priorities Established In Order, To Rebuild Economy

February 25, 2019

Mangala Samaraweera, Finance and Media Minister reported that the government is looking forward to and focusing on rebuilding and re-positioning the island with three major economic policy priorities; namely,

Govt Tailored To Change The Direction Of The Economy

February 6, 2019

The state administration has taken up the challenge of re-rooting the path of the major economic indicators of the country, Eran Wickramaratne, State Minister for Finance and Media said the 60th AGM of the National Chamber of Commerce of Sri Lanka recently.

SL Economy To Maintain 3.75% Growth This Year – Governor

January 23, 2019

Sri Lanka will maintain economic growth of around 3.75% in 2019, said Central Bank Governor Dr. Indrajit Coomaraswamy at the Sri Lanka Economic Association (SLEA) annual session held in Colombo last Friday.