Fitch Ratings has affirmed Sri Lanka's long-term foreign-currency issuer default rating at CCC. It said the island nation's CCC rating reflects a challenging foreign-currency sovereign external debt repayment burden over ...
The regulatory risk-based capital (RBC) ratios of non-life insurers in Sri Lanka will normalize in the medium term with the resumption of dividend pay-outs to shareholders and a likely moderation ...
S&P Global Ratings on Monday affirmed its long-term foreign and local currency sovereign credit ratings on Sri Lanka at CCC-plus. It also affirmed short-term foreign and local currency credit ratings ...
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1, increased to 4.5 percent in May 2021 from 3.9 percent in April 2021. ...
Sri Lanka’s export performance continued its upward momentum in the first three months of 2021 with export earnings reaching nearly US$ 800 million in April 2021, according to the Export ...
Sri Lanka’s Central Bank releasing the monetary policy review on Thursday said the Monetary Board has decided to continue the current accommodative monetary policy stance. Accordingly, the Monetary Board of ...
Sri Lanka’s external sector showed a mixed performance in March 2021 with a widened trade deficit on the one hand, and a healthy growth in workers’ remittances and a slight ...
Sri Lanka announced on Friday that its economy shrank by 3.6 per cent last year. This marks the worst economic downturn for the country since independence from Britain since 1948. ...
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) decreased to 3.9 per cent in April 2021 from 4.1 per cent in ...
The Asian Development Bank expects Sri Lanka’s economy to significantly rebound in 2021 as economic activity strengthens and vaccination campaigns gather momentum domestically and abroad. The ADB’s flagship annual economic ...
Colombo | EDB: Sri Lanka surpassed $ 1 billion exports in March 2021 after a lapse of six months period. As per the Customs statistics, earnings from merchandise exports recorded ...
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 5.1 per cent in March 2021 from 4.2 per cent in ...
The increase in exports to the pre-pandemic levels, the notable increase in workers’ remittances and the relative stability in the domestic foreign exchange market supported Sri Lanka’s external sector in ...
Purchasing Managers' Indices (PMI) for both Manufacturing and Services activities expanded in March. Indicating a strong revival in manufacturing activities in the country, the manufacturing PMI reached a 9-month high ...
The Central Bank of Sri Lanka (CBSL) confirms that the Sri Lankan Rupee has depreciated further against the US Dollar. As a result, one US Dollar is currently selling for ...
The rapid spread of the coronavirus disease (COVID-19) in 2020, the largest pandemic in more than a century, triggered severe public health and economic crises across the world including in Asian Development ...
Despite the heavy toll of the COVID-19 pandemic on Sri Lanka’s economy and the lives of its people, the economy will recover in 2021, though challenges remain, says the latest ...
Today, the Sri Lankan Rupee depreciated further against the US Dollar. The sale rate of the US dollar was Rs. 203.50, according to the Central Bank of Sri Lanka. Meanwhile, ...
LONDON (Reuters) - The world’s top finance ministers are set to back a new $650 billion allocation of the International Monetary Fund’s (IMF) own currency, Special Drawing Rights, to help ...
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased to 4.1 per cent in March 2021 from 3.3 per cent in ...
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