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Sri Lanka

Sri Lanka to remain on policy loosening course, next rate cut likely in August analysts foresee

Editor_1 Jun 2, 2023
Sri Lanka's central bank is likely to continue to ease monetary policy, following a 250 basis points rate cut on Thursday (June 1), as it tries to boost economic growth and lower borrowing costs for the government in the crisis-hit economy
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Sri Lanka

No pre-determined level to stop Sri Lanka rupee appreciation says CB Governor

Editor_1 Jun 1, 2023
Sri Lanka’s central bank does not have a pre-determined level to stop rupee appreciation, Central Bank Governor…
Sri Lanka

Sri Lanka professionals, vehicle owners, over 18s, mandated to register under…

Editor_1 Jun 1, 2023
Sri Lanka’s doctors, accountants, bankers, architects, quantity surveyors, lawyers of the Supreme Court have to be…
Sri Lanka

Sri Lanka cuts rates by 250 bps, signals rebound from crisis

Editor_1 Jun 1, 2023
Sri Lanka's central bank cut its key interest rates by 250 basis points on Thursday (June 1) as inflation eased,…
Sri Lanka

Sri Lanka in talks with Bill and Melinda Gates Foundation for automation in…

Editor_1 May 31, 2023
Sri Lanka plans to digitalize and modernize the agriculture sector and is in talks with the Bill and Melinda Gates…
Sri Lanka

Sri Lanka rupee’s rally may falter as 16% slide seen on horizon

Editor_1 May 31, 2023
After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan…
Sri Lanka

Sri Lanka’s key inflation rate eases to 25.2% in May

Editor_1 May 31, 2023
Sri Lanka's key inflation rate eased to 25.2% in May from 35.3% in April, the statistics department said on…
Sri Lanka

ADB grants $350 million to cash-strapped Sri Lanka

Editor_1 May 30, 2023
The Asian Development Bank (ADB) approved a $350 million loan on Monday (29) for bankrupt Sri Lanka, buttressing an…
Sri Lanka

US$ 1b Indian Credit Facility extended till March 2024

Editor_1 May 30, 2023
The State Bank of India (SBI) has extended by 12 months, the tenure of the US$ 1 billion Credit Facility provided…
Sri Lanka

Sri Lanka personal income tax shock dims economic activities

Editor_1 May 26, 2023
Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though currency stability…
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