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Analysts see a 50% probability for CBSL to maintain the policy rates at its current levels

First Capital Research (FCR) predicts a 50% probability for the Central Bank of Sri Lanka (CBSL) to maintain the policy rates at its current levels at this week’s monetary policy…

Sri Lankan rupee appreciates by nearly 20% aginst USD

As of last As per the Central Bank data, the buying rate of a US dollar was Rs.295.62 while the selling rate was Rs.305.82 according to the Central Bank. In addition,…

Sri Lanka aims to conclude debt restructuring talks before November 

Crisis-stricken Sri Lanka should be able to conclude newly-launched debt restructuring talks by September, or November at the latest, its president said on Thursday, adding that the negotiations had made…

Sri Lanka’s macroeconomic situation showing tentative signs of improvement – IMF

An International Monetary Fund (IMF) mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to 23, 2023 to discuss recent economic…

CSE plunges to a 3-month low amidst DDR concerns

The Colombo Bourse wrapped the session up in red as its main index, All Share Price Index (ASPI) commenced the week on a negative note losing 105 points and hitting…

Wan Hai adds Colombo call as Sri Lanka repairs unrest damage

Wan Hai Lines has added a call at Colombo, Sri Lanka, to its Asia-US East Coast service. On 16 May, the newly built 13,000 teu Wan Hai A10 docked at…

Bangladesh-Sri Lanka Trade Ties: Issues and Prospects

By Muhammad Estiak Hussain Bangladesh and Sri Lanka are two friendly neighbors from South Asia. Although the formal diplomatic relations were established in 1972, the relationship goes beyond that dating…

SriLankan Airlines’ annual loss climbs to $525 million amidst exchange loss

Cash-strapped Sri Lanka’s national airline announced a staggering $525 million annual loss on Friday. Despite posting an operating profit of Rs. 1.7 billion in FY22 for the first time in…

Market struggles as economic fear persists on DDR

Bourse extended dull sentiment, down marginally as investors continued to remain on the sidelines over rising concerns over Domestic Debt Restructuring (DDR) and waiting for a clear direction on the…

One-Third of the families receiving Samurdhi benefits not entitled to Samurdhi benefits – COPA

The Committee on Public Accounts (COPA) disclosed that almost 33% of the families receiving the Samurdhi benefit are families who should not be entitled to the Samurdhi benefit. According to…