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Sri Lanka’s Central Bank threatens administrative measures to bring down market rates

(Reuters) – Sri Lanka’s central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with its policy rates and the…

Ceylon Chamber makes clarion call for independence of Central Bank

The Ceylon Chamber of Commerce (CCC) is firmly of the view that institutions such as the Central Bank of Sri Lanka should be allowed to function independently in performing its…

New Incentive package needed to attract investments– Ministerial Consultative Committee on Investment Promotion

The Ministerial Consultative Committee on investment Promotion advised the Board of Investment of Sri Lanka (BOI) to clearly communicate to the Central Bank of Sri Lanka (CBSL) and the Treasury…

PRO FOOD, PROPACK AND AG-BIZ 2022 “Sri Lanka’s Largest Food, Packaging and Agriculture Expo”

Pro Food, Pro Pack & Ag-biz 2022, Sri Lanka’s only comprehensive food, agriculture and packaging exhibition will open its doors to the general public and trade visitors from the 18th ,19th ,…

Sri Lanka budget lays down plans to clinch IMF deal; markets not enthused

(Reuters) – The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget policies,which are not limited to the International Monetary Fund’s recommendations, are followed,President Ranil…

A National committee appointed to formulate all national policies related to food security in Sri Lanka

The National Council sub-committee on identifying short and medium-term programs related to National Policy which met yesterday (10th of November) decided to appoint a sub-committee made up of representatives of…

Ceylon Chamber Presents Reforms to Ensure an Independent Public Service

The progression of Sri Lanka’s economy is dependent significantly on the performance of the public sector. A more efficient and productive public sector is an absolute need in driving forward…

Accenture: Large corporations on track to miss stated net-zero goals

More than 90 percent of large companies that have stated commitments to reaching net-zero emissions will miss such goals at their current pace, according to a new report. Among 2,000…

Four reasons to consider domestic debt restructuring

Sri Lanka faces a challenge to emerge from the continuing crisis. A recent publication by VERITÉ Research argues that domestic debt restructuring (DDR) provides four benefits critical for the economy…

Russia Invites Sri Lankan Exporters to Diversity Export Basket to Russia

Calling on Sri Lankan businesses to leverage the resumption of direct flights to Moscow to diversify theexport basket, the Charge d’Affaires of the Embassy of the Russian Federation in Sri…