IMF Says It Is ‘Ready’ To Help Sri Lanka – If Asked
AFP : The International Monetary Fund is ready to discuss “options” with Sri Lanka if the government asks for financial support, its mission chief for the island told AFP on…
Pakistan likely to issue $200 million loan to Sri Lanka
Pakistan is likely to issue a $200 million loan to Sri Lanka after the country will get a loan installment of $1 billion from International Monetary Fund (IMF). According to…
Sri Lanka seeks IMF advice amid worsening crisis
(AFP) : Sri Lanka has asked for “advice” from the International Monetary Fund amid a worsening economic crisis, the finance minister said Wednesday, signalling Colombo could seek an international bailout. The…
9 Finance Companies Infused Rs.12.6B in fresh capital to meet regulatory capital requirements
Under the Central Bank of Sri Lanka’s (CBSL) Masterplan for Consolidation of Non-Bank Financial Institutions, nine Finance companies have already introduced fresh capital of Rs 12.56 billion to meet regulatory…
Sri Lanka’s saving interest rates cross 5 percent
Sri Lanka’s saving interest rates are continuing on an upward trajectory in responding to monetary policy tightening measures taken by the Central Bank of Sri Lanka (CBSL). The Average Weighted…
LINDEL takes home Bronze Award in Land and Property Sector at 56th Annual Report Awards organized by CA Sri Lanka
DFCC Group subsidiary, Lanka Industrial Estates Ltd (LINDEL), was recently awarded the ‘Bronze award’ for their Annual Report for financial year 2020/21 themed “From Resilience to Progress”, in the ‘Land…
Sri Lanka imported $351.9 million worth of telecommunication devices up to November 2021
Sri Lanka imported $351.9 million worth of telecommunication devices (mainly mobiles and telephones) in the first eleven months of 2021 indicating a 52.3 percent increase over the corresponding period of…
ASPI to reach 15,000 in 1Q with negative returns predicted to materialize from 2Q onwards with possible shocks
The main index of the Colombo Stock Exchange (CSE), the All Share Price Index (ASPI) is forecasted to reach the 15,000 mark in the first quarter of the year before…
CEB Engineers Calls for Removal of CEB Chairman over the appointment of ‘bogus’ GM
Ceylon Electricity Board Engineers Union (CEBEU) calls for the removal of the CEB Chairman M C Ferdinando amidst escalating row on the appointment of CEB General Manager (GM) in the…
CBSL increases policy rates by 50 basis points
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has increased policy rates by 50 basis points to l curtail the possible build-up of underlying demand pressures in…