Sri Lanka becomes first in Asia to tighten policy in pandemic-era
(Reuters) – The Central Bank of Sri Lanka (CBSL) became the first in Asia on Thursday to raise interest rates since the pandemic began, as it acted to stem inflationary…
Sri Lanka Imposes stricter regulations relating to import delivery fees and import container deposit refunds
Stricter regulations relating to import delivery fees and import container deposit refunds have been announced by the Sri Lankan Director General of Merchant Shipping (DGMS). Under this new regime, the maximum…
Sri Lanka’s SME Business sentiment remains pessimistic in June
Business sentiment among Sri Lanka’s small and medium-sized enterprises (SMEs) remained pessimistic with an overall score of 36.3 out of 100, ‘SME pulse’ survey conducted by Sri Lanka@100. SME pulse computes…
National Inflation remained unchanged in June
Headline inflation based on the National Consumer Price Index remained unchanged at 6.1 percent in June1 due to the statistical effect of the high base prevailed in June 2020. Meanwhile,…
Sri Lanka’s FIU imposes financial penalties on DFCC Bank and Union Bank for non-compliance with AML/CFT rules
Sri Lanka’s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), the Financial Intelligence Unit (FIU) imposed financial penalties on Union Bank of Colombo PLC and DFCC Bank PLC…
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Central Bank of Sri Lanka eyes to attract Singaporean Fintech players to its Fintech Sandbox
Sri Lanka – Singapore Business Council (SLSBC) headed by leading venture capitalist Prajeeth Balasubramaniam is facilitating cooperation between Sri Lankan and Singaporean authorities to support the Central Bank of Sri Lanka…
Central Bank of Sri Lanka holds policy rates at their current levels despite inflationary concerns
The Central Bank of Sri Lanka (CBSL) decided to hold key policy rates at their current levels despite concerns over rising inflation rates and possible inflationary pressures over the medium…
Ceylon Graphite Enters into Strategic Partnership with Sri Lanka’s LOLC to Capture Global Battery Anode Market
Sri Lanka’s diversified Conglomerate LOLC Holdings PLC has entered into MOU with Vancouver-based Ceylon Graphite Corp. to jointly develop at least three new graphite mines and to set up a…
United States Provides $75 million to NDB Bank to Strengthen Sri Lankan Small and Medium Businesses
The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic. The U.S. International Development Finance Corporation…
Ceylon Chamber welcomes acceleration of vaccine drive
The Ceylon Chamber of Commerce commends the efforts taken by the President, Ministry of Health, and other relevant authorities to accelerate the process of vaccinating the population of Sri Lanka…