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Central Bank Expected to Hold the Key Policy Rates

First Capital Research (FCR) weighed in on a 75 percent probability to maintain the rates while also assigning a lower probability of 25 percent towards a monetary relaxation. “We believe…

Sri Lanka’s offshore Wind generation capacity may reach 1GW by 2030- World Bank

The World Bank (WB) has commenced the industry consultation process to develop an offshore Wind Development Roadmap for Sri Lanka. By 2030, installed offshore Wind generation capacity is estimated to…

Workplace Violence and Harassment Costs Sri Lankan Businesses Millions of Dollars: IFC Study

The impacts of workplace violence and harassment has led to the loss of six working days per employee every year, costing the nine Sri Lankan companies surveyed at least $1.7…

Plantation Sector to Get a Special Allowance under WFP and World Bank Funds from October onwards

Minister of Labour and Foreign Employment Manusha Nanayakkara last week announced that all plantation workers would be given a special allowance under the World Food Program (WFP) and World Bank…

Sri Lanka Secures Initial IMF Approval for $2.9 B Bailout Package

An International Monetary Fund (IMF) mission led by Peter Breuer and Masahiro Nozaki visited Colombo from August 24 to September 1, 2022, to continue discussions on IMF support for Sri…

Ceylon Chamber calls on the government to focus on the Implementation of Progressive Proposals in the Interim budget of 2022

The Ceylon Chamber of Commerce views the interim budget for 2022 delivered by President RanilWickremesinghe in his capacity as Minister of Finance, as a positive step towards rebuilding themacroeconomic framework…

House & Apartment Prices accelerates with Escalating Construction Costs In Sri Lanka

The recently released Q2 data of the House Price Index of LankaPropertyWeb showed that the overall selling prices of apartments increased by 45.17% when compared to Q2 of 2021. According…

IMF staff plans to visit Colombo ths week

An IMF Staff delegation led by Peter Breuer and Masahiro Nozaki plans to visit Colombo during August 24-31 to continue discussions with the Sri Lankan authorities on economic and financial…

CBSL Establish 17-member Stakeholder Engagement Committee Chaired by Prof. Sirimal Abeyratne

The Central Bank of Sri Lanka (CBSL), with a view to broadening its engagement with key stakeholders of the economy, established the Stakeholder Engagement Committee (SEC) by replacing the Monetary…

Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to help alleviate crisis

(Reuters) – Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts…