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Inter-relationship between related government institutions critical to enhance the Ease of Doing Business Rankings

When dealing with raising the value of Sri Lanka’s ease of doing business index, there should be an inter-relationship between related government institutions, Madhura Withanage said. He made these remarks…

Five Banks face financial penalties over non-compliance with AMT/CFT rules

Sri Lanka’s s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Financial Intelligence Unit (FIU)fined five banks for non-compliance with the provisions of the e Financial Transactions…

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…

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…

Sri Lanka holds rates as crisis-hit economy banks on govt reforms, IMF bailout

The Central Bank of SRI Lanka held policy rates steady on Thursday (Oct 6), saying monetary conditions remain “sufficiently tight” after a massive rate-hike campaign earlier in the year as…

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 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…

Ceylon Chamber’s National SME Forum 2022 highlights Resilience Measures for SMEs

Digital transformation and innovation that sees opportunity in turbulence in order to attainresilience and growth, were among key themes that were explored at the National SME Forum2022 organised recently by…