Central Bank to wind up ETI Finance through Courts
The Monetary Board of the Central Bank (CB) has decided to cause the Director, Supervision of Non-Bank Financial Institutions to make an application to a competent court for the winding…
First Capital Expects Central Banks to hold its Policy Rates Steady
The Colombo-Based, First Capital Research expects the Central Bank to hold its policy rate steady at the upcoming monetary policy review amidst sweeping measures to insulate the economy. “We believe…
World Bank Forecasts 3.3% economic growth for Sri Lanka in 2021
The World Bank (WB) projects Sri Lanka’s economy to grow by 3.3 percent while expressing concerns over elevated debt distress in the country. The WB in its latest 2021 Global Economic…
Sri Lanka’s economy contracted by 3.9% in 2020- Central Bank
The Central Bank (CB) expects Sri Lanka’s economy to have contracted by 3.9 percent in 2020 well below its earlier projections. “The marginal decline in the first, and the relatively…
Justice K. Sripavan appointed as the New Commercial Bank Chairman
The Board of Directors of Commercial Bank green-lighted the appointment of Justice K. Sripavan as the New Chairman of the Bank with effect from 21st of this month, upon the…
Agriculture
Construction
Debt
Latest News
Local
Mining
Real-estate
SL Business
Sri Lanka
Tourism
Trade
Transport
Sri Lanka faces worst decline as debt crisis looms
Sri Lanka Tuesday announced its worst economic slump with second-quarter GDP plunging 16.3 percent as international concern grows over its ability to repay foreign debt. The department of Census and…
Sri Lanka’s trade deficit declines in October
Sri Lanka’s trade deficit declined by $320 million to $514 million in October compared to the preceding month, the Central Bank (CB) data showed. The $ 514 million trade deficit…