The lender has provided US$298mn to fight the pandemic
"The President said that the government is ready to bear the cost to ensure that the consumers can purchase rice for exi
Under 'revenue based fiscal consolidation' state sector was expanded and salaries raised over several years
Export Import Bank of Korea will give loans of up to 40-year payback with 10-year grace at rates of 0.15-0.2-pct
The new rules apply to bills of lading and airway bills dated May 06 or after.
CPC had bank borrowings of Rs318bn or 2.5-pct of GDP with the central govt already running a 101-pct of GDP debt
Past projections have been wildly off target when money was printed for 'stop-go' policies
Sri Lanka's private credit from commercial banks grew by 112.2 billion rupees in March 2021
Five 'grade-A' turmeric plants would be given to 1.5mn families to produce their own requirements
Hgher levels of monetary instability and lower growth was seen from around 2015 with 'flexible' policy
he food sub-index was up 9.0 percent during the past 12 months.
The state will direct the fertilizer subsidy to cover crop losses
The inverted interest rates differential had already turned forward exchange rate premiums negative
Sri Lanka’s challenging macroeconomic situation will likely moderate growth in 2022
Interbank forex market largely inactive
The Sri Lanka embassy in Kuwait says it has repatriated 6,000 stranded migrant workers
World Bank has also re-directed funds from existing loans for Coronavirus costs
Export earnings were up 11.5 percent in the first quarter of 2021 to 2,945.53 million US dollars.
Bank treasurers summoned by authorities
Proposed National Debt Securities Centre to guarantee loans to small and medium businesses
Units of foreign companies have been allowed to borrow from parents
Sri Lanka has raised a tax on potatoes to give higher profits to farmers as harvests come in
Sri Lanka's unemployment fell to 5.2 percent in the fourth quarter of 2020 from an 11 year high of 5.8 percent in the th...
Sri Lanka residents who have worked abroad, and individuals or firms providing services to foreigners can now open accou...
Lanka Sugar Company (Pvt) Ltd, built by re-expropriating two privatized firms, are now making profits after ethanol impo...
2 mins read