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Central Bank of Sri Lanka adopts further policy measures to strengthen macroeconomic stability

Economic activity is expected to record a gradual recovery following a temporary setback Monetary Policy Review: No. 01 – January 2022 As per the data released by the Department of Census and Statistics, domestic economic activity that was disrupted with the outbreak of the third wave of the COVID-19 pandemic and related mitigative measures is […]

CBSL adopts further policy measures to strengthen macroeconomic stability - Adaderana Biz English

Economic activity is expected to record a gradual recovery following a temporary setback As per the data released by the Department of Census and Statistics, domestic economic activity that was disrupted with the outbreak of the third wave of the COVID-19 pandemic and related mitigative measures is estimated to have contracted by 1.5 per cent,...

Sri Lanka raises rate 2nd time to ease demand - Central Bank News

CentralBankNews.info - central bank news and information with updates on monetary policy and interest rates from central banks around the world

LankaWeb – Cabinet reshuffle put on ice as Government struggles to find solutions

Asset Draft – a working capital solution from Assetline

Assetline Leasing Company Limited (Assetline) recently launched its newest product, Asset Draft, to cater to the working capital needs of the business community. Designed specifically to address the funding requirements of small and medium enterprises, it is structured similar to an overdraft facility, eliminating the possible limitations of fixed term loans that may not meet […]

Global digital transformation company UST explores expansion in Sri Lanka

UST, a leading digital transformation solutions company, headquartered in Aliso Viejo, California, United States, announced that it is exploring the possibility of setting up operations in Sri Lanka. Their intention is to hire over 10,000 new employees across the globe. With offices across 25 countries and over 35 offices, UST is a rapidly growing information […]

ASL Logistics and Acorn Group join forces to launch Fortiz

Acorn Group entered into a strategic partnership with ASL Logistics to launch Fortiz Logistics International (Private) Limited, a fully licensed logistics provider spanning multi-faceted industries serving sea, air and land, at an official ceremony held in Colombo. Fortiz Logistics International offers a broad spectrum of possibilities in achieving seamless freight forwarding and logistics solutions and […]

Unwarranted Rating Action by S&P amid Arrangements to settle ISB Maturity in January 2022 - Adaderana Biz English

Unwarranted rating action by S&P amid arrangements to settle ISB maturity in Jan. 2022 – CBSL

The Government of Sri Lanka (GOSL) is perturbed over today’s announcement by S&P Global Ratings, at a time when the GOSL has diligently lined up adequate funds to repay its maturing foreign debt liabilities and its repeated assurances over the strong commitment to oblige its debt service payments, including the International Sovereign Bond (ISB) maturing […]

LankaWeb – Sri Lanka receives $ 1.5 billion in Chinese currency