economy

The International Monetary Fund (IMF) says it has not discussed any plans for a digital services tax with the Sri Lankan authorities in the current program. In a statement, a spokesperson for the global lender further clarified that it…

challenged the US dollar’s role as the world’s primary reserve currency for global trade. Ramaphosa, while seconding Lula’s comment, said that the “issue of currency” would be discussed at the upcoming meeting of BRICS countries later…

Debt-ridden Sri Lanka may need to cut interest rates again to further boost growth in its economy, according to the head of its central bank. Dr. Nandalal Weerasinghe, governor of the Central Bank of Sri Lanka, told CNBC Friday that…

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 200 basis points (bps) to 11.00 per cent and…

regulatory or accounting forbearance. We may resolve and affirm the banks’ ratings if we think risks from funding and capital stresses have abated, at both the individual bank and the sector level, to the extent that we believe the…

The Asian Development Bank (ADB) has appointed Takafumi Kadono as the new Country Director for Sri Lanka, who has assumed office in Colombo today. “It is an honor and a privilege to be appointed the Country Director of ADB’s Sri Lanka…

During Prime Minister Modi’s recent visit to Egypt, the bilateral relationship became a strategic partnership.

The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says he is of the view that Sri Lanka must adopt new industrial strategies to direct the country’s industries towards a growth path. The CBSL chief further…

The Resolution on Domestic Debt Optimization (DDO) was passed in Parliament with amendments a short while ago (01 July). Accordingly, the DDO strategy was passed in Parliament with a majority of 60 votes, with 122 votes in favour and 62…

The Sri Lanka Bureau of Foreign Employment (SLBFE) has announced the revised fees charged from migrant workers and overseas employment agencies, which will be in effect from July 01. The SLBFE revised the registration and registration…