Central Bank reduces its policy interest rates
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility […]
China stalling IMF relief for debt gripped Sri Lanka: Report
Sri Lanka’s is facing a big challenge from its largest bilateral lender, China to secure a concrete debt relief framework, […]
SriLankan Airlines issues apology regarding grounding of recent flights
An apology has been issued by SriLankan Airlines regarding their extensive cancellation of flights recently. The matter has been a […]
Lanka IOC’s unveiling of the country’s first female-operated filling station.
The country has recently seen the unveiling of its first centrally-monitored, fully automated, female-operated Lanka IOC (LIOC) filling station. The […]
Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘RD’
FitchRatings has downgraded Sri Lanka’s Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’. The ratings […]
Sri Lanka’s official reserve assets drop by 4.4% in Aug. 2023
Sri Lanka’s official reserve assets stood at USD 3,598 million in August 2023, the Central Bank of Sri Lanka (CBSL) […]
Train services on coastal line disrupted as train collides with van
A Colombo-bound train has collided with a van at an unprotected level crossing at Thalpitiya in Wadduwa, disrupting train services […]
Maximum retail price imposed on eggs to be removed
An Extraordinary Gazette notification has been issued by the Consumer Affairs Authority (CAA) stipulating maximum retail prices for eggs by weight, with […]
Colombo, clothing sector in crisis: 50,000 workers laid off
About 50 thousand garment workers have lost their jobs due to the economic crisis. The country is home to more […]
CBSL warns general public over pyramid-type schemes in Sri Lanka
The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to consider instituting criminal proceedings against three pyramid-type […]