CB goes public with deposit rate caps on finance companies

The Central Bank yesterday informed the public of maximum interest rates that could be off...


March inflation unchanged at 4.2%

Sri Lanka’s annual inflation increased to 4.2 percent in March, unchange...


CCC hails finance sector consolidation

Sri Lanka’s premier business chamber, the Ceylon Chamber of Commerce (CCC), yesterda...


Economy grows 7.3% in 2013

The Sri Lankan gross domestic product (GDP) grew at 7.3 percent in 2013 against a previous...


Retrenchment unavoidable in consolidation

Job retrenchment and streamlining of cost structures are likely to be an inevitable by-pro...


February tourist arrivals up 24.5%

Sri Lanka’s tourist arrivals rose 24.5 percent Yearon-Year (YoY) to 141,878 in Febru...


Third gantry cranes shipment arrives at CICT

Mega vessel, Zhen Hua 11 recently shipped a large consignment of gantry cranes and contain...


New tax concessions for integrated resorts

The Cabinet of Ministers of Sri Lanka once again appears to have approved investment conce...


Exports up 13.2% in December

The export earnings rose 13.2 percent year-on-year (YoY) to US $ 986.1 million while the i...


January tourist arrivals up 32%

Sri Lanka received 146,575 tourists during the month of January (2014), up 32.6 percent fr...


Rubber prices take a dip in new year

Sri Lanka’s rubber prices have seen a considerable decline since the beginning of th...


Bloomberg forecast on SL slightly positive

Bloomberg’s regular economic forecast on Sri Lanka showed a sense of relative optimi...


City hotel occupancy down in 2013

The average city hotel occupancy rate during the year 2013 stood at 65 percent, down from ...


Lankan business environment main attraction for FDIs: CCC President

Sri Lanka’s business climate stands as the island’s strongest attraction for F...


Financial sector consolidation progress satisfying: CB

Satisfactory progress has been made on the consolidation of banking and non-banking sector...


StanChart forecasts another rate cut end 1Q

Standard Chartered Bank (StanChart) says the Central Bank is likely to further cut key pol...


Policy rates won’t change in next 3 to 6 months: Cabraal

Sri Lanka’s interest rates are at an appropriate level and the Central Bank probably...


CB dismisses statistic manipulation charges

The Central Bank yesterday dismissed recent allegations of manipulating economic statistic...


FTA with China next boost for Lankan apparel sector: JAAF

Efforts to drive the Sri Lankan apparel sector into a new growth phase may hinge on the su...


Tourist arrivals top 1.2mn for 2013 after data validation

Sri Lanka Tourism yesterday said it had topped the arrival target of 1.2 million tourists ...


Sri Lanka to change inflation index to cover whole nation

Sri Lanka will change its inflation index to change the basket of items and broaden covera...


SL’s remittance inflow to moderate with fresh demand for services sector

Sri Lanka expects a moderation in the growth of remittance inflows in the future, owing to...


Pak’s latest GSP with EU, opportunity for Sri Lankan exporters: Qureshi

Sri Lanka’s second largest trade partner in SAARC is looking for more Lankan exports...


Latest bond issue mirrors investor confidence: CB

The relatively low rate at which Sri Lanka sold its latest US $ 1 billion bond issue refle...


Sri Lanka begins sale of 5-year sovereign bond

Sri Lanka yesterday commenced the sale of her sixth international sovereign bond. Internat...


Central Bank cuts lending rates by 50bps

The Central Bank yesterday compressed the policy rate corridor to 150 basis points (bps) f...


New foreign banks entering market should incorporate business locally: CB

New foreign entrants to Sri Lanka’s banking sector will be required to incorporate t...


Oil prices up on escalating South Sudan violence

Crude edged higher in Asian trade yesterday on supply concerns following escalating violen...


Trade chambers should be more vocal in policy issues: Mathai

All Sri Lankan trade and business chambers must work together to foster improved standards...


Lankan spice exports up 40% during Jan-Oct

Export of Sri Lankan spices increased sharply to 40.4 percent Year-on-Year (YoY) from Janu...


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