Sri Lanka’s Treasury bill yields rose across all maturities with three-month yields rising 30 basis points to 10.11 per cent, six-month yields 24 basis points to 10.18 per cent and 12-month yields 15 basis points to 10.45 per cent, the data

Sri Lanka's rupee hit a record low of Rs.121.20/40 against US dollar today.   This was mainly due to importer dollar demand, as the Central Bank stayed away in line with its new policy against intervening to defend a specific price, curren

Sri Lanka Treasury bill yields rose across all maturities at yesterday's auction, with 12 month yields topping 10 percent for the first time this year, data released by the Public Debt Department of the Central Bank showed

Reuters—Sri Lanka's rupee currency, which had an all-time closing low on Tuesday, initially weakened further today but then strengthened as state banks sold dollars.

The Monetary Board of Sri Lanka has finally decided to increase the policy rates by 50 basis points owing to increased private sector credit growth that is resulting in a widening trade deficit

Sri Lanka’s January inflation slowed to 3.8 percent from a year and from 4.9 percent recorded in December 2011, the data released by the Census and Statistics Department said

Sri Lanka’s celco leader Dialog Axiata is believed to have finalized a deal to buy over 100 percent of fixed line-CDMA operator Suntel Private Limited; an informed source reveled to Mirror Business

The International Finance Corporation (IFC), a member of the World Bank Group, has extended a seven-year, US$ 65 million (approximately Rs 7.4 billion) financing facility to the Commercial Bank of Ceylon PLC to expand the latter’s lending to Sm

Sri Lanka’s point to point inflation slowed to 5.1 percent in October, from 6.4 percent in September, recording the third straight monthly slowdown, according to Census and Statistics Department data

Sri Lanka and the Asian Development Bank (ADB) have agreed on a new Country Partnership Strategy (CPS) for 2012 to 2016 to reduce regional disparities, catalyze private sector participation in development, and remove human resource constraints. Th

Sri Lanka’s exports rose 19.1 percent to US$ 952 million while expenditure on imports increased 66.5 percent to US$ 1, 837 million in the month of August year-on-year, country’s Central Bank said

Central Bank of Sri Lanka (CB) has decided to maintain interest policy rates at its current levels, banking on an expanding economy, decline in inflation and excess liquidity in money markets, and expected growth in export earnings.

Sri Lanka recorded a Balance of payment (BoP) surplus of US$ 1, 006 in the first seven months of 2001, amidst officials reserves hitting over US$ 8 billion the Central Bank said

The proposed Finance Business Bill was passed by the Parliament and this new act will enhance the supervisory powers of the regulators over licensed finance companies and provide legal provisions to effectively curb unauthorised deposit taking per

Central Bank of Sri Lanka is to maintain its policy rates at their current levels i. e. repurchase rate at 7 percent and reverse repurchase rate at 8.5 percent, a statement by the Central Bank said

Sri Lanka’s exports during the month of June rose 32 percent to US $.620 million while the expenditure on imports also increased 50 percent to US $1.6 billion, resulting in a trade deficit of US $850 million over the same period of the previous

TOKYO: Ratings agency Moody's downgraded Japan's sovereign rating by one notch on Wednesday, heaping more pressure on the country's political leaders to address the industrialised world's largest debt

Massachusetts: US President Barack Obama on Monday reached out to respected business figures Warren Buffett and Ford chief Alan Mulally as he frames a major new plan on jobs and the deficit

With a view to facilitating the foreign exchange transactions of the growing economy of Sri Lanka, a few new policy measures have been introduced by the Central Bank to relax the foreign exchange regulations further, a statement by the Central Ban

Fitch Ratings has confirmed the United States' top-notch credit rating and, in blatant disagreement with rival Standard & Poor's, gave a vote of confidence to Washington's deficit-reduction efforts

Smart Media – The Annual Report Company, continued its exceptional performance on the world stage with outstanding results at the League of American Communications Professionals (LACP) Vision Awards 2010. 

Pan Asia Bank announced the completion of a very successful first half in 2011, with Net Profit after Tax increasing to Rs 406 Mn which is 169 % better than  the  corresponding period for 2010. Bank’s Net Interest Income for the peri

Nationally significant export contributions by companies in the Hayleys Group have been acknowledged with five awards and a Certificate of Merit at the recently concluded Presidential Export Awards.

The Sri Lanka Insurance sector has recorded a 19.63 percent growth in 2010 compared with 2009, taking in a Gross Written Premium Income (GWMI) of Rs.68.4 billion, according to the data released by the insurance regulator, Insurance Board of Sri Lanka

The latest guesswork of analyst revolving the ‘cash in hand’ situation of Harry Jayawardena owned Distilleries Company Plc has indicated that the business tycoon is in the look out to acquire an insurance company, Mirror Business learns.

At the time of its inception, Trillium Residencies, a BOI-approved luxury condominium project was the only one of its kind in the country that was willing to pledge an investment of Rs. 7 billion to-date. 

The economic output of Sri Lanka as measured  by GDP for the year 2010  at constant (2002) prices is estimated at  Rs. billion 2,645.4 as  against Rs. billion 2,449.2  in the previous year, registering an 8.0 percent growt

State-owned funds once again showed muscle, pushing the appointment of a top government official to the director board of Sri Lanka’s largest private bank, Commercial Bank of (Ceylon) Plc.

Dr. Mahmoud Mohieldin, Managing Director of the World Bank, visited Sri Lanka to get a first hand view of the country’s achievements, challenges and potential. He was accompanied by Diarietou Gaye, World Bank’s Country Director for Sri La

Standard Chartered PLC today announced an eighth successive year of record income and operating profit, demonstrating the consistent and sustainable growth strategy of the Group. The bank continues to invest selectively in the business, positioning t