Sri Lanka rupee flat, stocks plunge at open

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Sri Lanka rupee was quoted flat at 185.80/95 to US dollar in the spot market from Thursday’s close while bond yields eased...

Sri Lanka Institute of Marketing to Restart SLIM DIGIS 2.0

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Sri Lanka Institute of Marketing (SLIM), the national body for marketing in Sri Lanka announced the SLIM DIGIS 2020, the most coveted...

Sri Lanka strong export recovery in June to US$950mn: Basil

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Sri Lanka exports has rebounded to 950 million US dollars in June after falling to 250 million US dollars in April 2020,...

Federal Reserve’s USD 1bn Repo facility available to Sri Lanka

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The Federal Reserve in the United States has opened a temporary repurchase agreement facility for foreign central banks including Sri Lanka to...

Sri Lanka gross official reserves at USD 6.7Bn by end June

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Sri Lanka’s gross official reserves stood at US dollars 6.7 billion by the end of June 2020, sufficient to cover 4.2 months...

Central Bank cuts SDFR & SLFR by 100 bps to induce further reduction in...

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The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility...

Sri Lanka inflation marginally down in June 2020

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The year on year inflation as measured by theColombo Consumer Price Index (CCPI) is 3.9 percent in June 2020 and inflation calculated for...

IMF says Asia’s economy will shrink ‘for the first time in living memory’ due...

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The International Monetary Fund said Asia’s economy is expected to contract by 1.6% this year — a downgrade from its previous forecast of...

Takas eCommerce Services expands into the region forming an alliance with SIAR Digital Pakistan

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Among the many players in the local eCommerce sector, Takas stands out as a veteran. The company credits much of its success...

WB approves additional financing of $ 87.24 mn for SL’s COVID-19 Emergency Response &...

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The World Bank Board of Executive Directors recently approved additional financing for Sri Lanka’s COVID-19 Emergency Response and Health Systems Preparedness Project.

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Sri Lanka attracts US$86mn deposits into Coronavirus accounts

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Sri Lanka’s special foreign exchange deposit accounts with an open call to resident and non-resident individuals as the rupee came under pressure...

UNDP and EU support COVID-19 response of 134 local government authorities

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The United Nations Development Program (UNDP) has provided COVID-19 protective and preventive equipment to 134 Local Government authorities across the Eastern, Northern,...

Central Bank approved more than Rs. 60 billion working capital loans to COVID-19 affected...

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The Central Bank of Sri Lanka (CBSL) approved 22,306 loans amounting to Rs. 60,250 million under the...