Government suffers major losses as a result of tax irregularities

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The Government suffered major financial losses as a result of tax irregularities by the Customs Department. The Committee on Public Accounts...

CBSL settles over Rs. 11 b for ETI depositors

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Depositors and legal beneficiaries of troubled ETI Finance Limited have been paid a total of about Rs. 11 billion as of...

Sri Lankan signs papers for $150 Mn loan from ADB for vaccine purchasing &...

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Sri Lanka signed an agreement with the Asian Development Bank (ADB) for a loan of $150 million to purchase vaccines against...

Central Bank Maintains Policy Interest Rates at their Current Levels

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The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 07 July 2021, decided to maintain...

Will bring forex by reviving idled state resources: Cabraal

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State Minister of Money and Capital Market, and State Enterprise Reforms Ajith Nivaard Cabraal said the Government hopes to bring in...

New Order issued under Foreign Exchange Act to Preserve the Foreign Exchange Position of...

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With a view to assist and maintain the financial system stability by minimizing the pressure on the exchange rate and preserving...

Forex starved Sri Lanka raises SDA interest by 2%

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The Government has increased the interest rate provided for Special Deposit Accounts (SDAs) by a further 2% for a period of...

Asia Pacific countries’ reserves rise apart from Sri Lanka’s

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Fitch Ratings yesterday (28) noted that in the last six months, official reserves have risen in most of Asia Pacific frontier...

Remaining $ 200 m swap from China next month

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Chinese Ambassador to Sri Lanka discusses with China Development Bank- The Sri Lankan Government is set to...

Sharp drop in exports earnings in April

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Central Bank attributes drop to third wave and festive holidays Earnings recorded...

DON'T MISS

Promotion of Sri Lanka’s exports in Fujian, China

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The Sri Lanka Export Development Board in collaboration with The Consulate General of Sri Lanka in Guangzhou and the Department of...

Analysis: Debt-hobbled Sri Lanka risks running out of options

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Reuters - Sri Lanka paid a $1 billion bond last week, but the alarming state of its finances suggests it may...

Kelsey Homes launches the 3rd phase of its Largest Mixed Housing Project

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CENTRAL PARK JA-ELA – Model house open for aspiring home owners Kelsey Homes, Sri Lanka’s pioneering real estate...