Sri Lanka rupee opens stronger, stocks gain

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Sri Lanka rupee was quoted stronger at 185.80/95 to US dollar in the spot market on Wednesday while bond yields were stable...

Sri Lanka rupee ends weaker, bond yields steady

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Sri Lanka rupee closed weaker at 185.85/95 to US dollar in the spot market on Tuesday while bond yields were stable and...

Sri Lanka central bank approves Rs53bn in re-financed Covid-19 credit

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Sri Lanka’s central bank has approved 58 billion rupees of subsidized credit from re-finance (printed money), for Coronavirus affected businesses while import...

Many become helpless after moratorium period ends

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Repayment of the loan instalments has resumed after the three-month moratorium period for repayment of bank loans has ended.

Sri Lanka rupee firmer, stocks fall at open

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Sri Lanka rupee opens firmer at 185.90/186.00 to US dollar in the spot market on Friday while bond yields were flat and...

Sri Lanka rupee firmer, stocks fall at open

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Sri Lanka rupee was quoted firmer at 186.05/15 to US dollar in the spot market on Thursday while bond yields were flat...

Sri Lanka’s Senior Citizens’ incomes will take a hit as interest rates set to...

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Sri Lanka’s hundreds of thousands of Senior Citizens who have invested their lives’ savings in Fixed Deposits and are living on the...

Sri Lanka official reserves fall to US$6.4bn in May 2020

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Sri Lanka’s gross official reserves were down by US$715.92 million to US$ 6,493.6 million in May 2020 from US$ 7,209.52 in April 2020, latest...

Sri Lanka rupee closes at 185.30/40 levels, bond yields flat

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Sri Lanka rupee closed at 185.30/40 Friday from while bond yields were flat, dealers said. The Telegraphic Transfer (TT) buying rate quoted by Colombo’s commercial...

Sri Lanka’s tax haven plan and EU’s money laundering blacklist

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Stringent import restrictions and a new tax on Lanka Indian Oil Corporation (LIOC) to prevent them taking colossal sums of profit out of the...

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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...