SL to obtain $140 m loan from China Development Bank

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Sri Lanka has inked an agreement with China Development Bank to obtain a USD 140 million loan, as it faces the challenge...

Government asks electricity consumers to pay their bills, relief measures will follow

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The government is asking electricity consumers to pay their bills in full for now until a proper method for relief is found,...

Sri Lanka inflation in June 2020 at to 3.9-pct

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Sri Lanka’s consumer price inflation in the 12-months to June 2020 eased to 3.9 percent from 4.0 percent in May, though food...

Vehicle lease payers to meet President on six-month moratorium

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With complaints mounting that a promised six-month debt moratorium for lease agreements has yet to materialise, a group representing vehicle loan payers in Sri...

National Audit Office highlights discrepancies over debt figures in treasury, CBSL records

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The latest report of the Auditor General’s has observed that there are inconsistencies between the records of the central and the finance ministry on...

Sri Lanka’s budget transparency: improving but still behind international standards

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The Open Budget Survey (OBS) scores countries on the openness of their budget process and is the world’s only independent assessment of information disclosure...

President calls for debt relief, financial stimulus for COVID-19 affected countries

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President Gotabaya Rajapaksa says that Sri Lanka reiterates its call and joins global appeals for international financial institutions and donors to provide debt relief...

Central Bank of Sri Lanka gives 2019 annual report to Mahinda

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Sri Lanka’s central bank said it has handed over a copy of the 2019 annual report to Prime Minister Mahinda Rajapaksa who is also...

Sri Lanka’s headline inflation decreased in March

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LBO - Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index has decreased to 7.0 percent in...

Central Bank issues circular to banks about new credit support scheme for SMEs

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LBO – Sri Lanka’s Central Bank says that based on the discussions they had with banks, it is observed that the proposed credit support...

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WSO2, a software company that began in Sri Lanka in 2005, marks 15 years of business operations today. Starting with just...

Online meeting between Embassy of SL in Russia and Ural Chamber of Commerce and...

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