The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 15 April 2020, having observed the cumulative reduction of the key policy interest rates of the Central Bank, namely the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR), by 200 basis points each since 31 May…
All CDS account holders who have subscribed for the e-statement facility will continue to receive an uninterrupted service in receiving the CDS annual statements as at 31st March 2020. The CDS is not in a position to dispatch CDS statements for those who have not subscribed for the e-statement facility due to the unavailability of…
The World Bank is seeing “a huge willingness” on the part of official bilateral creditors to suspend debt payments by the world’s poorest countries so they can focus on fighting the coronavirus pandemic, a top Bank official said on Monday. World Bank Managing Director Axel van Trotsenburg said the Group of 20 major economies and…
According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (15) stands at Rs. 188.51 and selling rate of the US dollar stands at Rs. 195.78. The rupee gained to 195.78 level is a significant change after falling as low as 200.50…
As the travel restrictions imposed by the countries in our global network continue to be in place due to the COVID 19 pandemic, SriLankan Airlines is compelled to extend the temporary suspension of its scheduled passenger flights till April 30, 2020. The Airlines’ cargo services will continue to operate from its worldwide network and special…
Fitch Group has announced that it has donated USD50,000 to Give2Asia in support of the organisation’s crisis response to the outbreak of COVID-19, the disease caused by the novel coronavirus. “We are deeply saddened by this tragedy, and our sympathies are with the victims and all who have lost family and friends. This donation is…
Simplifies waivers and refunds policy with one unified approach worldwide Eases concerns about pre-booked summer travel by extending waiver policy to tickets issued before 31 May 2020, for travel before 31 August 2020 Offers three options: Keep your ticket for 760 days; exchange ticket for travel vouchers valid for up to 2 years; full refunds…
The International Monetary Fund (IMF) executive board has approved an immediate debt service relief to 25 member countries as part of measures to alleviate the devastating economic impact of the deadly Coronavirus. IMF managing director, Kristalina Georgieva, announced the historic debt relief decision in a statement following Monday (13) meeting. “Today, I am pleased to say…
In January this year, the LOLC Group announced of their agreement to sell it’s 70% stake held in Cambodia’s largest Microfinance Company, PRASAC, to the world’s sixth largest Commercial Bank and Korea’s biggest Commercial Bank, Kookmin for US$ 603Mn, a Rs. 120Bn in local currency terms. Sealing the deal, LOLC confirms that both parties had…
The Asian Development Bank (ADB) tripled the size of its response to the novel coronavirus disease (COVID-19) pandemic to $20 billion and approved measures to streamline its operations for quicker and more flexible delivery of assistance. The package expands ADB’s $6.5 billion initial response announced on 18 March, adding $13.5 billion in resources to help ADB’s developing…
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