IMF Reaffirms Support for Sri Lanka in progressing globally with a stable economy A discussion between President Anura Kumara Dissanayake and representatives of the International Monetary Fund (IMF) was held this morning (21) at the Presidential Secretariat regarding the future review of the Extended Credit Facility (ECF) between the IMF and Sri Lanka. President Dissanayake…
The overall rate of inflation as measured by the NCPI on a Year-over-Year basis was 0.3% in June 2025 and inflation calculated for the May 2025 was 0.6%. On a monthly basis, the Year-on-Year inflation of the food group decreased to 4.2% in June 2025 from 5.9% in May 2025 and the Year-on-Year inflation of…
Sri Lankan Embassy in Berlin in collaboration with Hertha-Müller-Haus in Berlin and the Sri Lanka Tourism Promotion Bureau (SLTPB), conducted a Sri Lanka tourism promotion event titled ‘Explore Sri Lanka’ on 15th July 2025 in Berlin. The objective of this promotion was to enhance awareness of Sri Lanka as a tourism destination among senior citizens in Germany, including…
Government revenue in Sri Lanka surged to Rs. 1,942.36 billion during the first five months of 2025, marking a 19.95% increase from the Rs. 1,619.23 billion recorded in the same period last year, according to the Central Bank of Sri Lanka. The increase is largely attributed to higher tax collections, with government tax revenue rising…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has partnered with HNB General Insurance, one of Sri Lanka’s leading insurance providers, to collaboratively address the growing risks posed by extreme weather, particularly rainfall, cyclones, wind speed and temperature. These parametric insurance solutions will be introduced through the Dialog Sayuru App. Sayuru is a pioneering service…
SriLankan Cargo, the air freight arm of SriLankan Airlines, has joined WebCargo by Freightos, a leading digital booking and payment platform for international freight. The integration allows over 10,000 freight forwarding offices worldwide to seamlessly access SriLankan Cargo’s capacity, request quotations, make bookings and process payments in real time. “By joining Freightos’ WebCargo platform, we’re…
Bloomberg – Emerging-market borrowers are tapping the euro bond market at the fastest pace in over a decade, capitalizing on the rising demand for diversification away from the US dollar. The surge is being fueled by robust demand for developing debt, with non-dedicated investors playing a bigger role as credit quality improves. While euro-denominated bonds still account…
Bangladesh’s Central Bank (Bangladesh Bank) hosted a special award ceremony at its headquarters in Motijheel on 17 July 2025, to formally recognise officials from Sri Lanka’s Pan Asia Banking Corporation PLC (PABC) for their role in preventing a US$ 20 million fraudulent transaction during the infamous 2016 Bangladesh Bank reserve heist incident. This ceremony, described…
In a decisive move to strengthen macroprudential policy and mitigate systemic financial risks, the Central Bank of Sri Lanka (CBSL), acting as the Macroprudential Authority, has issued new Directions to licensed financial institutions to impose maximum caps on loan-to-value (LTV) ratios for vehicle-related credit facilities. The directive, which takes effect from 18 July 2025, applies…
BBC – Lawmakers in the US have passed the country’s first major national cryptocurrency legislation. It is a major milestone for the once fringe industry, which has been lobbying Congress over regulation for years and poured millions into last year’s election, backing candidates that included Donald Trump. The bill sets up a regulatory regime for…
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