The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 September 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively. The Board arrived…
Hayleys PLC has once again claimed the top spot in the 31st annual edition of the LMD 100, cementing its position as Sri Lanka’s No. 1 corporate. LMD 100 ranks the leading listed companies in Sri Lanka and is known as ‘Sri Lanka’s version of the Fortune 500.’ For the 9th time, the public-listed conglomerate…
SriLankan Airlines has once again been recognized as the Leading International Airline in South Asia under the Visitors’ Choice Awards category at the South Asian Travel Awards (SATA) 2024, marking its second consecutive win in this prestigious category. This accolade reinforces the airline’s status as a powerhouse in the aviation industry of South Asia, with…
The Planters’ Association of Ceylon (PA) congratulates NPP leader Anura Kumara Dissanayake on his election as the 9th Executive President of Sri Lanka and called for renewed collaboration to secure sustainable growth and livelihood empowerment within the plantation sector. The Association called on President Dissanayake to initiate a transformative era for the plantation industry by…
The European Union (EU), with its vast market of over 448 million consumers, has always been a key destination for Sri Lankan apparel exports. Known for its high-quality and ethically produced garments, Sri Lanka has secured a strong foothold in this competitive space. However, new sustainability and labelling requirements introduced by the EU present both…
The Managing Director of the International Monetary Fund (IMF), Mrs. Kristalina Georgieva, extended her congratulations to Honourable Anura Kumara Dissanayake on his election as the new President of Sri Lanka. In her special message, Mrs. Georgieva reaffirmed the IMF’s commitment to remaining a strong partner to Sri Lanka and expressed her hope to further strengthen…
The Hambantota International Port Group (HIP) was honoured as one of Sri Lanka’s most outstanding Women Friendly Workplaces at the Women Friendly Workplace Awards 2024. The Women Friendly Workplace Awards, organised by leading women’s magazine Satyn in collaboration with AICPA & CIMA, recognized more than 30 companies across various industries for their efforts in promoting…
The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his election to the Presidency and assured him of the fullest support of the banking sector for the challenging journey ahead. In a congratulatory note, the Association, which represents all licenced banks in Sri Lanka, said: “The essential political and social stability…
Fitch Ratings: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘RD’ (Restricted Default) and Long-Term Local-Currency IDR at ‘CCC-‘. Fitch typically does not assign Outlooks to issuers with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this rating action commentary. Key…
International rating agency Moody’s says that they do not expect any significant shifts in Sri Lanka’s reform trajectory or policies, “although some reprioritisation is likely.” Issuing a special statement, the rating agency said the country’s political change is unlikely to derail the reform trajectory but underscores fiscal consolidation challenges. Political change unlikely to derail reform…
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