The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 24 January 2023, 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 14.50 per cent and 15.50 per cent, respectively. The Board, having noted…
NEW DELH/COLOMBO, Jan 24 (Reuters) – The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. India wrote to the IMF earlier this month,…
Tianjin Port Group and Huawei announced this week that the two companies will deepen cooperation to build a digital twin of the port, making it more automated and intelligent. Yang Jiemin, Vice President of Tianjin Port Group, explained that this plan consists of three parts: Construction of new automated terminals, upgrading of traditional terminals, and…
The sub-committee of the Committee on Public Accounts (COPA) focused on the preparation of a joint plan to train workers with the aim of providing quality workers to the foreign job market. This was discussed in the COPA sub-committee to review the training program prepared by the inter-ministerial committee regarding the referral of quality and…
President Secretary Mr. Saman Ekanayake advised to appoint a committee to find out the problems that have arisen in connection with the water sport of white water rafting, which is a world-famous sport centered around the Kitulgala area due to the Broadland hydroelectric project. The President’s Secretary gave these instructions during the discussion held at…
The Golden jubilee partnership between Singapore Airlines and Aitken Spence as the General Sales Agent (GSA) in Sri Lanka was recently celebrated in grandeur at The Stables, Park Street Mews, Colombo. The partnership formed between Malaysia Singapore Airlines (MSA) presently known as Singapore Airlines (SIA) and Aitken Spence dates back to June 1972. Aitken Spence…
COLOMBO, Jan 24 (Reuters) – Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank chief P. Nandalal Weerasinghe said on Tuesday. “There has been good progress this month with India already pledging financing assurances. We expect assurances…
NDB Bank recently entered a Memorandum of Understanding (MoU) with the Ceylon Chamber of Commerce to facilitate the development of the SME and Export sectors in Sri Lanka. The partnership will make available exclusive financial solutions offered by NDB Bank to Members of the Ceylon Chamber’s Centre for SMEs. The Agreement focuses on mitigating some…
(Reuters) – India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday. The island nation of 22 million people has grappled with challenges during the past year ranging from a shortage of foreign currency to runaway…
Issuing the National Consumer Price Index (NCPI), for the month of December 2022, the Actg. Director General of Census and Statistics said that headline inflation as measured by the Year-on-Year change (The percentage change in the current month NCPI over same month NCPI of last year) based on the NCPI has been compiled as 59.2%. The headline inflation…
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