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Governor's remarks do not signal future policy rate path or level: CBSL

Srilanka, Aug. 13 -- The Central Bank of Sri Lanka (CBSL) clarified that recent media reports had misinterpreted remarks made by the Governor during a media interview. CBSL said its monetary policy i... Read More


Sri Lanka remains vulnerable to energy price shock but is more resilient than in the past - Moody's Ratings

Srilanka, Aug. 12 -- Bangladesh (B2 negative), Pakistan (Caa1 stable) and Sri Lanka (Caa1 stable) are among the most vulnerable economies in Asia to high oil prices stemming from the Middle East confl... Read More


Cabinet Approves Tender to Build Three Fuel Storage Tanks at Muthurajawela Terminal

Srilanka, Aug. 11 -- The Cabinet of Ministers has approved a proposal by the Minister of Energy to award the contract for constructing three new fuel storage tanks at the Muthurajawela Terminal to a j... Read More


Cabinet Approves Rs. 1 Bn Funding Package for Lanka Metro Transit

Srilanka, Aug. 11 -- The Cabinet of Ministers has approved a total funding allocation of Rs. 1,067.5 million for Lanka Metro Transit (Private) Limited, comprising Rs. 800 million in equity capital for... Read More


Cabinet Approves $200 Mn ADB Loan for Trade, Investment, and Industrial Development

Srilanka, Aug. 4 -- The Cabinet of Ministers has approved a proposal submitted by President Anura Kumara Dissanayake, in his capacity as the Minister of Finance, Planning and Economic Development, to ... Read More


Cabinet Approves Amendments to Modernize Sri Lanka's EPF Act

Srilanka, Aug. 4 -- Sri Lanka's Cabinet of Ministers has approved a proposal to instruct the Legal Draftsman to draft legislation amending the Employees Provident Fund (EPF) Act No. 15 of 1958. The p... Read More


EDB expects to reach record-breaking $19 bn export revenue by end 2026, says Chairman Mangala Wijesinghe

Srilanka, Aug. 3 -- The 47th anniversary of the Sri Lanka Export Development Board (EDB) fell on August 1st. In a commemorative ceremony held today, the Chairman and Chief Executive Officer of the EDB... Read More


EDB, IFC and EU Strengthen Export Readiness of Eastern Province SMEs through ExpoNavigator Programme

Srilanka, July 13 -- The Sri Lanka Export Development Board (EDB), in collaboration with the International Finance Corporation (IFC) and the European Union (EU), successfully conducted the 7th Provinc... Read More


Government Moves to Establish a Fair and Transparent Presidential Pardon System

Sri Lanka, July 11 -- The Ministry of Justice and National Integration has received a committee report recommending a more systematic, fair and transparent mechanism for granting presidential pardons ... Read More