LNP – Fitch upgrades Sri Lanka to ‘CCC+’

Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘RD’ (Restricted Default)

3 months ago

LNP – Government decides to further ease capital controls

The government has decided to further ease certain restrictions imposed on outward remittances for a six month-period until June next…

3 months ago

LNP – Govt. extends license-free rice import period until January 10

The government has extended the temporary lifting of rice import restrictions, allowing private importers to bring in rice without a…

3 months ago

LNP – CBSL takes proactive measures against alarming increase in prohibited pyramid schemes

Central Bank (CBSL) yesterday said it has taken proactive measures to address the alarming increase in prohibited schemes under Section…

3 months ago

LNP – SLC reduces voting members from 147 to 60 ahead of 2025 elections

Ahead of the 2025 Sri Lanka Cricket (SLC) elections, SLC said that its membership at an extraordinary general meeting has…

3 months ago

LNP – Hybrid vehicle import tax based on engine capacity will reduce costs, satisfy all

If hybrid vehicle imports are taxed based on their engine capacity, it will satisfy both consumers and the government, while…

3 months ago

LNP – IMF to assess Sri Lanka’s tax revisions in upcoming staff report

The IMF Executive Board is expected to convene in the coming months to review the Staff-Level Agreement on the Third…

3 months ago

LNP – Cabinet approval to import salt to resolve shortage

The Cabinet of Ministers has granted approval for the import of up to 30,000 metric tons of non-iodized salt by…

3 months ago

LNP – ADB extends $150 million line of credit to CEB

Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on Thursday for the ADB to provide a…

3 months ago

LNP – Compulsory retirement age of govt doctors extended

The Cabinet of Ministers has approved the extension of the compulsory age limit of retirement for government medical officers up…

3 months ago