Business

LNP – Deposit rates fall further in Sept. as banks re-price liabilities swiftly to maintain margins

Deposits and lending rates during first nine months fall in lockstep in rare occurrence of harmony Deposit rates offered to…

4 years ago

LNP – August trade deficit narrows amid lower imports

Trade balance in Aug. narrows to US$ 342mn from US$ 541mn in Aug. 2019Narrows by over US$ 1bn to US$…

4 years ago

LNP – Central Bank likely to maintain surplus liquidity in rupee money markets

Speculation was rife that bond payment could create a shortage in rupee liquidity marketBut CB purchased T-bills worth Rs.123.1bn on…

4 years ago

LNP – Government to set up export exhibition centre

Aimed at assisting exporters to display sample products to foreign buyers Trade Minister Bandula Gunawardane said an export exhibition centre…

4 years ago

LNP – Deputy Governors Weerasinghe and Karunaratne retire

Deputy Governors Dr. Nandalal Weerasinghe and H.A. Karunaratne have retired from the Central Bank. Senior Deputy Governor Dr. Weerasinghe had…

4 years ago

LNP – First EU-GMP compliant USD 18.5 mn pharma facility opens in Homagama

The government believes that Sri Lanka should aim towards promoting local manufacturing of pharmaceutical products so that foreign exchange can…

4 years ago

LNP – New debt piling up slows as govt. cuts spending

Average monthly debt accumulation plunges to Rs.96bn in 2Q from Rs.244Bbn in 1Q Total public debt rises Rs.1.23tn during first 7…

4 years ago

LNP – Sri Lanka’s sovereign bond yields rise after Moody’s downgrade

Sri Lanka all set to settle billion dollar sovereign bond on October 4Analysts say downgrade could push Sri Lanka towards IMF…

4 years ago

Hànyu Services expands to address growing interest in Chinese language services

In a global climate where China has established its standing as the second largest and fastest growing economy in the…

4 years ago

LNP – Minimum annual saving of Rs. 30 bn Govt procurement goes electronic

The Government will shortly go in for a system where it will engage in all its procurements electronically which will…

4 years ago