The Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka,
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The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26 November 2024,
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In the first nine months of 2024, Bank of Ceylon skillfully navigated Sri Lanka’s complex economic terrain. Despite intense competition and global economic headwinds, the Bank achieved a remarkable profit before tax (PBT) of Rs. 37.6 billion, a substantial 66% increase over the same period in the previous year. General Manager, Chief Executive Officer, Russel Fonseka emphasized, “Our robust financial …
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Sri Lanka’s foreign-exchange reserves surged by an impressive 81% year-on-year in October 2024, reaching USD 6.5 billion due to the support of its IMF program, according to Fitch Ratings.
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The 26th Annual Tax Oration, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka),
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Worker remittances for October continued to come in stronger against both a month ago as well as a year ago period helping both the foreign currency reserves and the rupee to remain strong.
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Private sector credit demand in September lagged from a recent high in the previous month.
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Behind the News
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Sri Lanka has recorded an 11.7% increase in workers’ remittances from January to October 2024 compared to the same period in 2023, according to latest figures released by the Central Bank of Sri Lanka (CBSL).
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The Bank of Ceylon (BOC) has announced the appointment of Kavinda de Zoysa as its new Chairman. With over 30 years of experience in the banking industry, including 25 years in management, de Zoysa brings extensive leadership expertise and a strategic vision to the role.
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