Sri Lanka has renewed a $1.4 billion worth Yuan currency swap with China during the official Beijing visit of President Anura Kumara Disanayake, a joint statement by the both countries said.
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The government has planned a relief package to provide concessions to small and medium-scale enterprises (SMEs) facing difficulties in repaying loans.
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Sri Lanka’s central bank has launched a digital payments promotion campaign in Hambantota, it said in a statement.
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The Central Bank (CB) last week unveiled an ambitious policy agenda: inflation stabilisation, a fostered economy, and financial stability for 2025 and beyond. The CB is envisaging a more forward-looking and data-driven approach to monetary policy formulation through enhancing the macroeconomic modelling setup and alternative frameworks.
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The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka. He made this statement while presenting several proposals in Parliament yesterday (08).
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Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest in seven years, its central bank chief said on Wednesday, hoping to accelerate a rebound from its worst financial crisis in decades.
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The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka.
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The Cabinet of Ministers has greenlighted the proposal to implement the Pledge Loan Scheme provided to small and medium scale paddy mill owners for purchasing paddy as an annual proramme.
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Sri Lanka Customs is poised to make history, nearing an unprecedented revenue target of Rs. 1.5 trillion in 2024, marking a significant achievement for the Department and the country’s economy.
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Successive Sri Lanka governments have implemented 179 projects during the past 33 years with Asian Development Bank (ADB)
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