The authority to borrow and issue debt securities, both domestically and internationally, in local or foreign currency on behalf of the Government of Sri Lanka, has been delegated to the Secretary of the Treasury.
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On 6 December, Parliament approved the 2025 Vote on Account (VOA) without a vote, allocating funds for government spending in the first four months of the year,.
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Sri Lanka received US$ 530.1 million in remittances in November,
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The Bank of Ceylon (BOC) and Sri Lanka Post have entered a ground-breaking partnership to reshape the accessibility of banking services across Sri Lanka.
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The Assistant Governor of the Central Bank of Sri Lanka (CBSL), Dr. Chandranath Amarasekara says that they do not expect the deflation to continue for a long time to have an impact on country’s production.
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The Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka, citing increased foreign investor interest fuelled by the Government’s systematic financial reforms, according to the President’s Media Division.
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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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