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Ceylon Chamber Applauds IMF Review Approval, Urges Fuel QR Optimization & Clear Economic Policy Signals

Sri Lanka, May 29 -- The Ceylon Chamber of Commerce has commended the Government of Sri Lanka on the successful completion and approval of the 5th and 6th reviews under the IMF's Extended Fund Facilit... Read More


Why Sri Lanka's SME apparel sector needs a national sustainable industries policy framework

SriLanka, May 29 -- A clear national sustainable industries framework is becoming essential if Sri Lanka's SME apparel manufacturers are to cut carbon, adopt renewable energy and remain competitive in... Read More


Commercial Bank now brings PayPal-linked withdrawals for customers

Sri Lanka, May 28 -- The Commercial Bank of Ceylon, reaffirming its leadership in introducing the latest global financial technologies to Sri Lanka, has announced the availability of PayPal-linked wit... Read More


Sri Lanka's Vehicle, Gold Loan Curbs Support Lenders' Risk Profiles: Fitch Ratings

Sri Lanka, May 28 -- Sri Lanka's tighter macroprudential restrictions on vehicle and gold-backed lending will benefit lenders' risk profiles, particularly those of finance companies, Fitch Ratings say... Read More


IMF Board Approves Sri Lanka's Fifth & Sixth Reviews, Unlocks USD 695 Mn for Reforms

SriLanka, May 27 -- The International Monetary Fund's Executive Board has completed the combined Fifth and Sixth Reviews of Sri Lanka's Extended Fund Facility, unlocking immediate access to SDR 508 mi... Read More


Sri Lanka Unveils South Asia's First Solar Bakery Oven in Landmark Clean Energy Milestone

Sri Lanka, May 26 -- Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite... Read More


Sri Lanka's Banking sector assures it is stable, equipped to address fraud incidents

Sri Lanka, May 26 -- Sri Lanka's banking sector has provided a collective and categorical assurance that it remains stable, resilient, and secure despite a few recent isolated incidents of financial f... Read More


Central Bank increases Overnight Policy Rate to 8.75-pct

SriLanka, May 26 -- The Monetary Policy Board, at its meeting held yesterday, decided to increase the Overnight Policy Rate (OPR) by 100 bps to 8.75%. Standing Deposit Facility Rate (SDFR) and Standi... Read More


Sri Lanka's Exports Surpass USD 5.7 Bn in First Four Months of 2026

SriLanka, May 25 -- Sri Lanka's total exports, including both merchandise and services, reached US$ 1,380.93 million in April 2026, marking a year-on-year growth of 6% compared to April 2025. Based o... Read More


CBSL introduces maximum Loan to Value ratio for gold backed lending & tightens LTV ratios for motor vehicles

Sri Lanka, May 24 -- The Governing Board of the CBSL decided to introduce a maximum LTV ratio for credit facilities secured by gold and tighten the maximum LTV ratios applicable to credit facilities g... Read More