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Senkadagala Finance receives USD 25mn facility from a Dutch development bank

Sri Lanka, July 10 -- Senkadagala Finance recently announced that it received a US $25 million 5 Year Green Investment Facility from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FM... Read More


Opinion: The myth: Self-sufficiency guarantees food security

Sri Lanka, July 10 -- By Sathya Karunarathne The novel coronavirus which drove cities and countries into lockdown has now sparked anxiety over a possible food crisis given the increase in export and ... Read More


Refurbished CBD business centre in Col-01 is now available for rent

Sri Lanka, July 10 -- Cargo Boat Development Company PLC (CBD) - an associate company of the Renuka Hotels Group - has completed the refurbishment of its landmark building in Fort. The 38-year-old ed... Read More


President tours Colombo in support of SLPP candidates; warm response from people

Sri Lanka, July 10 -- People requested the President to eradicate the drug menace from the country similar to the manner he provided them with housing while doing away with slums. Many lives that of b... Read More


Sunshine Holdings appoints Shantha Bandara as CEO of its Pharma Division

Sri Lanka, July 9 -- Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified Sri Lankan conglomerate Sunshine Holdings (CSE: SUN), has appointed Mr. Shantha Bandara as the Chief Executi... Read More


UNDP and EU support COVID-19 response of local government authorities

Sri Lanka, July 9 -- The United Nations Development Programme (UNDP) has provided COVID-19 protective and preventive equipment to 134 Local Government authorities across the Eastern, Northern, North-C... Read More


Sri Lanka gross official reserves at USD 6.7Bn by end June

Sri Lanka, July 9 -- Sri Lanka's gross official reserves stood at US dollars 6.7 billion by the end of June 2020, sufficient to cover 4.2 months of imports, the Central Bank today revealed. Reflectin... Read More


Central Bank cuts SDFR & SLFR by 100 bps to induce further reduction in lending rates

Sri Lanka, July 9 -- The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points each, to 4... Read More


Federal Reserve's USD 1bn Repo facility available to Sri Lanka

Sri Lanka, July 9 -- The Federal Reserve in the United States has opened a temporary repurchase agreement facility for foreign central banks including Sri Lanka to support the smooth functioning of fi... Read More


Extension of import controls further batters Sri Lankan economy: Advocata

Sri Lanka, July 9 -- According to the Extraordinary Gazette No 2182/10 of June 2020, import controls imposed by the earlier gazette Number 2176/19 of 22 May 2020 have been extended for another six mon... Read More