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Rupee depreciation pressure experienced during past few days to be short-lived: Central Bank

Sri Lanka, Aug. 23 -- Sri Lanka's Central Bank expects the rupee depreciation pressure experienced during the past few days, to be short-lived. The Sri Lankan rupee appreciated against the US dollar ... Read More


Central Bank decides to reduce SDFR & SLFR by 50bps; SRR unchanged

Sri Lanka, Aug. 23 -- Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 50 basis points to 7.00 percen... Read More


Moody's revises its growth forecasts for 16 Asian economies

Sri Lanka, Aug. 23 -- Moody's Investors Service in a newly released report has revised downwards its GDP growth forecast for 16 economies in Asia Pacific. Of the 16, Hong Kong and Singapore have show... Read More


Ceylinco Life reports 6-month net income of Rs.14.7Bn

Sri Lanka, Aug. 22 -- Sri Lanka's Ceylinco Life reported a six month net income of 14.7 billion rupees with a premium income up 5.7 percent to 8.8 billion rupees. The company's investment income grew... Read More


Fitch revises outlook on Singer Sri Lanka to negative; affirms at 'A-(lka)'

Sri Lanka, Aug. 22 -- Consumer-durables retailer Singer (Sri Lanka) PLC's National Long-Term Rating has been revised to negative from stable, a statement said. Issuing a statement Fitch Ratings said ... Read More


Sri Lanka headline inflation marginally increased in July

Sri Lanka, Aug. 22 -- Sri Lanka's headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI) increased marginally to 2.2 percent in July from 2.1 percent in ... Read More


JICA, Women & Child Affairs Ministry launched training programme for Frontline Officers

Sri Lanka, Aug. 22 -- Ministry of Women & Child Affairs and Dry Zone Development (MOWCADZD) has launched the capacity building training programme for Frontline Officers (FLOs) under technical cooperat... Read More


CA Sri Lanka to break gender barriers in boardrooms with new directory

Sri Lanka, Aug. 22 -- In a landmark initiative aimed at breaking gender barriers across boardrooms, the Institute of Chartered Accountants of Sri Lanka recently launched the 'Board Ready Female Member... Read More


Sri Lanka Army Commander to reorganize all military intelligence units

Sri Lanka, Aug. 22 -- Sri Lanka's new Army Commander Lieutenant General Shavendra Silva says that he wants to reorganize military intelligence units and raise them to an elevated level in keeping with... Read More


Fitch rates Hatton National Bank's Basel III sub-debt final A+(lka)

Sri Lanka, Aug. 22 -- Fitch Ratings Lanka has assigned Hatton National Bank's proposed Sri Lanka rupee-denominated Basel III-compliant subordinated debentures a final National Long-Term Rating of 'A+(... Read More