Central Bank cuts SDFR, SLFR to discourage banks from depositing excess liquidity
The Central Bank has reduced SDFR and SLFR by 100 basis points each to encourage banks to lend to cash-strapped businesses instead of depositing excess liquidity at the Central Bank. Read More »
Exports complete V-shaped recovery in June
Sri Lanka’s merchandise export earnings for June were $ 953 million according to the Export Development Board (EDB) provisional figures. Read More »
Sri Lanka lobbies for UK ‘travel corridor’ status
Sri Lanka Tourism is making efforts through diplomatic channels to include Sri Lanka as one of the UK’s travel corridors to enable travel with no quarantine for tourists returning to UK from Sri Lanka Read More »
Insurance sector to recover from two-year slump next year
Sri Lanka’s insurance market is set to go from bad, in 2019, to worse, in 2020, but a swift recovery will be seen from 2021 onwards, according to the Allianz Group. Read More »
CoA dismisses Sierra’s street lighting project petition
A petition by Sierra Construction Ltd. following the loss of an LED smart street lighting project awarded by the Colombo Municipal Council (CMC) was dismissed by the Court of Appeal on 19 June 2020. Read More »
BOI signs investor for $ 3 m fulfilment centre
The Board of Investment (BOI) announced yesterday (6) that it signed an agreement with Dart Global Logistics (Pvt.) Ltd. to set up a logistics fulfilment centre in the Muthurajawela Industrial Zone. Read More »
Peradeniya University’s global ranking boost: Why we shouldn’t celebrate
The University of Peradeniya was ranked between 401-500 in the prestigious Times Higher Education (THE) World University Rankings 2020 last month. Is this good news? Read More »