All Blogs
””; Outlook stable
S&P Global Ratings today raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to ‘CCC+/C’ from ‘SD/SD’ (selective default). At the same time, we affirmed our ‘SD/SD’ long- and short-term foreign currency ratings. The outlook on the ‘CCC+’ long-term local currency rating is stable. We also raised the issue rating on […]
Sinopec pledges to fuel Sri Lanka as it commences operations
Sinopec announced its official entry into Sri Lanka’s dynamic fuel retail market at the felicitation event for local distributors held on the 25 th of September in Colombo. This momentous occasion also marked the commencement of fuel supply to Sri Lanka’s filling stations.With the entry, Sinopec is committed to giving full play to its advantages, […]
Sri Lanka’s merchandise exports surpassed USD 1 billion mark in August
Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the Sri Lanka Customs. However, it is a 10.91 % decrease when compared to the value recorded in August 2022. The decline in merchandise exports is due to decreased […]
Import restrictions, except for vehicles to be lifted by next month: Minister
Finance State Minister Shehan Semasinghe says that import restrictions on goods, except for vehicles, will be lifted by next month with the goal of stabilizing prices, as supply shortages have caused price increases for certain products. “Presently, import restrictions are in place for 600 HS codes,” Finance State Minister Shehan Semasinghe said. “However, by next […]
Website of Sri Lanka’s control body for Organic Agriculture unveiled
Sri Lanka’s control body for organic agriculture – the National Organic Control Unit (NOCU), operating under the aegis of the Sri Lanka Export Development Board (EDB), has taken a significant step towards promoting and regulating Sri Lanka’s organic agriculture sector with the launch of its official website – www.nocu.lk. This website development was done through […]
CA Sri Lanka to host member meeting of Confederation of Asian and Pacific Accountants in Colombo
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is proud to announce that it will be hosting the member meeting of the Confederation of Asian and Pacific Accountants (CAPA) in Colombo in October. The meeting will be held on 05th and 06th October 2023, and will attract over 130 representatives from 32 […]
Newly established Governing Board of Central Bank convenes
The newly established Governing Board of the Central Bank of Sri Lanka, constituted under the provisions of the recently promulgated Central Bank Act No. 16 of 2023, was held yesterday, the 21st of September 2023, at the Board Room of the Central Bank of Sri Lanka. The Newly established Governing Board, succeeds the Monetary Board […]
CB Governor of Viet Nam compliments improvement of Sri Lankan economy
The Governor of the Central Bank of Viet Nam, known as State Bank of Viet Nam (SBV), Nguyen Thi Hong, expressed optimism and encouraging sentiments about the improvement of the economy of Sri Lanka during the last 12 months, when the Ambassador of Sri Lanka to Viet Nam Prof. A. Saj U. Mendis met her […]
Iranian President proposes early convening of Joint Economic Commission
President Ranil Wickremesinghe met with Ebrahim Raisi, President of the Islamic Republic of Iran on the sidelines of the UNGA in New York yesterday (20/09). President Wickremesinghe referred to the longstanding close cooperation with Iran and the mutual support extended by both countries to each other over the years. He conveyed appreciation for the assistance […]
United States to Increase Development Investment in Sri Lanka by USD 19.2 mn Through USAID
The United States today announced the commitment of more than US $19 million in additional funds to further the development of Sri Lanka, in a ceremony at the Sri Lanka Ministry of Finance. The U.S. $19.23 million (Rs 6.2 billion) is obligated through the Development Objective Grant Agreement between the United States Agency for International […]