PMI Reports Growth in Manufacturing and Services Sectors in November
Sri Lanka’s manufacturing and services sectors showed strong growth in November, according to the latest Purchasing Managers’ Index (PMI) data. The manufacturing PMI.
Industry Analysis
Finance
Sri Lanka Banks and SMEs Discuss Parate Law and Loan Issues
Sri Lanka’s banks, regulators, and small and medium enterprises (SMEs) gathered at the Presidential Secretariat to address challenges surrounding parate execution (foreclosure) laws.
- November 12, 2024
Finance
Sri Lanka Banking System Repays Debt and Builds FX Reserves of US$7.4 Billion Since Default
Since Sri Lanka’s selective default in April 2022, the country’s banking system, including the central bank and commercial banks, has repaid or built.
- October 15, 2024
Finance
Sri Lanka’s Financial System Set for Recovery Amid Asset Quality Gains and Stronger Capital Buffers
Sri Lanka’s financial system is on the path to recovery, with expectations of improved asset quality and strengthened capital buffers, according to the.
- October 14, 2024
Economics
Sri Lanka’s Forex Inflows Exceed Imports by $757 Million in August 2024
Sri Lanka’s gross foreign exchange inflows exceeded imports by $757 million in August 2024, according to data released by the Central Bank of.
- October 4, 2024
Economics
CBSL Forecasts Ongoing Deflation Amid Price Cuts and Improved Supply
The Central Bank of Sri Lanka (CBSL) anticipates that deflationary trends will continue in the coming months before inflation gradually aligns with the.
- October 3, 2024
Bond Yields
Sri Lankan Rupee Strengthens Further as Bond Yields Show Mixed Trends
Sri Lanka’s rupee appreciated to 294.75/295.00 against the US dollar on Tuesday, strengthening from 296.10/60 recorded the previous day. Meanwhile, bond yields exhibited.
- October 2, 2024
Finance
CBSL: Today Is Not a Bank Holiday Despite Public Holiday
The Central Bank of Sri Lanka (CBSL) issued a statement today clarifying that, although September 23, 2024, is a public holiday, it is.
- September 23, 2024
Economics
Parliament Approves Offshore Banking Regulations at Port City Colombo
Port City Colombo announced that Parliament officially passed two key offshore banking regulations, Offshore Banking and Offshore Banking – Prudent Management and Confidence,.
- September 12, 2024
Finance
Financial Stability Fund Approved to Strengthen Sri Lanka’s Bank Resolution Framework
The Cabinet of Ministers has approved the establishment of a Financial Stability Fund aimed at strengthening Sri Lanka’s bank resolution framework as part.
- September 11, 2024