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.

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Economics

World Bank Signs $200 Million Deal to Support Sri Lanka’s Economic Reforms

The World Bank and the Government of Sri Lanka signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) yesterday,.

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Politics

Sri Lanka’s Economy Will Not Collapse Under NPP, Assures Anura Kumara Dissanayake

Sri Lanka’s economy will remain stable under the National People’s Power (NPP) administration, according to party leader Anura Kumara Dissanayake. Addressing the business.

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Finance

Sri Lanka’s Positive Growth Momentum Expected to Continue: CB Governor

Sri Lanka’s positive economic growth, seen in early 2024, is likely to continue, supported by low inflation and a stable exchange rate, according.

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Finance

NDB Bank Empowers Tech Professionals with Financial Mastery Workshop

NDB Bank recently hosted a transformative financial mastery workshop aimed at empowering tech professionals with crucial financial skills. Held on July 12th at.

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Industry Analysis

Fitch Affirms ‘A-(lka)’ Rating for National Development Bank with Stable Outlook

Fitch Ratings has reaffirmed the ‘A-(lka)’ National Long-Term Rating for Sri Lanka’s National Development Bank Plc (NDB), maintaining a Stable outlook. This decision.

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Finance

Fitch Affirms ‘BBB(lka)’ Rating for NITF, Highlights Reinsurance Challenges

Fitch Ratings has affirmed the ‘BBB(lka)’ insurer rating for Sri Lanka’s National Insurance Trust Fund (NITF), maintaining a stable outlook but cautioning about.

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Economics

Sri Lanka to Implement Cost-Based Water Pricing Formula in 2025

Sri Lanka’s cabinet of ministers has approved a cost-based pricing formula for the state-run National Water Supply and Drainage Board, according to Minister.

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Economics

IMF Warns of Global Growth Risks Amidst Elevated Inflation

IMF Cautions on Global Growth Threats from Persistent Inflation The International Monetary Fund (IMF) has issued a warning that global growth is at.

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Industry Analysis

Seylan Bank’s Rs. 10 Billion Debenture Issue Oversubscribed on Opening Day

Seylan Bank announced that its recent Rs. 10 billion debenture issue was oversubscribed on its opening day, receiving applications for over 100 million.

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