Exclusive articles:
CB maintains interest rates at current level with tight monetary policy.
The Monetary Board of the Central Bank of Sri Lanka decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 15.50 per cent and 16.50 per cent, respectively.
Sri Lanka to lose US$10 billion as compensation for the the X-Press Pearl Disaster
Time is running out for Sri Lanka to take legal action for the X-Press Pearl Disaster claiming environmental damage caused by the fire that broke when the vessel approached the Port of Colombo on May 19, 2021.
Local apparel sector demand declines amid liquidity and interest rate risks
Sri Lanka’s exports of clothing totaled US $ 778.4 million in January–February 2023, a decline of 16.8 percent from the US $ 935.6 million in exports during the same period of the previous year. Due to the global economic recession in February 2023, its exports of clothing fell by 14.7 per cent.
SL’s first ‘Biotechnology Innovation Park to come up in Pitipana, Homagama
Sri Lanka’s first Biotechnology Innovation Park is set up at a 13.2-acre facility in Pitipana, Homogama.
ComBank launches two platforms to link local businesses to global markets
Sri Lanka’s Business enterprises have been offered opportunities to establish contacts with their counterparts in overseas via two new palt forms unveiled by the Commercial Bank.