BUSINESS

CB to  gradually relax forced conversion rule of export proceeds

Sri Lanka plans to remove a forced conversion rule of services exports as part of plans to gradually relax controls imposed on earnings of...

Sri Lanka inflation increases to 29.8% in April  

Headline inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 increased to 29.8% in April 2022 from...

Exporters urge the Government to ensure prudent fiscal policy

The National Chamber of Exporters (NCE) is urging the Government to ensure prudent fiscal policy amidst the current economic and political crises as well...

Central Bank bans the inward and outward remittances from illegal channels

The Central Bank has taken new measures to improve the domestic foreign exchange market to present forex liquidity in local banks . Finance Ministry will...

Insolvent Sri Lanka should swap its central bank with currency board

What was good for Sri Lanka under British colonial rule 75 years ago may be worth a try again. Or at least that’s what Mark Mobius,...

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