BUSINESS

CB releases US$ 5 Mn issued to clear essential commodities stranded at ports

The long delayed clearance of over 1000 essential commodity containers struck at the Colombo port due to lack of dollars for repayments for food...

CBSL suspends money-printing. Bank interest rates to be surged

CBSL suspends money-printing. Bank interest rates surged

Gem and jewelry industry hails new supportive regulations

The gem and jewellery industry this week welcomed the implementation of the new regulations for the sector by the Government through the Gazette issued...

Central Bank sells family gold to battle foreign exchange crisis

The Central Bank has partly sold the country’s gold reserves as it battles the ongoing foreign exchange crisis to boost liquid reserves. Central Bank Governor,...

Govt. to import rice from Myanmar pushing the country into crop crisis

The economically troubled Sri Lanka banned chemical fertilizers without a proper plan for green farming and neglecting the preparation of farmers, prompting a surge...

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