BUSINESS

Government decides to  restrict state expenses to tackle fiscal crisis   

BUSINESS CN -
The Government has decided to strictly restrict state expenses owing to the grave financial crisis the country’s treasury was facing, the finance ministry said.  The...

IMF bail out package to Sri Lanka hangs on the Chinese balance

BUSINESS CN -
Sri Lanka is still not able obtain assurance from the International Monetary Fund(IMF) for a Rapid Finance Facility(RFF) owing to lack of any firm...

Central Bank renews lending and deposit interest rates

BUSINESS CN -
The Central Bank has issued a new directive on interest rates on lending and deposit products following the increase of policy rates by 7%...

Formulation of SL National Policy on Mineral Resources expedited

BUSINESS CN -
The Geological Survey and Mines Bureau has been ordered to expedite the preparation of the proposed National Policy on Mineral Resources as mineral export...

Sri Lankan Airlines to postpone 21 Aircraft lease

BUSINESS CN -
Sri Lankan Airlines has been forced to postpone the procurement of 21 aircraft on lease basis  on a directive issued by the Committee on...
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