Tag: Dollar Crisis
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CBSL is prepared to pay $ 500 million for the Sovereign Bond which is maturing today – Cabraal
The Central Bank has taken steps to pay $ 500 million for the International Sovereign Bond, which matures today (18), and the necessary documents...
Sri Lanka’s current economy suffers severe setback in dollar crisis
Sri Lanka’s current economic situation became worse by the existing dollar crisis, soaring cost of living and a possible shortage of food in the...
A shortage of bread is inevitable in the future – Bakery owners
The All Ceylon Bakery Owners' Association says that there will be a huge shortage of bread in the future due to the dollar shortage...
Over 30 per cent drop in tourist traffic
“But the burning issue now is we need marketing for promotions,” he said as the industry hopes to sell the destination when the travel fairs and other destination promotion campaigns kick off next year, long awaited by the industry.
Bank of Ceylon’s international rating drops further
Fitch Rating, a world-renowned international rating agency, has downgraded Bank of Ceylon, one of Sri Lanka's leading state-owned banks. Bank of Ceylon was been...