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The Central Bank further relaxes its Monetary Policy Stance by reducing the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the by 100 basis points each, to 4.50 per cent and 5.50 per cent, respectively.

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SLPP says no Budget for 2020, third VoA to cover public finances for rest of year

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The Committee appointed to probe into finance and leasing company irregularities and illegal activities has identified that the activities of this sector mainly revolve around ten main areas.

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People’s Bank has agreed to initiate a programme to develop Micro, Small and Medium Enterprises in the country in collaboration with Industrial Development Board (IDB) under the Ministry of Industries and Supply Chain Management.

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One of the leading media giants in the world, the BBC recently extended its valuable support to Sri Lanka Tourism during the challenging time of COVID-19 by entering into a no-cost partnership with the Sri Lanka Tourism Promotion Bureau (SLTPB) through a comprehensive advertising campaign.

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The Export Development Board (EDB) opines the recent downgrading of Sri Lanka to a lower-middle income country by the World Bank could be a blessing in disguise to secure preferential access to key

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The government has to adopt sustainable measures to protect local manufacturers, a top industry official said.

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A major yet trivial problem in the banking industry right now is how tedious and costly the traditional Know- Your-Customer (KYC) process.

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Largest private sector player in the industry, Commercial Bank’s support by way of moratorium for COVID-19-hit customers has topped the Rs. 300 billion mark, in addition to extending short and medium financial assistance to SMEs and exporters.

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The Colombo stock market saw welcome rebound though less convincing but turnover remained healthy at over Rs. 1 billion amidst net foreign selling.

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