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The Central Bank has approved 13,861 loan applications under the Phase-I of the refinancing scheme, totalling Rs. 27.9 billion, the Central Bank said yesterday.

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SriLankan Airlines will be revamping its destinations post-COVID-19 which could include more destinations in China and new destinations such as Seoul and Sydney, a top official said Monday.

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Sri Lanka’s long-stalled East Container Terminal (ECT), a second facility under the island nation’s Colombo South Harbor development program is still non operational although a cooperation pact signed with the governments of India and Japan to revive it.

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The Central Bank said yesterday that it had formally requested the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) to investigate allegations against its staff and take necessary legal action if there is any evidence of wrongdoing. The Central Bank said the move followed reports in some print and online media accusing 50 senior officers of CBSL of obtaining monetary and other benefits from finance, leasing and micro finance companies.

Wednesday, 24 June 2020 07:26

Colombo bourse sustains positive momentum

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The Colombo stock market continued to sustain the positive momentum for the sixth consecutive day amidst healthy turnover.

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Workers’ remittances declined by 32.3% in April 2020, year on year, amounting to US dollars 375 million, Central Bank data showed.

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SriLankan Airlines is upbeat of a turnaround late next year with revival in travel and tourism and Government supported restructuring and other measures. top official said.

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Sri Lanka’s deficit in the trade account widened in April 2020 to US dollars 840 million, from US dollars 797 million in April 2019, as the decline in exports exceeded the decline in imports, Central Bank revealed.

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Sri Lanka’s inflation rate fell to 5.2 percent in May of 2020 from 5.9 percent in the previous month, Central Bank announced.

Tuesday, 23 June 2020 07:54

Remittances decline 32.3% in April

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Workers’ remittances declined by 32.3% in April year-on-year, amounting to $ 375 million as Sri Lanka underwent a curfew to reduce COVID-19 spread, the Central Bank said yesterday.

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