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The People’s Bank Investment Banking Unit (PBIBU) reached a new high in its track record by successfully ensuring oversubscription of the Ceylon Electricity Board (CEB) Debenture Issue for Rs. 20 billion., the largest ever Listed Debenture Issue in Sri Lanka.

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Folloiing the over 40 day protest campaign of hundreds of debt ridden poor women in Polonnaruwa , the govern men has initiated micro finance sector reforms aimed at uplifting the living standard of the low income households who have already been trapped in a vicious debt cycle.

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Litro Gas Lanka is introducing a unique LPG solution to meet an increasing consumer demand.

Saturday, 17 April 2021 16:04

US offers Sri Lanka debt management support

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In an unprecedented move, the United States has offered Sri Lanka support to manage its debt and find a more sustainable path forward.

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Cash strapped government has been compelled for the introduction of a Regulatory Framework to Facilitate Foreign Currency Borrowings by Licensed Finance Companies
A regulatory frame work has been introduced to facilitate Foreign Currency Borrowings by Licensed Finance Companies.

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Sri Lanka ‘s trade balance has been maintained effectively in Ferbruary this year at the same level of the same month last year, Central Bnak announnced.

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 The Central Bank says it has no plans to delay debt repayments but they will roll over debts

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VAt a time of unprecedented economic stress, the Government is losing billions of rupees in revenue with the increase in tax evasion, the Parliamentary Committee on Public Accounts (COPA) has found.

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Around 270,000 metric tons of vegetables and fruits are wasted annually, causing a loss to the Sri Lankan economy of approximately Rs. 20 billion,

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The People’s Bank is currently in negotiation with the China-led Asian Infrastructure and Investment Bank (AIIB) for a US$75 million-US$100 million loan to be lent to COVID-19-hit local SMEs, the bank said this week.

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