The Central Bank of Sri Lanka (CBSL) has allocated the forex required for the US$ 500 million International Sovereign Bonds (ISB) that is maturing on January 18, Governor Ajith Nivard Cabraal announced.

Sri Lanka’s central bank has gone deeper into red in November 2021, with net foreign assets negative by around 1.6 billion dollars (-329.9 billion rupees), as money printing continued and reserves fell

Fitch has downgraded Sri Lanka to ‘CC’ from ‘CCC’ saying there was an increased probability of default as liquidity injections made to sterilize interventions and enforce a 6.0 percent policy rate continue to drain re...

Employees of State corporations and fully government-owned companies will be entitled to bonuses ranging from a minimum of Rs 5,000 to a maximum of Rs 15,000 this season.