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19
Jan

Dim Sum Sri Lankan Style

Sri Lanka may become an early issuer of Chinese yuan-denominated sovereign bonds to the international financial market, not only to diversify reserves and contain exchange risks in debt repayment and trade, but also to establish itself as a regional hub for this type of debt,...
18
Nov

Sri Lanka holds rates at record lows as credit picks up, inflation benign

Sri Lanka's central bank kept key policy rates steady at record lows for a 10th straight month on Tuesday, and said stable inflation and steady credit expansion should help the economy grow by around 8 over this year and next. Ajith Nivard Cabraal, the central bank governor,...
16
Oct

Sri Lanka holds rates at record lows as credit picks up

Sri Lanka's central bank kept key policy rates steady at record lows for a ninth straight month on Friday, as expected, saying that private sector credit growth is picking up and that longer term lending rates are adjusting downwards. The standing deposit facility rate (SDFR)...
15
Jun

Sri Lanka’s economy in 2013 in positive rebalancing mode:Report

Despite a strong headline Gross Domestic Product (GDP) growth in 2013, many Sri Lanka businesses serving domestic consumers experienced very subdued business conditions during the year. The reason as to why strong economic growth failed to translate into better business...