January 19, 2022
central-bank-of-srilanka.jpg

3min4
            The Employees’ Provident Fund (EPF) managed by the Monetary Board is Sri Lanka’s largest superannuation fund. It maintains its investment portfolio with the long-term objective of maximizing the returns to its members while preserving the value of the Fund. It operates within certain given risk parameters and has invested […]

January 8, 2022
forex.jpg

5min4
        Recent rules issued by the Central Bank of Sri Lanka (CBSL) in respect of repatriation and conversion of export proceeds to Sri Lanka Rupees (LKR) have been misinterpreted by certain parties with vested interests. In particular, unfounded speculation has been mischievously spread that the CBSL rules require converting the entirety of workers’ […]

January 7, 2022
cbsl.jpg

3min8
          Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), increased to 12.1 per cent in December 2021 from 9.9 per cent in November 2021. Meanwhile, on an annual average basis, the CCPI increased to 6.0 per cent in December 2021 from 5.3 per cent in November 2021. An […]

August 11, 2021
cbsl-moentory.jpg

3min0
The Financial Consumer Relations Department (FCRD) established under the provisions of Section 33 of the Monetary Law Act No. 58 of 1949, as amended, continues to serve as the single point of contact to handle complaints against financial service providers (FSPs) regulated by the Central Bank of Sri Lanka (CBSL). FCRD introduced a complaint submission […]

July 7, 2021
GR-CBSL-1.gif

4min0
Issue of Commemorative Coins to Mark the 65th Anniversary of Sri Lanka – China Diplomatic Relations and 100th Anniversary of Communist Party of China The Central Bank of Sri Lanka (CBSL) has issued gold and silver commemorative coins of Rupees 1,000, each with same depiction, to mark 65th Anniversary of diplomatic relations between Sri Lanka […]

March 4, 2021
NFIS-Launch.jpg

6min3
Colombo, Sri Lanka, March 4, 2021—Sri Lanka’s first National Financial Inclusion Strategy (NFIS), launched today, aims to make financial services more accessible, efficient, and affordable for all households and businesses in the country. The NFIS is a joint effort led by the Central Bank of Sri Lanka—with technical and financial assistance from IFC, a member […]

February 22, 2021

2min0
FriMi, Sri Lanka’s first fully-fledged digital banking experience, kick started the first phase of “ලංකාවටම QR with FriMi” at a ceremony held at Thilakawardhana Textiles, Kiribathgoda on the 18th of February 2021. The campaign was established by FriMi in support of the LANKAQR initiative by the Central Bank of Sri Lanka to make cashless payments […]

January 13, 2021
Softlogic-Finance-Logo.jpeg

2min0
Colombo, January 12, 2021 – The Central Bank of Sri Lanka recently issued a statement on penalties imposed against several financial institutions, including Softlogic Finance PLC for non-compliance with regulatory requirements during the second half of 2020. Softlogic Finance wishes to clarify that the fine imposed by the Financial Intelligence Unit (FIU) of the Central […]


About us

Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




ADVERTISE

LBN AD


Follow Us



Newsletter