rupiyal.com
Sri Lanka’s Ceylon Chamber of Commerce has urged the International Monetary Fund to proceed with re-structuring undertakings already given by India and the Paris Club and for China to give full assurances. India and the Paris Club has given specific assurances to re-structure debt along the financial envelope of an IMF program. China has given…
Worker remittances sent by Sri Lankan expatriates jumped 68.8 percent in January, more wokrers channelled their foreign earnings through formal banking channels, central bank data showed. The remittances, the top foreign exchange earner, recorded $437.5 million in the first month of 2023 compared to $259.2 million in January last year, the central bank data showed….
Sri Lanka’s Ceylon Tea prices fell for the third week at an auction on February 08, with most teas from medium and low elevations seeing a decline, data showed. Total offered quantity was down to 4.5 million kilograms from 5 million kilograms a week ago. The weekly sale average fell from 1465.40 rupees to 1428.59…
China’s Exim Bank has given Sri Lanka a two-year moratorium on its defaulted loans and will discuss additional re-structuring within the ‘window’ Foreign Ministry spokesperson Mao Ning has said. The Export-Import Bank of China has sent a letter to Sri Lanka on January 19 saying installments including interest due in 2022 and 2023 would not…
DFCC Bank PLC, one of Sri Lanka’s most trusted banks and a leader in inward remittances, has partnered with Citizens Development Business Finance PLC (CDB) one of the top four largest non-banking financial institutions (NBFIs) in Sri Lanka, to promote convenient access to inward remittances. CDB is the 10th financial institution to become a partner…
The Central Bank has issued an uncirculated commemorative coin in the denomination of Rs. 1,000 to mark the 75th Independence Day Celebration in the country. The first coin was officially presented to President Ranil Wickremesinghe by Central Bank Governor Dr. Nandalal Weerasinghe yesterday. This is the 71st commemorative coin that was issued by the Central…
Sri Lanka’s merchandise exports earnings fell 9.7 percent in December year-on-year as the island nation saw a drop in buying from its key export destinations which are facing a looming recession after the Russia-Ukraine war. The earnings from the merchandise exports recorded $1.04 billion in December 2022 compared to the same month in the previous…
