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Banking / Investment in Sri Lanka

  • Sri Lanka's Central Bank Keeps Rates On Hold

    SRI LANKA, 2013/03/19 The Central Bank of Sri Lanka on Friday decided to keep its key interest rates unchanged for a third consecutive time. The Monetary Board said inflation is expected to reach additional favorable levels by the end of the year.
  • How Sri Lanka will finance its development needs?

    SRI LANKA, 2012/12/26 While Sri Lanka has made strong progress on many social indicators, significant development gaps remain. This is one of the core messages of the Sri Lanka Human Development Report 2012 launched at IPS recently. Sri Lanka’s health and education sectors demonstrate notable gaps and heightened investment by the state would be required to bridge them, the report argues. In the past, Sri Lanka found it easier to finance these needs with generous donor aid flowing into the country. Sri Lanka was considered a “donor darling” as one of the first countries in South Asia to embark on market-oriented reforms following economic liberalization in 1977 and concessional loans from international aid donors soared for decades since then.
  • Public investments should generate forex income

    SRI LANKA, 2012/12/26 Foreign funded public investment projects in next should have the capacity to help the economy to generate foreign exchange income if Sri Lanka is to avert external debt financing difficulties in the medium to long run, a research company has pointed out. Asia Wealth Research, a division of Asia Capital in a statement titled ‘Provisional and Long Term Trends in Sri Lanka’s Fiscal Operations’ says large scale infrastructure projects of the government must flow into sectors which would activate self expansive properties of private industries if they are to assist the development process of the economy and remain economically productive.
  • Bank of Ceylon amongst Top 1,000 Global Banks

    SRI LANKA, 2012/12/08 The Top 1,000 banks were selected in recognition of world leaders in the industry for their achievements. The rankings are one of the industry’s most widely used index of world banking, and are internationally recognized as the definitive guide to the soundness, strength and profitability of banks. The Banker Magazine first published in January 1926 in U.K, circulated over 180 countries is the key source of data and analysis for the industry in international finance affairs.