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NSB initiates pension scheme

The majority of people in Sri Lanka do not have pension funds due to the absence of a proper pension instrument in the country, Governor of the Central Bank Ajith Nivard Cabraal said.

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IFC helps Nations Trust Bank develop credit scoring for small and retail business lines

IFC, a member of the World Bank Group, is helping Sri Lanka’s Nations Trust Bank build capacity to improve credit processes and align them with global best practice for the benefit of its small and medium enterprise and retail business lines.

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Colombo Stock Exchange approves Renuka listing

The Colombo Stock Exchange has approved an application by Renuka Holdings Ltd to list on the bourse’s second board, sources said.

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Lanka mulls more flights to Pakistan

Sri Lanka is looking at increasing its airline frequency to Pakistan. Daily frequencies to both Karachi and Lahore are being considered.

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Chairman of National Savings Bank Upali Gunaratne handing over a token of the first scheme to Central Bank Governor Ajith Nivard Cabraal. Picture by Saliya Rupasinghe

Sri Lanka has been a relatively high inflation country. During the last 30 years, we have recorded an average inflation of around 12 per cent per annum. Notwithstanding our tight policies in 2007, inflation was higher than expected last year too. This was however mainly due to the phenomenal increases in international commodity prices that were experienced during the year. ‘In fact, the increases in prices of imported commodities such as milk powder, wheat and petroleum contributed to more than 25 per cent of the inflation during the year. (Central Bank)

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