Shirajiv Sirimane

‘SL Remit’ targets USD 9 bn expat remittance inflow

Sri Lanka will soon launch a new digital platform ‘SL Remit’ enabling Sri Lankan expatriates to send their remittances to Sri Lanka, said Central Bank Governor Ajith Nivard Cabraal.He was speaking at...

Abans to invest Rs 3.5 bn in air conditioner, refrigerator plants

For the first time in Sri Lanka, Abans will be moving to the manufacture of Air conditioners in Sri Lanka and also refrigerators. The total investment for the two projects...
WTM bound travellers in a quandary

Most of the travel industry stakeholders bound for the World Tourism Market (WTM) in London are in a quandary as no proper guidelines are issued from the Sri Lankan embassy...
Lease rental negotiations to save SriLankan USD 135 mn

SriLankan Airlines has saved around USD 27 million per year by renegotiating lease rentals of aircraft with several parties, State Minister of Aviation and Export Zones...
“SL should start accepting and trading in INR”

Sri Lanka should start trading with India by paying in Indian Rupees (INR) and this can annually replace the use of over USD 2 billion, said Ideal Group Founder and Executive...

Lankan economy making headway- Cabraal

The Sri Lankan economy is making headway, despite the pandemic related disruptions and with the gradual return to normalcy Governor Central Bank Ajith Nivard Cabraal told the Monetary Policy Review...
Several steps being taken to boost foreign reserves – CB Governor Cabraal

Sri Lanka is taking several steps to boost up the foreign reserves, Central Bank Governor Ajith Nivard Cabraal said at the Monetary Policy Review Press Briefing yesterdayHe said that though foreign...
‘Banks manipulating moratoria , making huge profits with shipping companies’

The National Chamber of industries (CNCI) don’t have any objection in unutilized assets being put into productive use and foreign investors found for infrastructure projects as long as local...
Govt. should empower local milk powder manufacturers - NMCP

The National Movement for Consumer Rights Protection (NMCRP) lashed out at milk importers and called them a bunch of Sherlock’s and also accused the government of being lenient on them. Chairman...
Litro Surakeeme National Unity raises concerns about proposed joint mechanism

The Sri Lankan LPG industry is in for a major crisis as the lone player in the market, Litro Gas would soon run out of supplies due to lack of funds to purchase LPG. The only solution for this would...
BOI secures over USD 700 mn FDI in 1H 2021

The Board of Investment (BOI), has approved USD 770 million worth of Foreign Direct Investments (FDIs) for the first six months of 2021 said Chairman BOI, Sanjaya Mohottala. In addition over 1.5...
CBSL form comprehensive plan to fix six failed finance companies

The Central Bank will implement a comprehensive plan to deal with the six failed finance companies and actively pursue the revival of those that could be revived with new investment Governor Ajith...
Six month Roadmap to spur economic growth

‘The Six Month Roadmap for Ensuring Macroeconomic and Financial System Stability’ presented yesterday will bring immediate solutions to some of the current burning issues, said Governor of the...
Litro ready to refill, distribute Laugfs LPG gas cylinders

Litro Gas says that they are now in a position to refill and distribute Laugfs LPG gas cylinders provided proper legal clearance is made.A senior official from Litro said that they now command over...
CBSL to release funds for oil purchases

The Government will review the import ban on vehicles in December while the temporary import restrictions on several other goods would be relaxed gradually, Central Bank Governor Ajith Nivard Cabraal...
Vehicle import ban to come under review in December - Cabraal

Sri Lanka will review the import ban of vehicles in December while the temporary import restrictions on several goods would be relaxed gradually, said Governor Central Bank, (CBSL) Ajith Nivard...
Offer expatriates attractive incentive package to invest in SL-CBA

The government must come up with an ‘attractive incentive package’ to woo Sri Lanka expatriates to invest in Sri Lanka through their relatives living here. This scheme can attract over USD 500...
First Lankan assembled 4G smartphone to market in December

Creating history in the Sri Lankan ICT sector, the island’s first assembled 4G enabled mobile smartphone, would be released to the market by Micro Electric International Pvt. Ltd Colombo by December...
Colombo Port City celebrates 7 th Anniversary today

Sri Lankans biggest privately funded development, Colombo Port City (CPC) which will help to elevate Sri Lanka to its next level will be celebrating 7 years of its existence today. (17).The project...
CBSL to unveil Road Map 2021 on Oct. 1

The Central Bank will launch Road Map 2021 for Sri Lanka on October 1, new Governor of CBSL Ajith Nivard Cabraal said yesterday upon taking office as the 16th governor.He said these new strategies...