Sri Lankan Rupee depreciates further
The Sri Lankan Rupee has further depreciated against the US Dollar, with the speculative behaviour in the market with the spread of COVID-19 outbreak.
According...
President discusses economic impact of COVID-19 with CBSL
President Gotabaya Rajapaksa held a discussion with the Governor of Central Bank of Sri Lanka (CBSL) and other senior officials to assess the emerging...
CSE to remain closed until curfew is lifted
The Colombo Stock Exchange (CSE) is to remain closed for trading from April 01 until the curfew is lifted.
The extraordinary measures taken by the...
Sri Lankan Rupee falls further
The value of Sri Lankan Rupee has fallen further against the US Dollar amid the coronavirus outbreak.
The current selling rate of the US Dollar...
China slashes rate, pumps $7 bn into market to counter virus
China's central bank on Monday cut an interest rate on loans to banks by the largest margin in five years and injected 50 billion...
IMF chief: ‘Clear we have entered recession’
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva...
Stock markets retreat as nervous investors pocket week’s gains
Stock markets on both sides of the Atlantic retreated Friday as investors banked profits from the week's equities rally sparked by massive government and...
World Bank Group & IMF request all official bilateral creditors to...
he World Bank Group and International Monetary Fund have issued the following joint statement to the G20 concerning debt relief for the poorest countries:
The...
President orders banks to remain open
President Gotabaya Rajapaksa has directed the heads of commercial banks to keep their branches open as necessary.
This is a measure to facilitate trade and...
Coronavirus calls into question PSA-Fiat Chrysler merger
Will they or won't they? On top of the massive economic damage, the coronavirus pandemic now is casting doubt over the pending merger between...
