Central Bank of Sri Lanka (CBSL) will be issuing its largest ever Treasury (T) Bill stock to the market, by an auction in T-Bills’ 100-year-old history, a sum of Rs 120 billion, on Wednesday (25), an upload on CBSL’s website last Friday (20) showed.

Fitch Ratings has downgraded the National Long-Term Ratings of five Sri Lankan finance and leasing companies (FLCs) after the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The FLCs’ ratings remain on Rating Watch Negative (RWN). The dow...

China has given Sri Lanka a positive response over the request for debt re-structuring State Minister Shehan Semasinghe said, as the country seeks assurances that debt will be re-structured in line with a program with the International Monetary Fund.

Sri Lanka’s earnings from exports declined for the second consecutive month in November while the trade deficit widened from the previous month, as the global economy slows down amid decades-high inflation and rise in interest rates to tackle the surging prices.