The Central Bank of Sri Lanka has reportedly announced that the country’s gross official reserves have reached US$ 8.9 billion by end June 2019, following the receipt of the proceeds of the International Sovereign Bonds (ISBs), providing an import cover of 5.1 months.
Plantation Industries Minister of Sri Lanka, Navin Dissanayake has reportedly assured tea factory owners of financial relief to help address the difficulties faced by the industry.
US based travel magazine, Travel + Leisure, has ranked Sri Lanka as Number 1 in its list of ‘The 15 Best Islands in the World.
The Asian Development Bank (ADB) has reportedly embarked on a massive transport sector development project covering, road, railway and port sectors in Sri Lanka with the aim of moving the local transport and logistics sector into the future.
Sri Lanka’s Central Bank is expected to leave its key interest rates unchanged on Thursday, a Reuters poll showed, after cutting them in May to support the economy as tourism and investment plummeted in the wake of Easter Sunday bombings, the Reuters news agency has reported.