People’s Bank records an all-time-high Profit before Tax in 1H 2025
People’s Bank yesterday said it reported an all-time-high Profit before Tax (PBT) of Rs. 28 billion in the first half of 2025.
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National Audit (Amendment) Bill to give Auditor General more powers
The Parliament Secretariat yesterday said the National Audit (Amendment) Bill scheduled to be debated in Parliament received the approval of the Sectoral Oversight Committee on Governance,
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Sri Lanka’s MetroCorp raises stake in NDB
Sri Lanka’s MetroCorp, which has interests in office automation, renewable energy, leisure and infrastructure, has raised its stake in National Development Bank to 4.7 percent,
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CBSL says deflation to end in 3Q 2025
The Central Bank of Sri Lanka (CBSL) on Friday said it projected Sri Lanka’s economy to grow 4.5% in 2025,
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Sri Lanka Banks Post Strong Profits on the back of Economic Stability
Sri Lanka’s banking sector has turned in a momentous performance so far this year with both state-owned and private lenders reporting sharp profit gains on the back of easing interest rates,
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Sri Lanka’s central bank expects economy to grow by 4.5% in 2025
Sri Lanka’s economy will grow by 4.5% this year, the central bank said in a monetary policy report on Friday, despite some risks to the island nation’s recovery from U.S. tariffs.
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Sri Lanka targets 4–5% GDP growth in medium to long-term
Sri Lanka is striving to achieve 4–5% GDP growth in the medium to long-term in comparison to the baseline requirement of 3% set by the International Monetary Board (IMF) to achieve debt sustainability,
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Sri Lanka’s Remittances Surge 23% in July amid growth in Labour Migration
Sri Lanka’s official worker remittances rose 23% year-on-year to US $697.3 million in July 2025,
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Sri Lanka foreign reserves marginally up in July to US$6.1bn
Sri Lanka’s gross foreign reserves edged up by 64 million US dollars in July 2025 to 6,144 million US dollars,
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Central Bank aims to boost daily digital payments by 30%
The Central Bank of Sri Lanka (CBSL) plans to increase the daily digital payment volume by about 30%, a senior official said during a public event promoting digital transactions.
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