21 September 2018
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Softlogic Finance Company facing financial crisis

Softlogic Finance Company is facing a threat of a financial meltdown, a senior official from the Central Bank of Sri Lanka said.

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Sri Lanka rupee premiums under pressure after IMF statement

* Rupee kept steady despite IMF request to limitintervention * Market expects rupee to fall in near future * Shares end weaker amid foreign selling.

Sri Lanka's rupee currency premiums edged up on Thursday after the International Monetary Fund asked the central bank to limit its intervention in the foreign exchange rate and allow flexibility in the exchange rate.

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