The Cabinet of  Ministers approved the proposal made by the Minister of Irrigation to provide 0.99 hectares each on the water surface of the Chandrika wewa Reservoir located in the Embilipitiya Divisional Secretariat Area and the water surface of the Kiriibban wewa Reservoir located in Sewanagala Divisional Secretariat Area and plots of 0.1 hectares each […]

By Rathindra Kuruwita The Committee on Public Finance (COPF) had invited all Members of Parliament to a meeting it was scheduled to have with the officials of the Central Bank of Sri Lanka (CBSL), on Tuesady (05), COPF Chairman, MP Harsha de Silva told journalists in Colombo yesterday. “We will ask them to explain the […]

There is always a method to Chinese madness and this applies to its “Xiaokang Villages” also. Construction of these villages began across the Line of Actual Control (LAC) just over a decade ago, China has today began populating them. The delay in getting residents for these villages is probably because of the reluctance of Tibetans […]

Pakistan must navigate challenges in the finance sector by diversifying its economic alliances, reducing dependence on singular partners, and negotiating funding arrangements that align with its long-term developmental objectives. The road ahead demands astute diplomatic manoeuvring, a commitment to economic resilience, and a proactive approach to curb corruption and inefficiencies of the Pakistan...

The officials of the Central Bank of Sri Lanka (CBSL) have been summoned to the Cabinet meeting scheduled to be held on Tuesday (March 05).

By Shamindra Ferdinando Gevindu Cumaratunga, MP, has sought Prime Minister Dinesh Gunawardena’s intervention to ensure State Finance Minister Shehan Semasinghe on behalf of President Ranil Wickremesinghe, who holds the Finance portfolio, provided a satisfactory answer to several queries he raised regarding the status of the Employees Provident Fund (EPF) as at 31 Dec., 2022. In […]

Monday 04th March, 2024 The Central Bank of Sri Lanka (CBSL) is drawing heavy flak for having granted its workers generous pay hikes amidst a crippling economic crisis. Its critics are arguing that such salary increases, allegedly ranging from 29% to 70%, should not have been given at a time when the government is asking […]

by Dhara Wijayatilake Director and Secretary General of the International ADR Center Sri Lanka ratified the UN Convention on International Settlement Agreements Resulting from Mediation, popularly known as the Singapore Convention on Mediation, held recently. As at today, the Convention has 56 signatories and has been ratified by 14 nations. The Convention was developed by […]

‘New laws needed to rein them in’ By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, said that contrary to the Constitution, the Parliament didn’t exercise full control over public finance.The former President of the Bar Association said a new law was required to subject all state enterprises to parliamentary control to prevent further deterioration […]

Sri Lanka is seeking a five-month hold on a lawsuit filed by a bondholder over the country s historic debt default, telling a New York federal judge that it wants more time to negotiate with private creditors.

by Rex Clementine Since the arrival of the new set of selectors, there has been a revival for the Sri Lankan team. Scorebooks say they have won five series inside two months, but what has happened behind the scenes has gone unnoticed. Discipline and hard work are the buzz words in the new set up. […]

Officials of the Central Bank (CB) had been asked to attend the party leaders meeting in Parliament on 05 March, the Department of Communication of Parliament said. The decision to summon CB officials was taken during a meeting of the Committee on Parliamentary Business held yesterday morning (March 01).The CB officials will be asked about […]

Sri Lanka s earnings from tourism were estimated at USD 342 million in January 2024, the Central Bank s latest report on external sector performance revealed.

The officials of the Central Bank of Sri Lanka (CBSL) will be summoned to the party leaders meeting scheduled to be convened at 10.30 a.m. on Tuesday (March 05), the Department of Communication of Parliament says.