Sri Lankan Rupee closed firmer yesterday as banks sold Dollars to buy Rupees on hopes of rise in interest rates due to Government’s high domestic borrowing that has resulted high budget deficit. The Rupee closed at 114.05/10 per Dollar, compared with Monday’s 114.15/18, as Banks bought the local currency to cover short positions amid tight liquidity [...]
Non Cabinet Minister of State Plantation Enterprises Reforms and State Minister of Finance, Ranjith Siyambalapitiya, announced that in the first quarter of this year, state revenue has reached an impressive Rs. 834 billion. This achievement not only surpasses the projected revenue but also indicates a growth of 6%. The state minister emphasized that with prudent […]
President Ranil Wickremesinghe expressed his dedication to fostering an economic landscape in the nation that would prevent future struggles among its citizens. Emphasizing the swift reconstruction of the economy within a mere two-year span, he underscored his resolve to elevate the standard of living by fortifying the economy s resilience.
Former Malaysian Prime Minister Mahathir Mohamad is among individuals being investigated in connection with a graft probe involving his sons, the head of Malaysia s Anti-Corruption Commission (MACC) said on Thursday.
Iran s President Ebrahim Raisi has called for expanding ties with Asian countries, particularly Pakistan and Sri Lanka, to strengthen bilateral, regional, and international cooperation.
President Ranil Wickremesinghe emphasized the necessity for Global South countries to capitalize on their strengths and collaborate effectively. He underscored the importance of their voices in tackling global challenges like climate change, food security, debt management, digitization, technological advancement, and achieving the Sustainable Development Goals.
The meeting between Iranian President Dr. Ibrahim Raisi who arrived in Sri Lanka to attend the inauguration of the Uma Oya Multipurpose Development Project and President Ranil Wickremesinghe took place yesterday (24) afternoon at the Presidential Secretariat.
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