@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
140 results found in 1890 ms
Page 1 of 5
Sri Lanka and the International Monetary Fund (IMF) have looked at strengthening financial governance in Sri Lanka. State Minister of Finance Shehan Semasinghe had talks with the Deputy Managing Director of the IMF, Kenji Okamura. “It was a great pleasure to meet IMF DMD HE Kenji Okamura. Discussed the progress of the EFF programme, challenges […]
The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to consider instituting criminal proceedings against eight pyramid-type prohibited schemes operating in Sri Lanka.The post Sri Lanka’s Central Bank warns general public over 8 pyramid-type schemes appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The World Bank, the International Monetary Fund (IMF), and the Ministry of Power and Energy in Sri Lanka had talks on restructuring the balance sheets of the Ceylon Electricity Board (CEB). Power and Energy Minister Kanchana Wijesekera said that World Bank experts will work with the CEB and the IMF to provide advice and options […]
Minister of Power and Energy Kanchana Wijesekera yesterday (30 May) held a meeting online with the International Monetary Fund (IMF), World Bank and the Ceylon Electricity Board (CEB).
The Central Bank of Sri Lanka (CBSL) says it has conducted investigations into several institutions to ascertain whether they have conducted schemes prohibited in terms of the Banking Act, based on some complaints received by the CBSL.
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Indian High Commission yesterday (30) said that following a request from Sri Lanka, the State Bank of India (SBI) had extended the tenure of the USD 1 billion Credit Facility, provided in March 2022, for the procurement of essential items. In this context, an Amendment Agreement was signed yesterday, in the presence of the […]
People’s Bank announced the results for its quarter ended March 31, 2023 reporting total consolidated operating income and pre-tax profit amounting to LKR 24.0 billion and LKR 7.2 billion, respectively (Q1-2022: LKR 42.6 billion and LKR 11.0 billion). Similar to 2022, the quarter continued to be characterized by higher interest costs; due to the high […]
Sri Lanka has been granted an extension of the credit facility signed March 2022, with India providing access to a USD 1 billion credit facility until March 2024.The post India extends USD 1 Billion Credit Line for Sri Lanka until March 2024 appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Controller-General of Immigration and Emigration, Harsha Ilukpitiya says an online passport application system will be implemented in the coming days pursuant to President Ranil Wickremesinghe’s initiative to digitize the public service.The post Sri Lanka to initiate new online passport application system appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri La...
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura, is to visit Sri Lanka for talks. State Minister of Finance Shehan Semasinghe said that Kenji Okamura will be on a two-day official visit to Sri Lanka (31st May and 1st June). During the visit, several rounds of discussions will be held on […]
In response to a request from the Government of Sri Lanka (GOSL), the State Bank of India (SBI) has extended the tenure of the USD 1 billion Credit Facility provided to GOSL for procurement of essential items in March 2022. In this context, an Amendment Agreement was signed today (30 May 2023) in the presence […]
The Asian Development Bank (ADB) on Monday (29) approved a 350 million U.S. Dollar special policy-based loan to provide budget support to Sri Lanka for economic stabilisation, the ADB said in a press release. The Bank said that the programme is part of a broader package of financial assistance anchored by the International Monetary Fund’s […]
The Sri Lankan rupee has shown a notable appreciation of 19.8 percent against the US dollar this year, from the period spanning up to 26 May 2023, according to Central Bank statistics The Sri Lankan rupee has also experienced significant appreciation against various currencies during this timeframe as well. The rupee appreciated 26.4 percent against […]
By N Sathiya Moorthy How come a ‘poor’ in Asia is also among the ‘miserable’ in the world? But it is possible, as two economic surveys of nations have shown, coming as they do almost simultaneously. A certain Hanke’s Annual Misery Index (HAMI) 2022 has ranked Sri Lanka as the 11th […]
UBS is suspending work on its application for a wholly owned mutual fund company in China as it focuses on completing its acquisition of Credit Suisse and resolving regulatory issues raised by the new combination, according to people familiar with the matter. The rushed takeover of Credit Suisse in March complicated an effort by UBS […]
Even though China is South Korea’s top trading partner, Seoul’s tightening ties with the U.S. and other wealthy democratic countries reveal its interest in countering Beijing’s economic coercion, experts say. After a monthlong diplomacy effort that included summits with the U.S. and G-7 leaders, “reducing our reliance on China” and “diversifying our trading part...
The Asian Development Bank (ADB) today approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization.The post ADB approves $350 Million for Sri Lanka economic stabilization programme appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Asian Development Bank (ADB) today approved a US$350 million (RM1.6 billion) special policy-based loan to provide budget support to Sri Lanka for economic stabilisation, the regional lender said in a statement. The programme is part of a broader package of financial assistance anchored by the International Monetary Fund’s (IMF) Extended Fund Facility for the […]
The Asian Development Bank (ADB) has approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization today (29).
Sri Lankan Rupee further appreciated against the US Dollar today (May 29), the Central Bank of Sri Lanka (CBSL) reported.
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
A high-level meeting chaired by the Minister of Water Supply and Estate Infrastructure Development, Jeevan Thondaman was held recently between officials of the Ministry, the Water Board, and the Asian Development Bank (ADB) to finalise significant reforms in the water sector.
Entries are invited from Sri Lankans above 18 years of age for the above titled competition consisting of two sections: prose and poetry. Short stories of up to 2,500 words and poetry of 32 lines or less to be submitted, abiding by the stated guidelines. Three poetry entries are permitted each competitor, a news release […]
ECONOMYNEXT –Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though despite currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group has said.As the currency stabilized, as central bank ended contradictory money and exchange policy conflicts, businesses had cut prices. Mainstream economists generally claim that price […...
[…]The post Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices appeared first on Colombo Telegraph.
[…]The post Economics Of Recovery & Politics Of Reconciliation appeared first on Colombo Telegraph.
The Sri Lankan Rupee further appreciated against the US Dollar today (May 26), according to the Central Bank of Sri Lanka (CBSL).
Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.The post Sri Lanka needs to boost entrepreneurship to overcome ongoing crisis – Central Bank Governor appeared first on ONLANKA News - Sri Lanka News Service to g...
The Committee on Ways and Means emphasized that a proper methodology should be followed in selecting beneficiaries for social security schemes. This was taken into discussion at the Committee on Ways and Means Chaired by Hon. Patali Champika Ranawaka, member of Parliament. The officials informed the committee regarding the “Aswesuma” welfare scheme to be implemented by the government from the firs...