There is a rise in scams via credit and debit cards being observed in Sri Lanka, HSBC Bank has warned its customers. In a precautionary message it said beware of a misleading SMS sent from an unknown number regarding a package delivery. This message may contain a fraudulent link that directs you to a fake […]

By Norman Palihawadane The CID is investigating a human trafficking network enabling Lankan ex servicemen to fight as mercenaries in both sides of the Russia-Ukraine war, Police headquarters sources said on Friday. According to information confirmed by the investigators, at least five such mercenaries have been killed in the fighting. There were two confirmed deaths […]

Headline inflation for March 2024, measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index, has dropped sharply to 0.9 percent in March 2024 from 5.9 percent in February 2024, the Central Bank of Sri Lanka (CBSL) says. This deceleration in the headline inflation was broadly in line with the projections of the […]

Empower Her, Empower a Nation Empowering her is to empower a nation. Bringing its deep-rooted values to the spotlight this International Women’s Day, Siyapatha Finance PLC united together to celebrate the collective strength, power and achievement of woman and womanhood across the Island Nation. In hopes of enhancing women’s role in taking leadership, Siyapatha embarked […]

Sri Lanka was optimistic about resolving its debt restructuring issues in the second quarter to secure financing from the International Monetary Fund (IMF), as external creditors are reportedly engaging positively, Bloomberg said quoting the country’s state finance minister. “We anticipate a favourable outcome,” stated state minister Shehan Semasinghe during discussions held in L...

Legal action has been instituted against five individuals including former Governor of Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal, the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) says.

During the bilateral discussion held with Sri Lankan Premier Dinesh Gunawardana in Beijing, President Xi Jinping expressed China s continued support to Sri Lanka together with EXIM Bank of China and China Development Bank, says State Minister of Finance Shehan Semasinghe.

By Hiran H.Senewiratne The Central Bank has taken steps to remove price controls on rupee lending rates from April 1, amid continuing falls in market rates. The price control order on rupee denominated lending products issued in August 2023 ‘contributed to reducing the overall market lending interest rates and therefore yielded the expected results, Central […]

In its quest to challenge Western hegemony in global governance and make itself more representative of the Global South, BRICS has begun to expand itself, including more new member nations. The expansion has led to a formal request by Pakistan to join BRICS in late 2023. This has led to discourse and speculations by scholars, […]

The Governor of Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe on Tuesday (March 26), asserted that he would not resign over the controversy surrounding the salary increase.

The Central Bank of Sri Lanka (CBSL) says the country s trade services, mainly earnings from tourism have recovered significantly during the first two months of 2024, while the positive momentum of workers remittances also continued.

The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points (bps) to 8.50 per cent and 9.50 per cent, respectively.

52nd Death Anniversary of Philip Gunawardena falls today by Dr. W. A. Abeysinghe The legendary revolutionary and pioneer of the Sri Lankan Marxist movement, Don Philip Rupasinghe Gunawardena, was born on 11 January 1901 in the rural village of Boralugoda in the Hevagam Korale. His father was Don Jakolis Rupasinghe Gunawardena, popularly known as Boralugoda […]

Fergus Cumming, Deputy Chief Economist of the Foreign, Commonwealth and Development Office (FCDO), concluded a three-day visit to Colombo from 18 to 20 March, British High Commission said in a statement. Fergus engaged in constructive discussions with key stakeholders, including the State Minister of Finance, Central Bank Governor, IMF Representatives, Diplomatic counterparts, opposition parties, ...

In an unprecedented display of candor, Premier Li Qiang’s inaugural government work report delivered a scathing indictment of the myriad economic woes plaguing China at the recently concluded National People’s Congress in Beijing. The wide-ranging report pulled no punches in exposing the cascading domestic fragilities and external hostilities that threaten to derail the world’s second-largest [...

Jammu and Kashmir is experiencing a period of high growth, driven by proactive government policies, strategic investments, and concerted efforts aimed at unlocking the region’s immense potential. • Jammu and Kashmir contributes approximately 0.8 percent to India’s GDP, in alignment with its population share of 0.9 percent and its FDI and exports are expanding, with […]

Jammu and Kashmir is experiencing a period of high growth, driven by proactive government policies, strategic investments, and concerted efforts aimed at unlocking the region’s immense potential. • Jammu and Kashmir contributes approximately 0.8 percent to India’s GDP, in alignment with its population share of 0.9 percent and its FDI and exports are expanding, with […]

President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]