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[…]The post The Bleak Future For Sri Lanka : 75 Years After Independence appeared first on Colombo Telegraph.
Sri Lanka’s Central Bank Thursday announced that six of its senior officials, all with over 20 years service with the bank had been appointed Assistant Governors. The romoted officials are Dr. C Amarasekara, Mrs. WA Dilrukshini, Dr. PKG Harischandra, Mrs. DSW Samaratunga, Mrs. EH Mohotty and Mrs. RDT Gunasekara appointed Assistant Governors with effect from […]
ECONOMYNEXT – Sri Lanka has signed an agreement with Washington-based World Bank to borrow 150 million US dollars to strengthen a deposit insurance scheme, the island’s Finance Ministry said. The funds will come from the low-interest International Development Association window to which Sr Lanka re-qualified after its sovereign default. The project will strengthened the “financial […]
The Central Bank of Sri Lanka (CBSL) says that the cumulative deficit in Sri Lanka s trade account narrowed to USD 4.9 billion from USD 5.2 billion within last year, the lowest recorded since 2010.
Saturday 3rd February, 2024 Sri Lanka is experiencing various shortages, but gazette notifications are never in short supply. The only thing the Gotabaya Rajapaksa government did efficiently was to issue gazettes, but most of which were withdrawn immediately after their issuance. Naturally, Sri Lankans do not take gazettes seriously, especially when they make announcements beneficial […]
[…]The post Independent Of What & Whom? appeared first on Colombo Telegraph.
[…]The post Essential Criteria for the Best Online Betting Apps in South Africa appeared first on Colombo Telegraph.
[…]The post Saboteurs Of System Change appeared first on Colombo Telegraph.
The Sri Lankan government says it has made arrangements to borrow USD 150 million from the International Development Association (IDA) of the World Bank Group to finance the implementation of Financial Sector Safety Net Strengthening Project.
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (February 02), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on February 02, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
President Joe Biden is expected to issue an executive order targeting Israeli settlers in the West Bank who have been attacking Palestinians in the occupied territory, according to four people familiar with the matter.
EXCLUSIVE Threaten to push IMF to block next tranche Litigation by bond holders not ruled out Govt. assures will expedite communications Sri Lanka keen on win-win solution By Easwaran Rutnam Private creditors have threatened to do all it can to persuade the International Monetary Fund (IMF) to hold back the next tranche of funding […]
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]
Attorney-at-Law Rajeev Amarasuriya has been appointed to the Governing Board of the Central Bank of Sri Lanka (CBSL). The former Secretary to the Bar Association of Sri Lanka (BASL) was appointed by President Ranil Wickremesinghe, after having received the approval of the Constitutional Council.
Attorney-at-Law Rajeev Amarasuriya has been appointed to the Governing Board of the Central Bank of Sri Lanka (CBSL).
The Bill and Melinda Gates Foundation is to support the Sri Lankan President’s Office and will also act as partners providing active contributions to the Government of Sri Lanka. The Office of the President plays an important role in the ongoing reform programs by providing guidance on policy issues and monitoring government programs, the Government […]
Israeli forces have killed three militants inside a hospital in Jenin, in the occupied West Bank.
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to publish the bill amending the Banking Act No. 30 of 1988 (including provisions to strengthen the existing regulatory standards in areas including Issuance of bank licenses, bank ownership, joint supervision, […]
The Cabinet of Ministers approved the proposal made by the Minister of Power and Energy to establish a wind power station on Mannar Island on a build, own and operate (BOO) basis with private sector investors selected on a competitive basis with an operational period of 20 years. Initially the Cabinet of Ministers at a […]
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to commence the operations of the Institute of National Credit Insurance. Cabinet approval was granted on 27.04.2021 for the establishment of the Institute of National Credit Insurance for the purpose of […]
Widespread protests and anger is sweeping across the mountains and valleys of Gilgit Baltistan over Pakistan’s government’s myopic decisions which have made life hell for the people of this otherwise beautiful region in the Himalayas. So deep is the frustration among the people that many are crying to become Indians! The immediate trigger for the […]
Annually Jaffna district receives around 1.36 billion cubic meters of water through rainfall (Land area 1,025 square km and average annual rainfall of 1326 mm (average 2006-2020)). If at least 30% of this rainfall is collected, retained and recharged the amount of water would be 407 million cubic meters per year. This amount will provide […]
[…]The post Flight Of Human Capital – A Catastrophic Fait Accompli appeared first on Colombo Telegraph.
Sri Lanka s total exports for the year 2023 reached USD 14.49 billion, the Export Development Bank (ED) reported, adding that it is only a minor decline of 0.39% compared to 2022.
[…]The post Chips Are Everywhere: But Can Sri Lanka Ride The Wave? appeared first on Colombo Telegraph.
[…]The post RW, IMF & The Economy appeared first on Colombo Telegraph.
In a recent agreement, the United States through the United States Agency for International Development’s CATALYZE Private Sector Development (PSD) Activity has extended support to Union Bank, enhancing the bank’s efforts to foster its women-focused financial services. This impactful collaboration will promote financial inclusion by addressing the specific needs of female customers in the ba...
The head of the UN agency for Palestinian refugees UNRWA has urged the countries that halted funding to reconsider their “shocking” decision. “UNRWA is the primary humanitarian agency in Gaza, with over two million people depending on it for their sheer survival,” Philippe Lazzarini said. Nine countries, including the UK, earlier paused funding the agency. […]
Sri Lanka is aiming to negotiate a debt restructuring with holders of its defaulted US dollar bonds within Âa couple of monthsÂ, the Governor of the Central Bank of Sri Lanka (CBSL) told the Financial Times, despite complaints by private creditors that they are being left in the dark.
Saturday 27th January, 2024 Thursday’s tragic accident on the Colombo-Katunayake expressway, where State Minister Sanath Nishantha and his security officer died, has rekindled public debate on road safety. That fatal accident could have been avoided if the driver of the ill-fated vehicle had abided by road rules, we are told. A foreigner was killed yesterday […]