Wednesday 31st August, 2022 Trade unions in the power and energy sectors are up in arms against a government move to restructure the Ceylon Electricity Board (CEB) and the Ceylon Petroleum Corporation (CPC). They would have the public believe that the blame for the staggering losses the two institutions have been incurring should be laid […]

"If there is no flour, we simply cannot produce,” said Jayawardena.

He said the new mechanism, upon its completion, will also ensure that transparent laws and systems are in place.

Sri Lanka is facing a looming food shortage after ban on fertilizer import

The UK no longer advises against all but essential travel to Sri Lanka

Yala cultivation of 512,000 ha would be record

Workers who appeared for the test will also be given the opportunity to appear in another field next year.

"We are seeing the pressure on the rupee easing as a result of exports growing and imports contracting."

‘Inflation will not be as high as initially expected’ Inflation will not be as high as initially expected and there are signs of economy stabilising, Central Bank Governor Dr. Nandalal Weerasinghe says.Dr. Weerasinghe said that during the past few months a number of initiatives had been made to improve the economy and they were yielding […]

The grant was given in response to a request by Sri Lanka’s government.

By Hiran H.Senewiratne The CSE turned negative yesterday having traded with a bullish run for 12 consecutive days due to profit- takings of many counters, especially blue-chip counters. This development could be considered as the market correction, stock market analysts said. Sri Lanka’s shares fell over 1 per cent in mid-day trade, pulled down by […]

The manufacturing PMI declined to 41.4 from 44.1

"What we ask from the government is to facilitate us through private or state banks to import these as needed," he said.

To carry the extra fuel, we can't carry all the freight we like to into the country

By Ifham Nizam The Ceylon Electricity Board implements most of its power transmission and distribution infrastructure development projects like the construction of new transmission lines, transmission and distribution substations, etc., using loan funds obtained from international lending agencies such as the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). These ...

by Jehan Perera The government appears to have secured political stability in the short term.  So far President Ranil Wickremesinghe’s efforts to restore stability appear to be working. Political stability is necessary for decisions to be made and kept.  It is a necessary element for international support to come in.  One of the IMF’s conditions […]

The above statement was made by Manusha Nanayakkara our Labour & Foreign Employment Minister. How the Minister is going to do it is not known.I wish to make a few suggestions to the Minister for his consideration to implement his proposal. Tourists, migrant workers and the dual citizens were the people whom the Minister referred […]

Still market sees dollar shortage

Calls for unity in a country torn apart by nationalism and monetary instability

by Jayampathy Molligoda Inflation is too high in Sri Lanka; people are finding it unbearable. How can we control the inflation from further slipping? Singapore experience and structure of our CBSL:  Singapore has the Monetary Authority Singapore (‘MAS’) as their Central Bank, where in Sri Lanka, we have the Central Bank of Sri Lanka (which […]

Despite US dollar shortage, rupee guidance rate remain steady

The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]

We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake