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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 […]
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...
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 […]
President Ranil Wickremesinghe extended an invitation to all political party leaders in the Parliament to engage in discussions with the Managing Director of the International Monetary Fund (IMF) on the implementation of the agreement with the IMF. Emphasizing the importance of unity in leading the country to success, he reiterated that withdrawing from the agreement […]
[…]The post Challenges In The Forthcoming Presidential Elections appeared first on Colombo Telegraph.
By Rathindra Kuruwita Technical and Vocational Education and Training (TVET) neededs to change as the world had transformed with the advent of new technologies, Dr. Harsha Aturupane, World Bank’s lead economist and programme leader for human development for Sri Lanka and the Maldives, said in a televised interview recently. Dr. Athurupane said complex and advanced […]
In the global political landscape of 2024, Reuters provides a comprehensive overview of key elections shaping the economic and geopolitical landscape across diverse regions. From Europe, where the rise of Eurosceptic far-right parties poses challenges to the European Union’s integration, to Russia, where Vladimir Putin is set for another term amid heightened tensions with the […]
By Hiran H.Senewiratne Sri Lanka’s inflation could rise to 7 percent in January 2024 due to the VAT increase, the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe warned. Speaking at a special press briefing held yesterday, Dr. Weerasinghe explained that an increase in inflation is likely due to the increase […]
By Rathindra Kuruwita Inflation could rise to about 7% in January 2024, Governor of the Central Bank (CBSL), Dr. Nandalal Weerasinghe has said. Addressing the media on the first monetary policy review of 2024, Dr. Weerasinghe said on Tuesday that the increase in the Value Added Tax (VAT) and the increased prices of vegetables due […]
The Monetary Policy Board of the Central Bank of Sri Lanka decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per cent and 10.00 per cent, respectively. The Board arrived at this decision following a comprehensive assessment of […]
Sri Lanka's central bank kept interest rates steady on Tuesday, in line with market expectations, forgoing a rate cut as a new tax threatened upward pressure on expenses and fuelled concerns about inflation.The post Sri Lanka central bank keeps policy rates unchanged to tame inflation appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe, has warned that Sri Lanka s inflation could rise to 7% in January 2024.
A press release issued by the Central Bank of Sri Lanka states that the Monetary Policy Board of the CBSL, at its meeting held on 22 January 2024, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per […]
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 9.00 per cent and 10.00 per cent, respectively.
by Jehan Perera Under President Ranil Wickremesinghe’s leadership it looks like Sri Lanka is once again punching above its weight. The President took centre stage at the 19th Summit of the Heads of State and Government of the Non-Aligned Movement (NAM) and the 3rd South Summit of the Group of 77 & China, currently taking […]
[…]The post President Positions Sri Lanka To Win International Support appeared first on Colombo Telegraph.
Sri Lanka's consumer price inflation rate jumped to 4.2% year-on-year in December driven by rising food prices, official data showed on Monday, although it remains well below record high levels seen at the height of the country's financial crisis.The post Rising food prices drive Sri Lanka inflation up to 4.2% in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Prof. Amarasiri de Silva Sri Lanka, renowned for its rich cultural heritage and diverse landscapes, is grappling with an unprecedented macroeconomic crisis. This crisis has given rise to acute shortages and sharp increases in the prices of essential products, creating a complex web of challenges. At the heart of this multifaceted crisis lies a […]
Sri Lanka is showing first signs of recovery as it finds itself in an election year, and therefore, what happens before the elections as well as after them will be crucial for the economic recovery in Sri Lanka, IMF’s Senior Mission Chief, Peter Breuer said on Friday. He said so at a press briefing held […]
[…]The post In This Election Year, Sri Lanka Needs A Lot Of Rationally Thinking People appeared first on Colombo Telegraph.
[…]The post Separation Of Powers, Rule Of Law, Corruption & SL Bankruptcy appeared first on Colombo Telegraph.
A number of media rights groups, civil society and trade unions have raised concerns over President Ranil Wickremesinghe’s alleged attempt to take the country into a dictatorship by bringing repressive laws. Issuing a joint statement, the Media, Civil Society and Trade Union Collective said the new laws will restrict the public’s right to expression, right […]
Samsung, a global technology leader, proudly announces the commencement of pre-orders for its highly anticipated Galaxy S24 Series, featuring the Galaxy S24 Ultra, Galaxy S24 Plus, and Galaxy S24. The pre-order period kicked off on January 19, 2024, at 05:00 AM and extends until February 8, 2024, until 11:59 PM. Samsung is delighted to present […]