Guidance peg up

The Asian Development Bank (ADB) approved a $200 million emergency assistance loan for Sri Lanka, with funds repurposed from other ongoing ADB projects, to improve food security and protect the livelihoods of the poor and vulnerable, especially women and children.

Food price rose 93.7 percent in the 12-months to August

Quoting the management company, the PMD said bookings have already been made for 15 events by December 31.

Colombo [Sri Lanka], August 27 (ANI): Even as Sri Lankan President Ranil Wickremesinghe has requested China to restructure its debt amid a severe economic crisis and shrinking foreign reserves, Beijing has chosen to maintain a deafening silence which reveals how disinterested the country is to extend a helping hand to the island nation at this […]

Top three source markets are UK, India and Germany.

Wickremesinghe is budgeting in a sea of monetary instability

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 […]

By Shamindra Ferdinando The Sri Lanka Institute of Directors (SLID) and Transparency International Sri Lanka (TISL) recently declared corruption as the root cause of Sri Lanka’s current political and economic crisis. The declaration was made in a statement titled, “SLID and TISL launch ‘Business Against Corruption’ Initiative” issued to the media after the two organisations […]

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

The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that Sri Lanka has made Âgood progress in the negotiations with the International Monetary Fund (IMF), which are aimed at clinching a bailout package.

President Ranil Wickremesinghe says that the outstanding loans obtained by small-scale paddy farmers from state-owned banks will be waived off, excluding interest.

The country is yet to see the impacts of economic crisis easing.

Hopes to stop money printing

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

IT industry also hit from ban on computer items

SriLankan had bond of US$175mn, loans of US386mn

By Shamindra Ferdinando SJB MP Dr. Harsha de Silva yesterday said  that he was quite disappointed that his economic revival plan, or common minimum programme, presented in parliament on 12 August hadn’t received the anticipated response from political parties, represented in Parliament. The Colombo District lawmaker said so when The Island asked him whether political parties and President […...

Tuesday 30th August, 2022 Winston Churchill derisively called the Soviet Union a riddle wrapped in a mystery inside an enigma. One may, with apologies to him, call the present-day Sri Lanka a paradox enveloped in an irony inside a muddle. What is happening in this country defies comprehension, and is even more puzzling than the […]

Expat workers blamed for engaging in essential and non-essential imports