By NESHELLA PERERA Millions of less affluent Sri Lankans works in the Middle East are sending money home to keep the economy afloat while the more educated who hold higher post in developed countries keep money stashed elsewhere, Labour Minister Manusha Nanayakkara said. “The most amount of foreign exchange generated for Sri Lanka comes from the […]

The Central Bank of Sri Lanka (CBSL) says earnings from merchandise exports declined marginally by 2.0% in March 2023 (year-on-year) to USD 1,037 million.

By Saman Indrajith Tamil National Alliance (TNA) MP Shanakiyan Rasamanickam yesterday told Parliament that the debate on the country’s agreement with the IMF was a waste of time as the two parties had already signed the agreement. “This is a waste of time. We are talking about this for three days and we are spending […]

Minister of Education, Susil Premajayantha, told Parliament, yesterday, that they have taken steps to increase the monthly allowance, paid to students at teacher training colleges, in the form of a bank loan. The Minister added that they are finalizing the recruitment of new students to teacher training colleges. “We held the exams in January 2023. […]

The second reading of the Central Bank of Sri Lanka Draft Bill is due to be debated in Parliament on 11 May.

Foreign Affairs Minister Ali Sabry is slated to leave for Incheon, South Korea to attend the 56th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB). MORE.

India jumps 6 places to rank 38 out of 139 countries in the 7th edition of the Logistics Performance Index (LPI 2023) of the World Bank. On 4 out of 6 LPI indicators, India has registered a remarkable improvement because of various initiatives being implemented, hence World Bank has acknowledged the efforts towards increasing logistics […]

As the Truly Sri Lankan Bank, Pan Asia Bank values employee engagement, especially when celebrating the nation’s rich heritage, the Sinhala & Tamil New Year. Recently, Pan Asia Bank held Sinhala and Tamil New Year festivities by upholding all the traditional customs while also respecting diversity and inclusion of all employees through many vibrant activities. […]

Powering the 89th annual Battle of the Saints, Sri Lanka’s leading private sector bank HNB PLC, reaffirmed its commitment as the official banking partner for the highly anticipated cricket encounter at the Sinhalese Sports Club on April 28, 29 and 30. The match will see the two leading Catholic schools, St. Josephs College and St. […]

The Annual Report of the Central Bank of Sri Lanka (CBSL) for the Year 2022 was presented today (27) to the President and Minister of Finance, Economic Stabilization and National Policies, Ranil Wickremesinghe by the Governor of the Central Bank, Dr. P Nandalal Weerasinghe.

The USAID s Sri Lanka Energy Project and the Asia Development Bank (ADB) have collaborated to launch the Sri Lanka National Chapter WePOWER to promote the advancement of women working in the country s local energy sector.

Wednesday 26th April, 2023 Former Minister of Justice and Constitutional Affairs Prof. G. L. Peiris, MP, has faulted the IMF for paying scant attention to the high incidence of corruption in Sri Lanka. He has struck a responsive chord with the public. When the current dispensation stopped dilly-dallying and asked for IMF assistance, many Sri […]

Sri Lanka is caught up in the China-Quad battle. The Indian participation in the ‘Quad’ project has further complicated matters for Sri Lanka. President Gotabaya Rajapaksa’s ouster, last July, following a US-backed protest campaign that overwhelmed the seemingly invincible administration, underlines the urgent need for a thorough examination of external interventions. By Shamindra Ferdinando The [...

The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe has stated that Indian tourists visiting Sri Lanka can now use the Indian Rupee (INR) for local transactions.

By Jehan Perera Slowly but surely the ruling party is beginning to reassert itself.  An indication is the removal of Prof G L Peiris from the chairmanship of the ruling party.  In the aftermath of the economic collapse last year he has been one of the few members from the SLPP to have adopted a […]

By Shamindra Ferdinando SLPP MP Prof. G. L. Peiris has found fault with the International Monetary Fund (IMF) for not paying sufficient attention to waste, corruption and economic mismanagement under the Rajapaksa-Wickremesinghe administration. The former External Affairs Minister emphasised the responsibility on the part of the lending agency to address these issues, particularly against the [...

Islamabad [Pakistan], April 15 (ANI): The International Monetary Fund (IMF) has “welcomed” Pakistan’s confirmation of having secured crucial bilateral support from key partners with a rider, saying it looked forward to receiving further “financing assurances as soon as possible”, which would help conclude the much-delayed ninth review of a USD 7 billion loan programme, Dawn […]