@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
582 results found in 1312 ms
Page 5 of 20
Reuters: Sri Lankan shares rose on Friday as investors snapped up blue-chip companies, helping the main index recover. The Colombo Stock Exchange’s main index closed 1.4 per cent or 68.19 points firmer to end at 4,991.21, its highest since 25 May. “The market has fallen too much and now it is trying to correct itself,” ...
Reuters: Sri Lanka may need to consider easing monetary policy if trade data for May and June point to significant weakness in global demand for the island’s goods, the Treasury Secretary told Reuters on Thursday. A further export slowdown would put additional pressure on the economy as domestic demand has already shown signs of cooling ...
Jun 15, Colombo: International Monetary Fund (IMF) lowered the economic growth forecast for Sri Lanka Friday but said the policy measures implemented by the government to curb the trade deficit are 'fruitful'.
Sri Lankan government has had discussions with the International Monetary Fund (IMF) for fresh financial assistance, which will be discussed in detail in September, IMF officials said. "There's a possibility of (IMF) extending further financial assistance - similar to the current Stand
Sri Lanka is seeking fresh help from the International Monetary Fund after drawing down a previous $2.6-billion bailout, a top IMF official said Friday.
Reuters: Sri Lankan stocks jumped 1.6 per cent on Thursday to a more than three-week high on institutional buying of blue-chips stocks like John Keells Holdings PLC in an oversold market after the central bank kept policy rates steady. The Central Bank held the key policy rates unchanged on Wednesday. The main index rose 1.61 ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
Reuters: The rupee recovered 0.5 per cent on Wednesday after hitting a record low the previous day as exporters sold dollars, traders said. The rupee closed at 131.90/132.10 against the dollar from Tuesday’s close of 132.40/70. It hit all time low of 133.60 on Tuesday, surpassing the previous record of 133.00 reached on 25 April. ...
Q1 GDP shrinks 6.5 pct year-on-year Contraction deeper than -6.2 pct flash estimate Q2 seen weak Reuters: Greece’s economy shrank further in the first three months of 2012, shrivelling at a yearly rate of 6.5 percent against a backdrop of painful wage cuts, tax hikes and record unemployment. The data, released on Friday, will add ...
Reuters: Euro zone leaders need a master plan and “collective determination” to rescue the common currency, but not necessarily a deadline, International Monetary Fund Managing Director Christine Lagarde said on Tuesday. US billionaire George Soros said on Saturday that the euro zone
SAO PAULO (Reuters): Brazil’s economy barely expanded in the first quarter a s frustrated business leaders cut back on investments, setting the stage for another disappointing year and casting new doubt on the health of emerging markets. The economy grew just 0.2 percent compared to the final three months of 2011, less than half t ...
The Central Bank has said that the Employees Provident Fund is safe and it is not exposed to any danger. Superintendent of EPF of the Central Bank Kalyani Gunatllake stressed that the propaganda, being spread by certain opposition groups is baseless. Certain political groups in the opposition spread propaganda that the EPF as well as ...
A team of officials from the International Monetary Fund (IMF) is to arrive in Sri Lanka next week to review the country’s economic conditions before disbursing the final tranche of the US$ 2.6 billion Stand-By Agreement (SBA), Government officials said. The review is scheduled to commence
Jun 01, Colombo: A team of officials from the International Monetary Fund (IMF) is to arrive in Sri Lanka next week to review the country's economic conditions before disbursing the final tranche of the US$ 2.6 billion Stand By Agreement (SBA), government officials said.
Reuters: The Central Bank said on Thursday it still believed the battered rupee would stabilise at levels stronger than 125 to the dollar, despite comments from a senior bank official. Chief Economist Swarna Gunaratna told Reuters on Wednesday that the Central Bank expected the currency to stabilise at current levels, which are now around 132. ...
On completion of the International Monetary Fund (IMF) Standby Arrangement (SBA) of US$2.6 billion n..
The government is to commence negotiations for a US$ 500 million security arrangement with the International Monetary Fund (IMF) after completing the US$ 2.6 billion stand by agreement (SBA).
Reuters: Central Bank expects the rupee to stabilise at current levels of around 132 to the dollar without intervention, a senior official said on Wednesday, abandoning its earlier stance where it had expected the currency to settle at a higher level. The rupee was trading around 132 per dollar on Wednesday. Both the Central Bank ...
On completion of the International Monetary Fund (IMF) Standby Arrangement (SBA) of US$2.6 billion next month, Sri Lanka will start negotiations with the IMF for another US$500 million Security Arrangement...
Reuters: Brent crude edged above $107 per barrel on Monday as polls showing support for a pro-bailout government in Greece calmed fears of a euro zone exit hitting demand while the lack of progress in talks over Iran’s nuclear programme spurred supply worries. A weaker dollar also helped Brent mark a third straight session of ...
Addressing a youth employment forum, the head of the United Nations labour agency early this week warned of a “growing disconnect between people and policy, people and government.” “Many people are saying ‘you are not taking my situation into account’ – this is particularly true in the case of youth and young people, whose feeling ...
Showing a common mindset, the International Monetary Fund (IMF) yesterday commended the Central Bank for its commitment to flexible policies that resulted in a depreciating rupee and reducing the current account deficit. IMF Country Representative Dr. Koshy Mathai delivering a presentation titled
Calls for more transparency and says lack of progress main reason for reduced interest Inconsistent policies and lack of transparency is preventing foreign companies from investing in Sri Lanka, US Ambassador Patricia Butenis told a conference yesterday, calling for the Government to reduce red tape and improve good governance. US Ambassador Patricia Butenis addresses ...
What is corporate governance? According to the World Bank Corporate governance is “the system by which companies are directed and controlled”. It involves the balance of powers among three key corporate constituencies: the board of directors, which is charged with monitoring, overseeing, and guiding the company; the shareholders, who invest their funds in the company’s ...
Reuters: Sri Lanka’s central bank expects the steps it has taken to reverse a currency decline to drive the rupee past 125 to the US dollar, but it is not targeting a particular level, Central Bank Governor Ajith Nivard Cabraal said on Tuesday. The rupee is hovering around 129-130 despite a warning from the authorities ...
Reuters: The World Bank cut its economic growth forecast for China this year to 8.2 per cent on Wednesday and urged the country to rely on easier fiscal policy that boosts consumption rather than state investment to lift activity. In a biannual East Asia and Pacific economic update, the World Bank said a slowing China ...
Reuters: Iran’s economy minister said oil prices will “certainly” rise if the European Union moves ahead with an embargo in July and that sanctions will backfire on those who impose them. The European Union is preparing for a total embargo on the purchase of Iranian crude oil in July. The United States has also imposed ...
Reuters: A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. A Greek departure would take Europe into uncharted legal waters. The size of the burden other ...
Reuters: Beyond movie star looks and sunglasses, the woman who takes over as France’s first lady next Tuesday is fast making her mark as a feisty character who some media outlets are already dubbing the Iron Lady. Valerie Trierweiler, a Paris Match reporter, limited herself for the past year to accompanying Francois Hollande on campaign ...
Restoring solid, sustained and balanced growth is the central economic challenge facing the world today, said Christine Lagarde, Managing Director of the International Monetary Fund (IMF), emphasising the importance of well paced, country-specific credible fiscal adjustment combined with reforms