IMF has shown the way and now Sri Lanka has to dig itself out of the mess, says Governor by Sanath Nanayakkare Central Bank Governor Dr. Nandalal Weerasinghe recently said that Sri Lanka needs to build and keep a ‘comfortable level’ of currency reserves in order to maintain the country’s balance-of-payments situation in the event […]

Last week there were more stories making the rounds on contemplated decisions made outside the cabinet meeting than decisions made inside. Of course, the usual briefing on cabinet decisions were spelled out, Thursday afternoon. For a regime that still wants to boast it has popular support, comparing itself to an opposition fractured and quarrelling red and green, it is ...

By Paneetha Ameresekere - Business Editor The local press recently quoted an External Affairs Ministry statement which said that Japan was willing to enter into a free trade agreement (FTA) with Sri Lanka. This was in response to a request made by Economic Development Minister Basil Rajapaksa and External Affairs Minister Professor G.L. Peiris to ...