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The Central Bank of Sri Lanka expects the recently introduced middle spot exchange rate to strengthen the rupee exchange rate and to ease the liquidity pressures in the domestic foreign exchange...Click on the headline to read the full story
We have to keep in mind that printing money will depreciate the rupee
NTB group reported earnings of 5.23 rupees per share for the quarter.
Sri Lanka is desperate for dollar inflows
Prime Minister Ranil Wickremesinghe today painted a gloomy picture for Sri Lanka saying the country will face an even more difficult time period in the short term. In an address to the nation today, the Prime Minister said that there are petrol stocks only for a single day, there is a possibility that the daily power […]
New Prime Minister reveals the grim reality of the economy
Sri Lanka’s Hatton National Bank said profits grew 4 percent to 4.9 billion rupees in the March 2022 quarter
Profits at Sri Lanka’s Sampath Bank Plc fell 4.9 percent to 4.9 billion rupees in the March 2022 quarter
Banks are badly affected by a 700 basis points rate hike and a rupee devaluation.
[…]The post A Prescription For Prime Minister Ranil Wickremesinghe appeared first on Colombo Telegraph.
[…]The post Masks Of Democracy & Energy Geopolitics: Is Full Spectrum Dominance The Endgame? appeared first on Colombo Telegraph.
Sri Lanka is sliding into a default as the grace period on two unpaid foreign bonds ends on Wednesday, the latest blow to a country rattled by economic pain and social unrest. Prime Minister Ranil Wickremesinghe, who was appointed last week following violent unrest, will provide a “full explanation” of Sri Lanka’s financial crisis on […]
Stability of foreign exchange rates was in their eyes a mischief, not a blessing
Net other operating income was loss of 12.2 billion rupees, loan loss provisions were down
It will then be presented to the cabinet of ministers for approval, the PM’s office said in a statement.
From January 2020 to March 2022, reserve money has grown 49pct, broad money 52-pct and the food price index 51-pct
When the country is in dire straits, all the people's representatives must work together immediately for a solution
[…]The post Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? appeared first on Colombo Telegraph.
In the next few weeks we will face the most difficult time
"I also wish to inform you that we will extend our support as a responsible opposition to correct decisions."
[…]The post Will Ranil Rescue The Economy Or Rajapaksas? appeared first on Colombo Telegraph.
[…]The post The Story Of The Occasional Cinemagoer: Part II appeared first on Colombo Telegraph.
"Every day that passes, the future of this country is put at greater risk."
Prime Lending Rates top 19 percent in May after rate corrections
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
The Central Bank of Sri Lanka launched the Sri Lanka Green Finance Taxonomy at the John Exter International Conference Hall of the Central Bank on 06 May 2022.
The CEB has not operated any thermal power plant in the last two days because there was no fuel - PUCSL chief
Island under emergency after inflation hit 30-pct and the currency collapses to 380 to dollar from 200
Banks could quote 2.60 rupees plus or minus under the new direction
Export financing institution India Exim Bank is looking at restructuring its $ 1.3 billion exposure to crisis-ridden Sri Lanka.The post Exim Bank may recast $1.3 billion Sri Lanka Loans appeared...Click on the headline to read the full story