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Up to February US$85mn flows into stocks
Tourism receipts estimated at US$174mn up from US$9mn last year
Ranil, three nominees from SLFP/independents, Sarath Fonseka possible candidates if Sajith Premadasa declines
ECONOMYNEXT – Sri Lanka’s commercial banks quoted the rupee at between 375-380 to the dollar for telegraphic transactions on Thursday (11) while bond maturities were inactive ahead the 35 billion bond auction today, participants said. The central bank’s indicative spot was quoted at 360.00 against the US dollar on Thursday, up from 364.76 against the US dollar on Wednesday. At the time of filing, ...
If there is not enough money the central bank has to monetize it
Delay in forming a new government could hit sentiment, analysts say
Power cut duration has gradually increased to 5 hours after the curfew lifted partially
Wickremesinghe made PM for the 6th time
ECONOMYNEXT – Power cuts up to 5 hours have been approved for Sri Lanka for May 12, Public Utilities Commission Chairman Janaka Ratnayake said as money printing by the central bank triggered forex shortages, disrupting fuel imports. All areas (ABCDEFGHIJKLPQRSTUVW) will have power cuts of 3 hours and 20 minutes from 08.00 am to 03.10 pm and 1 hour and 40 minutes from 06.00 pm and 09.50 pm. Between...
Sri Lanka has been facing a severe economic crisis since the beginning of 2021 and was trying to cushion the effect of the financial instability by seeking help from almost all friendly countries. Sri Lanka sought the intervention of the good offices of the political hierarchy of Bangladesh and Pakistan, apart from India, for much-needed […]
SJB parliamentarian Dr. Harsha de Silva today urged the Governor of the Central Bank of Sri Lanka to remain patient as his party is working around the clock to resolve the political crisis in the country.
[…] The post Galle Face Struggle – A Short Resume Of Recent Events! appeared first on Colombo Telegraph.
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that the economic situation in the country will become worse if political stability is not established soon. The... Click on the headline to read the full story
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that the economic situation in the country will become worse if political stability is not established soon.
[…] The post You May Run But No Place To Hide appeared first on Colombo Telegraph.
The International Monetary Fund (IMF) says technical level discussions with Sri Lanka have commenced and will continue in order to prepare for policy discussions once a new Government has been formed. The IMF said that it remains committed to assist Sri Lanka in line with the IMF’s policies. “On our virtual mission during May 9-23, […]
[…] The post Interim Or Military Government; Time To Free Us From Despotism appeared first on Colombo Telegraph.
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The Asian Infrastructure Investment Bank (AIIB) has stated that it is considering the granting of USD 100 million to Sri Lanka in principle, the Ministry of Finance says. The post AIIB considering a... Click on the headline to read the full story
The Asian Infrastructure Investment Bank (AIIB) has stated that it is considering the granting of USD 100 million to Sri Lanka in principle, the Ministry of Finance says.
[…] The post An Economic Programme For The Colour-Revolution appeared first on Colombo Telegraph.
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Sri Lanka maintains Official Reserve Assets at USD 1,827 million as at the end of April 2022.
[…] The post Delayed IMF Assistance & The Fertilizer Ban: President Rajapaksa’s “Two Mistakes” That Pauperized Sri Lanka appeared first on Colombo Telegraph.
[…] The post Ways To Recover From The Fiscal Crisis appeared first on Colombo Telegraph.