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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
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.