Thursday 11th May, 2023 Government politicians must have heaved a huge sigh of relief when the first anniversary of barbaric attacks on the Aragalaya activists at Galle Face and the equally violent backlash, which led to the collapse of the Gotabaya Rajapaksa government, passed without incident, on Tuesday. They however should not dupe themselves into […]

Sri Lanka s central bank chief has assured that the stability of the country s banking system will be safeguarded and the protection of the public deposits, regardless of any kind of domestic debt optimization to be conducted.

MPs ask for new Bill containing amendments suggested by AG By Shamindra Ferdinando Prime Minister Dinesh Gunawardena yesterday (09) assured Parliament that the vote on the Central Bank of Sri Lanka Bill would not be held tomorrow (11). PM Gunawardena gave this assurance in response to a petition from a section of MPs representing the […]

The prevailing economic crisis dealt a huge blow to the country’s fisheries sector resulting in setbacks and decline of production thereby raising the retail prices of fish during last year, says the Central bank in its latest annual report. The seventy third Annual Report of the Monetary Board of the Central Bank of Sri Lanka […]

The second reading of the Central Bank of Sri Lanka (CBSL) Bill will not be debated in the parliament this week, Prime Minister Dinesh Gunawardena told the parliament this morning.

The Cabinet of Ministers has green-lighted the approval to hold discussions with the World Bank for a loan of USD 200 million for social security programmes in Sri Lanka.

By Shamindra Ferdinando The Opposition yesterday (08) lambasted Speaker Mahinda Yapa Abeywardena for what it called a move to disrupt the Committee on Public Finance (CoPF) ahead of the vote on a Bill titled ‘Central Bank of Sri Lanka.’ Top spokespersons for the Nidahas Janatha Sabhawa (NJS) Prof. G.L. Peiris, MP, and the main Opposition Samagi […]

Opposition to resist ‘anti-people’ policies of govt. By Rathindra Kuruwita Opposition parties have agreed to close ranks to resist the anti-people policies of the government, Freedom People’s Congress member, MP Nalaka Godahewa says. Godahewa told the media yesterday, in Colombo, that there were many serious problems regarding the anti-terrorism Bill, the IMF agreement, and the proposed Central [&...

by Norman Palihawadane Six including a health worker attached to the Polonnaruwa Hospital had been arrested for stealing and selling oxygen cylinders from the supply department of the hospital, police said on Saturday. The Polonnaruwa police arrested six persons including an assistant of the oxygen supply department of the Polonnaruwa General Hospital along with a […]

Around 40 percent of Sri Lankans have resorted to livelihood-based coping strategies by reducing their spending on education and health owing to the current economic crisis, says the Central Bank of Sri Lanka, in its latest annual report. The 73rd Annual Report of the Monetary Board of the Central Bank of Sri Lanka released recently […]

By Shamindra Ferdinando SLPP MP Gevindu Cumaratunga, now functioning as an independent, yesterday (07), said that it would be the responsibility of Parliament to ensure that amendments, recommended by the judiciary to a Bill titled ‘Central Bank of Sri Lanka,’ were duly incorporated. The National List MP said that the assurance given by Additional Solicitor […]

SJB and Opposition Leader Sajith Premadasa Wednesday told a Colombo meeting attended by several opposition parties and groups sharing common ground on forthcoming legislation that the proposed Anti-Terrorist law now moved to the back burner by the government endangered Sri Lanka’s entire 22 million population of being labeled terrorists. The meeting at the Mandarin Hotel […]

Beijing [China], April 28 (ANI): China has not yet completely escaped the recession brought about by its zero-Covid policy. To prevent the economy from stalling again, President Xi Jinping must steadily implement policies that do not rattle consumers and businesses, Asia Nikkei reported. China’s gross domestic product for the January-March period of 2023 grew 4.5 […]

Saturday 6th May, 2023 One of the main reasons for Sri Lanka’s current economic crisis is that successive governments have invested borrowed money in white elephant projects and enabled their leaders to pocket kickbacks at the expense of the state coffers. The situation took a turn for the worse, on President Mahinda Rajapaksa’s watch, with […]

A mission from the Asian Development Bank (ADB) met with Minister of Power and Energy Kanchana Wijesekera yesterday (04 May), to discuss assistance for State Owned Enterprises (SOE) and Public-Private Partnerships (PPP).

More bitter medicine to come By Rathindra Kuruwita The government would announce Sri Lanka’s debt restructuring strategy within this month, State Minister of Finance Ranjith Siyambalapitya told the media on yesterday (04.)Siyambalapitya said that the government would reduce taxes and bring down the debt to GDP ratio in the next five years, as the economy […]

The second reading of the Central Bank (Amendment) Bill would be held on 11 May, Secretary-General of Parliament, Dhammika Dasanayake announced yesterday.He said that the parliament would meet between 09 and 11 May. MPs will also debate the X-Press Pearl disaster on 10 may between 9.30 am and 6 pm, Dasanayake said.The decisions were taken […]