@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
2501 results found in 2141 ms
Page 4 of 84
Sri Lanka said that India will be one of the closest countries to enhance investments in Sri Lanka given its proximity to the Island nation and that it wants to have a very conducive environment for investors to come and invest. In an interaction with PTI, Sri Lankan Finance Minister Shehan Semasinghe also sounded optimistic […]
Yahapalana Speaker Karu Jayasuriya’s plea for Indian funding to develop Elapathagama in the memory of the late Maduluwawe Sobitha Thera remains a mystery. In terms of an agreement signed on 14 July, 2017, India provided Sri Lankan Rs 300 mn to develop Elapathagama in the Anuradhapura district. The late Sobitha Thera, a controversial character, spearheaded […]
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday.The post Sri Lanka central bank chief: monetary policy transmission still incomplete appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Pan Asia Banking Corporation PLC reflected a steady performance amidst a multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance for 2023 1H, which showed judicious portfolio management and prudence exercised in dealing with possible fallout on its asset quality from under high interest rate regime. For the six-month […]
In a meeting between Governor of the Central Bank of Iran (CBI) Mohammad-Reza Farzin and Minister of Foreign Affairs of Sri Lanka Ali Sabry in Tehran, the two sides stressed the need for the development of monetary and banking relations between the two countries as a prerequisite for the expansion of bilateral economic ties.
By N Sathiya Moorthy If someone thought that President Ranil Wickremesinghe was funny about it, he was not. If anything, it sounded more Quixotic than possibly predecessor Gotabaya Rajapaksa’s misadventure with ‘organic farming’. According to reports, at an official meeting the other day, Wickremesinghe asked Health Ministry officials to devise a strategy to seek compensation […]
Iran has voiced readiness to share its scientific and technological knowledge and expertise with “friendly” countries, including the South Asian island nation of Sri Lanka. Iranian President Ebrahim Raisi made these remarks on Sunday in a meeting with Sri Lanka’s Foreign Minister Ali Sabry in Tehran. According to a communique issued by his office, Iran’s […]
Iran has voiced readiness to share its scientific and technological knowledge and expertise with “friendly” countries, including the South Asian island nation of Sri Lanka.The post Iran ready to share scientific knowledge with Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Target 2048 – Private Sector Should Not Just Sit Aloof appeared first on Colombo Telegraph.
By Eng. Thushara Dissanayake Water is often undervalued and insufficient attention is paid to its pollution. The water quality degradation is a blooming environmental issue in Sri Lanka. According to World Bank findings, the invisible crisis of water quality degradation is reducing potential economic growth in heavily polluted areas of the world by one-third. It […]
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
[…]The post To Be Realistic, There Are Only Two Options appeared first on Colombo Telegraph.
Joining China’s Belt and Road Initiative (BRI) project four years ago was a “hasty and disastrous” decision. This statement is from the Minister of Defense of Italy. An interview with Italian Defense Minister Guido Crosetto was published on Sunday, in which he said China’s involvement in the project was a “disastrous decision.” He also explained […]
By Rathindra Kuruwita It is unlikely that the rupee will significantly depreciate following the recommencement of bilateral and commercial debt servicing, says Director of the Central Bank Economic Research Department, Dr. P. K. G. Harischandra. Dr. Harischandra said so when he was asked by journalists yesterday whether the rupee would depreciate significantly when the country […]
President Ranil Wickremesinghe’s aim is to revive the construction industry in Sri Lanka and contribute widely to the national economy, President’s Senior Adviser Sagala Ratnayaka said.The post Sri Lanka Government pays special attention to revive the construction sector appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Central Bank of Sri Lanka yesterday said that the authorisation of the Indian rupee as a designated currency did not make it a ‘legal tender’ in Sri Lanka for domestic payments/settlements. Issuing a clarification, titled Misinformation Relating to Indian Rupee (INR), the CBSL has said: “Any transaction executed between or among residents in Sri […]
The Indian Rupee is not a legal tender in Sri Lanka for domestic payments or settlements, the Central Bank of Sri Lanka (CBSL) said today. Issuing a statement, CBSL said that from time to time it authorises selected foreign currencies as designated foreign currencies with a view to facilitating international trade and cross-border banking transactions. […]
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (August 02), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on August 02, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The first six months of the year marked improvements to Sri Lanka’s macro-economic landscape with inflation continuing to decrease and the IMF bailout followed by the Domestic Debt Optimization (DDO) announcement. During the 1H2023, the Bank recorded significant improvement in the core banking performance and posted an overall income of LKR 11,729Mn, which is an […]
The RBI has taken a pivotal step by permitting 20 banks operating in India to open 92 Special Rupee Vostro Accounts (SRVAs) with partner banks from 22 countries. This allows exporters and importers from these nations to conduct trade transactions in domestic currencies, facilitating smoother and more efficient trade practices. The list of countries eligible for […]
Monday 31st July, 2023 French President Emmanuel Macron, who was here briefly, a few days ago, has reportedly pledged his country’s support for Sri Lanka’s debt restructuring process. Other creditor nations, too, have offered to help this country come out of the present economic crisis. Their assistance is to be greatly appreciated. President Ranil Wickremesinghe […]
[…]The post Target 2048 – Go For Creative Capital And Not For Mere Human Capital appeared first on Colombo Telegraph.
ECONOMYNEXT –Australian firms are interested in investing in Sri Lanka, particularly in resource sector, but a more conducive investment environment is needed, High Commissioner Paul Stevens said. Sri Lanka is looking to foreign direct investment as a factor in taking the country out of an economic crises triggered by excessive deployment of ‘macro-economic policy’ involving […]
French President Emmanuel Macron made a historic visit to Sri Lanka on Friday (July 28), following his trip to the South Pacific Region.The post French President Emmanuel Macron pledges strong support for debt restructuring in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
France has pledged its assistance in Sri Lanka’s debt restructuring process, the President’s Media Division (PMD) said. French President Emmanuel Macron made a historic visit to Sri Lanka yesterday (28), following his trip to the South Pacific Region. This visit marked the first time a French President had visited the country. During the visit, President […]
The Sri Lankan Rupee (LKR) has depreciated against the US dollar (USD) today (July 26), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee depreciates against U.S. Dollar on July 26, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
By Rathindra Kuruwita Annual elephant deaths have increased fourfold by this year, compared to 1969, according to official data, environmentalists say. Sajeewa Chamikara of the Movement for Land and Agricultural Reform (MONLAR) has said the number of elephants killed in the 19 years from 1951 to 1969 was 1,163. This works out to about 61 […]
Sri Lanka has hit back at Canadian Prime Minister Justin Trudeau over comments he had made on Sri Lanka on Balck July. The Ministry of Foreign Affairs said it unreservedly rejects the reference to a Tamil Genocide Remembrance Day in the statement issued on 23 July 2023 by the Canadian Prime Minister Justin Trudeau. “Canada’s […]
[…]The post Modi-Wickremesinghe Tamil Drama appeared first on Colombo Telegraph.
Sri Lankan Government has issued an order relaxing certain limitations on outward remittances for capital transactions and removing the restrictions on current transfers of emigrants.The post Sri Lanka relaxes certain limitations on outward remittances appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.