by Norman Palihawadane Colombo Archbishop Malcolm Cardinal Ranjith said that there was no point Sri Lanka getting loans from World Bank or the International Monetary Fund if the people who handle those funds continue to be the fraudsters. Then the plight of the country and its people’s will remain the same. Delivering his homily at […]

Colombo Archbishop Malcolm Cardinal Ranjith has said there is no point in Sri Lanka getting loans from the World Bank or the International Monetary Fund if the people who handle those monies continue to be the same fraudsters. Delivering his homily at the 125th Jubilee Mass, offered in the church, dedicated to St, Joseph at […]

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 […]

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 […]

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 […]

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 […]

Sri Lanka s official reserve assets in April 2023 stood at USD 2,755 million, the Central Bank of Sri Lanka (CBSL) says.

The Parliamentary Business Committee has fixed dates for the adjournment debate on MV X-Press Pearl and the debate on the second reading of the Central Bank of Sri Lanka (CBSL) Bill.

By Shamindra Ferdinando Jathika Nidahas Sabhawa Spokesperson Prof. G. L. Peiris, MP, Tuesday (02) questioned the conduct of the Attorney General Sanjay Rajaratnam, PC, pertaining to obtaining compensation for the worst ever marine disaster, caused in Sri Lankan waters, following the sinking of container carrier X-Press Pearl, in the first week of June 2021. Rajaratnam […]