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[…]The post To Be Or Not To Be (A US Military Base) appeared first on Colombo Telegraph.
Several credit card issuers have lifted the limits that hitherto had on overseas use, as they saw their foreign currency conditions improving substantially in the recent times, providing them a lot more room to allow their cardholders with higher spending thresholds when they travel overseas.The post Banks lift overseas spending limits imposed on credit cards as dollar liquidity improves appeared ...
Several trade unions, including doctors, port workers and state bankers had engaged in their trade union actions against the government's move to impose a huge PAYE tax, increase electricity bills, and increase bank interest rates.The post Trade Unions warn of Countrywide Strikes on March 15 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
By Rathindra Kuruwita Sri Lanka was now transitioning to a new economic model, breaking away from the previous unsustainable model, Governor of the Central Bank Dr. Nandalal Weerasinghe said Sunday. Addressing the National Law Conference 2023 under the theme ‘NAVIGATING THROUGH CRISIS –THE LAW’S ROLE’, Dr. Weerasinghe said that interest rates were coming down and […]
Tuesday 14th March, 2023 Progress eludes countries where populist politics has taken precedence over economics, Sri Lanka being a glaring example. Politicians, unlike statespersons, do not care much about the long-term interests of a country, and never hesitate to subjugate macroeconomic fundamentals to political expediency. But for some ill-conceived economic decisions the incumbent dispensation ...
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