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[…]The post Belated Damage Control Exercises Of Wickremesinghe & Sabry, Nothing But Exercises In Futility appeared first on Colombo Telegraph.
Sri Lanka noted the critical support given by US President Joe Biden at a time the country is facing a crisis. President Ranil Wickremesinghe said that without Biden’s help Sri Lanka will not be having a successful Maha Season, the President’s Media Division said. Wickremesinghe also said that measures have been taken to strengthen the 74-year-old […]
Rupee average rose to as much as 1676.93 rupees a kilo in the first week of October.
Sri Lanka’s precariously low foreign reserves suffered another blow this week after Bangladesh’s Central Bank, Bangladesh Bank, directed all banks in that country to only resort to cash deals and no credit with Sri Lankan banks under an international payment settlement gateway.The post Sri Lanka’s forex reserves further hit by Bangladeshi move appeared first on Sri Lanka News - Latest Breaki...
Sri Lanka has not approved cryptocurrencies yet
[…]The post If Prabhakaran Had Been In Sri Lanka Now….? A Counter-Response To Ranil’s Terrorism appeared first on Colombo Telegraph.
Top losers were Lanka IOC, Browns Investment and Sampath Bank
The Bangladesh Bank, the central bank of Bangladesh, has instructed banks in the country to refrain from transactions with Sri Lanka through the ACU system, foreign media reported.The post Bangladeshi banks asked to stop ACU transactions with Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Bangladesh Bank, the central bank of Bangladesh, has instructed banks in the country to refrain from transactions with Sri Lanka through the ACU system, foreign media reported.
The Asian Infrastructure Investment Bank (AIIB), in its annual financial report, has outlined a fund of USD 100 million for crisis-hit Sri Lanka.The post AIIB outlines USD 100 million fund for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The Asian Infrastructure Investment Bank (AIIB), in its annual financial report, has outlined a fund of USD 100 million for crisis-hit Sri Lanka.
[…]The post UK’s Bumpy Fall, Change Of Guard & Lessons Beyond! appeared first on Colombo Telegraph.
The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.The post Currency depreciations risk intensifying global food, energy crisis – World Bank appeared first on Sri Lanka News - Latest Break...
Quality of public buses is low - except on expressways - due to regulated pricing and a rigid licensing system.
Thursday 27th October, 2022 The biggest problem ordinary Sri Lankans are grappling with, amidst the national feeling of doom and gloom, is keeping the wolf from the door. Besides, the state coffers are empty and foreign currency reserves extremely low. The country continues to be mired in debt with no prospect of recovery in the […]
* Sources fresh fruits and vegetables from a network of over 5,000 farmers * Contributes over 14% of the national milk production * Expanding network generates thousands of livelihood opportunities by Sanath Nanayakkare The home-grown Sri Lankan brand, Cargills Food City, marked another milestone yesterday with the opening of its 500th retail outlet in Akuregoda, […]
The Colombo Magistrate’s Court today granted bail to former Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal but extended an overseas travel ban on him until 24 November. The ban was imposed over a case filed by former Southern Province Governor Rajitha Keerthi Tennakoon. The former Central Bank Governor was accused of […]
Only 69bn rupees out of 80 billion sold
"Do not increase taxes for IT, or for tourism," said Premadasa.
The Colombo Magistrate s Court has ordered the overseas travel ban imposed on the former Governor of the Central Bank of Sri Lanka (CBSL), Ajith Nivard Cabraal to be extended until November 24.
Under a gazette notice issued, up to 25,000 metric tonnes of broken rice would allowed to be imported.
It is easy to criticise measures taken by authorities and those in power without providing any alternatives, Governor of the Central Bank of Sri Lanka (CBSL) Nandalal Weerasinghe said.The post Sri Lanka’s Central Bank Governor asks critics to provide alternatives appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The founder of the Pohottuwa party, Basil Rajapaksa, has suffered a severe setback. All political parties, represented in Parliament, sunk their differences to bring back constitutional impediment that prevents Basil Rajapaksa’s return to Parliament. The UNP’s only MP, Wajira Abeywardena, and the vast majority of the145-member SLPP parliamentary group, voted for 21st Amendment that would […]
During the talks held on restructuring Sri Lanka s debt, the creditors have expressed willingness to support the island nation, the Governor of Central Bank of Sri Lanka (CBSL) says.
The findings of a survey conducted by the Central Bank of Sri Lanka (CBSL) have revealed that 57.9 percent of adults are financially literate in Sri Lanka.
ASPI lowest close since Aug 09
In the nine months to September, exports were up 11.83 percent to 10 billion US dollars.
The Museum of Modern and Contemporary Art Sri Lanka (MMCA Sri Lanka) works with many lenders and private collectors to curate its exhibitions, with the objective of helping the public to learn more about modern and contemporary Sri Lankan art. In 2021, the museum was given access to the George Keyt Foundation Collection (GKF) which […]
Top losers were Ceylon Tobacco Company, LOLC and Sampath Bank
Extending maturity of domestic debt by 10 years would reduce debt to GDP ratio faster