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India today reiterated that it will continue to stand with the people of Sri Lanka as they seek to realize their aspirations for prosperity and progress through democratic means and values as well as established institutions and a constitutional framework. The Indian High Commission in Colombo quoted the Spokesperson of the Ministry of External Affairs […]
The governor of Sri Lanka s central bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon.
A guidance peg announced CBSL for interbank transactions strengthened by 66 cents to 361.24
[…]The post The Destiny Of China’s Colony Of Sri Lanka appeared first on Colombo Telegraph.
By Hiran H.Senewiratne CSE trading activities were of a negative nature from last morning due to the current political instability. Besides, the taking of short to medium term loans through Treasury Bills resulted in stock market investors switching to government securities, market analysts said. Last Tuesday the Treasury Bill rate increased significantly. It is said […]
The government could pay the salaries of state employees for the month of July, a senior finance ministry official said yesterday.He said that state employees did not have to worry about their salaries for July.The government was trying to pay state employees without asking the Central Bank to print money, he said. “There are people […]
Lawyers appearing for former Prime Minister Mahinda Rajapaksa, former Finance Minister Basil Rajapaksa and former Finance Secretary S.R. Attygalle yesterday told the Supreme Court that they would not leave the country until the Fundamental Rights petition filed against them was heard on Friday.Former Central Bank Governor Ajith Nivard Cabraal has also said he will be […]
The Central Bank of Sri Lanka (CBSL) yesterday urged people to be vigilant when using virtual currencies.CBSL has not given any licence or authorisation to any entity or company to operate schemes involving VCs, including cryptocurrencies, and has not authorized any Initial Coin Offerings (ICO), mining operations or Virtual Currency Exchanges. Issuing a press release […]
Sri Lanka's political uncertainty is on he rise since the economic crisis hit most people.
The Reserve Bank of India (RBI) on Monday decided to put in place an additional arrangement for invoicing, payment, and settlement of exports/ imports in Indian Rupee (INR) in the backdrop of the domestic currency sinking to a fresh closing low of 79.4375 per Dollar (USD) due to FPI equity outflows and a strong USD. […]
In a move to counter China’s Belt and Road Initiative, US President Joe Biden along with other G7 leaders unveiled (June 26) an ambitious plan; “the Partnership for Global Infrastructure and Investment (PGII)”. The PGIIP plans to mobilize $600 billion funding by 2027 to deliver “transparent” and “game-changing” infrastructure projects in developing countries. It aims […]
By R. R. M. Lilani Even Lord Venkateshwara at the Tripathi Temple in Tamil Nadu, whom the Rajapaksas and Prime Minister Ranil Wickremesinghe visit for years in search of strength, power and protection, had let them down dearly. The Rajapaksas were grounded by President Gotabaya, a non-politician who only took pride in winning the Tamil […]
Rajapaksa finally resigns after over 3 month protest
[…]The post Sequenced To A Premadasa Presidency appeared first on Colombo Telegraph.
Former Prime Minister Mahinda Rajapaksa, former Finance Minister Basil Rajapaksa and former Finance Secretary S.R. Attygalle have given an undertaking to the Supreme Court to remain in Sri Lanka till tomorrow (15th July). A motion had been filed in the Supreme Court seeking an overseas travel ban on former Prime Minister Mahinda Rajapaksa, former Finance […]
Considering the recent developments in relation to virtual currency usage in the international and domestic markets as well as the inquiries related to virtual currency, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the following.
Key politicians make rhetoric charged statements while calling for calm
President Rajapaksa fled to the Maldives in a military aircraft in the early hours of Wednesday.
ECONOMYNEXT – Sri Lanka activists have sought a travel ban on ex-Sri Lanka Prime Minister Mahinda Rajapaksa, Basil Rajapaksa, Central Bank Governors W D Lakshman and Cabraal and Treasury Secretary Sajith Attygalle.Chandra Jayaratne a former Chairman of Sri Lanka’s Chamber of Commerce, along with Transparency International and some citizens had earlier petitioned the Supreme Court sayin...
An efficient mechanism is required to guarantee that disclosures made at parliamentary watchdog committees on the basis of Auditor General’s reports are used to further investigate and prosecute wrongdoers. AG’s reports and observations made by watchdog committees underscore the failure on the part of the Parliament to take effective and punitive measures to curb waste, […]
[…]The post Dammika Perera Antics – Only Oligarch In Sri Lanka! appeared first on Colombo Telegraph.
Yield in 91-day treasury bills jumps over 400 bps to 32.11 percent.
COLOMBO (News 1st); The Central Bank of Sri Lanka has warned the public with regard to risks associated with regard to virtual currencies, and possible exposure of consumers to significant financial, operational, legal and security related risks. Issuing a statement, CBSL states that in view of the recent developments in relation to virtual currency usage […]CBSL warns public with regard to ...
COLOMBO (News 1st); Fugitive Former Governor of the Central Bank of Sri Lanka Arjuna Mahendran has told CNN Philippines that the Sri Lankan Government is finding it difficult to persuade lenders. “Because of the accumulation of previous debt, the Government is finding it difficult to persuade lenders, even neighboring India to put in fresh money,” […]Fugitive Mahendran speaks abo...
COLOMBO (News 1st); A motion was filed with the Supreme Court of Sri Lanka on Tuesday (12) seeking an order prohibiting Former Finance Ministers Mahinda Rajapaksa & Basil Rajapaksa, and Former Central Bank Governors Ajith Nivard Cabraal & Professor W. D. Lakshman, from traveling overseas. This motion has been submitted in relation to a fundamental […]Motion against MR, BR & Co, ...
Investors see the resignation of key leaders as positive amid return on fixed assets on the rise.