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[…]The post Growth in Sri Lankan Yacht Charter Industry Looks Promising for the Future appeared first on Colombo Telegraph.
Market expects stocks to fall due to rate hike.
Sri Lanka Police used tear gas and water cannons to disperse the protest march staged by the students of the Inter University Students Federation (IUSF) at the entrance to Bank of Ceylon Mawatha,...Click on the headline to read the full story
Protesters, however, vowed to agitate as planned and oust Gotabaya Rajapaksa
Protesters have vowed to agitate near Presidential residence until Rajapaksa resigns
No country wants to help Sri Lanka despite a deep economic crisis; past records weigh
[…]The post Jeered & Sent Home: Ominous Sign Of An Impending Peril appeared first on Colombo Telegraph.
The debt said there were subscriptions for 20.2 billion rupees.
All Share Price Index gained 0.78 per cent or 55.10 points to 7,112.96
Monetary instability losses come from both past loans and higher import prices
Rupee has already fallen nearly 80% since March 7.
Rate hike, fuel shortage, and looming political crisis weighed on investor sentiment
The Central Bank is confident of Sri Lanka reaching a deal with the International Monetary Fund (IMF). Central Bank Governor Nandalal Weerasinghe told reporters today that talks with the IMF are continuing virtually. He said that most of the expectations of the IMF are being met and he was confident that a staff level agreement […]
Sri Lanka’s headline inflation is expected to rise to 70 percent in the coming months from the current level of 50%, the Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe says.The...Click on the headline to read the full story
Sri Lanka s headline inflation is expected to rise to 70 per cent in the coming months from the current level of 50%, the Governor of Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe says.
CEB price hike delay is delaying economic corrections
The Central Bank of Sri Lanka has decided to increase its Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 14.50 per cent and 15.50 per cent, respectively.
The Central Bank of Sri Lanka (CBSL) raised its key rates by a full percentage point on Thursday to tackle record high domestic inflation and to contain any build-up of adverse inflation...Click on the headline to read the full story
Urges budget deficit and SOE losses to be contained to stop printing money
Under the exalted theme, ‘First Class Excellence,’ Sri Lanka’s leading Bancassurance provider Union Assurance honoured its top achievers at the Bancassurance Annual Awards 2021. The event, which was held on 21st May, 2022, celebrated the Company’s spectacular growth in the field. It was graced by the President of John Keells Group/ Non-executive Director of Union […]
Some analysts said the market was expecting a 300 basis point rate hike on Thursday
ECONOMYNEXT – Sri Lanka’s 3-month Treasury bills closed at 29.00/30 percent after an auction while a guidance peg was hardly changed Wednesday, dealers said.There are growing fears in the market that dollars bond holders will force a second hair cut on rupee Treasuries, who are have suffered a close to 50 percent hair cut on depreciation already and are paying higher inflated taxes to...
"Because we have a threat of risk to the banks as well."
The loan to build Mattala Airport was taken from China
PM says monetary financing will be ended only in early 2024
Says economy could contract 7-pct in 2022