@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
283 results found in 984 ms
Page 9 of 10
Thousands of paddy farmers are struggling to recover after Rajapaksa banned agro chemicals.
Sri Lanka is desperate for foreign currency earnings through tourism
The 5th monetary policy for 2022 is scheduled for Thursday and market is waiting for some cues.
Fuel shortage has led the country almost to a stand still.
Thousands of Sri Lankan farmers protested against the government demanding chemical fertilizer
Sri Lanka foreign remittances have plummeted more than 50% in the first 5 months of this year.
Commercial banks offered dollars for telegraphic transfers at rates between 366.79 and 370.00 for small transactions
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
Food prices in Sri Lanka rose 80.1 percent in the 12 months from June 2021 to June 2022.
Expects to bring debt to 95-pct of GDP by 2032
ECONOMYNEXT – Sri Lanka is expecting a staff level agreement with the International Monetary Fund by August 2022, after a financial advisors work out a debt restructuring plan Prime Minister Ranil Wickremesinghe said.“We have to give them a debt restructuring plan,” Wickremesinghe told parliament.“Financial and legal advisors Lazard and Clifford Chance are preparing the rep...
China displaced to third place
Economic activities have significantly slowed down due to fuel shortage.
Bond market was active in thin trade
One trillion rupee hole in the CPC balance sheet
ECONOMYNEXT – Sri Lanka’s tax revenues grew 27 percent from a year ago to 543.6 billion rupees up to April 2022 partly helped by one-off retrospective tax, official data showed while inflation also started to gallop which tends to boost nominal turnover based taxes.By April Sri Lanka’s 12-month inflation had hit 29.8 percent but many traded goods had risen higher.The first instal...
[…]The post In Sri Lanka Politics Is Imaginary But Corruption Is Real appeared first on Colombo Telegraph.
Investors expect a policy rate hike on July 07
Sampath Bank PLC announced the appointment of veteran international banker and risk management consultant Hiran Cabraal as Non-Executive, Independent Director to its Board of Directors, with effect from 30th June 2022. With a rich and diverse experience and a proven 34-year international track record in leadership roles, Hiran Anthony Cabraal brings with him a wealth […]
As protein prices soared with money printing and currency collapse, Koreans developed army base stew from leftovers
Fuel will be issued on a daily or weekly basis from the 12th
[…]The post Child’s Guide To True Cost Of Activities: Concept Of Opportunity Cost appeared first on Colombo Telegraph.
Exports to Russia and Turkey too have dropped steeply
Empty streets reduce emissions, lack of chemical fertilizer promotes organic food
From July 12, companies that have the ability to pay for fuel in dollar can open consumer ACC at CPC
On June 22 sale, low grown averaged 4.05 dollars a kilogram up from 2.92 dollars a year earlier
[…]The post Is Catastrophic Collapse Imminent? appeared first on Colombo Telegraph.
United States Senate Foreign Relations Committee says the International Monetary Fund s agreement with Sri Lanka must be contingent on Central Bank independence, strong anti-corruption measures and promotion of the rule of law.