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Kabul [Afghanistan], April 14 (ANI): The takeover of Afghanistan by the Taliban caused not only political crisis in the country but also uncertainty in business and unemployment. The private sectors were “hit hard” as the businesses were halted and put to uncertainty, according to the latest survey conducted by the World Bank, reported The Khaama […]
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[…] The post Child’s Guide To Foreign Borrowings: Are They An Evil Or Not? appeared first on Colombo Telegraph.
By Indika Sri Aravinda There is a serious shortage of blood at the National Blood Bank because of the curfew in the Western Province, officials said today. Director of the National Blood Transfusion Service Dr. Lakshman Edirisinghe told the Colombo Gazette that the curfew in Colombo has prevented
The President has instructed officials to launch the construction of the northern expressway without delay by concluding the tender procedures before the end of this year. President Mahinda Rajapaksa issued these instructions at a progress review meeting on Kandy district held at the President’s House in Kandy. The President called on the officials not to ...
Sri Lanka’s weekly tea auction has seen small leaf teas fetching low prices and the highly priced tippy varieties going unsold, as Iran, the main buyer of those teas is struggling to access foreign exchange. “This could be attributed to Iran’s lack of access to foreign exchange and other sanction measures”, added John Keells tea brokers ...
Sri Lanka’s Central Bank today further devalued the rupee by moving it up by 30 cents to set a conversion rate of 114.20 per dollar from Rs. 113.90 levels set yesterday, to reflect the government’s 3% devaluation. However the bank once again went back to the original position of Rs. 113.90 per dollar by around 1 ...
The Central Bank has decided to maintain the policy interest rates unchanged despite the rise in inflation during the month of February. In the Monetary Policy Review released today, following the yesterday’s Monetary Board meeting, the Central Bank said the current Repurchase rate and the Reverse Repurchase rate would remain at 7.00 percent and 8.50 ...
Minister of National Languages and Social Integrity Mr. Vasudeva Nanayakkara has instructed the Department of Official Languages to fully implement the official languages policy of the country. The shortage of translators has adversely affected the implementation of the policy, and as a remedial
Minister of National Languages and Social Integrity Mr. Vasudeva Nanayakkara has instructed the Department of Official Languages to fully implement the official languages policy of the country. The shortage of translators has adversely affected the implementation of the policy, and as a remedial
The CID is carrying out operations to recover 800,000 metric tons of paddy alleged to have been hoarded by the private sector. Minister Johnston Fernando said that the CID is carrying out the operation on the advice of Defence Secretary Gotabhaya Rajapaksa. In addition the Consumer Affairs Authority will also carryout raids. Apart from the ...
By Austin Fernando In recent times there had been vast discussion on returning the displaced. The Lessons Learnt and Reconciliation Commission (LLRC), media, Diaspora, diplomatic inquiries- especially from India- led these dialogues. When certain Tamil representatives gave evidence before the LLRC the internally displaced person’s (IDP’s) and refugees’ rights and plight became secondary ...
An Interview with SB Dissanayake by Chamitha Kuruppu Admitting the Government has launched a campaign to eliminate JVP-led student movements crippling the university system in the country, Minister of Higher Education S.B. Dissanayake points out such moves should not be...
By GABRIELLA STERN NEW YORK -- Sri Lanka's president said Wednesday that rising labor costs in China present an opportunity for his South Asian country to attract foreign companies seeking an alternative low-cost manufacturing base....
By M.Sooriasegaram The proposed Nallur Hotel in Jaffna by the Mercantile Bank of Sri Lanka has sparked off a public debate. At a public consultative meeting organized by the Mayor of Jaffna several weeks ago, Minister Douglas Devananda, who chaired...
By Shamindra Ferdinando Prabhakaran’s successor, T. S. Pathmanathan or simply ‘KP’ as he is better known has thrown his weight behind Sri Lanka’s post-LTTE efforts to restore peace in the Northern and Eastern provinces....