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The Central Bank of Sri Lanka (CBSL) is hopeful that the International Monetary Fund (IMF) will be able to receive financial assurances from all of Sri Lanka s creditors pertaining to the island s debt restructuring plan in a very short period, Governor Dr. Nandalal Weearsinghe stated.
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[…]The post A Sustainable Model To Curb Corruption appeared first on Colombo Telegraph.
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50% and 15.50%, respectively.The post Sri Lanka’s Central Bank holds policy interest rates at current levels appeared first on Sri Lanka News - Latest Breaking News in Sri L...
Sri Lanka’s gross official reserves stood at an estimated US dollars 1.9 billion by the end of 2022, the Central Bank of Sri Lanka said today. The bank said that the gradual improvement in workers’ remittances, together with the revitalisation of tourism, helped improve the external current account balance in recent months while easing excessive […]
Abu Dhabi ..., January 13 (ANI): India and the UAE have reached an agreement on green hydrogen development and the laying of under sea cable connecting India to the UAE under Prime Minister Narendra Modi’s ‘One Sun, One World, One Grid initiative.’ Union Minister of Power and New and Renewable Energy RK Singh and UAE’s […]
Singapore, January 13 (ANI): At the 18th Party Congress of the Chinese Communist Party (CCP) held in 2012, China had declared its ambition to be a haiyang qiangguo– that is, a strong or great maritime power, according to The Singapore Post. As per the Singapore-based publication, a ‘maritime power’ is a country that has great […]
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50% and 15.50%, respectively.
by Rohana R. Wasala First of all, let me express my sincere respects to Mr. D. L. Sirimanne, the writer of the interesting article entitled ‘Celebrating 75th Anniversary of Independence’ (The Island/Opinion/January 18, 2023). He struck me as a venerable old man, who, at 103 years of age, still thinks about the welfare of his fellow Sri […]
USD 3 mn Japanese grant attached to ongoing project By Shamindra Ferdinando An agreement on the much advertised cash assistance, provided exclusively to paddy farmers by the Wickremesinghe-Rajapaksa government, was finalised several weeks before then President Gotabaya Rajapaksa stepped down on July 14, 2022 amidst violent protests. The Asian Development Bank (ADB) has provided the […]
By Saman Indrajith Interest rates could be relaxed with a cash infusion via the IMF, the Central Bank officials, including Governor Dr. Nandalal Weerasinghe, told the Committee on Public Finance (CoPF) recently. Dr. Weerasinghe said high interest rates had been adopted to limit growth to prevent the need for greater foreign exchange given the dwindling […]
Pioneering insurance provider Sri Lanka Insurance Corporation (SLIC) is set to spearhead yet another year of steady growth building on the momentum of a resilient 2022. The Company illustrated its strength recording a Gross Written Premium (GWP) of Rs 20.7 billion in the Life Insurance sector and Rs 20.5 billion in the General Insurance sector. […]
As a result of sheer negligence, Sri Lanka has ended up being categorized as a perpetrator of war crimes, and those who had fought for the country are mercilessly targeted. There cannot be a better example than Air Marshal Sumangala Dias who suffered due to Sri Lanka’s failure. Canada refused to accept Dias as Sri […]
38th National Junior Badminton Championships Savinaka Weerasekera of D.S. Senanayake College and Rashmi Mudalige of Gateway International School emerged Under-19 boys’ and girls’ champions respectively while Pulina Wellalage of St. Sebastian’s College, Moratuwa clinched a triple crown at the 38th National Junior Badminton Championships held in Colombo. At the annual event conducted by Sri Lanka [&...
The Central Bank informed a Parliament committee that it is confident the first tranche of the financial assistance from the International Monetary Fund (IMF) will be received during the 1st quarter of 2023. The Committee on Public Finance (CoPF) chaired by (Dr.) Harsha De Silva stressed that the committee will stand by the reforms proposed […]
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The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters. India wrote to the IMF earlier this month, saying it would commit to supporting […]
Sri Lanka is committed to meeting all its debt repayments and is hoping to complete debt restructuring negotiations in the next six months, the country’s central bank chief P. Nandalal Weerasinghe said. “There has been good progress this month with India already pledging financing assurances. We expect assurances from China and Japan soon,” Weerasinghe said […]
The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.The post China’s EXIM bank offers Sri Lanka debt extension – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLA...
The Cabinet of Ministers approved the proposal presented by the Minister of Ports, Shipping and Aviation Services to revise the Air Navigation Fees for international flights flying over the Colombo Flight Information Region with effect from 01.02.2023. The Air Navigation Fee relating to international flights flying over the Colombo Flight Information Region is levied by […]
The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.
The International Monetary Fund (IMF) is still awaiting assurances on Sri Lanka in order to present a Fund-supported program for Sri Lanka to the IMF’s Executive Board, for approval. The IMF confirmed that India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary […]
Unilever Sri Lanka took home the category award for Best Performance in fostering Employee Relations at the recent Best Corporate Citizen Sustainability Awards 2022. The award was conferred on Unilever by the Ceylon Chamber of Commerce in recognition of the company’s best-in-class Employee Agenda and People Practices in employee engagement, training & career development, wellbeing, […]
World Athletics has proposed continuing to allow transgender women to compete in female international track and field events. In a statement it said its “preferred option” was to tighten the sport’s eligibility rules, but still use testosterone limits as the basis for inclusion. A policy document suggesting the amendments has been sent to World Athletics’ […]
India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.The post India commits to help Sri Lanka on debt in prospective IMF program appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.
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A key factor that needs to be borne in mind when introducing electric vehicles (EV) to Sri Lanka is the need to allow only manufacturer authorized brand-new vehicles of this kind into the country, it was revealed at a recent forum organized by the Ceylon Motor Traders Association (CMTA) and the Association of International Marketing […]
The International Cricket Council (ICC) on Monday (January 23) released the Men s T20I Team of the Year 2022 and the Women s T20I Team of the Year 2022, which both include one Sri Lankan player each.