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The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor that is contributing to the current crisis and the resultant hardships is the lack of foreign exchange liquidity in the banking system. Such shortage of […]
- CBSL warns market players of stern action (Category: Breaking News)
- Sri Lanka central banks threatens stern action on victims after printing money (Category: Breaking News)
- CB: Indian rupee not ‘legal tender’ in SL (Category: Breaking News)
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
Providing financial and technical assistance towards the switch to renewable energy technologies The United Nations Development Programme (UNDP) in Sri Lanka together with the Sri Lanka Sustainable Energy Authority (SLSEA) has commenced an initiative to strengthen rural economies, increase forest cover, improve the living standards of rural women, and sustainable industries and small and medium en...
- Energy Minister discusses renewable energy with UNDP official Wignaraja (Category: Breaking News)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- LOLC’s commitment to renewable energy recognised (Category: Business)
- USAID-funded Sri Lanka Energy Programme wins Innovation Award at 2024 Society for International ... (Category: Breaking News)
Sri Lanka’s No. 1 Bank, Bank of Ceylon, marks its 83rd Anniversary today. The Bank will celebrate the occasion beginning with a multi-religious ceremony at the Bank’s Head Office with the participation of distinguished guests comprised of customers and well- wishers. The event will be held with the patronage of the Bank’s Chairman, Kanchana Ratwatte, […]
- BOC invites Sri Lankan expatriates and international investors to join “BOC My Sri Lanka” (Category: Breaking News)
- BOC open on 1 January (Category: Business)
- ‘Bank of Ceylon reiterates its leadership position with industry leading performance’ (Category: Breaking News)
- BOC to continue effective handling of finances and resource build-up (Category: Breaking News)
On July 20 auction low grown averaged at 4.54 dollars per kilogram
- Sri Lanka low-grown tea prices slips in June second week sale (Category: Breaking News)
- Sri Lanka’s Low Grown tea prices shoots up to 5-week high in May 07 sale (Category: Breaking News)
- Sri Lanka’s tea prices hit record in August (Category: Breaking News)
- Sri Lanka’s medium grown tea prices fall in September 4th-week sale (Category: Breaking News)
Non-oil imports collapsed 35.6 percent to 1,026 million US dollars.
- Exports up 7.0 percent (Category: Breaking News)
- Sri Lanka investment goods, non-foods import fall overtakes oil cost in April 2022 (Category: Breaking News)
- Sri Lanka imports fall in May as credit slows with rate hike (Category: Breaking News)
- Sri Lanka key current flows show surplus over imports for third month in August (Category: Breaking News)
[…]The post Ranil Wickremesinghe: A Pimp Or A Prince? appeared first on Colombo Telegraph.
- Ranil Wickremesinghe: A Pimp Without A Country (Category: Breaking News)
- Online bid to punish pimp (Category: Australia, Tasmania )
- Pimp gets 50 years at dramatic hearing (Category: USA, Illinois)
- Pimp jailed for 10 years (Category: Australia, Tasmania )
[…]The post Proroguing The Parliament – A Political Subterfuge! appeared first on Colombo Telegraph.
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
- Nandasena Sri Lanka’s Jekyll And Hyde (Category: Breaking News)
We need to only remind ourselves of what happened to Greece and China (KMT) - D S Sennayake
- CBSL warns market players of stern action (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Sri Lanka exporters say committed to repatriating funds (Category: Breaking News)
- Sri Lanka CB takes on task finding dollars for food after open account ban (Category: Breaking News)
The merchandise trade balance recorded a surplus in June 2022 for the first time since August 2002, reflecting the impact of historically high monthly export earnings and the continued decline in import expenditure, says the Central Bank of Sri Lanka (CBSL).
When India’s Information Technology Act 2000 was first promulgated, it conferred a ‘conditional safe harbour’ upon ‘intermediaries‘, which include social media platforms, instant messaging portals, and entities acting as conduits connecting users. This benefited digital players, who were now exempt from liability for third-party information action after meeting specific diligence criteria. However...
- ‘One China’ principle and ‘One Country, Two Systems’ policy are ironical (Category: Breaking News)
- Sri Lanka’s internet freedom declined from June 2021 to May 2022 (Category: Breaking News)
- Moves to regulate social media in Sri Lanka (Category: Breaking News)
- Google Maps Launches Street View Across 10 Cities In India (Category: Breaking News)
The widely acclaimed globalisation of the post-Cold-War era is now running in reverse. A protracted slowdown in global trade has been reinforced by persistent pandemic-related supply chain disruptions, ongoing pressures of the US-China trade war and efforts to align cross-border economic ties with geostrategic alliances, known as “friend-shoring”. These developments raise the pressure on China, [&...
- Sri Lanka turmoil highlights risk for Chinese firms investing overseas (Category: Breaking News)
- Alibaba, HSBC, AIA pace rout in Hong Kong on Taiwan tensions as China promises ‘firm and strong’... (Category: Breaking News)
- China’s dual-use surveillance ship in Sri Lankan port underscores distrust of Beijing’s tech adv... (Category: Breaking News)
- Apple supplier Foxconn’s iPad factory in southwest China halts production for six days amid powe... (Category: Breaking News)
China will implement a new policy of rotating teachers across different schools in Beijing from next quarter, a move likely to shake up demand and supply of so-called xuequfang, or “school district” properties in the nation’s capital. Primary and middle school teachers in Beijing will get the opportunity to be reassigned to other schools in all […]
- China’s dual-use surveillance ship in Sri Lankan port underscores distrust of Beijing’s tech adv... (Category: Breaking News)
- Sri Lanka turmoil highlights risk for Chinese firms investing overseas (Category: Breaking News)
- Apple supplier Foxconn’s iPad factory in southwest China halts production for six days amid powe... (Category: Breaking News)
- Elon Musk’s deal for Twitter raises concern about China’s influence over the platform (Category: Breaking News)
He has over 23 years of experience in the banking sector
- Slade new RACT chief (Category: Australia, Tasmania )
- Clayton Police Department Chairman Eldrin Bell Hit By Suspected Drunk Driver (Category: USA, Georgia)
- Broncos boss quits in protest of sacking (Category: Australia, Queensland)
- Henjak sacking: Broncos boss quits (Category: Australia, Queensland)
The remaining petrol reserves in Sri Lanka will likely be insufficient to meet normal needs, the World Food Programme (WFP) said. The Government has announced restrictions on fuel imports for the next 12 months as it faces a severe supply shortage. “Remaining petrol reserves will likely be insufficient to meet normal needs. The situation has […]
- WFP says 66 % Sri Lankans reduced number of meals eaten daily (Category: Breaking News)
- WFP to distribute ration packs to vulnerable households in Sri Lanka (Category: Breaking News)
- Three-wheel drivers block Galle Road in Dehiwala (Category: Breaking News)
- UN warns situation in Sri Lanka likely to worsen (Category: Breaking News)
Anthony Nihal Fonseka has been reappointed as a member of the Monetary Board of the Central Bank of Sri Lanka (CBSL) with effect from 27 July 2022 for a period of six years. Previously, he served on the Monetary Board from July, 2016 to May 2020 and from May 2022 to July 2022. He obtained […]
- Sri Lanka bribery net catches another local government official (Category: Breaking News)
- Power cuts for 16th & 17th July approved (Category: Breaking News)
- Nihal Fonseka re-appointed as Sri Lanka monetary board member for 6-years (Category: Breaking News)
- Sri Lanka universities considering admittance of 3,000 more students as redress to Z-score issue (Category: Breaking News)
[…]The post Presidential Dilemma: Find Fuel Or Face Protests appeared first on Colombo Telegraph.
- Ranil-Rajapaksa Dilemmas: Push Back On Basil Or Risk Leaving Like Gota (Category: Breaking News)
- Ranil-Gota Twosome: One Gone, The Other Is Acting Up (Category: Breaking News)
- Good Bye Ranil; “Welcome” President Dulles Alahapperuma (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
The less liquid firm says taken steps to reduce all non-essential expenses
- Sri Lanka’s NTB profits down 12-pct in March quarter (Category: Breaking News)
- Sri Lanka’s IOC unit reports Rs12.3 bn in Sept 2022 profits (Category: Breaking News)
- Sri Lanka’s People’s Leasing net down 37-pct in March (Category: Breaking News)
- Sri Lanka’s Expolanka profit skyrockets over 200% on exports, rupee depreciation (Category: Breaking News)
The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current economic hardships on the people.
Opposition Leader Sajith Premadasa says there is a lack of trust amongst politicians in Sri Lanka. Premadasa tweeted saying the real system issue is that there is no trust amongst politicians. “There is no trust amongst politicians. That’s the real system issue. It will take a lean team of cabinet members who can work well […]
- Legitimacy of Government, opposition questioned (Category: Breaking News)
- Heated exchange between Sajith and RW (Category: Breaking News)
- Sajith writes to President seeking PM post (Category: Breaking News)
- Sajith says he loves to be a pilot (Category: Breaking News)
The Central Bank of Sri Lanka (CBSL) has warned of stern action against market players who fail to fully comply with foreign exchange regulations. Issuing a statement, CBSL said that the bank and the Government have been implementing several measures to ease the burden of the current economic hardships on the people. One major factor […]
- Central Bank assures foreign exchange to import essential goods (Category: Breaking News)
- CBSL reiterates importance of ‘fair play’ by all stakeholders of economy in countering economic ... (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- Sri Lanka further relaxes Foreign Exchange Regulations (Category: Breaking News)
SORA’s objective is to become a usable currency for both users on Earth as well as the Metaverse SORA platform currency is governed by a Parliamentary system that has multiple bodies with clear separation of powers, and where the members are chosen randomly from the SORA Citizen population. XOR transactions are fast and cheap, costing […]
- SriLankan Airlines poses questions on public concerns (Category: Breaking News)
- Civil Society Calls on Government to Enable Burials of COVID-19 Dead (Category: Breaking News)
- Civil Society Calls on Government to Enable Burials of COVID-19 Dead (Category: Breaking News)
- President Wickremesinghe, The Current Pohottuwa Government & The Way Forward – A Call From Citiz... (Category: Breaking News)
By Shiran Ranasinghe and Sanath Nanayakkara The Ceylon Petroleum Corporation (CPC) has still not paid for a ship carrying 40,000 tonnes of diesel that had arrived in Colombo Port on 16 July 16. The CPC has to pay 52 million dollars to the Dubai based Coral Energy before unloading the diesel. Moreover, the CPC also […]
- Kanchana admits consumers charged Rs. 50 per litre of fuel to settle USD 700 mn Indian loan (Category: Breaking News)
- SJB unionist: IOC and Sinopec benefit from special levy on fuel to recover CPC losses (Category: Breaking News)
- CPC urges public not to believe rumours of fuel shortages (Category: Breaking News)
- Low quality crude has resulted in 22% drop in diesel production (Category: Breaking News)
By Ifham Nizam Many professionals including medical specialists were spending days and nights in fuel queues, but the engineers of the Ceylon Electricity Board had no such problem as the government giving priority to supplying fuel for power generation, a senior Power and Energy Ministry official said. Despite everyone else undergoing untold hardships trying to […]
- CEB engineers pump diesel into their vehicles from Kelanitissa stores (Category: Breaking News)
- Bloated public sector – a major impediment to development (Category: Breaking News)
- Wide ranging rackets benefiting CEB engineers (Category: Breaking News)
- Yugadanavi meets 300MW shortfall caused by Norochcholai breakdown (Category: Breaking News)
By Ifham Nizam The Ministry of Agriculture had yesterday decided to establish a dollar account for the development of the agriculture sector for the country’s food security, a senior Ministry official said.Chairman of the Presidential Committee on National Food Security, Dr. Suren Batagoda, said that if Sri Lanka’s food security is not ensured, the people […]
- Four-day debate on Budget Appropriation Bill (Category: Breaking News)
- Agri Secy. directed to probe frauds in USD 10 mn project (Category: Breaking News)
- Lanka signs agreement with FAO to select recipients for fertiliser (Category: Breaking News)
- Food insecurity improves in Sri Lanka but prevails within specific regions- report (Category: Breaking News)
Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka, it was announced yesterday.Issuing a statement, the World Bank said that a macroeconomic policy framework requires deep structural reforms that focus on economic stabilisation, and also on addressing the root structural causes that […]
- Rising Risk (Category: Business)
- ICT Boost (Category: Business)
- SME Credit (Category: Business)
- Helping Hand (Category: Business)
Yield in 3-month T-bills fall
Food prices up 90 percent over 12 months
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
- Nearly half of NYC residents not sold on getting COVID-19 vaccine, survey finds (Category: USA, New York)
Until an adequate macroeconomic policy framework is in place, the World Bank does not plan to offer new financing to Sri Lanka, the World Bank said today. The World Bank said the macroeconomic policy framework requires deep structural reforms that focus on economic stabilization, and also on addressing the root structural causes that created this […]
- World Bank approves $700 million in financing support for Sri Lanka (Category: Breaking News)
- No annual bonus for CEB employees this year (Category: Breaking News)
- New Foreign Minister promises to deliver (Category: Breaking News)
- PUCSL Chairman claims fuel price can be reduced further (Category: Breaking News)
The World Bank Group says it is deeply concerned about the dire economic situation and its impact on the people of Sri LankaThe post No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
- No new financing for Sri Lanka without macroeconomic policy framework – World Bank (Category: Breaking News)
- World Bank releases additional USD 250 million for Sri Lanka to sustain economic reforms (Category: Breaking News)
- No new financing for Sri Lanka without macroeconomic policy framework - WB (Category: Breaking News)
- World Bank suspends financing to Sri Lanka (Category: Breaking News)
Sovereign default together with increasing economic challenges poses significant downside risks to DFCC's profitability
- Sri Lanka’s Bank of Ceylon downgraded to RD (Category: Breaking News)
- Sri Lanka’s NDB downgraded to ‘A(lka)’ amid soft-peg collapse (Category: Breaking News)
- Fitch affirms rating on 15 Sri Lankan Banks – Removes Watch Negative (Category: Breaking News)
- Sri Lanka Singer Finance downgraded, four on rating watch: Fitch (Category: Breaking News)
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