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- island.lk - Category : Breaking News - Relavancy : 3.1817086

Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period

- island.lk - Category : Breaking News - Relavancy : 0.051744986

…  asks House to rectify fundamental blunder by Shamindra Ferdinando Lawmaker Gevindu Cumaratunga, on behalf of the Uththara Lanka Sabhagaya (ULS), has requested the Chairman of the Committee on Public Finance (CoPF) Dr. Harsha De Silva to propose fundamental change to the Central Bank of Sri Lanka Act (No 16 of 2023) by including Secretary to the Finance Ministry/Treasury […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.07604928
- colombotelegraph.com - Category : Breaking News - Relavancy : 0.069423184

[…]The post Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. Anil Baddevithana appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.03622149

[…]The post Ancient Values Influence Behaviour Centuries Later appeared first on Colombo Telegraph.

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- colombotelegraph.com - Category : Breaking News - Relavancy : 0.03104699

[…]The post Playing The Fiddle While The Country Burns!  appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.02561246
- news.lk - Category : Breaking News - Relavancy : 0.07244298

During the meeting between President Ranil Wickremesinghe and the IMF team at the Finance Ministry yesterday (07), Peter Breuer, the Senior Mission Chief for Sri Lanka, delivered encouraging remarks. Breuer emphasized that the IMF program is exhibiting promising signs of efficacy, translating into tangible outcomes. He commended the authorities for their unwavering commitment to the program’s impl...

- onlanka.com - Category : Breaking News - Relavancy : 0.315122

Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News

- island.lk - Category : Breaking News - Relavancy : 0.07244298

Reaffirming its customer-centric focus, the Truly Sri Lankan Bank, Pan Asia Bank, has forged a strategic partnership with AIA Insurance Lanka, to provide comprehensive insurance solutions – including protection, health and investment solutions – that meet the changing needs of the Bank’s valued consumers. Expressing his enthusiasm about the new partnership, Naleen Edirisinghe, CEO of [...

- onlanka.com - Category : Breaking News - Relavancy : 0.11194152

Sri Lankan President Ranil Wickremesinghe revealed that over the past 14 months, the Parliament has enacted 42 new laws to facilitate the country’s economic transformation.The post Sri Lanka President says 42 new laws enacted for economic transformation, 62 laws due for enactment appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.08781415

‘New laws needed to rein them in’ By Shamindra Ferdinando Justice Minister Dr. Wijeyadasa Rajapakse, PC, said that contrary to the Constitution, the Parliament didn’t exercise full control over public finance.The former President of the Bar Association said a new law was required to subject all state enterprises to parliamentary control to prevent further deterioration […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08214262
- onlanka.com - Category : Breaking News - Relavancy : 0.13884637

Sri Lanka is set to introduce the National Cyber Security Act this year, which will be followed by the establishment of the Cyber Security Authority.The post Sri Lanka to introduce National Cyber Security Act, establish Cyber Security Authority appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.08781415

By Rathindra Kuruwita The Ceylon Electricity Board (CEB) has significantly overestimated the cost of electricity production and transmission for 2024 and this is reflected in their estimated cost of production, says MP Gamini Waleboda, head of the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis. The overestimation is around Rs 140 billion, […]

- island.lk - Category : Breaking News - Relavancy : 0.051744986

In a welcome development in relation to Sri Lanka’s regional policy, some state functionaries of the Ranil Wickremesinghe regime have gone on record as having stated that Sri Lanka would be taking notable cognizance of India’s security concerns, going forward. This is as it should be. None of India’s immediate neighbours could afford to overlook […]

- onlanka.com - Category : Breaking News - Relavancy : 0.06209398

The Indian government is working on operationalizing Rupee investments in Sri Lanka in a move to boost Indian investments in its southern neighbor, two people aware of the matter told Mint.The post India to push rupee investments in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.315122

Monday 26th February, 2024 Sri Lanka is a nation in the hara-kiri mode. It needs no enemies; it has become its worst enemy. It continues to maintain a bunch of failed, corrupt politicians and their bureaucratic lackeys responsible for ruining the economy and hell-bent on degrading vital national

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- colombotelegraph.com - Category : Breaking News - Relavancy : 0.093140975

[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.07244298

Senior U.S. diplomat Richard Verma on Friday met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program, the U.S. State Department said.The post Senior U.S. official discusses Sri Lanka’s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- adaderana.lk - Category : Breaking News - Relavancy : 0.3781464

Sri Lanka s inflation is expected to return to the government s 5% target starting from the last two quarters of the year, a Central Bank of Sri Lanka (CBSL) official said on Wednesday, as the economy stabilises from a crippling financial crisis.

- island.lk - Category : Breaking News - Relavancy : 0.07244298

Profit before Tax increases by 258% amidst external challenges Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance during 2023, which showed judicious portfolio management and prudency exercised in dealing with possible fallout on its asset quality in chall...

- colombogazette.com - Category : Breaking News - Relavancy : 0.315122

The Maldives is a strategically important nation in the Indian Ocean, now facing a high risk of debt distress due to its increasing proximity to China. The IMF has warned the Maldives that it needs to make urgent policy changes to avoid falling into debt. The Maldivian economy, which is heavily

- colombogazette.com - Category : Breaking News - Relavancy : 2.7271788

I became the first person to officially transact using UPI in Sri Lanka on February 12th 2024. In the presence of three heads of states/ governments. Leaders of India, Sri Lanka and Mauritius watched the transaction and celebrated its success with applause. So what is UPI ? How does it benefit indian consumers, merchants and […]

- island.lk - Category : Breaking News - Relavancy : 0.14339991

Sri Lanka’s inflation is anticipated to gradually stabilise around the targeted level of five per cent over the medium term, following a short-lived acceleration of inflation in the near term on account of the recent tax adjustments and supply-side disruptions, the Central Bank of Sri Lanka (CBSL) said in its monetary policy report for February. […]

- island.lk - Category : Breaking News - Relavancy : 0.06209398

By Saman Indrajith The government’s decision to give two million farming families freehold land deeds will lead to shanty towns popping up in most major towns in Sri Lanka, Pivithuru Hela Urumaya (PHU) leader Udaya Gammanpila said. Gammanpila added that President Ranil Wickremesinghe’s Urumaya Freehold Deed Programme could probably mark the end of Sri Lankan […]

- island.lk - Category : Breaking News - Relavancy : 0.12674882

The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The content of this Report is mainly based on information that was considered by the Monetary Policy Board of the Central Bank of Sri […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.12674882

Projections indicate a deviation of inflation from the target, primarily due to amendments to the Value Added Tax (VAT) introduced in January 2024, before it retraces towards the target from around end 2024, the Central Bank of Sri Lanka said. The Central Bank of Sri Lanka released the Monetary Policy Report – February 2024 in […]

- onlanka.com - Category : Breaking News - Relavancy : 0.315122

Sri Lanka's economy is expected to keep growing in 2024 and gradually reach its potential over the medium term, according to the Central Bank's latest report on monetary policy.The post Central Bank of Sri Lanka says annual economic growth expected to turn positive in 2024 appeared first on ONLANKA

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.051744986

[…]The post The Economic Setbacks Of Yahapālanaya Government appeared first on Colombo Telegraph.

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