@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
254 results found in 907 ms
Page 9 of 9
A reader of My View on popular fallacies of currency appreciation published in the previous few weeks has directed a series of questions to me. What is Central Bank’s mandate? Should it just target to stabilise the domestic prices? Or should it try to maintain stability in the exchange rate? Or should it work for ...
The Maldivian administration’s key economic strategy is to engage the private sector and enable the diversification of the economy for sustainable development, said Mahmood Razee, Minister of Economic Development in the Republic of Maldives who was in the country to attend the fourth Annual General Meeting of the Sri Lanka-Maldives Bilateral Business Council recently. ...
Reuters: Sri Lanka’s stock market fell for a third session to a more-than six-week low on Thursday, following Asian peers on a gloomy global economic outlook, a local liquidity shortage and forced selling to meet margin debt reductions. The island nation’s main share index closed 0.45
Last week, media were abuzz with two reports on how undesired exchange rate movements could worry governments. One was a currency under pressure for appreciation in the market and the other was a currency moving in the opposite. Swiss Franc: One way Journey to Appreciation The first was the case of the Swiss Franc which ...
Stock Broking firm Capital Alliance suggests that the 2.6 million tourist arrivals target isn’t a pipedream but achievable though it will be only by 2020, which is 4 years later than the Government and industry set timeline of 2016. “The Government projects 2.5m arrivals in 2016, but the industry will lack the rooms and trained ...
By Dr. O.G Dayaratna-Banda Department of Economics and Statistics University of Peradeniya Adoring the discarded neo-liberalism The Secretary to the Treasury of Sri Lanka has seemingly informed the Vice Chancellors of the Universities at a meeting held at the UGC that the “increase of the salaries of university academics or any other public sector workers ...
Tea export earnings increased by 16.1% to US$ 1,375 million last year due to both increased volumes and high prices. Ceylon tea continued to fetch the highest prices in the major auction centres of the world last year mainly due to the fine quality of Ceylon tea and the high international demand for orthodox tea. ...
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 ...
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....
The Sri Lankan Cabinet of Ministers has announced plans to issue up to 1 billion US dollars worth of bonds to settle short-term debt. At the same time they have decided to negotiate for credit with the EXIM Bank of China for water supply projects in Gampha, Atthnagalle and Minuwangoda. The Cabinet has committed to ...