Sri Lanka News Explorer
Last 7 Days
Older News
- Older than 2023-Nov (264)
Narrow by Category
- Business (188)
- Breaking News (76)
SHANGHAI: China cut the amount of cash that banks must set aside as reserves for the second time in three months to spur lending as Europe’s debt crisis and a cooling property market threaten economic growth. Reserve requirements will fall by 50 basis points to 20.5% effective Feb. 24 the People’s Bank of China said ...
- Apple critic's harsh claims called into serious doubt (Category: USA, Washington)
- China sanctions two dozen outgoing Trump officials, including Bannon, Pompeo (Category: USA, New York)
- China sanctions two dozen outgoing Trump officials, including Bannon, Pompeo (Category: USA, New York)
- China sanctions two dozen outgoing Trump officials, including Bannon, Pompeo (Category: USA, New York)
Reuters: China will continue to invest in euro zone government debt, the country’s central bank governor said on Wednesday, while calling on Europeans to produce more attractive investment products for China. Zhou Xiaochuan admitted that China and other emerging nations like Brazil, Russia or India were waiting for the right time to help the bloc, ...
- China urges EU to reach debt deal without delay (Category: Business)
- Europe bailout fund chief sees no quick China deal (Category: Business)
- China’s Wen: May consider bigger role in EU rescue funds (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
(Bloomberg): Sri Lanka doesn’t need to further tighten monetary policy for now even though an increase in fuel and transportation costs and a weakening currency may stoke inflation, the head of the central bank said. The central bank’s rate increase earlier this month will have a “demand-driven impact” and help moderate inflation, its Governor Ajith ...
- Sri Lanka stocks may slump more on rates – HSBC Private (Category: Business)
- CB Governor sees light at the end of the tunnel (Category: Breaking News)
- Rupee hits new low, but State intervenes (Category: Business)
- Rupee down (Category: Business)
Sri Lanka’s benchmark stock index, the world’s worst performer this year, may extend its slump as the central bank raises interest rates to curb inflation, according to HSBC Holdings Plc’s private banking unit. HSBC Private Bank, which oversees about $499 billion, will wait for stock valuations to fall to “single digit” multiples before it considers ...
- Stocks approach one-month low; rupee steady (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Sri Lanka Stocks May Slump More on Rates, HSBC Private Says (Category: Breaking News)
- CB seen holding rates, SRR steady – Reuters poll (Category: Business)
Reuters: If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recession that, like the 2008/2009 financial crisis, would not spare Asia. Its sister organisation, the International Monetary Fund, warns
- HSBC Asia Pacific reports $ 13.3 b pre-tax profit in 2011 (Category: Business)
- Global wealth to grow 50% to $345 trillion in 5 years: Credit Suisse (Category: Business)
- WB South Asia Chief Economist to address Sri Lanka Economic Summit 2012 (Category: Business)
- Values vs. wealth (Category: Business)
Whatever planetary conjunctions may come into formation two Full Moons before the Sinhala New Year for President Mahinda Rajapaka and his clan, the economic and political clouds are already gathering ominously over this usually sunny isle. The alleged war crimes allegations have come around for the third time this year in a vicious form. US ...
- Report will be ready by November 15 – LLRC (Category: Business)
- US to support UN resolution against Sri Lanka (Category: Business)
- SL attends UNHRC sessions with impressive post-conflict records: Former AG (Category: Business)
- Double-edged reconciliation (Category: Business)
Reuters: The International Monetary Fund (IMF) on Friday welcomed Sri Lanka’s policy shift towards a flexible exchange rate, saying it will help contain the trade deficit and protect the nation’s dwindling foreign exchange reserves. In a marked policy shift, Sri Lanka’s Central
- No timing yet for Sri Lanka review prior to next loan disbursal: IMF (Category: Business)
- CB resumes repo auction after two-year lapse (Category: Business)
- Reactions (Category: Business)
- Consistent Policy (Category: Business)
Despite the Central Bank’s previous announcement that the US$2.6 billion Standby Arrangement with the International Monetary Fund (IMF) would be terminated, the government has said it hoped to sign a...
Monetary Fund have been exasperated by a string of ...
- Greeks seek better terms after Spanish rescue (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- Europe bailout fund chief sees no quick China deal (Category: Business)
- Greek cabinet backs extra austerity measures (Category: Business)
Feb 10, Colombo: The International Monetary Fund (IMF) has welcomed the decision taken by the Central Bank of Sri Lanka to stop intervening in the rupee exchange rate and allow the market to determine the rate instead.
Reuters: The glass is half full again for Asia’s economies. Some economists have begun downplaying the darkest of the worst-case scenarios for Asia now that Europe appears to be muddling through its debt crisis without imploding and the United States finally shows signs of a self-sustaining recovery. That doesn’t mean Asia’s economic growth is about ...
- Asia growth to slow in 2012, no China crash seen (Category: Business)
- Global slowdown silences Asia’s inflation hawks (Category: Business)
- Asia’s growth picking up, too early to celebrate (Category: Business)
- Fears of US slowdown fade as economy shows some muscle (Category: Business)
On the 30th of January, Sri Lanka’s Central Bank announced that it would not draw down the withheld 800 million US dollars (USD) of its International Monetary Fund (IMF) standby facility citing its high interest rate.
By Sulochana Ramiah MohanThe International Monetary Fund (IMF) on Friday said a strong rebound in domestic demand supported in part by increased bank lending resulted in a larger-than-anticipated surge in imports, causing the current account deficit to widen significantly in 2011, despite healthy
The Central Bank of Sri Lanka (CBSL) announced on Friday that it had raised policy rates for the first time since 2007 in a bid to check runaway credit growth, but the International Monetary Fund did not seem very impressed.
(Srilankamirror) -The International Monetary Fund says it is encouraged by Sri Lanka's monetary and exchange rate policy changes amid a sharp drop in foreign exchange reserves and significant widening of the current account deficit. "There was broad agreement that a decisive policy
The International Monetary Fund (IMF) on Friday said it was encouraged by Sri Lanka's monetary and exchange rate policy changes amid a sharp drop in foreign exchange reserves and significant...
Foreign-owned firms allowed to do margin providing Slide at Colombo Bourse continues though net foreign inflow a redeemer The Colombo stock market continued its slide, down over 7% year-to-date, whilst the Central Bank yesterday gave a fresh boost by allowing foreign owned firms to do margin providing for investors. The move to permit foreign firms ...
- Rupee ends steady, but market sees further dip (Category: Business)
- Rupee weaker on importer dollar demand (Category: Business)
- Bourse at eight-month high (Category: Business)
- Global, local woes drag stocks down to six-week low (Category: Business)
Sri Lankas share market fell more than 1 percent on Thursday, erasing 28 billion rupees ($245.83 million) of value, a day ahead of the central banks monetary policy announcement and expected International Monetary Fund comments on the economy.
By Shihar Aneez and Ranga Sirilal Reuters: Sri Lanka may take action to cool down continuing high credit growth in the economy which has caused some concern, the island nation’s central bank governor said on Wednesday. Central Bank Governor Ajith Nivard Cabraal also said the country will sell a $1 billion eurobond this year as ...
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- Central Bank sees rupee firming helped by inflows (Category: Business)
- CB seen keeping rates steady for fifth straight month (Category: Business)
- Cabraal says change a reflection of success (Category: Business)
COLOMBO — Sri Lanka said Tuesday it did not need the final tranche of a $2.6-billion IMF bailout thanks to the country's healthy foreign exchange reserves. The loan was granted in 2009 by the International Monetary Fund just after the end of the country's bloody ethnic civil war
- Foreign reserves level could stop IMF loan – Dr. de Silva (Category: Breaking News)
- Sri Lanka says doesn't need IMF money (Category: Breaking News)
- SL does not need IMF money (Category: Breaking News)
- SL does not need IMF money, Cabraal (Category: Breaking News)
Reuters: Sri Lanka’s share market closed weaker on Tuesday, ending a four-session rally as investors booked profits in financial and blue chip shares amid low volumes and turnover, dealers said. The main share index ended 1.07 per cent or 61.64 points weaker at 5,693.92, from its highest since 23 January. Analysts said institutional investors are ...
- Vietnam’s 2011 rice exports hit record 7.19 M tonnes (Category: Business)
- World drinks more tea, FAO predicts strong price (Category: Business)
- July tea output down 11.5% (Category: Business)
- Stock market rebound after panic sell-off (Category: Business)
It will not draw last tranche of US$800mil due to high interest rate by the global lender Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due
- Sri Lanka won't draw balance of IMF loan (Category: Breaking News)
- Conspicuous correction by CB (Category: Business)
- IMF to consider $ 800m loan for Sri Lanka (Category: Business)
- CB says all June-end IMF loan targets met (Category: Business)
The Central Bank has opted not to draw $800 million, the final balance of the International Monetary Fund’s Standby Arrangement as the interest rates are high, CB Governor Ajith Nivard Cabraal said. He made the observation when President Mahinda Rajapaksa met with Foreign correspondence
Jan 31, Colombo: A legislator of Sri Lanka's main opposition United National Party (UNP) has dismissed statements made by Central Bank Governor Ajith Nivard Cabraal on the International Monetary Fund stand-by arrangement (SBA).
COLOMBO: Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due to the high interest rate, the governor of the central bank said.
(Srilankamirror) - Central Bank governor Ajith Nivard Cabraal said today (Jan. 30) that Sri Lanka will not draw the remaining $800 million of a $2.6 billion loan from the International Monetary Fund due to the high interest rate. The Lankan government is locked in a row with the global lender
- Where Are You Most Likely To Get A Traffic Ticket? (Category: USA, Georgia)
- Inside the cookie monster (Category: Australia, Queensland)
- Can images stop data overload? (Category: Technology)
- Elected-Partial,400 (Category: USA, South Dakota)
After statements to the contrary by Governor over applicable interest rate and on which loan amount, monetary authority issues clarification For few days, the not so ‘whole truth’ was out in the market, but perhaps due to the Opposition’s fire and realising the blunder and implications, a better-late-than-never conspicuous correction termed “clarification” has finally...
- Exchange rate standoff as IMF visits SL (Category: Business)
- CB says no need for FX intervention (Category: Business)
- IMF to discuss Sri Lanka loan follow-up (Category: Business)
- CB says all June-end IMF loan targets met (Category: Business)
BRUSSELS (Reuters): EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation, with unresolved problems in Greece casting a shadow on the discussions. The summit – the 17th in two years as the ...
- Euro zone crisis heads for September crunch (Category: Business)
- German FM: Greece needs sustainable debt by 2020 (Category: Business)
- China ‘does not want to buy up Europe’: Communist party mouthpiece (Category: Business)
- Euro zone recession may have already started: PMIs (Category: Business)
New research by the International Chamber of Commerce (ICC) and the International Monetary Fund (IMF) has revealed a largely pessimistic outlook for the demand for trade finance products in 2012. Based upon inputs received from 337 financial institutions responding to a joint ICC-IMF survey
- ICC response to Basel announcement on trade finance (Category: Business)
- Bank regulators ease rules on trade finance (Category: Business)
- SWIFT and ICC collaborate on enhanced rules and tools for trade finance (Category: Business)
Jan 30, Colombo: The Central Bank of Sri Lanka has decided not to draw the remainder of the US$ 2.6 billion given by the International Monetary Fund (IMF) due to the higher interest rate the Bank has to pay if the last tranche was received.
Popular Topics
- International Monetary Fund (264)
- Political crisis (109)
- Foreign exchange reserves (167)
- Shortage (5)
- Bank reserves (264)
- Anonymous (3)
- Fuel (24)
- Economy of Sri Lanka (228)
- Russia (14)
- Ukraine (1)
- Sri Lanka Tea (166)
- Tourism (17)
- Sri Lanka Quality Tea (168)
- Sri Lanka Tourism (166)
- Sri Lanka Cricket (164)
- Sri Lanka Hotels (164)
- Sri Lanka Elections (172)
- Hiru Tv (6)
- ITN News (103)
- Shakthi Tv (6)
- Derana Dream Star (3)
- EPF (4)
- BBC (2)
- Rob Ford (1)