@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
374 results found in 1172 ms
Page 3 of 13
Sri Lankan government has had discussions with the International Monetary Fund (IMF) for fresh financial assistance, which will be discussed in detail in September, IMF officials said. "There's a possibility of (IMF) extending further financial assistance - similar to the current Stand
Sri Lanka is seeking fresh help from the International Monetary Fund after drawing down a previous $2.6-billion bailout, a top IMF official said Friday.
Reuters: Sri Lankan stocks jumped 1.6 per cent on Thursday to a more than three-week high on institutional buying of blue-chips stocks like John Keells Holdings PLC in an oversold market after the central bank kept policy rates steady. The Central Bank held the key policy rates unchanged on Wednesday. The main index rose 1.61 ...
Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...
Reuters: The rupee recovered 0.5 per cent on Wednesday after hitting a record low the previous day as exporters sold dollars, traders said. The rupee closed at 131.90/132.10 against the dollar from Tuesday’s close of 132.40/70. It hit all time low of 133.60 on Tuesday, surpassing the previous record of 133.00 reached on 25 April. ...
The Central Bank has said that the Employees Provident Fund is safe and it is not exposed to any danger. Superintendent of EPF of the Central Bank Kalyani Gunatllake stressed that the propaganda, being spread by certain opposition groups is baseless. Certain political groups in the opposition spread propaganda that the EPF as well as ...
A team of officials from the International Monetary Fund (IMF) is to arrive in Sri Lanka next week to review the country’s economic conditions before disbursing the final tranche of the US$ 2.6 billion Stand-By Agreement (SBA), Government officials said. The review is scheduled to commence
Jun 01, Colombo: A team of officials from the International Monetary Fund (IMF) is to arrive in Sri Lanka next week to review the country's economic conditions before disbursing the final tranche of the US$ 2.6 billion Stand By Agreement (SBA), government officials said.
Reuters: The Central Bank said on Thursday it still believed the battered rupee would stabilise at levels stronger than 125 to the dollar, despite comments from a senior bank official. Chief Economist Swarna Gunaratna told Reuters on Wednesday that the Central Bank expected the currency to stabilise at current levels, which are now around 132. ...
On completion of the International Monetary Fund (IMF) Standby Arrangement (SBA) of US$2.6 billion n..
Reuters: Central Bank expects the rupee to stabilise at current levels of around 132 to the dollar without intervention, a senior official said on Wednesday, abandoning its earlier stance where it had expected the currency to settle at a higher level. The rupee was trading around 132 per dollar on Wednesday. Both the Central Bank ...
On completion of the International Monetary Fund (IMF) Standby Arrangement (SBA) of US$2.6 billion next month, Sri Lanka will start negotiations with the IMF for another US$500 million Security Arrangement...
Showing a common mindset, the International Monetary Fund (IMF) yesterday commended the Central Bank for its commitment to flexible policies that resulted in a depreciating rupee and reducing the current account deficit. IMF Country Representative Dr. Koshy Mathai delivering a presentation titled
Calls for more transparency and says lack of progress main reason for reduced interest Inconsistent policies and lack of transparency is preventing foreign companies from investing in Sri Lanka, US Ambassador Patricia Butenis told a conference yesterday, calling for the Government to reduce red tape and improve good governance. US Ambassador Patricia Butenis addresses ...
What is corporate governance? According to the World Bank Corporate governance is “the system by which companies are directed and controlled”. It involves the balance of powers among three key corporate constituencies: the board of directors, which is charged with monitoring, overseeing, and guiding the company; the shareholders, who invest their funds in the company’s ...
Reuters: Sri Lanka’s central bank expects the steps it has taken to reverse a currency decline to drive the rupee past 125 to the US dollar, but it is not targeting a particular level, Central Bank Governor Ajith Nivard Cabraal said on Tuesday. The rupee is hovering around 129-130 despite a warning from the authorities ...
The IMF’s recently released Asia and Pacific Regional Economic Outlook (REO) shows the region continuing to lead global growth and expected to gain momentum over the course of 2012. This forecast, however, remains subject to downside risks related to the global economy, including the possibilities of a sharp fall in exports to advanced economies and ...
Sri Lanka hopes to continue its relationship with the International Monetary Fund (IMF) to boost foreign investment even after a US$ 2.6 billion Stand-By agreement ends in July, the Central Bank Governor said yesterday. Despite tenuous interaction in the past, Central Bank Governor Ajith Nivard
The International Monetary Fund (IMF)’s next review of the Sri Lankan economy and monetary policies will take place on June 4 ahead of final approval for the last US$400 million installment, a top official said. “We met Naoyuki Shinohara, Deputy Managing Director of the IMF
Apr 22, Colombo: The International Monetary Fund (IMF) is to commence the next review on Sri Lanka's economic performance under the US$ 2.6 billion Stand-By Agreement (SBA) in June.
Reuters: The Central Bank said on Friday that despite heavy depreciation pressure on the rupee, there was no need to intervene in the market as the country would see $ 574 million of inflows within a month. On Friday, the currency was trading near its record low of 131.60 per dollar, hit on 19 March ...
Monetary Fund (IMF) to target a budget deficit of 6.2 ...
The Sri Lankan delegation attending the International Monetary Fund (IMF) Spring Meeting 2012 will leave for Washington this week, the government news website reported. The Spring Meetings of the IMF and World Bank will be held in Washington, DC from April 20 -22. The Minister
Apr 15, Colombo: The Sri Lankan delegation attending the International Monetary Fund (IMF) Spring Meeting 2012 will leave for Washington this week.
Sri Lanka will continue Iran crude, but will have to reduce Sri Lanka indirectly penalised by US sanction – Basil Reuters: Sri Lanka could trim Iran crude imports up to 20 per cent in the face of US sanctions, the island nation’s economic development minister said on Tuesday as it had taken strong measures to ...
Apr 06, Colombo: Sri Lanka did not according to any conditions set by the International Monetary Fund (IMF) in securing the latest loan installment, Deputy Minister of Economic Development and Acting Minister of Mass Media and Information Lakshman Yapa Abeywardena said.
COLOMBO (Reuters): Sri Lanka’s central bank will have room to raise interest rates by at least another 50 basis points if April trade and inflation data show signs of stabilizing, the treasury secretary said on Wednesday. “Since we have already raised policy rates by half a percent (in February), maybe another 50 basis points upward ...
The rupee gained 1.7 per cent on Tuesday as exporters sold dollars after the International Monetary Fund approved thedisbursement of a long-delayed loan tranche of $ 426.8 million to the Government. The rupee strengthened to 126.00/126.30 a dollar from Monday’s close of 128.25/128.30. Dealers
$ 427 m released to boost reserves bringing total to $ 2.13 b under $ 2.6 b SBA; balance likely in mid-July Emphasises Govt. has taken several positive measures to stem current account deficit, reserve loss and bolster fiscal performance Says recent tax hike on vehicles “unexpected” but shows Govt.’s seriousness in dealing with Balance ...
The International Monetary Fund (IMF) has approved US$ 426.8 Million loan for Sri Lanka.