Concluding its visit to Sri Lanka, the International Monetary Fund (IMF) staff mission says the macroeconomic situation in the country is showing tentative signs of improvement, with inflation moderating, the exchange rate stabilizing and the Central Bank rebuilding reserves buffers.
Sri Lanka’s rupee further appreciated against the US dollar (US$) yesterday dropping below Rs.300 for the first time since April last year as the Central Bank (CB) took a breather from its dollar purchases to allow consumption to rebound.
The European Union (EU) has expressed its willingness to extend support to Sri Lanka as it adapts to the impacts of climate change. The EU has said it is committed to working with Sri Lanka to help the country build a more resilient and sustainable future.
State Minister of Finance Shehan Semasinghe and State Minister of Social Empowerment Anupa Pasquale this week chaired a discussion with Central Bank Governor Dr. Nandalal Weerasinghe on regulating the Samurdhi banking system.
Oceanpick, Sri Lanka’s first and South Asia’s largest oceanic finfish farm, has reached another momentous milestone for its ocean-grown Barramundi having successfully entered the European market through its strategic partnership with Kangamiut Seafood.
The government defended the proposal to raise the short-term Treasury bill ceiling by Rs.1 trillion, given the prevailing high market yields on the longer-tenure Treasury bonds, due to the uncertainty prevailing over domestic debt restructuring.
Sri Lankan baker Tharshan Selvarajah came under the fresh spotlight this week, as he walked away with the first-place title at the 30th annual ‘Grand Prix de la Baguette de Traditional Francaise de la Ville De Paris’.
Two teams from Sri Lanka, team Sipsara and The Green Tycoon, successfully qualified to the World Finals (Asia) stage at Microsoft Imagine Cup 2023, Microsoft’s global competition for students to dream and build new ways of using technology to improve lives.
President instructs officials to amend provisions of land management ordinances and introduce new regulations Stresses that archaic land policies established during the colonial era are no longer suited to modern development needs
CNBC: Emirates Group reported record profit and revenue figures yesterday for the year ending April 2023, with customer numbers booming as the majority of pandemic-induced travel restrictions were lifted.
CNN: US Treasury Secretary Janet Yellen urged Congress yesterday to raise its debt ceiling, warning that a US default would produce an “economic and financial catastrophe” that would trigger a global economic downturn and risk undermining the country’s ability to provide global leadership.
Tourist arrivals surpass 63,000 in first half of October
EDB gets new chief
Colombo welcomes Cinnamon Life
New Board of Directors appointed for SriLankan Airlines
Easter attack: controversy swirls further high
Catholic Church rebuffs Gammanpila’s allegations
Easter Sunday attack: Ravi Seneviratne’s name implicated
SL unveils new ’P’ series passport with enhanced security features