The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 May 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at the current levels of 13.50 per cent and 14.50 per cent, respectively.
Hydropower companies in Sri Lanka held discussions recently with Nepal’s Ministry of Energy, Water Resources and Irrigation (MOEWRI) and Nepal Electricity Authority (NEA) on the investment opportunities for hydropower development.
Taking a firm stand against the violence incited against peaceful protestors who have been calling for the establishment of a people’s government for nearly a month, trade unions across the country will withdraw from services tomorrow.
South Asian economies are emerging from the deep COVID-19 recession, burdened by high inflation, rising current account deficits, and deteriorated fiscal balances, which are exacerbated by the impact of war in Ukraine, the latest update by the World Bank (WB) on the regional economic outlook revealed.
The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require ’’adequate assurances’’ that the island country’s debts can be put on a sustainable path.
India-Sri Lanka ferry service operates smoothly
Tourist arrivals surpass 63,000 in first half of October
EDB gets new chief
Colombo welcomes Cinnamon Life
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