Courtesy The Daily News First Capital says that they believe that attaining the required financial assurances and entering into an IMF program is key for Sri Lanka’s revival while a well planned reform program will ensure acceleration in the recovery trajectory. At this juncture, Sri Lanka stands with a high level of hope with Sri […]

Courtesy The Daily News British High Commissioner Sarah Hulton OBE and Trade Ministry officials. The UK Government launched its new Developing Countries Trading Scheme (DCTS) replacing the UK Generalised Scheme of Preferences system (GSP) was launched and under the scheme, Sri Lanka is eligible for zero tariffs on 92% of products. Over 150 additional products […]

Courtesy The Daily Mirror The Cabinet nod has been granted to install two floating solar plants as a pilot project with 6.83 billion Korean Won funding from the South Korean government. The Minister of Power and Energy Kanchana Wijesekera on Monday sought the approval of the Cabinet of Ministers to sign the discussion paper with […]

Courtesy Daily Mirror The Sri Lankan Rupee (LKR) has depreciated against the US Dollar (USD) today for the third consecutive day, according to the Central Bank. Accordingly, today’s buying rate of USD is Rs. 327.59 while the selling rate is Rs. 344.66. The Rupee has been appreciating against the USD and other major currencies since […]

Manusha Media මැලේසියානු රජය මෙරටට අනුමත කළ රැකියා දසදහසක කෝටාවට අමතර ව මෙරට ආරක්ෂක අංශ සාමාජිකයන් සඳහා අතිරේක රැකියා දසදහසක කෝටාවක් වෙන් කර ඇති බව කම්කරු හා විදේශ රැකියා අමාත්‍ය මනුෂ නානායක්කාර මහතා අද කොළඹ බණ්ඩාරනායක අනුස්මරණ ජාත්‍යන්තර සම්මන්ත්‍රණ ශාලාවේ දී අද (14) ප්‍රකාශ කළේ ය. ඒ විදේශ රැකියා නියෝජිත ආයතන වෙනුවෙන් සම්මාන ප්‍රදානය කිරීමේ […]

Courtesy The Morning Police HQ calls up riot control reserves to the Capitol The Police Department, on Tuesday (14), instructed the relevant officers from regional commands to send the surplus anti-riot equipment kept in storage which are allocated to Police divisions in other districts, to the Police Field Force Headquarters (HQ) in Colombo. The order, […]

BY Buddhika Samaraweera Courtesy The Morning Says inadequate intervention to obtain funds for ballot printing  Government Printer Gangani Liyanage said that since there is no point in participating in discussions with the Election Commission (EC) in a context where the latter does not intervene enough to obtain the necessary funds for the printing of the […]

Courtesy France24 Colombo (AFP) – Sri Lanka deployed armed troops as trade unions crippled hospitals, ports and banks Wednesday to protest against high income taxes imposed as a precondition for a crucial IMF bailout. Schools cancelled term tests and outpatient departments at hospitals closed due to the work stoppage that involved more than 40 trade unions. […]

Courtesy Nikkei Asia Island finds itself short of dollars as it awaits $2.9bn IMF rescue A demonstrator on March 8 shouts at a police officer during a Colombo protest organized by Women for Rights. Sri Lanka is suffering its worst economic crisis since it gained independence from the British in 1948.   © Reuters March 15, […]

Courtesy First Post The process of SRVAs started last year in the month of July when the RBI issued detailed guidelines on cross-border trade transactions in the Indian rupees (INR) Several nations express interest to facilitate international trade in Indian rupee. Representational Image/PTI. New Delhi: Indian rupee is edging closer to becoming an international currency with […]