IPS Proposals for the Interim Budget
Ahead of the presentation of the Interim Budget, the Institute of Policy Studies of Sri Lanka (IPS) has recommended policy proposals for inclusion in …
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Port City Colombo to represent Sri Lanka at World Cities Summit 2022
CHEC Port City Colombo is representing Sri Lanka at the World Cities Summit 2022 to be held at the Marina Bay Sands, Singapore from the 31st of July …
President emphasizes forming an all-party government to build Sri Lanka
President Ranil Wickramesinghe stated that his objective is to form an all-party government by bringing together all political parties and to …
Political Risks Still Challenge Sri Lanka’s Emergence from Default: Fitch Ratings
The successful formation of a government under the new president, Ranil Wickremesinghe, is an important precondition for resolving Sri Lanka’s debt …
JKH records EBITDA of Rs.13.33 billion in Q1; Resilient performance despite macro challenges
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a …
SLT-Mobitel announces national proposal: Focused on technology and digitally empowered citizens
– SLT-MOBITEL, the leading communication and technology service provider in Sri Lanka announced a national proposal to enhance critical services …
Sri Lanka’s Runaway Inflation and the Limits of Monetary Policy
By Dr Dushni Weerakoon: The bad news on inflation keeps coming. As of June 2022, year-on-year (YOY) inflation nationally is …
Blockchain platform SORA announced launch XOR currency in Sri Lanka
XOR - a blockchain-based currency under SORA - a blockchain-platform that holds XOR (the currency code for the cryptocurrency SORA) announced the …
Diplomat Podcast: Economist Dr. Ganeshan Wignaraja on SL economic crisis
July 25, 2022 (LBO) - Former Executive Director of the Lakshman Kadirgamar Institute Dr. Ganeshan Wignaraja gave a comprehensive analysis of Sri …
Ceylon Chamber Congratulates New President & Highlights Key Priorities
The Chairman of the Ceylon Chamber of Commerce, congratulating the new President of Sri Lanka through a letter, has highlighted key areas that …
Parliament elects Ranil Wickremesinghe as Succeeding President of Sri Lanka
Parliament on Wednesday elected Ranil Wickremesinghe as the Succeeding President by the votes of the Members of Parliament. Accordingly, Ranil …
Invest to progress, not to regress: bridging the infrastructure gaps in Sri Lanka
By : Tiffahny Hoole and Janani Wanigaratne Sri Lanka is going through a crisis of a magnitude that has never been witnessed in its economic history. …
Sri Lanka’s Deepening Economic Crisis: The Plight of the Poor
By Lakshila Wanigasinghe: Empty supermarket shelves, endless queues to buy essentials and overnight camping around fuel stations are now regular …
Sri Lanka introduces QR-based National Fuel Pass to manage fuel usage
The Ministry of Power & Energy today introduced the National Fuel Pass allowing the general public to purchase a guaranteed quota of fuel per …
IMF expects to resume discussions with Sri Lanka as soon as possible
The International Monetary Fund says that they are hoping for a resolution of the current turmoil in Sri Lanka in order to resume the discussions on …
Prime Minister Ranil Wickremesinghe sworn in as Acting President of Sri Lanka
Prime Minister Ranil Wickremesinghe was sworn in as Sri Lanka's interim President on Friday until Parliament elects a successor to Gotabaya …
Sri Lanka President steps down officially
Sri Lanka's Parliamentary Speaker Mahinda Yapa Abeywardena said President Gotabaya Rajapaksa has officially stepped down from his post. He made the …
Fitch Ratings: Non-European emerging markets vulnerable to EU growth shock
A recession in Europe, which is becoming more likely, would increase external strains and growth challenges for some vulnerable non-European …
CCC urges immediate resignation of President & calls upon all parties to support constitutional process to resolve crisis
The Ceylon Chamber of Commerce notes with dismay that the President has not submitted his letter of resignation to the Speaker on 13th July as …
Business as usual at Hambantota Port despite current fuel crisis in Sri Lanka
Operations at the Hambantota International Port (HIP) from port services, marine services, energy hub, Port Industrial Park and Integrated logistics …
Investors continue to cash in on the Sri Lankan apparel sector’s resilience
Investors are cashing in on the strong prospects of Sri Lanka’s apparel and textile exports sector, the country’s main export industry, which …
Fitch maintains People’s Bank, Commercial Bank & HNB’s National Ratings on Watch Negative
Fitch Ratings has maintained People's Bank's National Long-Term Rating of 'AA-(lka)' on Rating Watch Negative. The rating agency has also maintained …
President’s messages only through Speaker: Presidential Secretariat
All messages issued by President Gotabaya Rajapaksa will be released by the Speaker after the information is given to him by the President, the …
CBEOU requests all political parties to ensure that there is no anarchy in Sri Lanka
Central Bank Executive Officers' Union (CBEOU) expressed its fullest support to the people's movement against the futile regime, which should be …