SEC directs CSE to temporarily close stock market; CCC requests SEC to reconsider decision
The Ceylon Chamber of Commerce requests the Chairman of the Securities and Exchange Commission to reconsider the decision to direct the CSE to …
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BASL calls upon Govt to desist from taking any steps to disrupt peaceful protests
The Bar Association of Sri Lanka (BASL) calls upon the Government to desist from taking any steps whatsoever to disrupt what is a legitimate exercise …
Fitch downgrades Sri Lanka to ‘C’
Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on …
Shamindra Marcelline receives CEO of the year 2022 award
Shamindra Marcelline, Chief Executive Officer of People’s Leasing & Finance has been bestowed with the award ‘CEO of the Year 2022’ …
Sri Lanka suspends normal debt servicing; announces interim policy on servicing external debt
Sri Lanka's government has suspended the normal debt servicing of all affected debts, for an interim period pending an orderly and consensual …
How is an economic crisis affecting people?
People across Sri Lanka are struggling to get hold of daily essentials as the country faces its worst economic crisis in decades. Sri Lanka is mired …
Sanjeeva Jayawardena & Ranee Jayamaha to continue to serve on Monetary Board: CB Governor
President’s Counsel Sanjeeva Jayawardena and Dr. Ranee Jayamaha, appointed members of the Monetary Board, have acceded to continue to serve on the …
Technical negotiation with IMF started; RFPs to be called to appoint advisors for debt restructuring
Sri Lanka's Central Bank has already started technical negotiations with the International Monetary Fund for an IMF program and appointing financial …
Central Bank significantly tightens its monetary policy; decides to increase SDFR & SLFR by 700bps
The Monetary Board of the Central Bank at its meeting held today has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing …
MP should declare assets, have age limits: Tharaka Balasuriya tells Paliament
Sri Lanka Podujana Peramuna (SLPP) Parliamentarian and State Minister of Regional Co-operation Tharaka Balasuriya says all parliamentarians should …
Ready to join interim government on condition of rebuilding economy: SJB tells government
Samagi Jana Balawege MP Eran Wickremaratne stated in Parliament today that if the Prime Minister agrees to the proposal to abolish the executive …
Nandalal Weerasinghe appointed as CBSL Governor; K M M Siriwardena new Finance Ministry Secretary
Dr. Nandalal Weerasinghe was appointed as the Governor of the Central Bank of Sri Lanka while K.M.M. Siriwardena was appointed as the new Secretary …
Sri Lanka’s official reserves down to USD 1.94bn in March
Sri Lanka’s official reserve assets were 1.9 billion US dollars (USD 1,939mn) by the end of March, further down from 2.3 billion US dollars in …
Presidential Advisory Group appointed to guide officials engaging with IMF
The President has appointed a team of eminent economic and fiscal experts as Members of the Presidential Advisory Group on Multilateral Engagement …
JAAF demands immediate solutions, end to Government’s procrastination
In a recent statement, the apparel industry has urged all stakeholders to put aside differences and work together to resolve the current crisis, …
Bangladesh corporate sector ready to expand economic cooperation with Sri Lanka
Sri Lanka High Commissioner to Bangladesh said that profound historical and cultural relations have lasted between Sri Lanka and Bangladesh and it is …
ADB forecasts SL’s economic growth to dip to 2.4-pct in 2022
The Asian Development Bank’s (ADB) annual flagship economic publication forecasts a muted recovery from the coronavirus disease (COVID19) pandemic …
The Tea Industry in a State of Disturbance – Colombo Tea Traders’ Association
The Colombo Tea Traders’ Association established in 1894 is the apex private sector body comprising of all Stakeholders namely Growers, …
CA Sri Lanka calls upon all political parties to urgently appoint a team to negotiate with IMF
CA Sri Lanka urges the government, in consultation with all political parties, to formulate a plan, including engagement with the International …
Korea doubles its employment quota for Sri Lankan migrant workers
Minister for Government Policy Coordination of the Republic of Korea, Koo Yun-cheol, who is on an official visit to Sri Lanka, called on the Minister …
The people’s power can no longer be contained by the chains of corruption: Transparency International
Transparency International Sri Lanka (TISL) calls for the current administration to bow to the will of the people. Releasing a statement, the TISL …
Four ministers appointed to maintain affairs of Parliament and other functions
President Gotabaya Rajapaksa today (04) appointed four Ministers to maintain the affairs of the Parliament and other functions of the country …
Anti-government protests continue in Sri Lanka
Mass protests demanding the resignation of the government are being held across Sri Lanka amid a worsening economic crisis. Sri Lankan migrants in …
President invites all political parties to accept ministerial portfolios
President Gotabaya Rajapaksa invited all political parties to come together to find solutions to the ongoing national crisis. The current crisis is a …