• Wed. Mar 27th, 2024

Month: March 2022

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  • UN report reveals barriers that restrict Sri Lankan workplaces from recruiting women

UN report reveals barriers that restrict Sri Lankan workplaces from recruiting women

 In Sri Lanka, women are denied equal access to the jobs market not just because of family or social factors, but also by employers. This is the focus of a…

ForEX IMpossible Seminar by SLMBC Offers Economic Insights on Forex Crisis

Offering deep insights into the realities of the current Foreign Exchange crisis as well as informed projections on future trends, was the focus of a seminar organized recently by the…

IMF report says Sri Lanka is facing a Clear Solvency problem

Sri Lanka faces “solvency” issues because of risks stemming from unsustainable debt levels that jeopardize the nation’s economy, according to International Monetary Fund staff. “Based on staff analysis, the fiscal…

Proposed train fare hike temporarily blocked

The proposed train fare hike which was to be in effect from midnight Thursday (24) has been temporarily blocked by the Transport Ministry. According to the Transport Minister, Dilum Amunugama,…

From Crisis to Inclusive Economic Growth in Sri Lanka

By Faris Hadad-Zervos. World Bank and Hans Timmer Sri Lanka has managed the health and safety aspects of the COVID-19 pandemic in a commendable way.  The nation has been and…

Watawala Plantations to acquire cattle fodder growing firm Moragoda Agro Services for Rs.88.5 million

Watawala Plantations PLC has entered into a share sale and purchase agreement on 21st Marchwith Aruna Moragoda, who owns a 100% stake in Moragoda Agro Services (Pvt) Ltd for Rs.88.5…

Sri Lanka’s National inflation accelerates at alarming levels in February

Sri Lanka’s National inflation measured by the national Consumer Price Index (NCPI) accelerated to its highest levels since 2015 17.5 percent on a Year-on-Year basis in February 2022, the Department…

U.S. Under Secretary of State for Political Affairs Victoria Nuland Travels to Colombo for Bilateral Talks

The United States’ Under Secretary of State for Political Affairs Victoria Nuland arrived in Colombo with an interagency delegation for meetings with the Government of Sri Lanka, as well as…

35,000 Metric Tonnes of Diesel arrive from India

A shipment worth 35,000 Metric Tonnes of diesel from India arrived this morning. This is the first diesel shipment purchased under the Credit Line obtained from India. According to the…

In cash-strapped Sri Lanka, two men die waiting in queue for fuel

At least two people have died in Sri Lanka while waiting in long queues for fuel, officials say, as widespread shortages and sky-rocketing prices cause misery and hardship across the…