Sri Lanka identifies 7 key items to import from India
Crisis-ridden Sri Lanka has identified seven classes of products, aside from petroleum, to be imported from India this year under credit facilities, according to Indian media reports. The product classes…
Sri Lankan shares jump as Expolanka, LOCL surge
Sri Lankan shares extended sharp gains for a second straight session on Thursday, as beaten-down heavyweight industrial and financial stocks surged. The CSE All-Share index closed 4.55% higher at 7,611.43.…
Hike taxes to address debt woes, IMF urges crisis-hit Sri Lanka
Sri Lanka must tighten monetary policy and raise taxes to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday, even as Lanka’s President Gotabaya Rajapaksa and the cabinet…
U.S. Ambassador Julie J. Chung Visits the North
U.S. Ambassador Julie J. Chung visited Jaffna from April 24 to 27 in her initial trip to northern Sri Lanka as Ambassador. “It was essential to me to visit…
World Bank agrees to provide $600 million in financial aid for crisis-hit Sri Lanka
The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to meet payment requirements for essential imports, according to Sri Lankan president’s media division said.…
Sri Lanka begins talks with China on refinancing debt
(Reuters) – Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades. China…
In Tackling the Current Crisis In Sri Lanka, Put Children’s Needs First – UNICEF
Op-Ed by UNICEF Sri Lanka Article 3(1) of the United Nations Convention on the Rights of the Child (CRC)states that, “ln all actions concerning children the best interest of the…
Expected fuel stocks to end long queues at filling stations
The fuel stocks expected to arrive within the next three days will gradually end the long queues at filling stations around the country, the Ministry of Power and Energy said.…
COPE seeks CID to investigate officials’ claims on lost financial data of Building Materials Corporation due to software glitch
State-Owned Building Materials Corporation (BMC) has failed to prepare financial statements since 2016, Committee on Public Enterprises (COPE) revealed. This was revealed at the COPE meeting chaired by Prof. Charitha Herath…
Conrad Dias takes the helm at Sri Lanka’s largest NBFI, LOLC Finance
Conrad Dias, the previous Chief Executive Officer of LOLC Finance PLC assumed duties as the Non-Executive Chairman of LOLC Finance PLC. In alignment with the financial sector consolidation plan of…