Dollars stashed finding their way back to market– CB
The Central Bank said it was overserving a trend where large amounts of foreign currency, which had been stashed away, now being released, further increasing the supply of dollars to the market and thereby strengthening the rupee.
Govt to receive IMF US$ 2.9 billion bail out loan with bilateral debt restructure
Sri Lanka’s central bank has raised interest rates to tackle inflation and said it would relax its currency band to move towards a market-determined exchange rate as it seeks to secure a bailout from the International Monetary Fund.
SL’s northern fishermen ‘fiercely oppose’ to issue license to Indian fishermen
Sri Lanka’s northern fishermen on Sunday said they “fiercely oppose” the government’s plan to issue licenses to Indian fishermen to enter Sri Lankan waters, terming the move a “serious setback” to their nearly 15-year-long struggle.
CEB completes basic financial aspects of its restructuring process
The Ceylon Electricity Board (CEB) has taken measures to inform the higher management of the CEB regarding its restructuring programme, and to obtain their suggestions.
Conduct LG polls before March 20: Opposition parties write to EC
Claiming that there was no reason for the Elections Commission to consult the Treasury Secretary or anyone else as they are bound to comply with the interim order issued by the Supreme Court, the opposition political parties representing Parliament requested the Elections Commission to re-fix the date of the LG polls before March 20, 2023.
Sri Lanka’s Sandani Peiris clinches 2nd runner-up at Top Model of the World 2023
Sri Lanka's model Sandani Peiris won the 2nd Runner-up title at the Top Model Of The World event held at the Sunrise White Hills Resort, at Sharm el Sheikh in Egypt.
SL players determined to bring cheer to the nation: Chris Silverwood
Sri Lanka head coach Chris Silverwood said on Saturday that his team will be determined to fight out and give a good shot at reaching the final of the World Test Championship as they prepare for the 2-Test series in New Zealand.
18 Hairpin Bends on the Kandy, Mahiyanganaya main road closed
The Mahiyanganaya-Kandy main road near the 14th of the 18 Hairpin Bends (18 Wanguwa) in the Hasalaka police area had been temporarily closed due to an earthslip due to bad weather conditions, police said.
CB to do away with forex trading band, mandatory sell down rule
As the liquidity in the foreign exchange market is improving steadily, the Central Bank said it would fully lift the trading band introduced in last May along with the complete removal of the foreign currency sell-down rule imposed on exporters from next week onwards.
Execute plan to revive Trincomalee Oil Tank Farm swiftly: RW directs Kanchana
President Ranil Wickremesinghe directed the petroleum minister and officials to swiftly carry out a plan to revive the Trincomalee oil tank farm and incorporate it into the country's economy, President's Media Division said.
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Government introduces a new registration fee hike of private security firms
The Government has issued an extraordinary Gazette notification increasing the fees charged for the registration of private security firms.
Sri Lanka to attract young Indian travelers in a big way
In an attempt to penetrate the US $ 10 billion travel market of India, Dentsu Grant Group together with the Sri Lanka Association of Inbound Tour Operators (SLAITO) and The Hotels Association of Sri Lanka (THASL) launched an integrated campaign – ‘And you thought you knew Sri Lanka’.
Alleged illegal arrest of a Lawyer: SC grants leave to proceed with FR petition
The Supreme Court has granted leave to proceed with a Fundamental Rights petition filed by a lawyer who sought a declaration that his arrest by CID was illegal and in violation of his fundamental rights.
Announcing new date for LG polls delayed to next week
The new date for the Local Government elections would be announced before March 9, the Elections Commission announced today.