State-owned gem industry institutes to merge under SOE reforms
The Sri Lanka government is to expeditiously explore the export potential of gems and jewelry by consolidating the Gem and Jewellery Research and Training Institute and National Gem and Jewellery Authority which are not performing up to expectations at present, Finance Ministry sources confirmed.
Chairman of STC leaves for India to inquire on delay in egg imports
The Chairman of the Sri Lanka State Trading Corporation (STC) has reportedly left for India in order to inquire into the delay in the stock of eggs Sri Lanka was due to receive from India.
India extends support for text books investment in Sri Lanka’s future
A concessional Credit Facility of US$1 billion was extended to the Government of Sri Lanka by the Government of India in March 2022 for supply of essential items including food, fuel, medicines, industrial raw materials etc.
One of Silicon Valley’s top banks fails; assets are seized
Regulators rushed Friday to seize the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.
Standard Chartered provides insights on global and Sri Lankan economic outlook
Sri Lanka, March 11 -- From left: Standard Chartered Sri Lanka CEO Bingumal Thewarathanthri, Global Head Fixed Income Research and Head Asia Research Kaushik Rudra, Economist South Asia Saurav Anand and Head of ASA FX Research Divya Devesh
Third person dies after crush at US GloRilla show
Athird person has died from the crush that broke out at a New York concert by rap star GloRilla on Sunday, police have confirmed.
Why Bill Gates's Daughter Is Unhappy with Netizens Who Troll Her Relationship with Black Man
The youngest daughter of Microsoft co-founder Bill Gates and philanthropist Melinda French Gates is dating a black man and has called out people trolling her relationship.
Structural irregularities of the Export Credit Insurance Corporation exposed,
The Committee on Public Enterprises (COPE) expressed its dissatisfaction to the Sri Lanka Export Credit Insurance Corporation, expressed its absolute displeasure over management and structural irregularities of the institution.
Rubber lots at the Colombo auction go entirely unsold
For the first time in history, the lots at the Colombo rubber auction went entirely unsold this week.
Sri Lanka to unveil debt-restructuring strategy next month
Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors ahead of an International Monetary Fund review of a bailout package in six months, Central Bank Governor Nandalal Weerasinghe said.
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Sri Lanka needs institutional changes for debt sustainability:economic expert
Sri Lanka needs institutional reforms in order to achieve long-term debt sustainability, said Steve Hanke, who played a key role in establishing new currency regimes in emerging markets like Argentina and Montenegro.
Sensitive info of state owned websites leaked?
Sensitive information of two Sri Lankan state websites were claimed to have been leaked to a hacker forum last week, according to a cyber threat intelligence platform FalconFeeds.io.
China sees the ‘necessity of fair burden-sharing’
While confirming that the Export-Import Bank of China, as the official bilateral creditor, provided a financing support document to Sri Lanka, China on Wednesday reiterated that it sees the ‘necessity of fair burden-sharing’ when it comes to Sri Lanka’s debt restructuring.
Sri Lanka out for 355 after stubborn tail foils New Zealand
Sri Lanka were all out for 355 in the first innings against New Zealand on Friday after their last four wickets added 50 runs on the second morning of the first Test.