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Tuesday September 21st, 2021

How Sri Lanka's IMF-backed 'Young Plan' fired a foreign debt death spiral: Bellwether

In all years with inflationary policy, debt after foreign reserves went up


18 min read

Sri Lanka explores green bonds for renewable energy, organic fertilizers: Jayasundera

There are so many inquiries and proposals are being put forward to raise money from green bonds

2 min read

Sri Lanka GDP grows 12.3-pct in June 2021 quarter

Recovers from a 16.4-pct fall last year

2 min read

Sri Lanka's re-appointed CB chief will tackle external challenges: P B Jayasundera

It also needs much more experienced person to manage the prevailing challenges

3 min read

Sri Lanka fails to sell 50-pct of yield controlled bill auction

No market demand for 6 or 12 month bills, where the price control is barely above the overnight rate

1 min read

Long COVID: Sri Lanka expert warns of multisystem inflammatory syndrome onset

Patients whose organs are affected must be thoroughly examined and treated accordingly, he said.

Chanka Jayasinghe

4 min read

Sri Lanka stocks rise for second day on hopes over Cabraal fixing forex woes

“The market hopes Cabraal can fix the forex and exchange rate issue."

2 min read

Sri Lanka CB to guide markets, use tools mindful of repercussions: Governor Cabraal

I think we would from now onwards take the lead in providing guidance to markets

3 min read

Sri Lanka prisons minister resigns after opposition MPs demand removal, legal action

Earlier on Wednesday, the opposition Tamil National Alliance (TNA) Ratwatte's removal and arrest over the allegations.

3 min read

Sri Lankan novelist's 'A Passage North' shortlisted for 2021 Booker Prize

The book was previously long listed for the same prize.

1 min read

Sri Lanka new CB Governor says will push for stability, consult business

A policy package in the form of a short-term Road Map soon

2 min read

Sri Lanka's Tess Agro eyes funds from Swiss firm to make tin cans

Food storing cans to be exported

1 min read

Sri Lanka opposition calls for legal action, sacking, of prisons minister

The TNA called for an immediate inquiry to be followed by charges filed against the state minister.

3 min read

Sri Lanka denies 5-pct tax on wage earner tax after 1-pct tax on undeclared funds

Not discussed in cabinet

1 min read

Sri Lanka spends US$225.5mn to defend non-credible peg in July

Another US$49.5mn was bought amid a surrender requirement

4 min read

Sri Lanka 'fingers crossed' for investment, rise in remittance, tourism: Minister Pathirana

We keep our fingers crossed and we are looking forward to receiving some investments also and foreign remittances'

3 min read

Booster shot for Sri Lankan migrant workers: health ministry decision pending

The SLFEB has submitted the request and it is up to the health ministry to see it through, an official said.

Mahadiya Hamza

2 min read

Sri Lanka ruling party local govt member disqualified in landmark verdict

The Right to Information (RTI) act had also proved helpful in acquiring information to secure the verdict, he said.

2 min read

Sri Lanka stocks recover in thin trade; foreigners leave

Sri Lanka stocks bounced back and ended 1.82 percent up on Tuesday

2 min read

Sri Lanka sticks to domestic mechanism; says UN probe will polarise country

“This will polarise our society, as we experienced with Resolution 30/1,” the foreign minister said.

3 min read