27.1 C
Colombo
Tuesday, May 24, 2022

CATEGORY

Business

Regular trading at CSE temporarily halted twice today

The Colombo Stock Exchange (CSE) temporarily halted its regular trading session for the second time today (April 26) as the S&P SL20 Index dropped...

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF)...

COPE recommends postponement of aircraft procurement process for three months

Committee on Public Enterprises (COPE) Chairman (Prof.) Charitha Herath yesterday (25) recommended to SriLankan Airlines to postpone the procurement process of leasing 21 aircraft...

Minister refutes social media reports on fuel price hike

Power and Energy Minister Kanchana Wijesekera refuted news reports circulating in social media of a fuel price increase soon. “There is no truth in the...

IMF will support Sri Lanka overcome crisis – MD Georgieva

The IMF team will support Sri Lanka’s efforts to overcome the current economic crisis by working closely with the authorities on their economic program,...

China Must Be Treated as Equal Sri Lanka Creditor, India Says

Bloomberg - China must be treated just like any other creditor once talks begin to restructure Sri Lanka’s debt, India’s Finance Minister Nirmala Sitharaman...

Tourism loses US$ 1bn revenue due to protests

Sri Lanka has lost over US Dollars one billion revenue to the tourism sector due to the ongoing protest at Galle Face and unrest...

India extends duration of US$ 400 mn currency swap facility with Sri Lanka

In an unstinted and multi-faceted support” to Sri Lanka which is grappling with its worst-ever economic crisis, India has extended the duration of the...

Sri Lanka gets another diesel shipment under Indian credit line

Sri Lanka has received another consignment of 40,000 metric tonnes of diesel, procured under the Indian credit line. The shipment arrived in on the island...

USD selling rate jumps to Rs. 340 at several banks

Several licensed commercial banks in Sri Lanka have declared their selling rate of US dollar at Rs. 340 today (April 18). The selling rate of...

Latest news