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Friday, 22 Oct 2021


Issues and Opinions

Israel Aerospace Industries reactivates Sri LankanAir force Kfir fleet

2021-07-20 07:07:00

Israel Aerospace Industries (IAI) recently signed a contract, worth USD $50 million with Sri Lanka’s Ministry of Defense to upgrade Kfir aircraft for the Sri Lankan Air Force, IAI announced...


Sri Lanka establishes submarine cable protection framework

2021-07-20 07:07:00

Sri Lanka has established a submarine cable protection and resilience framework, the Foreign Ministry said...


Current financial situation becomes bristle making IMF only hope

2021-07-20 07:04:00

Sri Lanka’s current financial situation was bristling even before the Covid -19 has thrown its third blow on the country and it has to seek more aid from its strategic ally China economic experts suggested...


LAUGFS and Litro merger to become public money wasting venture

2021-06-01 07:15:00

The Government’s plan to merge LAUGFS Gas and the state-owned Litro Gas Company under one banner will lead towards injecting public money in a wasteful Public –Private Partnership to rescue financially ailing LAUGFS Gas, financial analysts said...


Sri Lanka popularises Cinnamon in Oman after exploring Vietnam market

2021-05-29 07:23:00

Sri Lanka is to popularise Cinnamon in Oman following its successful campaign in Vietnam some times back amidst its struggle to get Geographical Indication (GI) for that particular product...


EU provides emergency relief to flood victims in Sri Lanka

2021-05-29 07:22:00

Following the devastating floods which struck Sri Lanka in mid-May, the European Commission is providing €80,000 (close to 19.5 million Sri Lankan rupees) in humanitarian funding for emergency assistance...


Organic fertiliser import to pacify angry framer demands

2021-05-29 07:20:00

At a time where where the country is moving towards a severe food shortage as a result of fertiliser shortage following the sudden ban on chemical fertiliser imports, government is now planning to import organic fertiliser on a hasty direction of the President...


Foreign currency transaction monitoring system gets underway

2021-05-18 07:37:00

Sri Lanka will be implementing a comprehensive cross border and foreign currency transactions monitoring system through licenced banks to assist migrant workers on the continuation of their remittances from overseas...


MBSL marks strong turnaround in 1Q

2021-05-18 07:37:00

The Merchant Bank of Sri Lanka and Finance PLC (MBSL) a subsidiart of Bank of Ceylon has made a strong turnaround by posting a profit during one of the worst-affected periods in recent history demonstrating its ability and resilience to overcome obstacles...


Passenger transportation subdues in Covid-19 mobility restrictions

2021-05-18 07:35:00

Road passenger transportation in Sri Lanka has recorded a subdued performance in terms of both public and private sector transport operations due to the imposition of COVID-19 related mobility restrictions. Central Bank data showed...


Does SL need BOI to encourage enterprises?

2021-05-18 07:33:00

The Board of Investment (BOI) is now completely out of target in attracting Foreign Direct Investment confining its operations to encourage BOI enterprises to carry out their businesses, economic experts warned...


Com Bank becomes Sri Lanka’s first carbon – neutral bank

2021-04-28 07:26:00

The Commercial Bank of Ceylon has become the first Sri Lankan bank to achieve carbon neutrality for the entirety of its operations, encompassing all 268 branches and its head office – a monumental milestone in the Bank’s commitment to the environment...


Edible oil firms shut production while planters cry foul over uprooting plantations

2021-04-28 07:23:00

Palm oil importers and producers along with oil palm cultivators suffered a major blow as Sri Lanka banned imports of the world’s most-consumed cooking oil and ordered to get rid of all the tropical trees in the country in phased manner...


W B predicts economic recovery for Sri Lanka despite challenges

2021-04-11 07:39:00

The World Bank predicts that Sri Lanka’s economy will recover this year even amidst challenges...


Sri Lankan rupee goes down the drain with foreign currency swaps

2021-04-11 07:37:00

A significant depreciation pressure on the Sri Lankan rupee was observed since the dates of entering into Currency swap agreements with India and China...


Mahapola Trust Fund‘s corrupt practices exposed

2021-04-11 07:33:00

Mahapola Higher Education Scholarship Trust Fund, has been involved in several malpractices in investing money of the fund without proper accountability, parliamentary committee report revealed...


Importation of Motor Cars can add to the forex burden

2021-04-04 07:19:00

Vehicle Importers’ Association of Sri Lanka are shouting that the import ban is doing more harm than good for the Government in terms of revenue. This is somewhat true. The government decision to ban imports of what it termed “non-essential” items was taken to limit the foreign exchange outflow in order to meet our debt obligations and keep the currency stable...


Exchange Rates CBSL 25.03.2021

2021-03-25 07:28:00

Exchange Rates CBSL 25.03.2021..


Government vows to maintain the present tax regime stable for 5 years

2021-03-25 07:21:00

Sri Lanka’s tax regime will be maintained stable at the present level in the next five years without undergoing any changes, Presidential Secretary Dr. P.B. Jayasundara has vowed sternly...


Nivard says doomsayers will be disappointed again

2021-02-23 07:24:00

Money, Capital Markets and Public Enterprises Reform State Minister Nivard Cabraal declared yesterday that doomsayers of Sri Lanka will be disappointed when the country honours its foreign debt repayment track record...