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Outstanding credit card balance has dipped by a little in October in a dual sign that banks may be tightening their credit card standards while consumers are also pulling back on their spending without....
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As Sri Lanka is currently witnessing a long awaited revival in its thrice-battered tourism industry, the country saw the earnings from the trade surpassing US$ 100 million in November after languishing for months since the economy collapsed early this year sparking country wide protests which caused political and social mayhem.
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The Paris Club creditor states, which place equal burdens on the wealthy global north and the emerging global south, are proposing a ten-year moratorium on Sri Lanka’s debt and another 15 years of debt restructuring as a formula to resolve the island nation’s current financial crisis.
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Sports Minister Roshan Ranasinghe has appointed a six-member Fact Finding Committee to inquire not only about the players’ behaviour during the T20 World Cup in Australia but also to ascertain whether officials showed ’’real concerns’’ for the team members.
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The Colombo High Court has issued an open warrant for the arrest of former Galle Magistrate D.S. Merinchiarachchi for not appearing in court after she was found guilty of committing offences in 2000 while serving as the Galle Magistrate.