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Wed, 29 Jun 2022 Today's Paper
28 Jun 2022 - 0 - 474
Clearing the path for a potential reclassification of Sri Lanka’s frontier market status to stand-alone market status, leading global stock indexes provider Morgan Stanley Capital International (MSCI) has reduced potential changes in the MSCI Sri Lanka Indexes amid the deepening equity investment repatriation issues triggered by the on-going foreign exchange crisis.
28 Jun 2022 - 0 - 133
The Sri Lanka Tea Board yesterday announced the appointment of Niraj de Mel as its new Chairman, with effect from June 20, 2022.
28 Jun 2022 - 0 - 1080
Sri Lanka’s export performance in major markets witnessed a strong growth for the month of May, statistics from the Export Development Board (EDB) showed.
28 Jun 2022 - 0 - 115
Sri Lanka saw its export performance for the month of May improve, bringing the total earnings for the first five months of the year to cross the US $ 5 billion mark.
28 Jun 2022 - 0 - 105
As the former Central Bank Governor Ajith Nivard Cabraal implicated his subordinates for supporting the decision to float the rupee on March 7, which pushed the country into hyperinflation and thereby many millions into hunger, the questions are being raised whether the main institute tasked with maintaining price stability in the economy had actually lived up to its key mandate.
28 Jun 2022 - 0 - 54
Russia defaulted on its foreign sovereign bonds for the first time since the Bolshevik revolution, as sweeping sanctions effectively cut the country off from the global financial system and rendered its assets untouchable to many investors.
28 Jun 2022 - 1 - 559
In a bid to promote sustainable finance activities, the Central Bank last week issued fresh guidelines to the banks asking them to consider raising funds via green and sustainable bonds and allocate such funds to either invest in or to fund sustainable activities.
28 Jun 2022 - 0 - 60
The fiscal deficit in the first three months of 2022 expanded by 21.2 percent to Rs.484.3 billion over the same period in 2021, signalling a yet another year of a stretched budget, as the state revenues are falling short in a shrinking economy while the expenses are rising, due to additional finances required to support millions falling into poverty and starvation.
27 Jun 2022 - 0 - 395
Sri Lanka has more people doing nothing than the ones who either engage in a job or at least are seeking employment, the statistics office data showed.
27 Jun 2022 - 0 - 165
Sri Lanka is struggling to secure fresh fuel supplies, a top government minister said yesterday, as the crisis-hit country of 22 million people is down to just 15,000 tons of petrol and diesel to keep essential services running in the coming days.
27 Jun 2022 - 0 - 1447
The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic.
27 Jun 2022 - 0 - 131
Making good on an earlier warning against holding foreign currency, the Central Bank this weekend said the amount of foreign currency one can hold in one’s possession had been brought down to US$ 10,000 from an earlier threshold of US$ 15,000 or equivalent of any other foreign currency.
27 Jun 2022 - 0 - 164
Bank of Ceylon (BOC) is likely to run into capital deficiencies from the losses stemming from foreign currency (FC) denominated government securities after the country defaulted on most of its foreign currency denominated debt in April, according to Fitch Ratings.
27 Jun 2022 - 0 - 3412
People appeared to have cut back on their credit card spending and instead settled their balances after banks raised their rates to 30 percent effective from May as both banks and card users digested the reality of the rising rates in the economy.
27 Jun 2022 - 0 - 148
Despite the prevailing foreign exchange crisis, the government assured that the Sri Lanka Ports Authority (SLPA) has sufficient funds to complete the construction of East Container Terminal (ECT) of Port of Colombo by 2024 as scheduled.
27 Jun 2022 - 0 - 45
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) strengthened the taxation profession in the country further by producing 57 new Certified Tax Advisors (CTA), which is one of the most recognised taxation qualifications in Sri Lanka.
27 Jun 2022 - 0 - 24
As the premier professional body of economists, the Sri Lanka Economic Association (SLEA) recently announced Dr. Gamani Corea Annual Junior Research Awards for Young Economists 2022, a competition to promote a research culture and raise the excellence in economic research in Sri Lanka.
The South Asian Federation of Accountants (SAFA) holds its SAFA SME Development Conference 2022 today, from 3:00 p.m. to 8:00 p.m., via the Zoom platform
27 Jun 2022 - 0 - 32
The Sri Lanka Association of Software Services Companies (SLASSCOM) is currently embarking upon a proud milestone of hosting the SLASSCOM National Ingenuity Awards for the fifth consecutive year on Friday, July 1, 2022, at Shangri-La Hotel.
25 Jun 2022 - 3 - 2875
Key authorities of Sri Lanka Tourism said they are doing “everything possible” and are exploring all avenues to pull the sector towards the positive growth trajectory, an effort that is becoming increasingly challenging as economic conditions worsen in the country.
25 Jun 2022 - 0 - 96
A woman who suffered severe burn injuries from a gas cooker explosion filed a lawsuit before Colombo District Court claiming damages.
25 Jun 2022 - 0 - 235
Melanie Janine Kanaka, FCMA, CGMA, has been elected the 89th President of The Chartered Institute of Management Accountants (CIMA), the world’s largest professional body of management accountants, and is the first-ever Asian woman to become its chief.
25 Jun 2022 - 0 - 66
The Colombo Tea Auction saw approximately 6.0 MnKgs come under the hammer, which is marginally lower to the previous week’s quantity of 6.1 MnKgs.
25 Jun 2022 - 0 - 57
Sri Lanka’s tea production for the month of May 2022 totalled 26.04 M/Kgs, a dip of 16 percent Year-on-Year (YoY).
25 Jun 2022 - 0 - 54
Airbnb, worldwide accommodation leader announced this week its plan to give away US$ 10 million to help finance 100 of the craziest ideas.
25 Jun 2022 - 0 - 45
WSO2 Founder and CEO Dr. Sanjiva Weerawarana recently won the 2022 IEEE TCSVC Research Innovation Award, for outstanding technical innovations in the field of services computing that have had a lasting impact.
25 Jun 2022 - 0 - 43
In an effort to help communities survive the ongoing economic crisis, the worst experienced in Sri Lanka since independence, a UNDP-led private sector giving facility was launched in Colombo this week.
24 Jun 2022 - 25 - 7529
Former Central Bank (CB) Governor Ajith Nivard Cabraal claims that CB has returned to fixing the rupee/dollar exchange rate through the introduction of the so-called ‘guidance’ rate which he views as similar to the fixed rate adopted by the CB under his predecessor Prof.W.D. Lakshman.
24 Jun 2022 - 0 - 195
India’s top diplomat held talks with Sri Lanka’s President and Prime Minister yesterday as India signalled its willingness to go beyond US$ 4 billion in loans, swaps and aid that it has already provided its cash-strapped neighbour.
24 Jun 2022 - 0 - 1089
Sri Lanka stands among the nations that has made little progress in achieving the gender equality target under Sustainable Development Goals by the year 2030, the latest assessment by UN Women revealed.
28 Jun 2022
