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New regulations for microfinance: Mangala

Views - 1501 Friday, 8 June 2018 00:00

The Government has decided to absorb the interest of microfinance loans less than Rs. 150, 000 extended by errant microfinance companies

National Evaluation Policy to modernise State planning

Views - 883 Thursday, 7 June 2018 00:00

By Ashwin Hemmathagama - Our Lobby Correspondent The Government is to introduce a National Evaluation Policy in July to improve independent monitoring of policy implementation and set standards for project assessment at State level, Prime Minister Ra

First five months’ tourist arrivals cross 1 m mark

Views - 995 Wednesday, 6 June 2018 00:00

Tourist arrivals during the first five months exceeded one million, reflecting a 14.7% growth, while May saw a 6.2% growth

EDB eyes $17.4b export revenue

Views - 879 Tuesday, 5 June 2018 00:39

By Charumini de Silva Notwithstanding the global trade decline and sanctions, Sri Lanka has set an ambitious export earning target of $17.4 billion by the end of this year, with 29% of the total target being achieved in the first four months. Accordi

IMF funding tops $ 1 b mark in reforming SL

Views - 803 Monday, 4 June 2018 01:13

Support from the International Monetary Fund (IMF) to Sri Lanka has crossed the $ 1 billion mark under its ongoing program based on the success of key reforms, a course which it wants the Government to continue.

Govt. to write-off microfinance loans of drought-affected farmers

Views - 473 Saturday, 2 June 2018 00:38

The Government has made a decision to write off microfinance debt in regions affected by drought last year in an effort to provide relief to thousands of farmers struggling after poor harvests.

Exports grow 7.7% to $ 2.9 b in 1Q

Views - 712 Friday, 1 June 2018 00:00

A 10.5% increase in industrial exports pushed up overall March exports by 6.3% to $ 1.1 billion, helping to bring the trade

BOI’s SWIFT to fast track investment approvals

Views - 1406 Thursday, 31 May 2018 00:00

By Charumini de Silva The Board of Investment of Sri Lanka (BOI) yesterday launched a web portal to streamline and fast track the investment approval process by interconnecting the first six line agencies under a single window virtual platform. BOI,

PickMe gathers pace

Views - 8116 Wednesday, 30 May 2018 02:03

Digital Mobility Solutions Lanka Ltd., which operates PickMe, has completed Rs. 1 billion in cumulative capital-raising recently with the infusion of the biggest chunk worth Rs. 693 million, which will be utilised to venture into high potential food

PM outlines plans for North

Views - 1376 Tuesday, 29 May 2018 00:07

Prime Minister Ranil Wickremesinghe yesterday focused on the need to link the Northern Province with southern development corridors to develop its economy focusing on agriculture, fishing, tourism and manufacturing. Wickremesinghe speaking in Kilino

Govt. goes for $ 1 b, 8-year syndicated loan from China Dev. Bank

Views - 1242 Monday, 28 May 2018 00:00

Reuters: Sri Lanka has accepted an eight-year China Development Bank $ 1 billion syndicated loan to repay loans maturing this year, two top Finance Ministry officials said on Friday.

JVP jigsaw to President, PM

Views - 371 Saturday, 26 May 2018 00:25

The 20th Amendment to the Constitution, presented by the JVP, will be sent by Parliament to the Attorney General and the Prime Minister.

PM bets on UNP’s democratic credentials

Views - 998 Friday, 25 May 2018 00:00

A revamped United National Party (UNP) complete with younger office bearers is likely to be announced after the Executive Committee

China strongly committed to helping Sri Lanka become prosperous: Envoy

Views - 1368 Thursday, 24 May 2018 01:09

China yesterday expressed stronger commitment to help Sri Lanka realise its goal to become a prosperous country, allaying fears over growing engagement and stating it has to do with gratitude and cooperation, and not ulterior motives. “China and S

Milestone marks from Mangala

Views - 1182 Wednesday, 23 May 2018 00:00

Marking his first year, Finance Minister Mangala Samaraweera yesterday assured that the macroeconomic stabilisation

Hayleys first listed firm to cross $1b turnover

Views - 2639 Tuesday, 22 May 2018 00:08

Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate Hayleys PLC announced a record breaking top-line performance, as revenue expanded by 47% Year-on-Year to Rs. 163.2 billion dur

National interest in front and centre when negotiating FTAs: Malik

Views - 569 Monday, 21 May 2018 00:42

Dismissing criticism, Development Strategies and International Trade Minister Malik Samarawickrama last week emphasised that the Government had put national interest “front and centre” when negotiating Free Trade Agreements.

No job losses from FTAs: PM

Views - 940 Saturday, 19 May 2018 00:15

Prime Minister Ranil Wickremesinghe, yesterday, assured that no professionals would lose their jobs as a result of any Free Trade Agreements (FTAs) signed by the Government, and if problems are presented, officials would engage to resolve them.

Rs. 2 b SL-US dairy project to double milk production

Views - 1761 Friday, 18 May 2018 00:00

A Rs. 2 billion initiative to double Sri Lanka’s dairy production kicked off yesterday with Prime Minister Ranil Wickremesinghe

Immigration key catalyst for development

Views - 1372 Thursday, 17 May 2018 00:33

By Uditha Jayasinghe Reforming immigration law to allow free movement of people through progressive laws could tackle Sri Lanka’s chronic economic challenges of narrow exports, low Foreign Direct Investment (FDI) and limited innovation, a top expe

Primary industries to the fore

Views - 916 Wednesday, 16 May 2018 00:00

Bringing the Government’s ambitious agriculture modernisation program to the fore, Prime Minister Ranil Wickremesinghe

China nod for $1.1 b Central Expressway loan

Views - 1755 Tuesday, 15 May 2018 00:46

China’s Ambassador Cheng Xueyuan during a meeting with Prime Minister Ranil Wickeremesinghe yesterday has assured the Chinese Government had approved the $1.1 billion loan for the construction of the first phase of the Central Expressway, the Prime

Presidential-aspirant Gota gets going on Vision 2030

Views - 8085 Monday, 14 May 2018 01:02

Former Defence Secretary Gotabaya Rajapaksa, who is widely speculated to be a 2019 presidential candidate, yesterday unveiled his vision 2030 for Sri Lanka, promising to transform the economy with futuristic policies and measures but more importantly

Rates steady to hold inflation: CB

Views - 406 Saturday, 12 May 2018 00:41

Central Bank yesterday decided to keep policy rates unchanged to hold inflation steady following the implementation of a transparent fuel pricing formula by the Government on Thursday (10 May) and price increases on milk powder and LPG, leading to a

Fuelling hikes!

Views - 1444 Friday, 11 May 2018 00:00

Fuel prices were hiked yesterday in tandem with global spikes with the Government deciding to opt for a bi-monthly

CB Chief tells global equity investors time to focus on SL

Views - 989 Thursday, 10 May 2018 00:41

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday invited foreign equity investors to focus on Sri Lanka as prospects look better, with a framework for strengthening the economy in motion following stabilisation measures undertaken.

Lack of political maturity cause of Unity Government discord: President

Views - 242 Wednesday, 9 May 2018 00:00

President Maithripala Sirisena in Parliament yesterday said that the Unity Government had failed to attain political maturity

Sirisena rules out retirement in 2020

Views - 473 Tuesday, 8 May 2018 00:29

President Maithripala Sirisena yesterday ruled out stepping down from politics in 2020, insisting he would convert the Sri Lanka Freedom Party (SLFP) into a people-centric entity capable of fighting corruption and effectively deliver the expectations

Full steam ahead for trade deals

Views - 1054 Saturday, 5 May 2018 00:20

Stepping up its defence of economic policies, particularly liberalisation, the Government yesterday gave an update on trade agreements being negotiated with India and China, while also defending the recently-inked Singapore deal.

Economy still vulnerable: Cabraal

Views - 1205 Friday, 4 May 2018 00:00

Presenting a different point of view, former Central Bank Governor Ajith Nivard Cabraal yesterday sought to flip the narrative on Sri Lanka’s

Today's Columnists

In the desert of Tamil films, actor Sivaji Ganesan was an oasis

Saturday, 22 September 2018

‘Indian Film,’ first published in 1963 and co-authored by former Columbia University Professor Erik Barnouw and his student Dr. Subrahmanyam Krishnaswamy, is considered a seminal study of the evolution and growth of Indian cinema. The book is cit

Imran may turn blind eye to blasphemy law and persecution of Ahmadiyyas

Saturday, 22 September 2018

There are clear signs that Pakistan’s freshly minted Prime Minister, Imran Khan, will make a sincere effort to reduce corruption and maladministration in the domestic sphere. In foreign affairs he is likely to make a brave attempt to mend fences wi

The rate of exchange, capital flight and the Central Bank

Friday, 21 September 2018

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation

Red flag over the Sri Lankan Navy

Friday, 21 September 2018

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc

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