Sri Lanka

By P. K. Balachandran COLOMBO – Visiting Pakistan Prime Minister Imran Khan on Tuesday (23) invited Sri Lanka to participate in the (China-sponsored) Belt and Road Initiative (BRI) and the China-Pakistan Economic Corridor (CPEC) because…
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COLOMBO - Good governance activist Chandra Jayaratne has written an open letter to the Governor of the Central Bank, Prof. W. D. Lakshman, requesting a public participative intellectual debate on the present external sector monetary…
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JERUSALEM – There are countries that are frequently in the news in Israel, such as the US, the UK, Russia, India and China, and those that seldom appear unless that country is undergoing political strife or martial war, such as Myanmar.…
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By Amal Jayasinghe COLOMBO - An import ban in cash-strapped Sri Lanka is leaving a bad taste in the mouths of its curry lovers, depriving them of vital turmeric supplies and encouraging budding smugglers to take their chances with the…
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COLOMBO – Sri Lanka stocks plunged 6.5% Tuesday (2) wiping out Rs 245 billion from stock values after making steep gains over several weeks on the back of low interest rates and strong earnings in some firms, brokers said. Trading was…
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By P. K. Balachandran COLOMBO - The Sri Lankan government has asked stakeholders in Colombo Port’s East Container Terminal (ECT) project to come up with a joint proposal to share a 49% stake in it. The Chairman of the Sri Lanka Ports…
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COLOMBO - Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency's Sri Lankan national rating scale. The recalibration is to reflect changes in the relative…
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COLOMBO – Banks in Sri Lanka have been ordered to delay dividends and foreign banks’ gains to halt profit repatriation until the 2020 accounts have been audited, and cut some spending in a bid to conserve capital and liquidity. Banks…
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By Mahadiya Hamza COLOMBO– Sri Lanka is looking at artificial intelligence and machine learning to improve off-site supervision of banks as part of an overall drive to boost its techno-regulation framework and supervision, Central Bank…
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COLOMBO - Recession-hit Sri Lanka appealed Tuesday (12) for international investors to roll over bonds maturing this year, a further indication of the island nation's dire financial situation. The South Asian nation's tourism- and…
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