SL Trade deficit narrows significantly in February amid declining imports
SL Trade deficit narrows significantly in February amid declining importsSri Lanka’s deficit in the merchandise trade account witnessed a significant contraction in February, due to a significant moderation in the import expenditure, arising out of the aggregate demand conditions, Central Bank announced.
EDB empowers women-led businesses to succeed
The Women Entrepreneurship Development Program organised by the Sri Lanka Export Development Board (EDB) focused on the theme ‘Branding through Packaging’ to support women-led businesses in Sri Lanka.
Banking chaos has been bittersweet for crypto and wine
Silicon Valley Bank's collapse earlier this month dealt a major blow to the wine and crypto firms that entrusted their money with and depended on the lender to stay afloat.
Walking 8,000 steps even 1-2 days a week reduces mortality rate: Japan study
OSAKA -- People who walk 8,000 steps or more even one or two days a week tend to have a roughly 15% lower mortality rate than those who do not a decade later, a team of researchers from Kyoto University and other institutions announced on March 29.
Use of Cryptocurrency and its Investment Risks - A Special Announcement from the Central Bank
The Central Bank of Sri Lanka has issued a special announcement regarding the use of cryptocurrencies
Pope Francis is hospitalized
The Pope was hospitalized due to breathing difficulties.
Foreign sources have reported that the 86-year-old Pope's difficult situation is not a covid condition.
White House lights up with rainbow colors after same-sex marriage bill signing
The Biden administration lit up the south portico of the White House in rainbow colors on Tuesday evening after the president signed the Respect for Marriage Act into law earlier in the day.
Sri Lanka to obtain around US $ 1.36 billion funds of WB and ADB
Sri Lanka is expecting to obtain around US $ 1.36 billion funds from major multilateral agencies, including the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB), this year.
Bus fares will be reduced from tomorrow
The government has decided to reduce bus fares from tomorrow midnight, giving the benefit of the reduction in diesel prices to the commuters.
Fuel price revision will be reduced from midnight today
Minister of Power and Energy, Kanchana Wijesekera says that the fuel price will be revised from midnight today.
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Irish-style implementation unit to handle IMF targets for Sri Lanka
The government is set to set up an Irish-style implementation unit with special powers to implement mutually agreed targets and structural benchmarks of the International Monetary Fund within stipulated time lines.
Govt to enact Banking (Special Provisions) Act by December 2023
The Government is to enact the Banking (Special Provisions) Act by December this year following the approval of the cabinet of Ministers in June, finance ministry sources confirmed.
The Economic Challenges These Countries Are Facing
More and more Africans are experiencing poverty. coupled with the impact of Covid-19 and the war between Russia and Ukraine that intensified just over a year ago, weighs heavily on global trade and the supply of goods.
Rates slump most in a week on positive sentiments after IMF Board approval
The prime lending rate fell the most or by 204 basis points last week to settle at 21.74 percent, marking the biggest weekly slump in benchmark lending rates for the shorter term facilities for prime and corporate clientele of commercial banks.