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“Foreigners Only” tourist establishments warned with a plan to develop hospitality assets
The Sri Lanka Tourism Development Authority has warned that hotels and restaurants that follow the ‘Foreigners Only’ policy will face a license cancellation.
In a...
Government averts immediate default; calls to engage with IMF rife
As Sri Lanka avoided an immediate debt default, averting a massive crisis, the country’s policymakers should now make use of the breathing space provided...
Sri Lanka receives US$2.4 billion worth of support from India
Finance Minister Basil Rajapaksa received the assurance of Indian External Affairs Minister Dr. S. Jaishankar that his country is extending US $ 2.4 billion...
Central Bank pays US$ 500 million ISB arising the need to seek IMF assistance
Sri Lanka has paid off USD 500 million International Sovereign Bond (ISB) that matured today (January 18), says the Central Bank Governor.Ajith Nivard Cabraal...
Central Bank claims marked improvement in EPF equity portfolio
Sri Lanka‘s investments in listed equity portfolios have recorded considerable gain and financial returns for Employees Provident Fund (EPF) , Central Bank announced.
Value of...