Radi

A Sri Lankan gemstone company that was key to sanctioned terrorist facilitator Ahmed Luqman Talib’s revenue generation in support of Al-Qaeda, continued doing business after Talib was sanctioned and arrested, a research and data analytics company said.

Sri Lanka's trade deficit shrank to US$ 450 million in November 2022 from $553 million in the corresponding month of the previous year, Central Bank’s external sector performance report revealed.

Following the Indo-Lanka plan of setting up a power transmission link between the two neighbours and, the government is to go all out to implement a cost -reflective Electricity Tariff Formula based on which the tariff will be increased or decreased.

Sri Lanka’s economy has been turned upside down by so called tools introduced by the Central Bank following the introduction of their toolsin 2020 in response to verbal attack levelled at CB top officials including former Governor W D Lakshman and Senior Deputy Governor Nandalal Weerasinghe by then President Gotabaya Rajapaksa on June 16 2020.

Some of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline stance in debt-relief negotiations after the Asian country’s US $51 billion default last year, according to 182 economists and development experts from around the world.