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Govt and CB’s draconian measures begin to bring positive results
Interest rates should begin to ease (strong guidance from the Governor). The very high premiums in the forex market has diminished. former central bank governor Dr Indrajit Coomaraswamy discoursed.
Sri Lanka credit card usage comes down in economic misery
Sri Lankans, whose real incomes are getting hammered on a daily basis from soaring inflation, have turned to their credit cards, as there was a significant jump in the outstanding balance of credit cards in October from a month ago, when the financial and economic misery became more pronounced.
Paris Club creditors propose a 10-year moratorium on Sri Lankan debt
The Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current financial crisis in the Island nation.
LNG power project deal with the New Fortress Energy comes to the fore
The controversial US $ 250 million Sri Lanka LNG power project deal with the US energy company the New Fortress Energy Inc.(NFE) has come in to the focus once again following the government’s urgency to review the project.