Exclusive articles:
SL Workers’ remittances gain to US475.6 in December 2022
Sri Lanka has set an ambitious target of US $1 billion monthly foreign inflow from worker remittance by end-2023 with more people leaving the island nation for offshore jobs after an unprecedented economic crisis, Foreign Employment and Labour Minister Manusha Nanayakkara said.
Central Bank compels to reduce interest rates after the horse bolted
Sri Lanka market rates on longer-term government debt - bonds and treasury bills - are about twice as high as the high policy rates for overnight money, increasing the government's burden in covering its budget deficit and refinancing maturing debt, several economic analysts said.
Fitch downgrades 10 Sri Lankan Banks’ Ratings
Fitch Ratings has downgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale.
IMF tries to convince China for SL debt restructuring amidst delays
The prospect of receiving International Monetary Fund ‘Extended Fund Facility (IFF) facility in January and the first quarter of this year is vanishing as the government is still grappling to get assurance from its external creditors for debt restructuring, international analytical reports highlighted.
SL enters into new era of 25 year reforms effective from Independence Day
Initiating the long overdue system change in governance, administration and state machinery the Government is set to launch the new reform program for the next 25 years at the Diamond Jubilee celebration of Independence Day on February 04.