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Central Bank applies breaks on money printing : CB governor
Sri Lanka’s parliament has no authority over the whole money in the country although it has the power and responsibility on public money and the Central Bank is the monetary authority with the power over the country’s finance to determine the interest rates and control inflation, CB Governor Nandalal Weerasinghe, claimed.
New agency takes up BOI ,EDB & SLEIC to accelerate foreign investment
High regulatory powered investment promotion agency (authority) will take up the task of expediting the attraction of foreign direct investment (FDI) in to the country efficiently and expeditiously, State Minister of Finance Shehan Semasinghe disclosed
Colombo ranked amongst 10 cheapest cities in the world
Colombo (Sri Lanka) has been ranked amongst the 10 cheapest cities in the world in this year’s Worldwide Cost of Living survey (WCOL), run by the Economist Intelligence Unit (EIU).
US says political reforms need to accompany economic reforms in Sri Lanka.
USAID Administrator Samantha Power met with Sri Lanka’s Foreign Minister Ali Sabry to further USAID’s understanding of the Government of Sri Lanka’s priorities and reforms to address the country’s economic crisis.
Sri Lanka’s inflation falls down for the second month in November
Sri Lanka’s headline inflation based on the Colombo Consumer Price Index (CCPI) for November fell for the second consecutive month to 61.0 percent from 66.0 percent in October as food prices eased off