Tag: Sri Lanka

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Downgrades and its impact on banks

The Daily FT reported on Monday that Fitch Ratings had downgraded Bank of Ceylon's (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC', from...

WHO delivers positive message about COVID-19

The Covid-19 pandemic could be eradicated if all countries fought together, the World Health Organisation (WHO) said in a statement.

Inflation further surged!

The inflation rate of Sri Lanka has surged to 12.1 per cent as of December, 2021. The figure stood at 9.9 per cent in November...

A baby elephant born at the Pinnawala Elephant Orphanage to be named after Minister of State for Wildlife

It is reported that it has been proposed to name a baby elephant born at the Pinnawala Elephant Orphanage belonging to the Department of...

The price of a bundle of cement has been increased by Rs. 100

The price of a locally made bundle of cement has been increased by Rs. 100. Accordingly, its new price is 1375 rupees. The last time...

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ICT Market Entry in Japan Faces Conversion Challenges

Sri Lanka’s growing engagement with Japan’s technology sector has...

Chinese Tourist Growth Masks Gaps in Revenue Gains

Sri Lanka’s renewed tourism engagement with China under the...

Diesel Import Controversy Sparks Corruption Concerns and Probes

Allegations of irregularities in Sri Lanka’s diesel import process...

Stalled Housing Schemes Expose Deep Policy Failures Nationwide

The government’s recent decision to appoint an expert committee...

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