Sri Lanka’s foreign exchange reserves continued to fall this month as the political crisis in Colombo continues. Forex reserves reportedly fell by 884.9 million US dollars in November 2018, to 7,018.38 million dollars, though the data does not include forex reserves released through swap agreements to maintain a peg or transactions with the Treasury. The latest fall comes … [Read more...] about Sri Lanka’s forex reserves continue to fall
Tourism officials say committed for industry growth despite challenges – Daily Mirror
Committed to achieving key objectives of Lanka Tourism Strategic Plan 2017–2020 SLTDA says focusing on high-yielding tourists and sustainable tourism President absent at Sri Lanka Tourism Awards held after 6 years By Nishel FernandoOfficials at the Tourism and Wildlife Ministry is committed to achieving key objectives of the Sri Lanka Tourism Strategic Plan 2017–2020 … [Read more...] about Tourism officials say committed for industry growth despite challenges – Daily Mirror
Political crisis speeds up dollar outflows
Dollar’s unrivalled surge this year will reverse in 2019: Reuters poll - See P12The ongoing unprecedented political crisis has triggered a faster outflow of dollars from Sri Lanka’s debt and capital markets as per the latest provisional data. Wealth Trust Securities said the week ended 5 December saw a foreign outflow of Rs. 17 billion, the highest in 23 months whilst … [Read more...] about Political crisis speeds up dollar outflows
Foreign investors sell Rs17bn in Sri Lanka bonds in week
ECONOMYNEXT - Foreign investors have sold 17 billion rupees of bonds with total holdings of bonds dropping to 180.9 billion rupees from 197.9 billion rupees in the week to December 05, in perhaps the heaviest week of foreign selling in markets, central bank data shows.Foreign investors held 324 billion rupees of bonds in April and had been steadily selling them down. Since … [Read more...] about Foreign investors sell Rs17bn in Sri Lanka bonds in week
Maldives applies to rejoin Commonwealth: president’s office
Colombo, Sri Lanka | AFP | The Maldives has applied to rejoin the Commonwealth, reversing a policy of isolation under autocratic leader Abdulla Yameen who suffered a shock defeat in September.His successor, Ibrahim Mohamed Solih, wrote to the 53-member bloc on Friday seeking readmission two years after Yameen pulled the atoll nation out of it, the president's office said … [Read more...] about Maldives applies to rejoin Commonwealth: president’s office
