The National Security Advisor of India Ajit Doval called on President Gotabaya Rajapaksa at the Presidential Secretariat last evening (28).President Rajapaksa and the Indian Security Advisor engaged in a highly fruitful discussion aimed at further strengthening all forms of bilateral relations, according to President’s Media Division.Indo-Lanka security cooperation, … [Read more...] about India willing to invest in new fields contributing to Sri Lankan economy
sri lanka news
Sri Lanka government and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
* Sri Lanka government and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs Thu, Nov 26, 2020, 09:36 pm SL Time, ColomboPage News Desk, Sri Lanka.Nov 26, Colombo: The Government of Sri Lanka entered into loan and grant agreements with the Asian Development Bank (ADB) to obtain a loan of USD 165 million and grants worth of USD 3 million from the Japan Fund for Poverty … [Read more...] about Sri Lanka government and ADB sign USD 165Mn loan agreement to aid COVID hit SMEs
UNDP to support to introduce a multidimensional approach to poverty in Sri Lanka
* UNDP to support to introduce a multidimensional approach to poverty in Sri Lanka Wed, Nov 25, 2020, 10:03 pm SL Time, ColomboPage News Desk, Sri Lanka.Nov 25, Colombo: According to the 2020 global report on the Multidimensional Poverty Index (MPI) entitled ‘Charting pathways out of multidimensional poverty: Achieving the SDGs’, 4.1% of the population in Sri Lanka live below … [Read more...] about UNDP to support to introduce a multidimensional approach to poverty in Sri Lanka
Daily Mirror – CB wants banks’ credit loss provisioning to reflect more credible economic forecasts
Issues revised instructions to banks asking them to use forecasts and projections published by them This move will effectively shun forecasts of IMF, WB and the likes The Central Bank of Sri Lanka (CBSL) has issued revised instructions to banks on projecting losses on their loans and other financial assets, which will effectively shun forecasts of the International … [Read more...] about Daily Mirror – CB wants banks’ credit loss provisioning to reflect more credible economic forecasts
Sri Lanka FM highlights importance of adequate funding for developing countries to overcome challenges to achieving SDGs
* Sri Lanka FM highlights importance of adequate funding for developing countries to overcome challenges to achieving SDGs Sat, Nov 14, 2020, 08:52 pm SL Time, ColomboPage News Desk, Sri Lanka.Nov 14, Colombo: Sri Lanka reiterated the call of the Group of 77 for adequate funding for development initiatives, enabling the developing countries to overcome the multifaceted … [Read more...] about Sri Lanka FM highlights importance of adequate funding for developing countries to overcome challenges to achieving SDGs
Daily Mirror – COVID-19: Wake-up call for Sri Lanka’s tea industry
Sri Lanka is identified as one of the most vulnerable middle-income countries to the economic fallout from the COVID-19 pandemic. A key channel through which vulnerabilities are heightened relates to a country’s export earnings. While Sri Lanka is not highly exposed to global supply chain disruptions, its dependence on a limited basket of exports and export … [Read more...] about Daily Mirror – COVID-19: Wake-up call for Sri Lanka’s tea industry
CCC to host Sri Lanka Economic Summit virtually this year
* CCC to host Sri Lanka Economic Summit virtually this year Fri, Nov 6, 2020, 11:53 am SL Time, ColomboPage News Desk, Sri Lanka.Nov 06, Colombo: The 20th Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce (CCC) will be hosted virtually for the first time in its history due to the COVID-19 pandemic. The Summit will be held on December 1 and 2 on … [Read more...] about CCC to host Sri Lanka Economic Summit virtually this year
CSE recognized as an Honoree in the National Category at ISAR Honors 2020
* CSE recognized as an Honoree in the National Category at ISAR Honors 2020 Thu, Nov 5, 2020, 09:49 pm SL Time, ColomboPage News Desk, Sri Lanka. Nov 05, Colombo: The Colombo Stock Exchange (CSE) was recognized as an honoree in the national category at the recently held International Standards of Accounting and Reporting awards (ISAR) 2020. The award was … [Read more...] about CSE recognized as an Honoree in the National Category at ISAR Honors 2020
Daily Mirror – Higher tax revenue likely to be crucial rating driver over next few years: Moody’s
Acknowledges that revenue raising amid pandemic’s effects remains challenging But says constraints to cut spending make a more compelling case for bolstering revenues Says Sri Lanka among those who already struggled to raise tax intake before pandemic Data shows Sri Lanka’s tax revenues on the up with Aug. revenues nearly at 2019 levels The pandemic-induced … [Read more...] about Daily Mirror – Higher tax revenue likely to be crucial rating driver over next few years: Moody’s
Daily Mirror – Urgent need to raise foreign currency funding
It was reported that the trade deficit to end-August 2020 was US $ 3.8 billion, compared with US $ 4.8 billion to end-August 2019. There is no doubt that the current reforms will provide solutions to some of the structural issues in the economy. Yet, there is a need to address the country’s emerging macroeconomic vulnerabilities.While improving trade balance with … [Read more...] about Daily Mirror – Urgent need to raise foreign currency funding
