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A Fiscal Council for Sri Lanka: Pathway to Regaining Fiscal Credibility
By Dr. Lakmini Fernando: Sri Lanka was once considered a development success story. But within the last few decades, this legacy was lost to governance failures and economic mismanagement. In recent years, the country has been characterised by a glaring lack of fiscal discipline reflected in rising deficits, debt, inefficient state expenditure and an inability […]
‘s Analytics: The Uncertain Future of the Chip Shortage
The semiconductor chip shortage captured the world’s attention early on during the pandemic as the first clear sign that the measures undertaken during the pandemic were creating significant supply-chain disruptions. These disruptions have since expanded to include many other industries and have caused inflation to skyrocket in countries around the world. And while there are […]
Sri Lanka adds Indian Rupee to designated foreign currencies for off-shore banking
Sri Lanka’s Central Bank has added the Indian Rupee to the list of currencies that are permitted to be used for offshore banking, taking the total to 16. The Central Bank added the Thai Bhat to the list last year in a direction to be used in offshore banking business scheme. The 16 include the […]
‘ meeting on debt crisis
Japan is seeking to organize a Sri Lanka creditors’ conference with the intention of solving the country’s debt crisis, the Reuters news agency reported. Japan would be willing to chair such a meeting with China if that would speed up the process of addressing Sri Lanka’s debt, though it is not clear whether top creditor […]
Ranjan Ramanayake granted conditional presidential pardon
President Ranil Wickremesinghe today (26) signed the document granting conditional presidential pardon to former Parliamentarian Ranjan Ramanayake, who is currently serving a four year sentence on charges of contempt of court. The President has granted pardon on the condition that Ramanayake should not make any statement critical or derogatory of the entire judiciary in future. […]
Entries are now open for CA Sri Lanka’s TAGS Awards 2022 to crown best corporates
Marking a new chapter in financial and non-financial reporting, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Wednesday announced that it is accepting applications for the highly acclaimed TAGS Awards 2022 as it aims to crown the best corporates for promoting transparency, accountability, governance and sustainability by publishing insightful Annual Reports. […]
WHO pledges USD 4 million worth medical supplies to Sri Lanka
The Director General of the World Health Organization (WHO) Dr. Tedros Adhanom Ghebreyesus pledged essential medical supplies worth US$ 4 million to Sri Lanka and said that he had tasked the WHO Health Emergencies Programme to take immediate action to meet the most urgent health needs of the people of Sri Lanka. He said this […]
Amendment to Penal Code protecting LGBTQ+ rights of Sri Lankans handed over to President
A bill to amend the Penal Code with the aim of protecting the rights of the LGBTQ+ communities in Sri Lanka was handed over to President Ranil Wickremesinghe today (24) by Member of Parliament and lawyer Premanath C. Dolawatta. This bill to amend the Penal Code was submitted to the Parliament yesterday (23) by MP […]
16 Key Private Sector Leaders come together to support Food Security efforts
The private sector in Sri Lanka has historically played a key role in providing support to humanitarian efforts; rebuilding from the devastating effects of the Indian Ocean Tsunami, Seasonal floods, tackling the COVID-19 pandemic, and now, supporting socio-economic recovery for the most vulnerable communities in the country. The United Nations Development Programme (UNDP) in Sri […]
Envisioning future of Sri Lanka with Ultra-Fast Fibre & 5G: SLT-MOBITEL Technology Chiefs discusses evolving trends
The SLT-MOBITEL brand has reinforced its leadership as a true digital enabler further emphasizing its promise of enriching people’s digital lives and empowering businesses to unlock their fullest potential. Mangala Samarajeewa, SLT Chief Network Officer and Rasantha Hettithanthrige, Mobitel Chief Technology Officer elaborates on how the Group is paving the way for network modernization, ensuring […]