Author: Ishara M Gamage
VIDEO INTERVIEW: What will the year 2022 look like for Sri Lanka? W A Wijewardena
“Sri Lanka will have a very gloomy future in 2022. If the government is interested in avoiding it, it has to immediately change the present economic policy Unless the government does that, we are heading towards a major disaster in 2022.” Dr. W A Wijewardena, Former Central Bank Deputy Governor
Sri Lanka official reserves down to USD 1.6bn in November, confirms Central Bank
Sri Lanka’s official reserve assets were 1.6 billion US dollars (USD 1,587.0mn) by the end of November, down from 2.3 billion US dollars in October, the latest Central Bank data showed. By the end of November, the foreign currency reserves were 1,009.5 million dollars while the reserve position in the IMF was 67.0 million dollars. […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Sanjiva Weerawarana, Founder & CEO, WSO2
“The real value in the IT industry is not providing services to other countries but creating products that other countries buy and there are many barriers as to why we are not doing enough of that,” says Dr. Sanjiva Weerawarana, Founder & CEO of WSO2. This video interview series will feature leaders who share their […]
Central Bank expects inflation to remain high at around 8-9% in next few months
Sri Lanka’s Central Bank expects inflation to remain high at around 8-9% in the next few months, before gradually reverting to the desired 4-6% level thereafter. Releasing the ‘Recent Economic Developments’ report, the Central Bank said that the upward adjustments in retail market prices of some commodities, mainly driven by supply side factors and increased […]
CBSL expects reserves to remain around USD 3.5bn by end 2021; USD 4bn on average in 2022
Sri Lanka’s Central Bank expects gross official reserves to remain at around USD 3.5 bn at the end of 2021, and around USD 4.0 bn on average in 2022. Releasing the ‘Recent Economic Developments’ report, the Central Bank said that it expects financial flows to strengthen in the period ahead with the envisaged inflows in […]
Sri Lanka to introduce incentive package for migrant workers with various benefits
Sri Lanka to introduce an incentive package for migrant workers, which includes pension/superannuation benefits, accident/life insurance benefits, banking facilities including low-interest loans for housing and/or self-employment on return to Sri Lanka, and enhanced duty-free concessions. The Central Bank said they are currently working in collaboration in this regard, with the Ministry of Labour, State Ministry […]
Sri Lanka’s reserves down to USD 2.3bn in October; YTD rupee depreciation 8-pct
Sri Lanka’s official reserves were 2.3 billion US dollars (USD 2,267.5mn) by the end of October, down from 2.6 billion US dollars in September, the latest Central Bank data showed. By the end of October, the foreign currency reserves were 1,686.1 million dollars while the reserve position in the IMF was 67.7 million dollars. Special […]
‘Almeida
“Lots of leaders give themselves too much credit. They think, I made the decision but they won’t realize that there were other people but they take the credit for it. But most of our decisions we make collectively.” Peter D’Almeida, CEO of Kehelmala Productions This video interview series will feature leaders who share their biggest […]
‘s reserves down to USD 2.6bn in September; YTD rupee depreciation 8.2-pct
Sri Lanka’s official reserves were 2.6 billion US dollars (USD 2,581.3mn) by the end of September, down from 3.5 billion US dollars in August, the latest Central Bank data showed. By the end of September, the foreign currency reserves were 2,006.4 million dollars while the reserve position in the IMF was 67.4 million dollars. Special […]
Quality characteristics of Ceylon Tea record noticeable decline due to fertilizer ban
Any decline in the quality of Ceylon Tea will have serious consequences, where the Sri Lanka market share in a global arena would fall and as a result, a drop in exports and foreign exchange earnings is inevitable, Chairman of Colombo Tea Traders’ Association (CTTA) said. Delivering the Chairman’s Speech at the virtual Annual General […]
Total motor vehicle registrations fall to a decade low in 2020: report
Total motor vehicle registrations of 2020, hit the lowest for the last decade and even lower than the registrations recorded in 2009 when the world experienced the global financial crisis, a new report highlighted. Motor Vehicle Industry Report released by the Economic Intelligence Unit of the Ceylon Chamber of Commerce covering key trends in 2019 […]
Newly appointed CBSL Governor Nivard Cabraal to announce a policy package soon
Central Bank will need to take the required steps that will reflect its own commitment towards economic stability, and will therefore soon announce a policy package in the form of a short-term Road Map, that could then be followed by all stakeholders, said newly appointed Governor Nivard Cabraal. Releasing an initial statement upon taking office […]