Author: lbostgadmin
‘s Central Bank maintains policy interest rates at their current levels
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 percent and 15.50 percent, respectively, after considering the recent and expected developments in the domestic and global economy and macroeconomic projections. […]
65-pct probability for rates to remain unchanged at upcoming policy review: FCR
First Capital Research (FCR) assigns a probability of 65% for policy rates to remain unchanged at the upcoming monetary policy review while also assigning a 35% probability for a relaxation in policy rates. Moreover, considering the persistent negative liquidity in the banking system, they have assigned a lower probability of 20% for a cut in […]
Government’s attention to resume negotiations on free trade agreements
Government’s intention was to resume the negotiations on free trade agreements said Secretary to the President Saman Ekanayake. It is the vision of the President that Sri Lanka will integrate with the global value chains and with the largest economies in South Asia and East Asia and then expand to the east region linking to […]
‘s Rating
Fitch Ratings has withdrawn Sarvodaya Development Finance PLC’s (SDF) National Long-Term Rating of ‘B+(lka)’. The rating was on Rating Watch Negative, which has not been resolved prior to the withdrawal. Fitch is withdrawing the rating as SDF has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to […]
Emirates to operate double daily direct flights to Colombo from 1 December
Emirates has announced plans to add one more daily direct flight between Dubai and Colombo from 1 December 2022 to cater to the seasonal increase in the demand for travel. The additional service, EK648/EK649, will increase the number of daily flights between the two cities to three, including two direct flights and one operating via […]
VIDEO: Amazon, Meta, Netflix: Why Big Tech Is Facing Massive Layoffs
Tech companies saw exceptional growth in both revenue and employee headcounts through the pandemic. But now, they’re cutting thousands of jobs. Why big tech is facing massive layoffs?
CICT pledges USD 25,000 for sight-saving surgeries in Sri Lanka
Another group of Sri Lankans with correctable eye diseases and disorders will soon begin surgery to restore clearer vision, thanks to the latest phase of a community initiative of Colombo International Container Terminals (CICT) in partnership with the Nawaloka Hospital. CICT recently donated US$ 25,000 (Rs 9.25 million at current exchange rates) it has pledged […]
President assures solutions to land issues in NP; 8 committees to resolve provincial land issues
President Ranil Wickremesinghe said that eight (8) committees would be appointed at the provincial level to resolve the land issues. He also pointed out that all the land-related issues in the North and South of the country would be resolved accordingly. President Wickremesinghe made these observations while participating in the District Development Committee meeting held […]
VIDEO: Is capitalism actually broken?
People have become increasingly worried that the threats we face today, like climate change and rising inequality, can’t be solved by a capitalist economic system. So, is that true? And if it is, can we fix capitalism or do we need to tear the system down and build a new one from scratch?Explore the different […]
Encouraging Sri Lanka’s youth to pursue entrepreneurship: Ceylon Chamber and ILO
As Global Entrepreneurship Week 2022 shines the spotlight on the importance of entrepreneurship to economic growth, the International Labour Organization in collaboration with the Ceylon Chamber of Commerce is implementing a series of initiatives to facilitate a change in the entrepreneurial ecosystem and bolster young people’s transition into the entrepreneurial world. Conducted under the aegis […]
Framing a fresh narrative of South Asian Luxury at CFW
Luxury edition by CFW focuses on refreshing the luxury narrative which is relevant to Sri Lanka and South Asia. This narrative is presented in a conversation on sustainable luxury called Luxury Talks. ‘Luxury Talks’ is set to be held on the 16th of November 2022, at 6.45PM at Galle Face Hotel’s 1864 fine dining restaurant. […]