Author: lbostgadmin
SEC directs CSE to temporarily close stock market; CCC requests SEC to reconsider decision
The Ceylon Chamber of Commerce requests the Chairman of the Securities and Exchange Commission to reconsider the decision to direct the CSE to temporarily close the stock market for a period of five business days commencing from 18th April. “This action will be seen by market participants as akin to the unsuccessful attempt made to […]
‘s debt default?
The economic crisis in Sri Lanka appears to be getting worse by the day. Sri Lanka’s government has been forced to default on its entire $51 billion of external debt. There’s been a shortage of food, fuel and schools had to cancel exams for a lack of paper.It’s all led to weeks of anti-government protests […]
BASL calls upon Govt to desist from taking any steps to disrupt peaceful protests
The Bar Association of Sri Lanka (BASL) calls upon the Government to desist from taking any steps whatsoever to disrupt what is a legitimate exercise of the freedom of dissent of the people. Issuing a statement, the association said that they received credible information from its members of a number of police trucks being moved […]
VIDEO: Why Elon Musk is offering to buy Twitter for USD 43 billion
Elon Musk offered to buy Twitter for USD 43 billion, saying he wants to turn the social media platform into the world’s “platform for free speech.”
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Fitch Ratings has downgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’ from ‘CC’. The issue ratings on foreign-currency bonds issued on international markets have also been downgraded to ‘C’ from ‘CC’. The Long-Term Local-Currency IDR has been affirmed at ‘CCC’ and the Country Ceiling at ‘B-‘. A full list of rating actions […]
Shamindra Marcelline receives CEO of the year 2022 award
Shamindra Marcelline, Chief Executive Officer of People’s Leasing & Finance has been bestowed with the award ‘CEO of the Year 2022’ from Sri Lanka Best Employer Brands Award 2022. The award, certified by the World Federation of Human Resources Professionals and endorsed by CHRO Asia, recognises leaders of organizations who have ‘contributed to the growth of […]
Sanjeeva Jayawardena & Ranee Jayamaha to continue to serve on Monetary Board: CB Governor
President’s Counsel Sanjeeva Jayawardena and Dr. Ranee Jayamaha, appointed members of the Monetary Board, have acceded to continue to serve on the Monetary Board, Central Bank Governor Dr. Nandalal Weerasinghe said. “As the newly incumbent Governor of the Central Bank of Sri Lanka (CBSL), I am delighted that Mr. Sanjeeva Jayawardena, President’s Counsel and Dr. […]
Central Bank significantly tightens its monetary policy; decides to increase SDFR & SLFR by 700bps
The Monetary Board of the Central Bank at its meeting held today has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 700 basis points to 13.50 percent and 14.50 percent, respectively. The Board, having noted the inflationary pressures that could further intensify […]
MP should declare assets, have age limits: Tharaka Balasuriya tells Paliament
Sri Lanka Podujana Peramuna (SLPP) Parliamentarian and State Minister of Regional Co-operation Tharaka Balasuriya says all parliamentarians should declare their assets and also be held accountable through the Attorney General. “This will help to refute widespread public allegations of corruption,” he told Parliament yesterday. “I have a few suggestions to make, which I feel would […]
Ready to join interim government on condition of rebuilding economy: SJB tells government
Samagi Jana Balawege MP Eran Wickremaratne stated in Parliament today that if the Prime Minister agrees to the proposal to abolish the executive Presidency, as intimated in Parliament, the main opposition is ready to join an interim government at the invitation of the government and take up the responsibility of reviving the economy tomorrow. The […]
Nandalal Weerasinghe appointed as CBSL Governor; K M M Siriwardena new Finance Ministry Secretary
Dr. Nandalal Weerasinghe was appointed as the Governor of the Central Bank of Sri Lanka while K.M.M. Siriwardena was appointed as the new Secretary to the Ministry of Finance. President Gotabaya Rajapaksa handed over the letters of appointment this evening (07). Dr. Weerasinghe, who has vast experiences in the financial sector, served as the Alternate […]