Global Times – China’s foreign exchange reserves reached $3,346.4 billion at the end of November, up $3 billion from the end of October, marking a 0.09 percent increase, according to data released by the State Administration of Foreign Exchange (SAFE), which noted that China’s economy remains stable, supporting steady forex reserves. The nation’s gold holdings…
Mr. Evan Papageorgiou, International Monetary Fund (IMF) Mission Chief for Sri Lanka issued the following statement today: “In the wake of the devastating impact and widespread destruction caused by Cyclone Ditwah, we extend our deepest sympathies to the people of Sri Lanka who have been profoundly affected by this disaster. “The Sri Lankan authorities have…
The Central Bank of Sri Lanka (CBSL) has ordered all licensed banks to extend temporary debt relief and new credit support to individuals and businesses hit by the recent cyclonic and flood disasters. Under Circular No. 04 of 2025, affected borrowers can request assistance until 15 January 2026. Banks may suspend repayments for up to…
SLT‑MOBITEL urgently requests the public not to remove or cut the SLT-MOBITEL Fibre and Copper cables that may be lying on the ground following the recent extreme weather conditions. These cables are operational even when fallen, and several service disruptions have already been reported throughout multiple cities due to their removal or damage. Safeguarding these…
Due to recent adverse weather conditions, some currency notes may have been damaged or exposed to water. The Central Bank of Sri Lanka advises the public to follow the steps in the notice to prevent further deterioration and ensure proper handling.
The Joint Apparel Association Forum (JAAF) announced that the industry has activated a coordinated response to safeguard communities affected by the severe weather conditions across Sri Lanka. With reports of flooding, landslides and access disruptions in several districts, JAAF confirmed that employee safety and wellbeing remain the sector’s highest priority. JAAF is working closely with…
The Government of Sri Lanka had discussions with the Asian Development Bank (ADB) to mobilize a policy-based loan amounting to USD 100 million to implement the Power Sector Reforms and Financial Sustainability Program (Subprogram 2). This policy-based lending program will support the establishment of independent and financially sustainable electricity utilities. It will also support the…
A meeting was held this afternoon (04) at the Presidential Secretariat, chaired by President Anura Kumara Dissanayake, with officials from the Ministry of Industry and Entrepreneurial Development and the Ministry of Finance, to review the damage sustained in the industrial sector and the measures required for its recovery. During the meeting, officials presented statistical data…
The International Monetary Fund (IMF) has expressed deep condolences to Sri Lanka following the devastating cyclone and assured that it is closely engaging with authorities to assess the full humanitarian and economic impact. Responding to a question from Ada Derana at the IMF’s regular press briefing on December 4, Communications Director Julie Kozack said the…
As part of ongoing relief efforts for communities affected by Cyclone Ditwah, HUTCH Sri Lanka has donated Rs. 60 million to the Government’s ‘Rebuilding Sri Lanka’ Fund. The contribution was officially handed over today (04) at the Presidential Secretariat. The donation cheque was presented to Secretary to the President Dr. Nandika Sanath Kumanayake by HUTCH…
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