Moving ahead with the “Vistas of Prosperity and Splendour”, manifesto of His Excellency Gotabaya Rajapaksa, under the guidance of Hon. Mahinda Rajapaksa, Prime Minister of the Democratic Socialist Republic of Sri Lanka and the long-term objectives of Airport and Aviation Services (Sri Lanka) (Private) Limited to develop the airports and aviation industry of Sri Lanka,…
Offering deep insights into the realities of the current Foreign Exchange crisis as well as informed projections on future trends, was the focus of a seminar organised recently by the Sri Lanka-Malaysia Business Council (SLMBC) of the Ceylon Chamber of Commerce. The keynote speakers were the CEO and Secretary General of the Ceylon Chamber of…
Debt issues seen constraining growth, jeopardize economy Negotiations on possible IMF support to start in April Bloomberg – Sri Lanka faces “solvency” issues because of risks stemming from unsustainable debt levels that jeopardize the nation’s economy, according to International Monetary Fund staff. “Based on staff analysis, the fiscal consolidation necessary to bring debt down to…
The International Monetary Fund (IMF) has published its Article IV Staff Report on Sri Lanka. TheArticle IV process included; a) a visit to Sri Lanka by an IMF staff team in December 2021 during which consultations were held with the Ministry of Finance (MoF) and the Central Bank of Sri Lanka (CBSL), as well as…
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Sri Lanka. Sri Lanka has been hit hard by COVID-19. On the eve of the pandemic, the country was highly vulnerable to external shocks owing to inadequate external buffers and high risks to public debt sustainability, exacerbated by the Easter…
Sri Lanka Tourism’s Travel Influencer Facilitation Program (also known as Visiting Blogger Program) has undertaken creative influencer promotional campaigns by covering diversified tourism experiences around the island, including various regional territories for the year 2022 subsequently. Over the first one and half months (up to 10th March 2022), the Visiting Blogger Program (VBP) collaborated with…
NEW DELHI, March 25 (Reuters) – India sees the complete disengagement of Chinese and Indian troops from a face-off on their remote border as key to better relations, its foreign minister said on Friday, following talks in New Delhi with his Chinese counterpart. Wang Yi is the most senior Chinese official to visit India since…
The Central Bank of Sri Lanka (CBSL) wishes to clarify that the recent increase of the percentage of foreign exchange sales by banks to the CBSL from 25% to 50%, effective from 21.03.2022, is exclusively applicable to banks and that will not have any impact on the prevailing requirements for the foreign exchange earnings of…
SriLankan Airlines is set to celebrate the reopening of Indian skies on 27 March 2022 by doubling up to 88 weekly flights to India to match pre-COVID-19 levels. Consequently, customers too would be doubly rewarded by SriLankan expanding its flight frequencies at the same time that India does away with air travel bubble limitations this…
Tourism industry specialists from Sweden, UK and Sri Lanka came together on Tuesday (15th March) in Stockholm presenting Sri Lanka’s destination to an influential group of tour operators and travel consultants in a targeted effort to enhance partnerships and to make the Swedish and Scandinavian Tourism markets to Sri Lanka more robust. –A Sri Lankan…
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