World’s Best Airline is set to start the fifth daily service from 24 February 2022 DOHA, Qatar – Qatar Airways marks a new milestone with the introduction of its fifth daily flight from Doha to Colombo, Sri Lanka, starting 24 February 2022. The additional frequency will support increased travel demand to and from Sri Lanka,…
Global economic growth to moderate, while inflation to remain higher As per the January 2022 update of the World Economic Outlook (WEO) of the International Monetary Fund (IMF), the global economy is expected to moderate from 5.9 per cent in 2021 to 4.4 per cent in 2022. The recovery in the global economic activity is…
Verité Research launches Gallup style “Mood of the Nation” poll in Sri Lanka Government approval rating is only 10% Gallup is the most reputed polling organisation in the world. It runs a regular “Mood of the Nation” poll in the United States. Verité Research has adapted that same poll and scoring methodology to follow the…
The European Union (EU) and EU Member States Ambassadors resident in Sri Lanka, traveled this week to Nuwara Eliya district in the Central Province for a two-day visit to EU-funded rural development projects. During their visit, the EU Ambassadors visited and handed over a number of infrastructure facilities in the region, such as a new Business…
Reuters – The International Monetary Fund (IMF) said on Wednesday Sri Lanka needs to tighten its monetary policy to contain rising inflation, put its high debt repayments on track and reverse one of the worst financial crises the country has faced in years. In a so-called Article IV review, the first since 2018, the IMF…
Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Sri Lanka on February 25, 2022. 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,…
Miss. Evanjelin Elchmanar, Miss UK International who was on a brief visit to Sri Lanka in order to proceed with her charity projects, has enthusiastically involved herself promoting Sri Lanka among the UK travelers by visiting and showcasing the local attractions, culture and cuisine and most of all, the hospitality and the welcoming smile of…
Seylan Bank PLC recently entered into a memorandum of understanding with National Chamber of Exporters of Sri Lanka (NCE), reviving a strategic partnership with the NCE to boost Sri Lankan exports in global markets. Taking the first step towards a long standing journey, the agreement was exchanged on 10th February 2022, at Seylan Bank Head…
The Ceylon Chamber of Commerce notes with serious concern the adverse effects brought on its members and all sectors of the economy in general as a result of the ongoing interruptions to the supply of electricity coupled with frequent disruptions to the availability of fuel. The Chamber is of the view that these issues are…
COLOMBO, March 2 (Reuters) – The Central Bank of Sri Lanka (CBSL) is expected to raise rates for the second time this year on Friday as a sharp surge in domestic inflation and a continuing foreign exchange crisis threaten to further derail the domestic economy. Sri Lanka’s forex reserves dropped to $2.36 billion as of…
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