INTERNATIONAL PARITY AT WORK DAY
The inaugural International Parity at Work Day was celebrated around the world on 11th January 2017. Organisations
THE COLOMBO CLUB
It was in 1871, at a time when the environs of Galle Face were that much more expansive and played host to ubiquitous society events that had the British
GOVERNMENT NEEDS TO CAMPAIGN HARDER FOR RECONCILIATION
There is growing scepticism both locally and internationally about the government’s commitment
US$125 MILLION CREDIT TO MODERNIZE AGRICULTURE
Sri Lanka has signed a US$125 million credit with the World Bank to help the country modernize its agriculture sector
A BAD TIME FOR TEA
Sri Lankan tea is losing market share in Russia due to domestic brands gaining ground, a research report warns
CALL FOR INTERNATIONAL ASSISTANCE
President Maithripala Sirisena reached out to the United Nations (UN) and its affiliated bodies for assistance in the wake
RUPEE DEPRECIATING RAPIDLY
The Sri Lankan Rupee will soon depreciate to around 160 against the US Dollar, according to Dinesh de Silva, Chairman of the
SRI LANKA READY FOR ENERGY CRISIS
Minister of Power and Renewable Energy Ranjith Siyambalapitiya offered assurance that the island is prepared for the 2017 energy
FITCH AFFIRMS NINE SRI LANKAN BANKS
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of the following Sri Lanka-based banks:
MARKET REACTION
The pound struggled at 32-year lows against the dollar in Asia on Monday after reports said British Prime Minister Theresa May
GRANT TO CONSTRUCT RAIN WATER HARVESTING SYSTEMS
India and Sri Lanka today signed an MoU to construct 3000 rain water harvesting systems
AUSTRALIAN MUSIC CONCERT
The Australian High Commission is proud to present two of Australia’s leading classical musicians in a free concert to celebrate the
TRADE CONCESSIONS
The European Commission on Wednesday proposed restoring tariff concessions for imports from Sri Lanka after scrapping them
TALKING POINT
There’s been a shift in the political landscape throughout the world in the year gone by; and its impact has been felt far and wide,
IMF DEALS EASE FRONTIER MARKET PRESSURES
Support from the IMF has helped to mitigate external liquidity risks and reduced the medium-term default risks in several frontier
PROTEST CAMPAIGN
Sri Lanka police fired teargas to disperse hundreds of people protesting the launch Saturday of a special industrial
SCALE UP RENEWABLE CAPACITY IN INDIA
IFC, a member of the World Bank Group, is picking up equity stake in Hero Future Energies, the renewable energy arm of
CURRENCY MARKETS
China on Friday hiked the yuan against the dollar in its biggest one-day increase since 2005, after the greenback fell
