CPC revises fuel prices; petrol 92 increased
The Ceylon Petroleum Corporation (Ceypetco) has revised fuel prices effective from midnight on Friday (June 30).
Ex-Central Banker casts doubts on adequacy of proposed DDO strategy
Highlights proposed DDO’s limited scope in addressing fragile state of country’s budgetary situation
Sri Lanka’s only Paediatric Radiologist has left the country
Sri Lanka's only specialist in Pediatric Radiology has left the country, Dr. Ashoka Gunaratne of the Specialist Doctors' Association said.
Addressing the media, he said earlier it was estimated that at least 4,000 specialist doctors would be required for the health sector by 2024 and 2025.
CEB has settled arrears for roof-top solar customers
The Ceylon Electricity Board (CEB) said has settled all its payment arrears that were due to rooftop solar panel customers up to April 30.
Bouquets outweigh brickbats for DDR
Authorities are proposing a 30 per cent haircut on ISBs and other dollar-denominated debt
*Country needs to reduce its debt by about US $ 17Bn between 2022-2027 to achieve debt sustainability
Sri Lanka asks foreign lenders for 30% debt 'haircut'
The government of Sri Lanka has mandated a five-day bank holiday to prevent people rushing to banks to withdraw money as officials implement a debt restructuring plan.
’Presumed human remains’ found within wreckage of Titanic submersible
The US Coast Guard has said that "presumed human remains" have been recovered among the debris of the Titan, the submersible which imploded during a voyage to explore the wreckage of Titanic earlier this month.
NMRA lacked professor in pharmacology for months
The country’s drug regulator has functioned without a Professor of Pharmacology to offer guidance in making crucial decisions for the past few months, Senior Consultant Physician Dr. Ananda Wijewickrama charged.
Bonds held by pension funds likely to be restructured; banks excluded
The Central Bank on Wednesday presented possible domestic debt restructuring scenarios to the Cabinet of Ministers, which indicated that restructuring/optimization will apply only to Treasury bills held by the Central Bank and the bonds held by superannuation funds.
Air China to resume Colombo flights
Air China will resume their Colombo flights after a lapse of 18 months (due to C-19) from July 3, 2023.The airline would operate three weekly flights to Colombo from Chengdu operating every Monday, Wednesday and Friday.
More...
World Economic Forum: China urged to play greater role in financial system after Sri Lanka bailout exposed flaws
- Minister of Foreign Affairs Ali Sabry expressed frustration about the amount of time it took Sri Lanka to receive help after it defaulted on its debt in May 2022
- He was speaking at World Economic Forum on Wednesday, with economists calling for China to play a more prominent role in the global financial system
SL to set up Gambling Regularisation Authority to regulate gaming industry
The government has decided to establish a separate authority named Gambling Regularisation Authority to regulate the country’s gaming industry.
Banks seen slashing deposit rates while lending rates lag big time
Banks have disproportionately cut deposit rates since the announcement of 250 basis points cut in policy rates
Deal signed for $225mn loan fromJapanas budget support
Dhaka, June 27 -- Japan and Bangladesh on Tuesday signed a loan agreement of USD $225 million as budgetary support for the latter's economic recovery and strengthening public financial management capacity.