*The reserve money increased compared to the previous week mainly due to increase in the currency in circulation and increase in the deposits held by the commercial banks with the Central Bank.
Silver lining splashes on dark clouds over Sri Lanka economy
A silver lining splashed on the dark clouds over the Sri Lanka economy this week following the International Monetary Fund’s executive board approval for 2024 Article IV Consultation and Second Review under the 48-month Extended Fund Facility on Wednesday 12.
Case of USD 3.2 million ‘missing’ from Hambantota Int’l Port Group
editor
A financial fraud allegedly occurred at Hambantota International Port Group (HIPG), with USD 3.2 million reported missing from the company’s accounts, purportedly transferred to an unknown account in Indonesia.
Sri Lanka's largest Advertising Festival sees global creatives in Colombo
Sri Lanka’s advertising industry experienced an unprecedented surge of inspiration as the Four A's Advertising Festival took placerecently welcoming over 650 participants.
Sri Lanka’s year-on-year GDP growth rate for the first quarter of 2024 has been estimated as 5.3% of positive growth rate, according to the Department of Census and Statistics.
45th SAARC Finance Governors’ meeting concludes in Colombo
The Central Bank of Sri Lanka hosted the 45th SAARC finance Governors’ Meeting and Symposium during 13-14 June 2024 in Colombo.
JICA steps into formulate Veterinary Policy Framework for Sri Lanka
Veterinary Policy Framework aimed at laying platform to guide holistic approach to livestock sector development in Sri Lanka is to ne formulated soon.
Multi-sectorial approach to reduce impacts of Sri Lanka’s floods: Ravi K
The government has taken a multi-sectorial approach to reduce the risks and impacts of floods experiencing in the country in as a result of stormy monsoon rains affecting thousands of families and killing at least 30 people recently.
Crypto aliens might be living among us disguised as humans
The longstanding fascination with extraterrestrial life has taken a new turn with a recent study from Harvard University suggesting that alien beings could be living covertly alongside humans on Earth.
Trump visits Capitol Hill for first time since Jan 6 riot
Donald Trump has returned to Capitol Hill to meet Republicans in his first visit since the riot by supporters of his at Congress three years ago.
More...
Tesla investors back record-breaking Musk pay deal
Tesla shareholders have backed a record-breaking pay package for boss Elon Musk and approved a plan to move the firm's legal headquarters to Texas.
Sri Lanka Summit on Bali calls on [public and provate to curb human trafficking
The first ever Sri Lanka Summit on the Bali Process yesterday put spotlight on the critical roles of the Government and the private sector in combating human trafficking and modern slavery.
Sri Lanka Summit on Bali calls on [public and provate to curb human trafficking
The first ever Sri Lanka Summit on the Bali Process yesterday put spotlight on the critical roles of the Government and the private sector in combating human trafficking and modern slavery.
Tea production in May records an uptick anifdt five month overall decline
editor
Tea production in May saw an uptick, but the first five months’ crop sustained an overall decline, highlighting ongoing challenges within the industry, including weather variability and other factors on cultivation.