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Sri Lanka rupee s recent rise may face challenges as experts foresee a potential 16% drop ahead
31 May 2023 (3:52 PM) Energy Minister discusses restructuring of CEB with World Bank and IMF
31 May 2023 (5:10 PM) CBSL warns general public of pyramid-type schemes operating in Sri Lanka
31 May 2023 (1:29 PM) Govt. focuses on digitization of data in agricultural sector
31 May 2023 (2:51 PM) Sri Lanka plans to start Colombo-Istanbul direct flights
31 May 2023 (2:37 PM) Prices of urea fertilizer slashed from 15 June
31 May 2023 (1:36 PM) |
After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupee as the government eases import restrictions and debt repayments loom. 
Minister of Power and Energy Kanchana Wijesekera yesterday (30 May) held a meeting online with the International Monetary Fund (IMF), World Bank and the Ceylon Electricity Board (CEB). 
The Central Bank of Sri Lanka (CBSL) says it has conducted investigations into several institutions to ascertain whether they have conducted schemes prohibited in terms of the Banking Act, based on some complaints received by the CBSL. 
President Ranil Wickremesinghe has emphasized the importance of continuing the government s efforts to modernize the agricultural sector, improve nutrition, address climate change, and enhance financial security during a meeting focused on the digitization of data in Sri Lanka s agricultural sector. 
Sri Lanka plans to start direct flights between Colombo and the Turkish city Istanbul, the Ministry of Ports, Shipping and Aviation said in a statement on Tuesday. 
The Ministry of Agriculture has decided to reduce the price of urea fertilizer with effect from 15 June. Copyright © 2007 - 2023 Col3neg. All Rights Reserved.
