Sri Lanka’s dollar crisis will be over once the IMF’s executive board approves the USD 2.9 billion bailout package, said Central Bank governor Dr. Nandalal Weerasinghe.
Former Finance Minister Ravi Kar-unanayake yesterday said Sri Lanka’s deal with the Inter-national Monetary Fund to unlock the $ 2.9 billion Extended Fund Facility (EFF) will be mainly building international reserves to meet external payments and support of macroeconomic adjustment and structural reform programs amidst economic and political crises.
Importers say their businesses will collapse if they sell imported commodities at market prices that are declining as a result of the appreciation of the rupee.
The United National Party (UNP) is to entertain views and suggestions from the public for a new party constitution it is going to formulate.
A two-story tea factory at Kandapola in Nuwara Eliya was gutted in a fire around 2.00 am yesterday (18).
The government has decided to launch a programme where a bank loan of Rs. 1.1 million will be granted without any interest to students who have excelled at the Advanced Level Examination but do not get the opportunity to enter state universities due to strong competition.
The International Monetary Fund (IMF) will announce its decision with regard to the USD 2.9 billion bailout package for Sri Lanka following a meeting of its executive board on March 20, said state minister of finance Ranjith Siyambalapitiya.
Neil Hapuhinna has been transferred from his position as secretary to the ministry of public administration, home affairs, provincial councils and local government.
The father of Nadun Chinthaka Wickramaratne alias ‘Harak Kata’ has urged Interpol to mediate for the safety of his son, who had been deported home on a red notice issued by the international police organization.
The Bar Association of Sri Lanka (BASL) says the next police chief should be an officer whose service in the police force is exemplary and free of any blemish and who is able to
