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Sri Lanka’s interest-rate cuts in July and August are “sufficient for the time being” to support economic growth, central bank Governor Ajith Nivard Cabraal said before next week’s monetary policy announcement.
Sri Lanka's main opposition United National Party (UNP) vowed here Tuesday to boycott the parliamentary sessions on the 18th amendment to the constitution.
COLOMBO: Sri Lanka's Supreme Court has cleared the way for President Mahinda Rajapakse to run for a third term in office, saying the constitution can be changed by a vote in Parliament, officials said today. Rajapakse, who oversaw the defeat of the Tamil Tiger rebels last year after decades of civil war, has a firm grip on power in Sri Lanka and has been criticised for crushing dissent and ...
COLOMBO, Sept 7 (Reuters) - Sri Lanka's central bank on Tuesday ordered banks to raise their minimum capital by 100 percent over the next five years, and required all local banks to list on the Colombo Stock Exchange by the end of 2011.
Remittances sent home by Sri Lankan nationals overseas may rise to a record $3.8 billion in 2010, a central bank official said, adding that policy makers will ensure stability of the currency as the flows increase.
The Tamil National Alliance (TNA) that has a parliamentary strength of fourteen members Monday decided to vote against the 18th amendment to the Constitution of Sri Lanka, according to Colombo media reports quoting TNA media spokesman and Jaffna district parliamentarian Suresh Premachandran.
Sri Lanka Army (SLA) Commander Major Gen. Mahinda Kathurusinghe declined to endorse Jaffna Government Ms. Imelda Sukumars announcement that uprooted families from Valikaamam North SLA High Security Zone (HSZ) will be soon allowed resettlement in a recent meeting at Jaffna Veerasingham Hall, representatives of welfare organizations for uprooted families from Valikaamam North said. The GA is ...
Eezham Tamils are a nation having historical sovereignty and territory in the island called Sri Lanka. Members of the Indian Establishment should stop humiliating them any further by calling them as minority. Tamil brethren of Tamil Nadu should be sensitive enough and stop such fundamentally faulty approaches and psyop war of the New Delhi-Chennai-Colombo axis on the historical nation of Eezham .
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