Sri Lanka’s domestic money market liquidity recorded a surplus of Rs. 168.1 billion by the end of December 2024, marking the first positive liquidity balance in two years. The Central Bank attributed this shift primarily to foreign exchange purchases and swap transactions. According to the Market Operations Report, liquidity conditions in the domestic money market have been improving since April …
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The initial step in the digitalisation of government services, ‘GovPay’, will be officially launched under the patronage of President Anura Kumara Dissanayake on Friday (7). This platform is expected to streamline and modernise transactions conducted through government institutions, enabling seamless and secure transactions through an efficient digital system, the President’s Media Division (PMD) said. The Information and Communication Technology Agency …
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The Sri Lanka Tourism Development Authority (SLTDA), in collaboration with the Asian Development Bank (ADB), has launched an innovative e-learning platform aimed at improving the management and operational standards of homestays across Sri Lanka. The initiative is part of ADB’s technical assistance programme (TA 9881 SRI: Supporting Tourism Resilience) and is designed to build resilience and sustainability within the tourism …
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Coconut Milk Manufacturers’ Association (CMMA) President Randeewa Malalasooriya says that the nation’s coconut industry has the potential to bring in $ 2.5 billion as revenue up from the current industry average of $ 850 million. Malalasooriya further stated that the country must improve the annual coconut production to 4.5 billion nuts in the long term while also focusing on the …
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Many Sri Lankans rely on agriculture as their primary source of income and it is contributing significantly to the country’s economy. And also agriculture has an unchanging demand, mainly due to its heavy contribution to food security. It is one of the key sectors that offers significantly to the development of any country’s economy, interacting with other sub-sectors related to …
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The Finance Ministry yesterday announced that it has initiated the formation of a special advisory committee to address challenges faced by Micro, Small and Medium-sized Enterprises (MSMEs) in implementing the Parate law, a legal provision that allows banks to seize collateral from loan drafters without Court intervention. The Ministry said the committee aims to provide sustainable solutions and develop policy …
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All the biggest names in music have hit the red carpet for the Grammy Awards in Los Angeles. Music’s night of nights will take place at the Crypto.com Arena, with the ceremony kicking off at midday AEDT. In its 67th year, the 2025 Grammys belong to Beyonce, who leads the pack with 11 nominations, bringing her total nod tally to …
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Beyoncé won album of the year for “Cowboy Carter” at Sunday’s Grammys, delivering her — at last — the show’s elusive top award. The superstar, who is both the most awarded and nominated artist in Grammys history, has been up for the category four times before and many feel she has been snubbed by its top honors. In winning album …
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Sri Lanka’s Ishadi Amanda has etched her name in history by becoming the first runner-up at the 40th Mrs. World pageant held in Las Vegas, USA. The title of 40th Mrs. World was claimed by South Africa’s Tshego Gaelae, while Thailand’s Ploy Panperm was named the 2nd Runner-Up. Ishadi Amanda earned the opportunity to represent Sri Lanka on the global …
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As the initial step in the digitalization of government services, the ‘GovPay’ digital payment platform will be launched by the government of Sri Lanka on February 07. Accordingly, the launch ceremony will be held on February 07, under the patronage of President Anura Kumara Dissanayake. This platform is expected to streamline and modernize transactions conducted through government institutions, enabling seamless …
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