Colombo watches a city being born in the ocean

Central Banks revises Sri Lanka’s growth to 3% from 4%

Colombo, July 12 (Daily FT) - The Central Bank yesterday said it has revised growth down to 3% from 4% earlier in the year, but kept policy rates unchanged on moderate inflation, international rate cuts, and expectations of lending rates declining in the coming weeks, to boost economic expansion. Central Bank Governor Dr. Indrajit Coomaraswamy on Thursday remained optimistic about...

Lankan parliament rejects motion of no confidence against government

Lankan parliament rejects motion of no confidence against government

Colombo, July 11 (newsin.asia): Sri Lanka's parliament on Thursday defeated a No Confidence Motion (NCM) against the government with 119 MPs voting against and 92 voting in favor, in the 225 member House. The motion was taken up for vote after a two-day debate, which started Wednesday. The motion was submitted in Parliament by the marxist Janatha Vimukthi Peramuna (JVP),...

The other countries in the region which have achieved this feat are Bhutan, Maldives, DPR Korea and Timor-Leste. Pic - Indian Express

WHO: Sri Lanka eliminates measles

July 10 (FT) - The World Health Organization yesterday announced Sri Lanka has eliminated measles, interrupting transmission of the indigenous virus that causes the killer childhood disease. “Sri Lanka’s achievement comes at a time when globally measles cases are increasing. The country’s success demonstrates its commitment, and the determination of its health workforce and parents to protect children against measles,”...

Foreign Exchange

Foreign Exchange Rates in Sri Lanka

Colombo, July 9 (newsin.asia) -- The following are the foreign exchange rates against the Sri Lankan rupee released by the Central Bank of Sri Lanka on Tuesday. Buying Selling Australian Dollar 121.36 126.41 Canadian Dollar 132.48 137.27 Chinese Yuan (Renminbi) 25.03 26.20 Euro 195.32 202.05 Japanese Yen 1.6058 1.6641 Singapore Dollar 127.89 132.14 Sterling...

Sri Lanka’s national air carrier to increase flights to Tokyo

Sri Lanka to reduce handling charges for foreign flights to boost tourism

Colombo, July 8 (newsin.asia) - The Sri Lanka Tourism Development Authority together with the Prime Minister’s office, the Ministry of Tourism and the Civil Aviation Authority of Sri Lanka tabled a cabinet paper on Monday and received the approval for the reduction of ground handling charges, aviation fuel, and the embarkation levy for all international flights for 6 months. The...

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