Items filtered by date: September 2018
President Maithripala Sirisena will address the United Nations General Assembly (UNGA) today (September 25). This will be President Sirisena’s fourth consecutive annual address to the world body.
Prime Minister Ranil Wickremesinghe yesterday said that the government will have to slash imports by US$ 500 million to US$ 1 billion by imposing duties on some sectors because of current economic constraints due to strengthening of the US dollar.
Former Sri Lankan President Mahinda Rajapaksa (R) walks away after addressing reporters at his residence in Colombo on 22 September, demanding fresh elections as a way to tackle the rapidly-depreciating local currency. Rajapaksa said the rupee had fallen by over 8% against the US Dollar because of poor economic management of the Government and not entirely due to the global strength of the green back – AFP
Police Chief Inspector General of Police (IGP) Pujith Jayasundera and a team of Sri Lankan officials will leave for London to participate in a workshop conducted by Scotland Yard.
Showers or thundershowers will occur in the Northern, Eastern, North-central, Uva and Central provinces and in the Galle, Matara Kaluthara and Kurunagala districts after 2 pm. Heavy falls of about 100 mm can be expected at some places, according to the Meteorological Department.
Sri Lanka will be enforcing several new taxes while revising some existing taxes in January next year.
Sri Lanka’s inflation has come down slightly with Central Bank’s action of maintaining policy interest rates at their current levels at 7.25 per cent and 8.50 per cent, respectively.
In the wake of rupee depreciation to a new high, Sri Lanka's commercial banks have been restricted of excessive foreign currency borrowings and maintaining foreign exchange reserves with the aim of preventing unwarranted macroeconomic and financial stability concerns.
Sri Lanka will be implementing worldwide brand promotion campaign with the aim of finding new markets and strengthening existing ones for Ceylon Tea.
A very late election night victory rally in Michigan for candidate Rashida Tlaib on Aug. 7, followed a week later by an election night victory rally in Minnesota for candidate Ilhan Omar, marked an inflection point in American politics.