He said the 2021 growth rate was likely to be around "4.5 percent to 5.0 percent." According to official figures, Sri Lanka's reserves rose to 3.1 billion U.S. dollars in December with the central bank borrowing dollars through swaps after falling to 1.6 billion U.S. dollars in November,...
Sri Lanka itself was following flexible inflation targeting (discretionary domestic anchor) while operating a flexible exchange rate (discretionary external anchor) which led to three currency crises in 2015/16, 2018 and also 2020/2021/2022 which is still under way. Both legislators and interventionis...
Sri Lanka recorded deflation in recent months, with the central bank operating deflationary policy and allowing the exchange rate to appreciate. Falling electricity prices helped hotels and other businesses, while container and bunkering was helped by disruptions in the Red Sea which was driving up ac...
“We are delighted to be bestowed with the Employee ESG Program of the Year Sri Lanka 2022’ award at the sought-after Global Banking and Finance awards. The HR function is becoming increasingly critical in times of uncertainty that the world is seeing...
They have lots of manual work compared to other banks in Sri Lanka. The staff needs to learn about customer care especially in Jaela branch. Date of experience: April 04, 2024 UsefulShare Jayalath Wickramasinghe 1 review LK Sep 5, 2022 This bank raised the interest rate of pensioners' ...
While there may be turbulence in exchange rates after the government relaxed exchange controls, the exchange rate will be stabilized soon with the improvement of market activities, said Anil Perera, director of the Department of Economic Research of the central bank, at a press conference on Friday...
Role of bank lending in sustaining income/ wealth inequality in Sri LankaC A Saliya
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Samrat Chaudhary GST Rate Rationalisation GoM New finance minister from Odisha GoM on Analysis of Revenue from GST Ajit Pawar GoM on Boosting Real Estate Sector under GST May 2024 Name of the PersonDesignation Air Marshal Nagesh Kapoor Air Officer Commanding-in-Chief of the Training Command...
demands deep reforms to stabilize the economy and protect the poor and vulnerable. Sri Lanka’s poverty rate is estimated to have doubled from 13.1 to 25 percent between 2021 and 2022—an addition of 2.5 million poor people—and is projected to increase by another 2.4 percentage...