Chinese sailor arrested at Colombo port

Central Bank of Sri Lanka relaxes its monetary policy stance

The Central Bank of Sri Lanka has relaxed its monetary policy stance in line with the faster than expected slowing of inflation. The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 31 May 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 250 basis points to 13.00 per cent and 14.00 per cent, respectively. The Board arrived at this decision with a view to easing monetary conditions in li

01 Jun, 2023

Sri Lanka and IMF look at strengthening financial governance

Sri Lanka and the International Monetary Fund (IMF) have looked at strengthening financial governance in Sri Lanka. State Minister of Finance Shehan Semasinghe had talks with the Deputy Managing Director of the IMF, Kenji Okamura. “It was a great pleasure to meet IMF DMD HE Kenji Okamura. Discussed the progress of the EFF programme, challenges & opportunities & the ambitious reform agenda implemented by the govt of LKA to stabilize & promote growth despite the challenging macroeconomic environ

31 May, 2023

CCTV footage of theft at Sri Lankan temple in Adelaide being analysed

By Easwaran Rutnam in Adelaide The Police in Adelaide are analyzing CCTV footage of a theft at a Sri Lankan Buddhist temple in Adelaide. President of the Management Committee of the temple, Duminda Kottahachchi, told Colombo Gazette that the Police had requested the original footage from the CCTV cameras. He said that the robber had appeared on only one CCTV camera and had been hidden on the other cameras. The Sri Lankan Buddhist temple in Adelaide was looted last Friday with the thief steal

31 May, 2023