Teachers to be banned from accepting gifts from students

CSE records strong gains in first half of 2017

The Colombo Stock Exchange (CSE) has recorded a noteworthy turnaround in the first half of 2017, having started the year on the back of a slow-moving 2016. The Benchmark All Share Price Index (ASPI) has made consistent gains to record an 8.23% gain year-to-date, and as of 17th July stands at 6,741.07. The S&P SL 20 index, which features the CSE?s 20 largest and most liquid stocks has also improved consistently, making a 11.03% gain in 2017 (year-to-date) and closing at 3,882.14 points as of 17t

18 Jul, 2017

IMF approves US$ 167.2 Million disbursement to Sri Lanka

The Executive Board of the International Monetary Fund (IMF) completed the second review of Sri Lanka?s economic performance under the program supported by a three-year extended arrangement under the Extended Fund Facility (EFF) arrangement. Completion of the review enables the disbursement of the equivalent of SDR 119.894 million (about US$ 167.2 million), bringing total disbursements under the arrangement to the equivalent of SDR 359.682 million (about US$ 501.5 million), the IMF said today.

18 Jul, 2017

Prime Minister of Singapore to visit Sri Lanka early next year

The Prime Minister of Singapore Lee Hsien Loong is scheduled to visit Sri Lanka early next year and a Sri Lanka – Singapore Free Trade Agreement (FTA) is expected to be finalized during the latter part of 2017, Foreign Minister Ravi Karunanayake said today. Vivian Balakrishnan, Minister of Foreign Affairs of the Republic of Singapore met?Karunanayake for talks in Colombo today. Speaking to the media following the talks,?Karunanayake said that?Sri Lanka and Singapore enjoy strong and robust bil

18 Jul, 2017