Bloomberg – India’s central bank delivered its third straight interest-rate increase since May in an effort to return inflation to target and fend off further attacks on the currency. Bond yields and the rupee rose. The repurchase rate was raised by 50 basis points to 5.40% Friday, a level last seen before the Covid-19 pandemic, […]
By Ifham Nizam The Ceylon Electricity Board ((CEB) should be restructured without any political interference as international lenders like the International Monetary Fund (IMF) and particularly the Asian Development Bank (ADB) would not entertain ad hoc committee decisions when it came to restructuring, a senior electrical engineer who is also an executive member of the […]
Chinese research vessel saga By Rathindra Kuruwita There would be constant pressure on Sri Lanka to distance itself from China in the future, Ramindu Perera, lecturer at the Open University Law faculty said, commenting on the controversy surrounding the Chinese research vessel, Yuan Wang 5.Sri Lanka, thus, must figure out how to benefit from the […]
PETALING JAYA:Sri Lankans, who have been entering Malaysia, under visit visas, in the hope of obtaining employment passes here, were denied entry by the authorities.According to a report by Sri Lanka’s Daily Mirror, at least 20 Sri Lankans were reportedly deported, weekly, from Malaysian airports.The report said Malaysian Immigration authorities are taking stringent measures to […]
Emergency receives some lawyers’ backing: By Shamindra Ferdinando In spite of the Bar Association of Sri Lanka (BASL) being quite clearly opposed to the declaration of Emergency, to deal with the continuing challenge posed by the ‘protest movement’, an increasingly vociferous section of the lawyers overwhelmingly support measures taken by President Ranil Wickremesinghe, who is […]