State Minister of Samurdhi, Household Economy, Micro Finance, Self-Employment and Business Development, Shehan Semasinghe said considering this difficult period as well as keeping to the promise given by President Gotabaya Rajapaksa, the Government has brought down the interest rates. The rupee against the Dollar is now between Rs.180 and 186 which was almost Rs.200 when the Government took office.The...
Digital multinational conglomerates engage in predatory...
Responding to concerns, Mass Media Minister Keheliya Rambukwella said his recent statement regarding the social media regulations has been portrayed in a “garbled manner” and the true meaning has not been conveyed.Clarifying his statement, Minister Rambukwella said the Government’s intention is not to register social media users but to look into a mounting concern shared by Governments across the world...
Volleyball, branded as the national sport of Sri Lanka, a declaration that even cricket does not have, has been thrown into cold stage and its players disbanded from training and ordered to go home.The governing body of the sport, the Sri Lanka Volleyball Federation, has decided not to take part in any tournaments conducted by the Asian Volleyball Confederation (AVC) in 2021 which means the national team...
Sri Lanka’s growth will return to medium term trend levels of +3% to 4% in 2020-2021 weighing up the various risks and the government’s economic response to the pandemic, said Senior Research Associate at the Overseas Development Institute in London Dr. Ganeshan Wignaraja. He said there seems a consensus among forecasters that Sri Lanka’s growth in 2020 will be negative and one of the...