News

Cabinet clears bill for new monetary law

Published

1 year ago

February 14, 2023

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Sri Lanka’s cabinet of ministers has cleared the draft of a new monetary law to be published in the government gazette and presented to parliament, Minister Bandula Gunawardana said

The new law is expected to reduce the room to print money, he said.

The new law is expected to legalize flexibile inflation targeting, which has been in operation from 2015 as two currency crises were triggered through a flexible exchange rate which is neither a clean float nor a hard peg, drawing concerns.

A new monetary law is part of an IMF program.

Officials have said the new law will have provisions for macro-prudential monitoring.

(economynext.com)

News

O/L tuition classes banned from May 1st

Published

30 mins ago

April 25, 2024

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The Department of Examinations has announced the prohibition of tuition classes and seminars for the 2023 GCE Ordinary Level exam, effective from midnight on the 30th of April.

Deputy Commissioner of Examinations, Lasika Samarakoon, emphasized that strict measures will be taken against individuals found violating this regulation.

Preparations are underway for the GCE O/Level exam scheduled to take place from May 6-15.

Additionally, the Department of Examinations has revealed that the results of the recently concluded GCE Advanced Level examination will be released in May.

News

Iran – SL sign 5 MoUs (Video)

Published

13 hours ago

April 24, 2024

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Iran and Sri Lanka signed five memorandums of understanding (MoUs), aimed at bolstering bilateral relations between the two countries.

The MoUs signed will cover cooperation in film, media, tourism, cooperatives, libraries, and cultural, scientific, technical, and sports fields between the two countries, the Presidential Media Division notes.

Earlier in the evening, the Iranian President – Dr. Ebrahim Raisi and his Sri Lankan counterpart President Wickremesinghe held one-on-one discussions, followed by a bilateral meeting between representatives of both nations at the Presidential Secretariat.

(Video – PMD)