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Sri Lanka among most vulnerable to BoP crises

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Moody’s Investors Service said that Pakistan and Sri Lanka are among the South Asian countries that are most vulnerable to balance of payments (BoP) crises.

The international credit ratings agency issued the report citing low exports and the lack of foreign direct investment.

Moody’s said India was the least vulnerable country to BoP crises due to its larger and more diversified export sector, adding that New Delhi also had better macroeconomic policy management in place.

In its latest report, Moody’s said, “Bangladesh, Pakistan and Sri Lanka have much weaker infrastructure compared with India, contributing to high costs to trade,” adding that the South Asian nations’ market access to other countries is limited on account of them having fewer trade agreements.

(newsfirst)

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278 prison inmates to be pardoned

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A total of 278 inmates at prisons across the island will be released tomorrow in view of Vesak festival, the Prisons Department said.

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Parliament suspended due to lack of quorum

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Parliament sessions were abruptly suspended until June 04 due to a lack of quorum. 

There were less than 20 member present during the time of suspension. 

MP Jagath Samarawickrama was at the Chair.

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Notice for students sitting for Grade 5 scholarships

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The Department of Examinations has announced that the 2024 Grade Five Scholarship Examination will be held on September 15 this year.

It adds that applications for the examination will be accepted online from May 27 – June 14, 2024 and acceptance of applications will not be extended beyond the announced period.

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