Economic
Sri Lanka’s 72-year-old leading public quoted company Hemas Holding PLC is set to enter the Omani market.
The Joint Apparel Association Forum (JAAF) has urged all party leaders to “Make Sri Lanka First” a national priority and agenda.
Manufacturing and services suffer widespread contraction with dip in employment
Export-oriented manufacturing firms also witnessed lower than anticipated orders
Services activities contract for third consecutive month
For next 3 months, overall expectations for manufacturing and services activities continued to deteriorate
The Colombo stock market remained positive for the second consecutive day with improved turnover as investors await key political developments.
The Ceylon Chamber of Commerce in a statement called upon all political party leaders to come together at this time of grave crisis and act in the best interest of the nation to arrive at a consensual decision that will pave the way for a smooth transition of power in accordance with the Constitution.
Operations at the Hambantota International Port (HIP) from port services, marine services, energy hub, Port Industrial Park and integrated logistics are running uninterrupted, despite the current fuel crisis in the country. As an essential service, HIP has ensured continuous fuel supply to enable the port to function 24/7 with no disruptions in shipping, logistics operations and services.
The Central Bank yesterday renewed its warnings issued against the usage of virtual currencies stressing that it hasn’t issued any license or authorisation to any entity or company to operate schemes involving virtual currencies, including cryptocurrencies, and has not authorised any initial coin offerings (ICO), mining operations or virtual currency exchanges.
The Colombo stock market reinforced its struggle finishing the week down by 5% though yesterday the indices closed in green but it was an over two month low turnover.
The Ceylon Chamber of Commerce yesterday called upon all parties to support the constitutional process to resolve the current crisis.
The Central Bank has been compelled to print money in order to prevent a total breakdown of fuel supply in the country, as the Ceylon Petroleum Corporation (CPC), does not have sufficient rupees to buy dollars for fuel purchases, Central Bank Governor Dr. Nandalal Weerasinghe said.
Bringing much relief to business and the banking sector, the Central Bank has announced the extension of the debt moratorium till December subject to certain conditions.
We live in an era where women are a force of their own. The doors of opportunities are wide open for them to showcase their talents, abilities and their skills. Today’s digital world has provided the perfect platform for women to start their businesses. Though many women have managed to break barriers and shine in their respective fields, many are unable to do so due to various reasons.
රට තුළ පවතින දේශපාලන අස්ථාවරත්වය හේතුවෙන් ජාත්යන්තර මුල්ය අරමුදල සමඟ පැවැත්වෙන සාකච්ඡාවල ප්රගතිය ප්රමාද විය හැකි බව මහ බැංකු අධිපති ආචාර්ය නන්දලාල් වීරසිංහ පවසනවා.
Monetary Board hikes policy rates by 1% with immediate effect
Governor Dr. Nandalal Weerasinghe justifies tight monetary policy action to curtail high inflation
Says over 50% inflation a major concern CBSL wants to address before it escalates to forecast level of 70%
Insists Sri Lanka was certainly not ready to go into ‘hyperinflation’ situation
Highlights importance of implementing monetary, fiscal policies, and structural reforms in SOEs simultaneously
Claims delay to impose correct prices for electricity adversely impacted CPC cash flows
Reveals CPC does not generate sufficient rupees even after price hike and by selling all petroleum products
Treasury requests CBSL to print Rs. 217 b for CPC
CBSL categorises CPC, CEB and SriLankan Airlines as major loss-making SOEs
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