Economic
මුදල් මණ්ඩලය විසින් ගනු ලැබූ තීරණයක් අනුව, අසාර්ථක වූ මූල්ය සමාගම් පහක් ඈවර කිරීමට මහ බැංකුව තීරණය කර තිබේ.
Hamilton Reserve Bank in January was optimistic about Sri Lanka and tweeted this sentiment along with a picture of then CBSL Governor Nivard Cabraal. The tweet read: “#HamiltonReserveBank expands into #SriLanka, fully supports Central Bank of Sri Lanka @CBSL Governor Ajith Nivard Cabraal @an_cabraal #GOSL #ISB, signing up 5 new multicurrency correspondent banks for HRB clients. Appreciates the efforts of HRB executive Ghassan Nasr (left)”
Cumulative merchandised exports up by 9.7% to
$ 5.16 b, services exports up 93% to $ 1.47 b
SL ships $ 980.2 m worth of merchandised exports in May up by 5.6% YoY and higher than $ 915.3 m in April
Apparel and textiles, coconut based products, electrical and electronic components and seafood report higher export earnings in May
The Colombo stock market this week succeeded to close on the up reversing the losing streak suffered in the previous three weeks.
LONDON (Reuters): More than 30 asset managers holding Sri Lanka’s international bonds announced on Tuesday the formal launch of a creditor group to start debt restructuring talks with the island nation, according to a statement from legal adviser White & Case LLC.
ලොව ප්රධානතම ජාත්යන්තර ණය ශ්රේණිගත කිරීමේ ආයතනයක් වන ෆිච් රේටිංස් ආයතනය ලංකා බැංකුවේ විදේශ විනිමය ශ්රේණිගත කිරීම් CC සිට ‘Restricted Default’ හෙවත් RD දක්වා පහත හෙළා තිබේ.
The Colombo Stock Exchange (CSE) yesterday announced the appointment of Dilshan Wirasekara as the Chairman of the Board of Directors with effect from today.
The decline in earnings in May was in lockstep with the decline in the arrivals which also
halved to 30,207 from April and plunged 72 percent from March levels as travel advisories
were issued by several top sourcing markets in May
Earnings plunge to US$ 54.3mn from US$ 113.3mn in April and US$ 191.5mn in March
Cumulative earnings for January-March at US$ 680.7mn
Industry downgrades earnings target to about a billion dollars
Industry awaits extension of the debt moratorium by further 6 months
Foreign exchange income from tourism, the largest services inflow to Sri Lanka after remittances, more than halved in May as the island nation’s economic crisis and the resultant social unrest appears to be getting worse.
As a result, the industry which began the year with full of hopes to make the most from the pent-up travel demand after the pandemic, is now bracing for yet another challenging year with industry stakeholders making up their minds for about a billion dollars worth income in 2022, less than a third of what the industry was forecasting to achieve at the start of the year.
According to the earnings data published by the Central Bank, the industry saw its earnings plunging to US$ 54.3 million in May, less than half of US$ 113.3 million earned in April and less than a third from US$ 191.5 million earned in March.
CB on April 10 removed all administrative caps on credit cards and allowed banks to set the price of such loans
Former Central Bank (CB) Governor Ajith Nivard Cabraal claims that CB has returned to fixing the rupee/dollar exchange rate through the introduction of the so-called ‘guidance’ rate which he views as similar to the fixed rate adopted by the CB under his predecessor Prof.W.D. Lakshman.
The Port City Colombo will feature prominently at the year’s Commonwealth Heads of Government Meeting taking place in Rwanda this week.
ශ්රී ලංකා මහබැංකුව පසුගිය සතිය තුළ පමණක් රුපියල් බිලියන 40ක මුදල් අච්චු ගසා ඇති බව වාර්තා වේ.
Trillium Property Management, a luxury apartment owner, developer, and operator yesterday held the groundbreaking ceremony of its latest 60 upscale duplex (two stories) apartment project with exclusively designed two villas at its strategic location at No. 33, Lionel Edirisinghe Mawatha, Colombo-5.
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