Economic

Post-Article IV Consultation says SL’s outlook subject to large uncertainties with risks tilted to the downside
Stresses economic outlook constrained by debt overhang with public debt rising to unsustainable levels; persistently large fiscal and balance-of-payments financing needs
Reveals GDP growth negatively affected by impact of the FX shortage and macroeconomic imbalances on economic activities and business confidence
Says upside risks include faster-than-expected tourism recovery and stronger-than-projected FDI inflows
Commends prompt policy response and successful vaccination drive to contain COVID spread

පැරසිටමෝල් පෙත්තක නව මිල මෙන්න

Net credit to the Government had ballooned by Rs. 1.7 trillion or 38% to end 2021 at Rs. 6.28 trillion. In 2020 the figure stood at Rs. 4.55 trillion.

Industry experts believe SL could survive with Indian travellers amidst Russia-Ukraine conflict

Posts Rs. 43.2 b Profit Before Tax
Achieves revenue growth of 17%
Net Interest income up 49% to Rs. 111.3 b
Total Assets reach another milestone at Rs. 3.8 t
Deposits and Advances base now well over Rs. 2 t

මහ බැංකු අධිපතිගෙන් ඉල්ලීමක්

Ernst & Young (EY) has signed a Board of Investment (BOI) agreement to set up a 1,000-seat Global Delivery Services centre in Sri Lanka.

World’s biggest lines MSC and Maersk suspend container shipping to and from Russia, deepening country’s isolation
Tea exporters to Russia worry over prospects

Finance Ministry pledges US $ 56mn for global promotion campaign
Funds to be directed towards campaign by 2Q22
Tourism Min says preliminary work of campaign already completed
Campaign management unit, creative agency and digital agency to be appointed
PR firms scheduled to be selected before end of 1Q22

වාහනවල මිල ගණන් ජනතාව විශ්වාස නොකරන අයුරුන් ඉහළ යා හැකියි

LONDON (Reuters): Oil prices surged yesterday as concerns over supply disruptions after Russia's invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release.

2022 වසරේ 23.02.2022 දක්වා දිවයිනට පැමිණ ඇති මුළු විදේශීය සංචාරකයින් සංඛ්‍යාව 150,000 ඉක්මවා ගිය බව වාර්තා වේ.

The two main gas importing companies, "LAUGFS" and "LITRO" today said they would not be able to import gas, as the local banks do not permit them to open Letters of Credit (LCs), which could eventually lead to a massive gas scarcity in the country.

Higher duties on 700 non-essential imports; voluntary flexible working hours among suggestions Central Bank Governor Ajith Nivard Cabraal has mooted new measures to boost foreign exchange earnings whilst saving scarce reserves and awaiting a positive response from the Government.

රට තුළ පවතින සිමෙන්ති හිඟය අවම කරමින් ඉදිකිරීම් කටයුතු ශක්තිමත් කිරීමට ලංවා සංස්ථා සමාගම කටයුතු කිරීමට පියවර ගෙන ඇති බවට වාර්තා වෙයි.

පාස්ක ප්‍රහාරය හේතුවෙන් කඩා වැටුණු ශ්‍රී ලංකාවේ ආර්ථිකය මේ වනවිට දැවැන්ත අනතුරකට මුහුණ දී ඇති බව ජාත්‍යන්තර මුල්‍ය අරමුදල අවධාරණය කරනවා. කොවිඩ් වසංගත තත්වයත් සමග ආර්ථිකය බරපතල අවිනිශ්චිත මට්ටමකට පත්ව ඇති බවයි එම ආයතනය පවසන්නේ.

Workers remittances have plunged to a new low of $ 259 million in January heralding a challenging start for the new year for the Central Bank which has been executing multiple measures to woo inflows via official channels. The figure of $ 259.2 million in January is down by nearly 62% from a year ago and lowest in 13 years. The previous lowest was $ 261.6 million in November 2009.

The Central Bank yesterday said that the services sector expanded in January contrary to a dip as reported by the Daily FT yesterday.