Economic

Feeders which carry cargo of Non Vessel Operating Common Carriers insist direct billing with three terminals at Colombo Port from 1 March
Three terminals SLPA-JCT, SAGT and CICT unwilling as of now
Move follows worsening dollar crisis in the country
NVOCC operators have been an integral part of the supply chain in Sri Lanka and urge swift resolution by shipping and port stakeholders
Warn failure could result in Colombo losing status as South Asia’s hub port status

ශ්‍රී ලංකාවේ ඩොලර් හිඟයක් උද්ගතව ඇත්තේ අපට ඩොලර් නොමැති නිසා බවට බොහෝ දෙනා සිතුවත් එම මතය සාවද්‍ය බව ශ්‍රී ලංකා මහබැංකු අධිපති අජිත් නිවාඩ් කබ්රාල් මහතා පවසයි.

District Court declares all persons are equal before the law irrespective of their position in case filed by Lanka Realty Leisure over lease of land in Yala tourism zone

Solar Universe in Vavunathivu adds 10 MW; Hiruras Power in Mannar 15 MW
3Q Group consolidated revenue at Rs. 3.6 b; bottom line up 4% YoY
Hydro power revenue up by 25%; solar has growth of 22%

CPC තෙල් මිලත් වැඩිවෙයි ?

The Colombo Stock Exchange (CSE) is in the process of revisiting the listing rules governing the basis of allotment of shares in an IPO to ensure greater transparency and fairness in allotting shares to applicant subscribers by prospective issuers.

The Colombo stock market closed in the green regaining Rs. 65 billion of lost value yesterday but the rebound was not strong enough to push the year to date ASPI to a gain, signalling CSE is still not out of the woods yet.

මහ බැංකුව කළ වැඩක් එළියට

Tourism Minister calls on SLTDA to take all precautions to ensure safety of tourists
Mandatory COVID insurance coverage revised upwards to $ 75,000 with same fee of $ 12
Steps taken to fast-track setup of Tourist Police Units

Urges public and investor community not to be misled by inaccurate stories, misleading opinions and deliberate misinterpretations spread by certain parties with vested interests
The Central Bank (CBSL) yesterday reiterated Sri Lanka’s commitment to service forthcoming debt obligations and dismissed media reports that claimed the country was on the verge of default.

Group EBITDA almost double to Rs. 14.3 b in first nine months and up 76% to Rs. 6.6 b in 3Q
Cumulative PBT grows more than two-fold to Rs. 4.8 b as against Rs. 2.8 b loss a year earlier
3Q figure soars by 224% to Rs. 3.2 b
PAT doubles to Rs. 3.1 b from a Rs. 3.1 b loss for 9 months; 3Q figure up 184% to Rs. 2.2 b
Revenue up 46% to Rs. 84 b in 9 months and 45% to Rs. 32 b in 3Q
Chairman Ashok Pathirage says forex shortages cast temporary shadow over economy
Urges long-term solutions with cross-border and multilateral agencies without myopic quick fix solutions to ensure sustainable economic recovery

Central Bank Governor Nivard Cabraal yesterday said the request to the International Monetary Fund (IMF) was nothing but routine.

Reiterates 25% surcharge with retrospective effect on already taxed past profit as violation of rule of natural justice, unethical, unfair and destroys business confidence
Says SL facing global ridicule of being a nation taxing reserves as well as disrespecting international accounting standards
Govt. move has sparked fresh concerns among existing and prospective foreign investors
Acknowledges Govt. needs money but insists proper way is to introduce new one off tax across the board to all
Some private sector analysts suggest Govt. should exclude profit of Rs. 1 to Rs. 1,999 m made by companies when computing the 25% surcharge tax liability

Online shopping today is not a new phenomenon. From the evolution of the internet to accelerated digitalisation to the booming e-commerce industry, people have come a long way to make life simpler.

Despite assurance from electricity regulator, several parts in the country experience power outages
PUCSL Chief Janaka Ratnayake reiterates no approval given for load shedding
CEB officials say power outages experienced were due to non-availability of fuel
Brandix, MAS, Omega Line take prompt action to ease load on national grid, activate stand-by generators at factories
Power Minister Gamini Lokuge says electricity tariff will not be increased in near future
By Charumini de Silva

මෙරටට ඩොලර් ගෙන්වා ගැනීමේ අරමුණින් ක්‍රියාත්මක කළ හැකි නව වැඩසටහනක් පිළිබඳ යෝජනාවලියක් ප්‍රකට ව්‍යාපාරික ධම්මික පෙරේරා විසින් රජයට ඉදිරිපත් කර තිබෙනවා. එය නම් කර ඇත්තේ ශ්‍රී ලංකා ගෝල්ඩන් පැරඩයිස් ප්‍රෝග්‍රෑම් ලෙසයි. විදේශිකයින් සඳහා මෙම අවස්ථාව ලබාදීමට යෝජනා කර ඇති අතර ඒ සදහා ඔවුන් විසින් සපුරා ලිය යුතු සුදුසුකම් කිහිපයක් යෝජනාවලියේ දක්වා තිබෙනවා.

නව වැඩබලන අධ්‍යක්ෂ ජනරාල්වරි පත්වීම භාර ගනී

The Colombo stock market yesterday staged a strong recovery after a heavy beating in the early part of the week.