Economic

The Colombo stock market yesterday survived a choppy day of sentiments to close marginally on the up by 0.5% amidst healthy turnover.

The Consumer Affairs Authority (CAA) has allowed Liquefied Petroleum Gas (LPG) companies to resume distribution of cylinders from yesterday, subject to three new guidelines recommended by a technical committee.

State-run Litro Gas has stopped issuing Liquefied Petroleum Gas (LPG) to the market to conduct an audit on the entire stock, following the fires and explosions recorded from countrywide.

Central Bank Governor Ajith Nivard Cabraal yesterday called on the private sector to join hands to revive Sri Lanka from the challenges of COVID-19 towards a sustainable growth trajectory.

රත්‍රං මිලට සිදුව ඇති දේ

Bank accounts of those who distribute & receive money through unlawful money transfer methods will be frozen with immediate effect, Central Bank Governor Ajith Nivard Cabraal said.

The Central Bank’s arbitrary cap on the exchange rate came under fire yesterday at the Ceylon Chamber of Commerce Economic Summit Day 1.

ගෘහස්ත ගෑස් සැපයීම නැවත ආරම්භ කිරීමට ලිට්‍රෝ සහ ලාෆ් ගෑස් සමාගම් දෙක තීරණය කර තිබෙනවා.

ශ්‍රී ලාංකික ශ්‍රමිකයින් විදේශ රටවල සිට එවන එක් ඩොලරයක් සදහා රුපියල් දහයක් ලබාදීමට ශ්‍රී ලංකා මහ බැංකුව තීරණය කර තිබෙනවා. ශ්‍රී ලංකා මහ බැංකුවේ මුදල් මණ්ඩලය විසින් විදේශ සේවා නියුක්තිකයන්ගේ ප්‍රේෂණ සඳහා දිරි දීමනා යෝජනා ක්‍රමය යටතේ දැනටමත් අමෙරිකානු ඩොලරයක් සඳහා රුපියල් 2 ක දිරි දීමනාවක් ලබාදෙනවා.

Double-digit growth recorded in seven export sectors
Investment pipeline poised to expand current export basket further

ඉන්ධන ගෙන්වීම තවත් අර්බුදයක් වෙයි

වසර 12 කට පසු මෙරට වැඩිම උද්ධමනය ඉකුත් නොවැම්බර් මාසයේදී වාර්තා වි තිබෙනවා. ශ්‍රී ලංකා මහා බැංකුවේ දත්තවලට අනුව නොවැම්බර් මාසයේ උද්ධමනය සියයට 9.9 ක් දක්වා ඉහළ ගොස් ඇත්තේ ආහාර සහ ආහාර නොවන කාණ්ඩ දෙකේම මිල ඉහළ යාම හේතුවෙන්.

Governor Nivard Cabraal cracks the whip on illegal channels and incentivises flows via banking system
$ 300 m drop last month in foreign remittances via formal system
CBSL suspects inflows via grey market could be for drug trade
CB Chief urges public to only use formal channels, whilst cautioning on unnecessary trouble in supporting the illegal activities of the ‘drug trade’
Effort is not only to increase value of remittances but to end money laundering
Financial Intelligence Unit and Police track systems on unlawful money transmission; recipient accounts frozen
Opines migrant workers fully aware of risks by Hawala and Undial systems
Says CB does not want rupee to depreciate further
Govt. to introduce special incentives to reward migrant workers with pension, insurance, enhanced duty-free access and credit facilities for dependents from January
96,000 left for foreign employment in first 11 months, 20-25,000 more likely in December

Central Bank Governor Ajith Nivard Cabraal on Tuesday stressed that while many Sri Lankan businesses were coming to understand the need for data security, few appreciated the importance of data integrity.

The Central Bank (CBSL) on Thursday expressed confidence of workers remittances rebounding with the rollout of multiple initiatives.

Browns Investments PLC (BIL) on Friday revealed that it had already invested $ 114 million, or Rs. 23.2 billion, so far for multiple projects in the Port City with commitment for a further $ 86 million in the next two years.

The Kingsbury Colombo has become the first city hotel to hire a female Executive Chef, an Indonesian with over 25 years of culinary experience.

Sharp gains by LOLC and Expolanka boost market’s value
LOLC share price eyes Rs. 1,000 mark after peaking to Rs. 990
YTD net foreign outflow surpasses Rs. 50 b mark too; heading for record figure in 2021
Bourse ends November with 12.57% gain, the best MOM performance since January 2021
S&P SL20 closed higher for the fifth consecutive month