Economic
The Central Bank of Sri Lanka (CBSL) this week further justified its gazette requiring early conversion of export earnings, saying requirements and concerns of all stakeholders have been addressed whilst prioritising national interest.
Global real GDP growth was weaker than expected in 3Q21 as supply constraints caused a greater share of nominal demand growth to feed into higher prices, Fitch Ratings said this week.
In its standing as the National Body of Accountants, officials of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently met with Minister of Finance Basil Rajapaksa, and the Secretary to the Treasury S.R. Attygalle, to discuss the upcoming National Budget for 2022.
ඔක්තෝබර් අවසානය වනවිට ලංකාවේ නිල සංචිත ප්රමාණය ඩොලර් මිලියන 2,267.5 දක්වා තවදුරටත් පහත බැස තිබෙනවා. මෙම ප්රමාණයට රන් සංචිත හා ජාත්යන්තර මූල්ය අරමුදලේ ඇති සංචිතත්, ජාත්යන්තර මූල්ය අරමුදලෙන් මෑතකදී ලැබුණු ඩොලර් මිලියන 787 ක් පමණ වටිනා SDR ප්රදානයෙන් නොවිකුණා ඉතිරිව ඇති ප්රමාණයද ඇතුළත්.
The Presidential Export Awards are the most prestigious awards presented by the President to exporters in recognition of their outstanding contribution to the export sector and to the economic development of the country.
Aimed at riding its next growth wave, Sri Lanka’s pioneer e-commerce enterprise Kapruka is to list on the Colombo Stock Exchange via a Rs. 500 million Initial Public Offering (IPO).
The coconut products sector aims to explore prospects for exports to Europe via the International Plant Messe (IPM) Essen in Germany early next year.
The Tea Exporters Association (TEA) expressed confidence that the industry is likely to achieve the set targets of 280 million kg and $ 1.3 billion by end of this year, despite the multiple internal and external challenges.
The Central Bank (CBSL) has established a new department named the Foreign Remittances Facilitation Department (FRFD) to facilitate and streamline workers’ remittances inflows to the country, under the provisions of the Monetary Law Act No. 58 of 1949.
The Financial Intelligence Unit (FIU) has imposed fines on three financial institutions as penalties to enforce compliance during the third quarter of 2021.
Two Citrus Leisure Plc hotels have reopened for international and local tourists since last Friday.
Reuters: Shares logged record closing levels for the third straight session on Friday, propelled by strong gains in financial stocks.
Investor sentiment remained mixed at the Colombo stock market with the two price indices moving in opposite directions, though turnover was healthy.
The Hambantota International Port (HIP) recently facilitated the shipment of locally manufactured trailers, marking the beginning of its services to the local exporters as a gateway port.
ASPI and S&P SL finished Oct. with 7.4% and 5% respectively, propelling YTD gain to 50% and 48.5%
YTD net foreign selling tops Rs. 46 b mark
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