Economic
The Colombo stock market began a fresh week on a positive note with improved investor activity.
මුදල් රාජ්ය අමාත්ය අජිත් නිවාඩ් කබ්රාල් මහතා මාධ්යය සාකච්ඡාවකට එක් වෙමින් පවසා සිටියේ වාහන ආනයනය සදහා පනවා ඇති සීමා ලිහිල් කිරීම කෙරෙහි අවධානය යොමුකර ඇති බවයි.
The Rupee slumped to a new low yesterday as the US Dollar exchange rate touched a record Rs. 202.
Negotiations are underway with several investors to start vehicle assembly plants in Sri Lanka with the Government keen to promote the country as a hub for vehicle value addition, State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal, told Parliament yesterday.
ඩොලරයට සාපේක්ෂව රුපියලේ අගය අවප්රමාණය වීම මෙම වසර පුරා අපේක්ෂා කළ හැකි බව කොළඹ විශ්ව විද්යාලයේ ආර්ථික විද්යා අධ්යයන අංශයේ ජ්යෙෂ්ඨ කථිකාචාර්ය ආචාර්ය ප්රියංග දුනුසිංහ පවසනවා. මෙම තත්ත්වය මග හරවා ගැනීම සඳහා කෙටි කාලීනව ගත හැකි ක්රියාමාර්ග නොමැති බවයි ආචාර්ය ප්රියංග දුනුසිංහ නෙත් නිවුස් කළ කරුණු විමසීමකදී කියා සිටියේ.
The Colombo stock market ended March on a negative note, but fared better than the sharper slump experienced in February.
The Central Bank yesterday said that so far this year, $ 1.2 billion worth of debt service payments have been made on account of Sri Lanka Development Bonds (SLDBs) and foreign currency loans from domestic banks.
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, has unveiled neighbour-free seats.
CEAT Kelani Holdings yesterday announced another significant increase in production that will more than double the number of Truck Bus Radial (TBR) tyres reaching the domestic market by June this year, further supporting the national effort to reduce dependence on imports and conserve foreign exchange.
The Colombo Stock Exchange (CSE) says it has shown exponential growth in the just ended first quarter in comparison to a year ago despite the recent dip.
The Colombo stock market began April on a strong note with both indices up with stepped up investor activity, though foreign exodus got aggressive with the year-to-date (YTD) figure topping the Rs. 18-billion-mark, raising concerns.
Cabinet has given approval for land allocations in nine industrial zones around the country for the purpose of fresh investment projects, an official said yesterday.
The tourism sector has received more time to repay low interest bearing working capital loans obtained to cope with the COVID-19 pandemic.
In a major move, the State-owned utility, the Ceylon Electricity Board (CEB), has opted for the first time to raise Rs. 20 billion in debt capital from investors in the Colombo stock market.
The Government yesterday defended the decision to give sweeping tax concessions and other incentives to attract investment to the $ 1.4 billion Port City, insisting it would be a catalyst for greater economic growth for Sri Lanka.
Headline inflation, as measured by the year-on-year (YOY) change in the Colombo Consumer Price Index, increased to 4.1% in March 2021 from 3.3% in February 2021, the Central Bank said in a statement yesterday.
National Savings Bank (NSB) yesterday announced impressive performance for 2020 despite unprecedented challenges both for the organisation and the country.
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