Economic

The contract to construct 3,000 housing units for middle-income families and newly wedded couples was awarded to a group of local contractors recently.

ශ්‍රී ලංකා මහ බැංකු අධිපති විසින් 2021 සහ ඉදිරියට මුදල් හා මූල්‍ය අංශ ප්‍රතිපත්ති එළිදැක්වීම 2021 ජනවාරි මස 04 වැනි සඳුදා සිදු කිරීමට නියමිත ව ඇත.

The Central Bank is likely to aggressively intervene in the money markets and pump US dollars this week to reduce pressure on the rupee which surged to Rs. 192.50 (per US dollar) last week.

Hundreds of renewable power generation companies in Sri Lanka are calling on the Government to gazette its renewable energy target of 70% by 2030 as legally enshrining the goal will help the country fast-track dozens of backlogged projects that could add 1.5 gigawatts (GW) to the national grid, an official said yesterday.

පසුගිය දින කීපය තුල ශ්‍රීලංකා රුපියල අනෙකුත් විදේශ මුදල් ඒකක වලට සාපේක්ෂව විශාල වශයෙන් පහල යාමට පටන් ගැනීමත් සමග රුපියලේ අගය රැක ගැනීම සඳහා ශ්‍රීලංකා මහා බැංකුව විශේෂ ක්‍රියාමාර්ග ගනිමින් සිටී. මේ වන විට ඩොලරයක් රුපියල් 188 දක්වාද යුරෝ එකක් රුපියල් 229.85 දක්වාද ස්ටර්ලින් පවුමක් රුපියල් 253 දක්වා ද ඉහල ගොස් තිබේ.

රාජ්‍ය ඇමැති දයාසිරි ජයසේකර මහතා ප්‍රකාශ කරන්නේ 2021 වසරේ අපේ‍්‍රල් මස 01 වැනිදා සිට ආනයනික නිමි ඇඳුම් සඳහා විශේෂ බදු මුදලක් අය කිරීමට කටයුතු කරන බවයි. මෙසේ බදු මුදලක් අයකිරීමට හේතු වන්නේ දේශීය නිමි ඇඳුම් කර්මාන්තය ආරක්ෂා කර ගැනීමේ අරමුණින් යුතුව බවද එතුමා අවධාරණය කර සිටියේය.

The Colombo Stock Market yesterday remained resilient reaching a near three-and-half-year high with above average turnover.

Reuters: Shares ended at a more than three-year high on Monday, helped by gains in industrial and financial stocks.

Pelwatte Dairy Industries – the national leader in dairy and dairy products – stands in support of Sri Lankan farmers with regard to the ongoing Maha Oya land issue that has reportedly put the dairy farming community at stake. The company looks forward to having a sustainable strategy in place with the partnership and commitment of all stakeholders involved, thereby nurturing families, safeguarding cattle, and building the economy.

Spectrify AI, a part of VeracityAI Sri Lanka’s fastest going AI company, has announced the launch of a new suite of solutions specifically designed to radically optimize production, agri-inputs, and quality control across the entire value chain for tea, spices and herbs – a first in Sri Lanka.

The Central Bank has approved the amalgamation of Arpico Finance Company PLC (AFC) with the Associated Motor Finance Company PLC (AMF), with the latter being the surviving entity.

As the number of COVID-19 cases in the Western Province continues to increase, the management of MAS said in a statement it is closely monitoring a developing situation at its manufacturing facility Unichela in Panadura.

Sri Lanka’s fishing industry is facing immense challenges as its lifeline – local and export markets – have ground to a near halt due to failure of successive governments to develop the industry.

Sri Lanka has postponed the reopening of its airspace for commercial flights until further notice to prevent the spread of a new variant of the coronavirus, officials said.

මෙරට ලැයිස්තුගත මූල්‍ය සමාගම් දෙකක් වන ආපිකෝ ෆයිනෑන්ස් කම්පැනි පීඑල්සී හා ඇසෝසියේටඩ් මෝටර් ෆයිනෑන්ස් කම්පැනි පීඑල්සී යන මූල්‍ය සමාගම් දෙක ඒකාබද්ධ කිරීම සඳහා ශ්‍රී ලංකා මහ බැංකුවේ මූලික අනුමැතිය හිමිව තිබේ.

Sri Lanka’s private sector performance has been slowed down to very low level due to the economic downturn in the country as a result of the second COVID-19 wave although the state authorities projected a positive outlook in the 3rd quarter this year and even in the New Year 2021, economic experts disclosed.

The Monetary Board, with the concurrence of the Minister of Finance, has promoted Assistant Governors T.M.J.Y.P. Fernando and N.W.G.R.D. Nanayakkara to the post of Deputy Governor of the Central Bank with effect from 14 December.

The Central Bank said yesterday it was taking steps to stem what it described as «undue» depreciation of the rupee.