Economic
The Colombo stock market yesterday suffered a near 2% decline as investors reacted negatively to the sharp spike in COVID-19 cases in the second wave.
The Department of Census and Statistics (DCS) yesterday indicated that the release of the latest Gross Domestic Product (GDP) data may be delayed further.
The Cabinet has approved the awarding of a contract to Vitol Aviation BV to supply aviation fuel for SriLankan Airlines planes at the Melbourne Airport in Australia.
The Government moved yesterday to take control of the Chair of the crucial Parliamentary Committee on Public Finance, passing a motion in the House enabling its members to decide who chairs the committee.
Headline inflation as measured by the year-on-year change based on the National Consumer Price Index NCPI) has been compiled as 6.4% as against 6.2% in August, the Director General of Census and Statistics revealed yesterday.
The Board of Investment (BOI) has approved the start of a comprehensive feasibility study for deployment of an electrified high-speed rail project from the Bandaranaike International Airport (BIA) to the Colombo Port City, and from Katunayake to Mattala International Airport.
Sri Lanka Customs yesterday said the digital tools have empowered the organisation to provide efficient service to its users while keeping in line with health authority guidelines amidst the COVID-19 pandemic.
The sustained positive run at the Colombo Stock Market lost steam yesterday with the benchmark All Share Price Index turning negative, but overall resilience was manifested with turnover crossing Rs. 1 billion mark for 30th consecutive day.
Hettigoda Industries Ltd., pioneer and leading Ayurveda products manufacturer, Ayurveda healthcare service provider and promoter, with a heritage of over 200 years, passing on to the sixth generation is playing a key role in shaping the future of Ayurveda industry in Sri Lanka and the Asian region, has expanded its product diversification in Chinese market by exporting a range of Ayurveda herbal teas.
Former Senior Deputy Governor and FT columnist W.A. Wijewardena yesterday claimed that the Central Bank has created an interest rate anomaly by keeping policy rates unchanged at 4.5% for standing deposits and 5.5% for standing lending when Treasury Bill rates falling below that level.
Corporate earnings of listed companies plunged by 52% year-on-year (YOY) to Rs. 33.5 billion in 2020 March quarter, First Capital Research revealed yesterday. The analysis was based on reported earnings of 266 listed companies.
The Sri Lanka Tourism Development Authority (SLTDA) has made the tourism investment process easy by streamlining the project approval process and the facilitation services provided by the Investor Relations Unit (IRU) – the unit established within SLTDA as the centralised facilitation arm for tourism investments in the country.
Staying true to global trends the Central Bank yesterday kept rates unchanged to maintain affordable credit flows to both the Government and private businesses as Sri Lanka struggles with a fresh wave of COVID-19 infections.
CSE approves Rs. 1.9 b Rights Issue; merger with Abans Finance will boost assets to Rs. 32 b and capital to Rs. 4.9 b
මාලදිවයින, නේපාලය සහ ශ්‍රී ලංකාව සඳහා වන ලෝක බැංකු අධ්‍යක්ෂ ෆාරිස් හඩාඩ්-සර්වොස් මහතා, ශ්‍රී ලංකාව සඳහා වන කළමනාකාරිණි චියෝ කන්ඩා මහත්මිය මහ බැංකු අධිපති දේශමාන්‍ය මහාචාර්ය ඩබ්. ඩී. ලක්ෂ්මන් මහතා හමු විය.
The risk of a second coronavirus wave, together with weak borrower sentiment in an already fragile operating environment, would put further stress on Sri Lankan finance and leasing companies’ (FLCs) credit profiles, adding to existing pressures on asset quality and profitability, Fitch Ratings said (20).
ශ්‍රී ලංකාවේ ඉතිහාසයේ සිනිවලට ලබා දුන් ඉහළම බදු සහනය වන කි.ග්‍රෑම් 1 කට රු. 55 ක් බදු සහනය ලබා දී ඇත්තේ මහා පරිමාණ සීනි සහ ෆාම් තෙල්, පොල් තෙල් ආනයන කරුවෙකුගේ උවමනාව මත භාණ්ඩාගාර නිලධාරීන් පිරිසකගේ එකඟතාවයෙන් බවට විවිධ පාර්ශව වලින් චෝදනා එල්ල වේ.
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