Economic

Despite global and local challenges, Sri Lanka’s merchandised exports for the last three months have nearly achieved the $1 billion mark, proving its resilience and rebound.

A meeting between the officials of the Central Bank of Sri Lanka, including CBSL Governor Professor W.D Lakshman and the Rural Development Societies (RDS), Women's RDS, Agriculture Societies, Fisheries Societies, Cooperatives Societies, and other societies in the Jaffna District, was held at the District Secretariat of Jaffna yesterday.

The Government has decided to suspend vehicle Imports for a year in a bid to stop cash outflow, Cabinet spokesman Keheliya Rambukwella said. He told reporters at the weekly Cabinet press briefing that an assessment of the vehicle market has shown that there are enough vehicles imported into the country to last a year.

Sri Lanka will be restricting textile and ready-made garment imports and increasing import tax on textiles.

Dissatisfied by the recent reduction of Rs. 2 in egg prices, the All Ceylon Bakery Owners’ Association (ACBOA) yesterday requested approval to import eggs as a temporary solution.

ශ්‍රී ලංකාවේ ප්‍රධාන මුල්‍ය ආයතනයක් වන ලංකා බැංකුවේ අභ්‍යන්තර ප්‍රශ්න හේතුවෙන් බැංකුවේ පරිපාලනය සහ ව්‍යාපාරික කටයුතු වලට බාධා වන බව පවසමින් ලංකා බැංකුවට හා එහි නිලධාරීන්ට එරෙහිව සමහර සමාජ මාධ්‍ය ජාල ඔස්සේ කුමන්ත්‍රණයක් ක්‍රියාත්මක වන බව ලංකා බැංකුව පවසනවා.

The Central Bank has relaxed ownership limits in licensed commercial banks for both multilateral financial institutions and others.

ආනයනය කෙරෙන නිමි ඇඳුම් හා රෙදි කිලෝවක් සඳහා ඇමරිකානු ඩොලරයක සෙස් බද්දක් අය කිරීමට බතික්, අත් යන්ත්‍ර හා දේශීය ඇඟලුම් අමාත්‍යාංශය තීරණය කර ඇත.

REUTERS: Shares ended lower for a second straight session on Friday, with consumer staples stocks contributing to over half the session’s losses and weighing on overall market sentiment. The benchmark CSE All Share Index closed 0.74% lower at 5,311.42. The index also ended the week down 0.18%.

eZ Cash, the country’s first and largest mobile money and payment service by Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, partnered VisionFund Lanka, a leading socially responsible microfinance institution affiliated with World Vision Lanka and also a subsidiary of VisionFund International, to facilitate customers with a convenient and sustainable QR card repayment facility for their microfinance loans.

Sri Lanka will be promoting vehicle assembly industry while encouraging international brand companies to set up joint ventures towards this end, State Minister for Finance Ajith Nivard Cabraal said.

The Government has decided to suspend vehicle Imports for a year in a bid to stop cash outflow, Cabinet spokesman Keheliya Rambukwella said. He told reporters at the weekly Cabinet press briefing that an assessment of the vehicle market has shown that there are enough vehicles imported into the country to last a year.

Union Assurance announced three wins at the prestigious Insurance Asia Awards 2020, taking away the coveted Domestic Life Insurer of the Year, New Insurance Product of the Year, and Digital Insurance Initiative of the Year awards for Sri Lanka.

All three properties owned and operated by Citrus Leisure PLC secured three international travel accolades in an unprecedented feat among the gaints of the hospitality industry in Sri Lanka,.

The biggest component of the Bandaranaike International Airport (BIA) expansion project worth Rs. 108 billion will kick off later this month. Commissioning of this major expansion follows the impending completion of the Rs. 6 billion worth improvements made at BIA.

State Minister of Money and Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal last week told stockbrokers that “Sri Lankan investors who acquire shares now would make substantial capital gains very soon.”

Commercial Leasing and Finance PLC (CLC) has concluded FY2019/20 on an impressive note, consistently performing well year on year despite the extremely challenging events that marked the financial year, the company announced in a media release

Money, Capital Market, and State Enterprise Reforms State Minister Ajith Nivard Cabraal yesterday met with Commissioners of the Securities and Exchange Commission (SEC) and Board of Directors of the Colombo Stock Exchange (CSE) at the Finance Ministry.