Economic
The Special Commodity Levy (SCL) hike on 26 products including some food items will offset the revenue loss caused by the prohibition of non-essential imports last month. The SCL has been increased for six months with effect from May 22, the Finance Ministry said.
The Cabinet yesterday approved maintaining Assessment Tax without change for the next two years, an official said.
“As soon as the novel coronavirus (COVID-19) was announced as a pandemic, we knew the borders will be closed and it will have an adverse impact on our exports,” EDB Chairman Prabhash Subasinghe told the Daily FT.
Sri Lanka’s seafood exports will regain resilience following the exiting of the lockdown and resuming economic activities during COVID-19 as the industry is one step ahead in the global supply chain.
Fitch Ratings said yesterday it has recalibrated its Sri Lanka national rating scale to reflect changes in the relative creditworthiness among Sri Lankan issuers, following Fitch’s downgrade of the country’s sovereign rating to ‘B-’ from ‘B’ on 24 April 2020.
ජාතික සංචාරක මාර්ගෝපදේශක කථිකාචාර්යවරුන් සඳහා රුපියල් මිලියනයක සහන ණයක් හෝ රුපියල් 50000ක මාසික දීමනාවක් වසරක කාලයක් ලබාදෙන ලෙස සංචාරක වෘත්තිකයන්ගේ සංවිධානය ජනාධිපතිවරයාගෙන් ඉල්ලා සිටියි.
Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI) declined to 4% in May from 5.2% in April, the Central Bank said in a statement yesterday.
Sri Lanka’s most digitally innovative bank, HNB PLC, announced the launch of AppiGo, a revolutionary platform which enables any business to rapidly establish end-to-end e-commerce capabilities with ease.
ශ්‍රී ලංකාවේ ප්‍රමුඛතම වාණිජ බැංකුවක් වන DFCC බැංකුව වසරක ස්ථාවර තැන්පතු සඳහා විශේෂ ඉහළ පොලී අනුපාත හඳුන්වා දීමට කටයුතු කර තිබේ. COVID-19 වසංගතය නිසා ඇතිවූ බලපෑමට පිළියමක් වශයෙන්, ජනතාවට සිය ස්ථාවර තැන්පතු සඳහා ලැබෙන පොලී ආදායම ඉහළ නැංවීමේ අරමුණින් DFCC බැංකුව විසින් මෙම පියවර ගෙන ඇත. මෙම විශේෂ පොලී අනුපාත අවුරුදු 55 ට වැඩි ගනුදෙනුකරුවන්ට හිමිවන අතර, ඔවුන්ට සිය තැන්පතු කල්පිරීමේදී 10% ක ඉහළ පොලියක් සහ මාසිකව පොලිය ලබාගැනීමේදී 9.75% ක සුවිශේෂී ලෙස ඉහළ පොලී අනුපාතයක් හිමි වේ.
Foreigners stepped up interest on Lankan listed equities as they ended the week as net buyers, a phenomena not seen for months, whilst the Colombo bourse too achieved its second consecutive week of gain.
Three types of vehicles which were cleared by the customs department on or before May 31, to be assembled in Sri Lanka, have been added to the list of automobiles that will be exempted from the luxury motor tax.
The Central Bank recently presented a spirited defence of its money printing and insisted that it had performed its duty to provide liquidity at a time when the entire country was struggling from the COVID-19 impact, and expressed confidence that it would not result in inflationary pressures and currency depreciation.
Defence Chief, Army Commander and Head of the National Operation Centre for Prevention of COVID-19 Outbreak (NOCPCO) Lt. Gen. Shavendra Silva, on Thursday addressed the monthly meeting of the Ceylon Chamber of Commerce (CCC) as a guest speaker via video conferencing.
2019 දී දළ දේශීය නිෂ්පාදිතයෙන් සියයට 7.8 ක් වූ ශ්‍රී ලංකාවේ විදේශ ප්‍රේෂණ මේ වසරේදී සියයට 19 කින් පහත වැටෙනු ඇතැයි ලෝක බැංකුව පුරෝකථනය කර තිබේ.
The Colombo stock market ended Friday achieving its highest weekly gain since 2010 due to the All Share Price Index (ASPI) rising 8% or 361 points whilst the more active S&P SL 20 index shot up by 16%.
The Colombo stock market yesterday closed on a negative note, apparently losing the steam with which it rose to highest gain since 2010 last week.
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