Economic

The government will review the new Excise Act which has been drafted by amalgamating the archaic 100 year-old Excise Ordinance and Tobacco Act during the last days of the previous regime.

Sri Lanka Telecom (SLT) chairmanship is still under the wings of PG Kumarasinghe Sirisena despite a letter sent by the principal share holder of the company demanding him to step down from the post.

Two Indian private banks Axis Bank and ICICI Bank will be closing down their operations in Sri Lanka with the pemission of the Central Bank, reliable banking sources disclosed.

Sri Lanka Aviation Services Ministry will conduct an investigation into the Sri Lankan Airline’s action to take over A330-200 aircraft on lease which is "not suitable" for the airline's current business model.

2020 දී 6%ක ඇඟලුම් අපනයන වර්ධනයක්
ශ්‍රී ලංකාවේ ඇඟලුම් කර්මාන්තය මේ වසරේ අපනයන 6 %ක වර්ධනයක් අපේක්ෂා කරන අතර, ආයෝජන මණ්ඩලයේ සහයෝගයෙන් විදේශ ආයෝජන සමඟ එක්වී අක්කර 200ක රෙදිපිළි උද්‍යානයක් පිහිටුවීමට සැලසුම් කර තිබේ. එමෙන්ම ඇඟලුම් කර්මාන්ත පිළිබඳ දැනුම හා අත්දැකීම් භාවිතයෙන් මහා පරිමාණ ඇණවුම් ආකර්ෂණය කර ගැනීමට කර්මාන්තකරුවන් සිය අවධානය යොමු කරයි.

The trade deficit contracted in October on the back of lower expenditure on imports and a marginal drop in export earnings. According to the Central Bank of Sri Lanka, a decline in cumulative expenditure on imports and an increase in export inflows resulted in the deficit contracting to US$ 6.5 billion in the first 10 months of 2019 – compared to 8.9 billion dollars during the corresponding period in the previous year.

Sri Lanka is attempting to sustain economic growth while maintaining macroeconomic stability despite the rising inflation government expenditure, and unemployment amidst revenue decline.

Sri Lanka has to repay an estimated Rs. 2 trillion in public debt in 2020, with about half that amount made up of foreign repayments, but the Government yesterday emphasised it was confident of turning around growth, and already has plans in the pipeline to meet payments and attract investments.

PickMe සමාගමේ තාක්ෂණික අංශය වන PickMe Engineering පසුගිය දා Google Developers Group (GDG) සහ GDG Cloud Sri Lanka විසින් සංවිධාන කරන ලද GDG DEVFest Sri Lanka 2019 වැඩසටහනට ප්ලැටිනම් අනුග්‍රාහකත්වය ලබාදීමට කටයුතු කළේය. මේ වැඩසටහන පසු ගිය මස 23 සහ 24 දිනවල SLIIT සහ Stein Studio හිදී පැවැත්විණි.

Marina Square – Uptown Colombo, Sri Lanka’s first and largest harbor front development project, attracted the attention of outstanding entrepreneurs, representatives of the real estate industry and people of all circles in China at the recently held Sri Lanka Investment Opportunity and Real Estate Investment Forum.

The Colombo stock market suffered a negative start on the first day of trading in the New Year though most global and Asian markets began positively.

Colombo International Container Terminals (CICT) yesterday announced it handled a total of 2.9 million TEUs in 2019, achieving an 8.6% increase in its throughput and accounting for 40% of the volume of the Port of Colombo in the 12 months ending 31 December 2019.

රජය විසින් පාලන මිල අනුව සහල් තොග වෙළඳපොලේ පැවතීමේ යහපත් ප්‍රවණතාවක් පවතින බව පාරිභෝගික කටයුතු පිළිබඳ අධිකාරිය පවසනවා.

The Finance Company (TFC) has called Expressions of Interest (EOI) from prospective strategic investors for Equity Investment in the firm.

Sampath Bank yesterday clarified that it is fully compliant with the regulatory requirements of the Central Bank.

First fully-customisable digital payment platform

සුළු හා මධ්‍ය පරිමාණ (SME) ව්‍යාපාරවල අක්‍රීය ණය ගෙවීම වසරක කාලයකට අත්හිටුවීමට සඳහා වූ යෝජනාව පොලී ඉවත් කිරීම දක්වාත් තවත් පියවරකින් ඉදිරියට ගැනීමට රජය සලකා බලමින් සිටින අතර, මේ සඳහා හේතුවී ඇත්තේ සුළු හා මධ්‍ය පරිමාණ ව්‍යවසායක ණයකරුවන්ගේ අපහසුතාවන් ‍පිළිබඳ රජයේ දැඩි අවධානය යොමු කිරීමයි.

Sri Lanka is now harnessing benefits of trade facilitation through multilateral, regional and bilateral trade agreements and comprehensive economic partnerships, Department of Commerce statistics showed.