Economic

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.

Latest effort to revive the company likely to be launched this week
Company had appealed to CB for fresh round, arguing investment climate has improved now
Limited time to be given; cancelled licence not detrimental for investor search
Posts Rs. 1 b loss in 1Q; retained losses nears Rs. 28 b

Sri Lanka is to achieve 4.0 to 4.5 percent economic growth in 2020 and inflation below 4.0 percent and a higher 6.5 percent growth in the medium term implementing pragmatic economic policies Central Bank Governor W D Lakshman told a media conference in Colombo today.

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

A 10-year strategic plan and roadmap is in the making under a public-private sector collaboration to boost tea industry.

Sri Lanka will continue engagement with the International Monetary Fund (IMF), newly appointed Central Bank Governor, Professor W D Lakshman told a media conference in Colombo on Friday

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.

Sri Lanka’s Foreign Direct Investment (FDI) equity inflow is being resumed with the launching of the first US$ 250 million mixed development project the first such initiative under the new government soon.

උපයනවිට ගෙවීමේ බද්ද ඉවත් කිරීමේ සහනය ලබන මස පළමු වැනි දා සිට ක්‍රියාත්මක බව මුදල් අමාත්‍යාංශය සදහන් කරයි.

Sri Lanka’s fuel pricing formula introduced in mid last year at the insistence of the International Monetary Fund (IMF) is set to be abolished or reviewed despite its input in increasing the Ceylon Petroleum Corporation (CPC) revenue.

The Central Bank is optimistic that the economy will grow between four and four and half percent in 2020 given the political and economic stabilisation measures introduced by the new government aimed at accelerating economic growth in the coming year and beyond.

මෙතෙක් කළක් මාසයකට රුපියල් ලක්ෂයකට වඩා වැඩි මාසික ආදායමක් ලැබූ අය‍ ගෙවූ උපයන විට ගෙවීම් බද්ද ජනවාරියේ සිට ගෙවිය යුත්තේ ලක්ෂ 2 1/2කට වැඩි මාසික ආදායමක් ලබන අය පමණි

Sri Lanka will have to follow an alternate economic policy without being caught up in between the neo-liberalism intervention and Washington consensus of stabilise, privatise and liberalise, new Central Bank (CB) Governor Prof. W.D. Lakshman emphasised at a media conference in Colombo on Friday.

Prices of essential commodities and consumer items including rice, gas and fuel are still on the increase despite the reduction of VAT, a senior officer of the Consumer Affairs Authority said.

With State Engineering Corporation (SEC) being a key player in Sri Lanka’s construction space for decades, it took the leap to build on its capacities and looked at avenues to raise capital.

2020 දී ශ්‍රී ලංකාව සියයට 4.0 සිට 4.5 දක්වා ආර්ථික වර්ධනයක් අපේක්ෂා කරන අතර, උද්ධමනය සියයට 4.0 ට වඩා අඩු වන අතර වඩා හොඳ ප්‍රතිපත්ති සහිත මධ්‍ය කාලීනව සියයට 6.5 ක ඉහළ වර්ධනයක් අපේක්ෂා කරන බව ද මහ බැංකු අධිපති ඩබ්ලිව්. ඩී. ලක්ෂ්මන් මහතා පැවසීය.

නව රජය විසින් සුළු හා මධ්‍ය පරිමාණ ව්‍යවසායන් (SME) සඳහා ලබා දී තිබූ ණය සහනය මූල්‍ය ආයතනවලට ද ලබා දී තිබේ.

During the primary and secondary market transactions using EPF funds in connection with Treasury bonds, the Forensic Audit Report of the Central Bank reveals that the government has incurred billions of rupees pertaining to 19 leading companies in the country, according to Central Bank sources.