Economic

The Central Bank has decided to revoke the suspension of NatWealth Securities Limited which was established under the Mahapola Higher Education Scholarship Trust Fund from carrying on the business and activities of a Primary Dealer with effect from today (Saturday 30 ).

The now defunct The Finance Company (TFC) is still to submit an acceptable investment proposal for the consideration of the Central Bank enabling it to withdraw the notice of cancelation of its licence to operate as a non bank financial institution.

In a bid to create a buffer stock for the upcoming December and April festive seasons, Litro Gas has begun the purchase of over 200,000 LPG cylinders worth close to Rs. 1.7 billion, with officials giving assurances of the transparency of the transaction, which was approved just days before the Presidential Election.

කොළඹ හිල්ටන් හෝටලයේ පැවති දකුණු ආසියාතික ව්‍යාපාර විශිෂ්ටතා සම්මාන උළෙලේදී 2019 වසරේ හොඳම නැඟී එන මූල්‍ය සමාගම ලෙසින් ලංකා ක්‍රෙඩිට් ඇන්ඩ් බිස්නස් ෆිනෑන්ස් ලිමිටඩ් සමාගම සම්මානයට පාත්‍ර විය.

ජනාධිපති ගෝඨාභය රාජපක්ෂ මහතා යටතේ සංචාරක කර්මාන්තය පුනර්ජීවනයක් ඇති කිරීම පිළිබඳ පෞද්ගලික අංශය සුබවාදී අපේක්ෂා පළ කරයි. සංචාරක කර්මාන්තයේ ශක්තිමත් වර්ධනයක් ඇති කර ගැනීම සඳහා මූලික ගැටලු විසඳීම සඳහා කඩිනම් ක්‍රියාමාර්ගයනට අවතීර්ණ විය යුතු බවද සංචාරක සංගම් අවධාරණය කරයි.

කොටස් මිල දර්ශකය ඉහළට

Reuters: The Central Bank is likely to leave its key interest rates on hold at a policy review today, a Reuters poll indicated, while it waits for the new Government’s economic policies after the election of a fresh President on 16 November.

NDB Wealth Management, the largest asset management firm in Sri Lanka with over Rs. 100 billion in total Assets Under Management (AUM), over Rs. 74 billion in private portfolio and more than Rs. 31 billon in Unit Trusts or Mutual Funds, is the leading unit trust management firm in the country.

Sri Lanka telecom employees have urged the new administration headed by President Gotabya Rajapaksa to remove forthwith SLT Board of directors headed by Chairman Kumarsinghe Sirisena who was responsible for the down fall of the state owned telecom giant.

SriLankan Airlines is presenting the ‘Black Friday’ exclusive one-day sale today, 29 November, with amazing discounts on air tickets booked through its website www.srilankan.com to 37 exciting cities throughout its route network.

Reuters: Shares recovered yesterday from a more than one-week closing low in the previous session, as investors picked up beverage and manufacturing shares.

Sri Lanka has undergone a financial beating, leaving the country’s banking sector in an insecure position although some of the leading commercial banks have found a balance between risk and growth, official sources disclosed.

කැබිනට් මණ්ඩලය ඊයේ (27) අනුමත කළ සහන පැකේජය හේතුවෙන් භාණ්ඩ හා සේවා මිල පහළ යාමට ද වෙළදපොල ගණුදෙනු වේගවත්වීමට ද බොහෝ දුරට ඉඩ ඇතැයි ආර්ථික විශ්ලේෂකයින් පෙන්වා දෙනවා.

එළඹෙන උත්සව සමයේදී ඇති විය හැකි බවට මත පළ වන ලොකු ලූනු හිඟය පිළිබඳව වහාම අවධානය යොමු කරන බව කෘෂිකර්ම, ආහාර සුරක්‍ෂිතතා සහ පාරිභෝගික සුබසාධන අමාත්‍ය චමල් රාජපක්‍ෂ පවසනවා.

Sri Lanka’s Central Bank warns public that it has received information regarding several types of financial frauds and scams being operated through social media, and Internet-based applications.

Sri Lankan apparel and fabric conglomerate MAS Holdings has expanded its extensive operations in the South Asian and Asian region in to African continent by setting up a new apparel manufacturing venture in Kenya, ‘Just-style’ news reported.

Prime Minister Mahinda Rajapaksa yesterday assured policy consistency, competent leadership and economic stimulus to turnaround Sri Lanka’s economy in the shortest possible time, when assuming duties as the Finance Minister.

Prima Ceylon Ltd. stated that, as the newly-elected President of Sri Lanka is making the best effort to bring the Sri Lankan economy back on to a strong recovery path, whilst addressing many challenges, it will assist the President’s endeavours by withdrawing the recent price increase.