Economic

REUTERS: Shares snapped two sessions of losses to end higher yesterday as investors picked up beaten down stocks while the rupee closed weaker.

පාස්කු ඉරිදා ත්‍රස්ත ප්‍රහාර නොතකා මාස පහක් තුළ මෙම අංශය යථා තත්ත්වයට පත්ව ඇති බවත් වසර අවසාන සංචාරකයින්ගේ පැමිණීම 20% කින් පමණක් අඩුවනු ඇති බවත් ශ්‍රී ලංකා සංචාරක කර්මාන්තය මාස පහක් ඇතුළත 80% කින් යථා තත්ත්වයට පත්ව ඇතැයි ශ්‍රී ලංකා සංචාරක ප්‍රවර්ධන කාර්යාංශයේ සභාපති කිෂු ගෝමස් මාධ්‍යවෙත අදහස් දක්වමින් පවසා තිබේ.

The Central Bank yesterday decided to keep policy rates unchanged so the previous reduction in rates could filter through to markets and also safeguard against higher inflation during festivity months as well as any fiscal slippage that could be seen as Sri Lanka heads for Presidential Elections next month.

Popular food delivery app Uber Eats is savouring its success as it completes one year and plans to further expand investment in the country, improve quality and encourage more women to join its ranks.

Toyota Lanka (Pvt) Ltd has invigorated the surging SUV market in Sri Lanka by launching a new-generation RAV4 range that delivers advances in styling, performance, handling, economy, comfort and value for money.

Sri Lanka’s trade performance during the first eight months of 2019 recorded an improvement over the previous year, supported by a notable contraction in the growth of imports and a modest growth of exports, Central Bank ,announced yesterday (Friday 11).

Sri Lanka’s manufacturing activities expanded at a slower rate in September 2019, compared to August 2019, Central Bank announced.

Sri Lanka’s trade deficit contracted in August 2019 as the decline in imports continued while the dip in exports in the previous month has largely recovered, Central Bank announced on Monday 14.

Sri Lanka Government is mulling to revise the proposed ‘carbon tax’ originally based on a complex criteria including the age of the vehicle, engine capacity, which had no direct connection to the actual use or burning of fuel, official sources confirmed.

ශ‍්‍රී ලංකාව මේ වනවිට අත්පත් කරගෙන ඇති සියයට 03 ක පමණ ආර්ථික වර්ධන වේගය තවදුරටත් පැවතිය හොත්, මෙරට ආර්ථිකය දෙගුණයකින් වැඩිවීමට තවත් වසර 23 ක් ගතවනු ඇතැයි ලෝක බැංකුව අනුමාන කරනවා. ඒ, දකුණු ආසියානු කලාපයේ මූර්ත දළ ජාතික නිෂ්පාදිතයේ වර්ධනය පිළිබඳ වාර්තාවක් ප‍්‍රකාශයට පත් කරමින්.

Five out of six forensic audits into alleged Treasury bond scams and transaction of Rs. 2.2 trillion Employees’ Provident Fund (EPF) are nearing completion and those audit reports will be ready by next month, Central Bank (CB) Governor Dr. Indrajit Coomaraswamy said.

ඉන්ධන මිල සූත්‍රයට අනුව මෙවර සිපෙට්කෝ ඉන්ධන මිලෙහි කිසිදු සංශෝධනයක් සිදු වී නොමැත.

Sri Lanka’s imports fell 16.6 percent from a year earlier to 1,574 million US dollars in the August 2019, for the tenth consecutive month registering a decline across all major categories of imports, official data showed.

Governance and transparency are to be strengthened in 422 State Owned Enterprises (SOEs) as most of these institutions are running at a loss despite this sector’s contribution to GDP being 33 per cent last year.

Bank of Ceylon has written off Rs. 1,169 million capital of loans obtained by s 12,014 customers of the Bank in 2017/2018 period , latest data showed.

Sri Lankan Airlines, the National Carrier of Sri Lanka and a member of the one world alliance, has been adjudged the leading airline in the Indian sub-continent.

Sri Lanka’s fastest-growing life insurer Softlogic Life has made it to the Forbes ‘Asia’s Best Under A Billion 2019’ list, a business ranking which spotlights Asia’s 200 top-performing listed companies with less than US$1 billion in revenue with consistent top- and bottom-line growth.

Details of a financial fraud of withdrawing cash from National Savings Bank fixed deposits belonging to Postgraduate Institute of Science (PGIS) Peredeniya University have been revealed.