Economic
The Joint Apparel Association Forum (JAAF) has urged all party leaders to “Make Sri Lanka First” a national priority and agenda.
ජුනි මාසය අවසානයේදී ශ්‍රී ලංකාව සතු විදේශ සංචිත ප්‍රමාණය ඇමරිකානු ඩොලර් බිලියන 1.9 ක් දක්වා අඩු වී ඇති බව මහ බැංකුව පවසනවා. මෙම සංචිතවලින් බිලියන 1.5 ක් චීනයෙන් ලැබුණු ණය පහසුමක් වන අතර ඒ අනුව භාවිත කළ හැකි සංචිත ප්‍රමාණය මිලියන 400 කට සීමා වී තිබෙනවා.
Sri Lanka Ports Authority (SLPA) Chairman Dr. Prasantha Jayamanna yesterday emphasised that adequate fuel reserves are maintained at the Colombo Port fuel bank and there is no disruption of operation due to the current fuel crisis.
The Ceylon Chamber of Commerce in a statement called upon all political party leaders to come together at this time of grave crisis and act in the best interest of the nation to arrive at a consensual decision that will pave the way for a smooth transition of power in accordance with the Constitution.
ඉදිරි මාසවලදී මෙරට උද්ධමනය සියයට 70 ක් දක්වා ඉහළ යාහැකි බව මහ බැංකු අධිපති ආචාර්ය නන්දලාල් වීරසිංහ පවසනවා. එය සැලකිල්ලට ගනිමින් මුදල් ප්‍රතිපත්ති දැඩිකර ඇති බවයි අද පැවති මාධ්‍ය හමුවකදී මහ බැංකු අධිපතිවරයා සඳහන් කළේ.
Private sector had borrowed only Rs. 2 billion in May, a sharp plunge in comparison to recent months. As per latest data of the Central Bank, credit to the private sector by May stood at Rs. 7,754 billion as against
The Colombo stock market reinforced its struggle finishing the week down by 5% though yesterday the indices closed in green but it was an over two month low turnover.
Access Engineering PLC (AEL), Sri Lanka’s premier construction enterprise is eyeing the completion of the 210 km Integrated Roads (i-roads) Project in the Gampaha District of the Western Province by early 2023.
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index, increased to 54.6% in June 2022 from 39.1% in May 2022.
The Central Bank has been compelled to print money in order to prevent a total breakdown of fuel supply in the country, as the Ceylon Petroleum Corporation (CPC), does not have sufficient rupees to buy dollars for fuel purchases, Central Bank Governor Dr. Nandalal Weerasinghe said.
Showcasing the extent the Board of Investment (BOI) is widening its projects, the Stylish Garments Ltd., unveiled its sixth BOI approved factory in Ambalangoda which manufactures children’s wear jerseys, including school uniforms targeting only the international market.
Bringing much relief to business and the banking sector, the Central Bank has announced the extension of the debt moratorium till December subject to certain conditions.
98 Acres Resort and Spa, a subsidiary of U.H.E. Group, was recently recognised as one of the ‘Best of the Best’ in the 2022 Travellers’ Choice Awards, under the category ‘Best Romantic Hotels - Asia’ by TripAdvisor.
Monetary Board hikes policy rates by 1% with immediate effect
Governor Dr. Nandalal Weerasinghe justifies tight monetary policy action to curtail high inflation
Says over 50% inflation a major concern CBSL wants to address before it escalates to forecast level of 70%
Insists Sri Lanka was certainly not ready to go into ‘hyperinflation’ situation
Highlights importance of implementing monetary, fiscal policies, and structural reforms in SOEs simultaneously
Claims delay to impose correct prices for electricity adversely impacted CPC cash flows
Reveals CPC does not generate sufficient rupees even after price hike and by selling all petroleum products
Treasury requests CBSL to print Rs. 217 b for CPC
CBSL categorises CPC, CEB and SriLankan Airlines as major loss-making SOEs
ICC Sri Lanka Chairman Shanil Fernando, ICC Sri Lanka Vice Chairman Stasshani Jayawardena and ICC Academy Singapore Marketing, Communications and Events Manager Priyanka Satapathy
Introduces Sarusaara loan scheme for SME farmers and home growers
Loans up to a maximum of
Rs. 1 m for 35 crops, including home gardening and nurseries
Aims to achieve food security via short-term yield and sustainable growth of agrarian economy
Page 66 of 236