Economic
The Government has advertised a spot tender to procure coal in the short-term as per the International Competitive Bidding process.
කොළඹ වරාය නගරයේ ව්යාපාරික කටයුතු පවත්වාගෙන යාම සඳහා ඇමරිකානු ඩොලර් 2000 ක වාර්ෂික බද්දක් අය කිරීමට කොළඹ වරාය නගර ආර්ථික කොමිෂන් සභාව තීරණය කර තිබෙනවා.
Latest CCC-USAID Export Barometer Survey reveals exporters pessimistic over outlook on economy and orders, SMEs more vulnerable to crisis
The latest bi-annual Export Barometer Survey indicates that exporters are increasingly concerned about the implications of the expected contraction of the Sri Lankan economy in the latter half of 2022 on export orders, with SMEs particularly vulnerable to the intensifying economic crisis.
Believes demand for beer may benefit from consumers trading down from spirits
Affirms Sri Lanka-based Lion Brewery (Ceylon) PLC’s National Long-Term Rating at ‘AAA (lka)’, with a stable outlook
Forecasts drop in strong beer sales volumes to moderate in next 12-18 months
Mild beer sales expected to rise from FY24 on a gradual recovery in tourism
US Embassy Deputy Chief of Mission Doug Sonnek paid a courtesy visit to Board of Investment (BOI) Chairman Raja Edirisuriya on Monday where the discussions revolved around the BOI’s efforts to attract Foreign Direct Investment and boost exports, which are critical to Sri Lanka’s economic recovery.
Projections show prices staying higher than pre-crisis levels through next year
Inflation is projected to stay at 29.5% on average through 2023 before cooling to 6.0% in 2024
Official headline inflation topped 70% in August with food prices running at over 80%
Economy is projected to shrink in 2023 at 3.0% levels before recovering to an insignificant 1.5% level in 2024
The Social Security Contribution Tax will come into force from today on importers, manufacturers, service providers, wholesalers, and retailers whose total turnover exceeds Rs. 120 million per annum.
CAA Chairman Upul Dharmadasa declares Sri Lanka is back in business
Reveals negotiations ongoing with Cathay Pacific and Kuwait to resume their services
Likely to crack a deal with Philippine Airlines this week
Says Govt. has assured uninterrupted supply of jet fuel for operations
The Excise Department revenue has increased by Rs. 10 billion, as a result of the new fool-proof sticker initiated in July, Acting Finance Minister Ranjith Siyambalapitiya said yesterday.
Govt. hopes to secure ‘financing assurances’ from all creditors by mid-Dec.
To expedite the process, formation of unique ‘ad-hoc coordination platform’ mooted for all bilateral creditors
Financing assurances key to secure IMF Board approval for $ 2.9 b program since SL’s debt is deemed unsustainable
$ 46.6 b in foreign currency denominated debt as at end June 2022 or 70% of GDP, up from 54% by end of 2021
Of total, $ 37.9 b held by Central Government; $ 5.5 b of Guaranteed State-owned
enterprise debt and $ 3.2 b in CBSL debt
China accounts for 52% or $ 7.3 b of bilateral debt followed by Japan and India
One year after the launch of Airtel Lanka’s industry-disrupting prepaid packs ‘Freedom’, the company announced a staggering 1.7 million users have switched to Airtel Freedom, as at the end of August. “We serve around three million customers in Sri Lanka, aided mainly by this unprecedented adoption of our Freedom packs. The overwhelming customer endorsement reaffirms our strategy of bringing simplicity and value through our products,” Airtel Lanka Managing Director/CEO Ashish Chandra said.
First eight-months export haul surpasses $ 8 b mark, up 12% over 2021
Merchandise exports in August amount to $ 1.21 b in August, up 10% YoY
Maintains over $ 1 b exports for fourth consecutive month
Services exports for 8 months estimated at $ 1.3 b
එළඹෙන දෙසැම්බර් මාසය වනවිට ජාත්යන්තර මූල්ය අරමුදලේ ණය පහසුකම අනුමත වේ යැයි අපේක්ෂා කරන බව ශ්රී ලංකා මහ බැංකුව පවසනවා.
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