Economic
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
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.
කොළඹ පාරිභෝගික මිල දර්ශනය මත ගණනය කෙරෙන 2022 ජුනි මාසයේ මතුපිට උද්ධමනය 54.6%ක් දක්වා ඉහළ ගොස් ඇති බව ජන හා සංඛ්‍යාලේඛන දෙපාර්තමේන්තුව පවසයි.
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
Prime Minister Ranil Wickremesinghe with Advisor Sagala Ratnayake during the meeting with editors of print and electronic media yesterday
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.
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.
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.
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