Economic

බූස්ටර් එන්නත් මාත්‍රාව මුලින්ම ලබාදෙන පිරිස මෙන්න

Sri Lanka Tourism is planning to appoint young singing sensation Yohani de Silva as a brand ambassador to promote the country.

The Colombo Port City will be opened to the public in December, its promoters announced via social media yesterday. Daily FT learns the marina, which is complete, is the first facility that the public will have access to.

Central Bank Governor Nivard Cabraal yesterday held what he described as a “fruitful discussion” with Qatar Central Bank Governor Sheikh Al-Thani, one of the longest-serving governors in the world.

ත්‍රීකුණාමල වරායට ආසන්න, වරාය අධිකාරිය සතු හෙක්ටයාර 2,000ක ඉඩම් ප්‍රමාණයක් ආයෝජකයින්ට ලබා දීම සඳහා යටිතල පහසුකම් සංවර්ධනයට අවධානය යොමුව තිබෙනවා.

Justice Minister Ali Sabry yesterday declared that the Port City Colombo was the most anticipated multi-faceted development project and it would serve as a first step in creating a compelling value proposition for Sri Lanka.

The Government yesterday presented a Bill to Parliament to amend the Appropriation Act No. 7 of 2020 to increase the borrowing limit of Rs. 2,997 billion to Rs. 3397 billion.

In a surprise but welcome move to shareholders, Hemas Holdings PLC has announced a first interim dividend of Rs. 2.90 per share. The move entails a payout of Rs. 1.7 billion.

The Central Bank of Sri Lanka (CBSL) yesterday allayed undue fears and misinterpretation of forex reserves situation in the country, saying the somewhat distressing situation is “under control” as efforts are ongoing in a dynamic process to improve the status quo.

ASPI crosses 9,800 points to close at a new high
CSE sees net foreign inflow of Rs. 41 m
ASPI and S&P SL20 up YTD by 45.87% and 35.43% respectively
Expolanka crosses Rs. 200 mark again

A record 7,096 tourists have arrived in the country between 1 and 13 October, boosting hopes for the crisis-ridden industry.

The Colombo stock market yesterday snapped a three-day losing streak as investor sentiment bounced back after the Central Bank kept policy rates unchanged.

The country’s manufacturing and services sector bounced back in September after suffering a sharp dip in August.

The besieged tea industry is to get a last-minute lifeline with the import of a critical source of nitrogen, albeit on an interim basis, amidst a chemical fertiliser ban that has threatened crop yield and export income.

මේ වසරේ මේ දක්වා කාලය තුළ අමෙරිකානු ඩොලරයට සාපේක්‍ෂව රුපියලේ අගය සියයට 6 යි දශම 8 කින් අවප්‍රමාණය වී ඇතැයි මහබැංකුව පවසනවා.

Proposes extension of debt moratoriums, debt restructure for all industrialists in phased out manner
Claims loans to MSMEs in Asian and SAARC countries at over 50% but less than 15% in SL
Cautions Govt. will not be able to achieve desired goals if issues not resolved immediately

The Colombo stock market managed to close marginally on the up but ended the week negative for the first time in almost a month. The All Share Price Index inched up by two points whilst the S&PSL20 closed marginally negative. Turnover was Rs. 3.5 billion involving 143 million shares. NDB Securities said the indices recorded weekly losses for the first time in four weeks.

Savings giant NSB has successfully raised Rs. 11.54 billion via an Unlisted Rated Redeemable Senior Debenture issue through private placement.