Economic
Total Assets base up 10% to Rs. 4.2 t 9% growth propels deposit base to over Rs. 3 t mark
Total Loans and advances reached to Rs. 2.4 t, lending to private sector up 7%
Net Interest income up 68% to Rs. 39.8 b
Pre-tax profit down by 40% to Rs. 8.9 b
Depreciation of rupee forces BOC make additional provision of Rs. 19.4 b for foreign currency denominated loans and advances and
Rs. 8 b for increase in credit risk and changes in ECL factors
The Central Bank of Sri Lanka said yesterday it has decided to implement the following regulatory measures to support the banking sector to facilitate effective financial intermediation and the flow of credit to the economy, whilst ensuring the soundness of the banking sector.
ජාතික පාරිභෝගික මිළ දර්ශකයෙහි වාර්ෂික ලක්ෂ්යමය වෙනස මගින් මනිනු ලබන උද්ධමනය ඉකුත් අප්රේල් මාසයේදී සියයට 33යි දශම 08ක් දක්වා ඉහළ ගොස් තිබෙනවා. ඒ, ඉකුත් මාර්තු මාසයේ පැවති උද්ධමන අගය වූ සියයට 21යි දශම 05හේ සිටයි. මෙලෙස උද්ධමනය ඉහළ යාම සඳහා ආහාර සහ ආහාර නොවන කාණ්ඩ දෙකෙහිම අයිතම වල මිළ ගණන්හි සිදු වූ මාසික ඉහළ යාම් හේතු වූ බවයි ජන හා සංඛ්යා ලේඛන දෙපාර්තමේන්තුව පවසන්නේ.
Refutes claims of industry facing issues in releasing products to market, procuring raw materials
In Q1 exports up 10.8% to
$ 1.5 b, while April earnings up 22.12% to $ 445.79 m
Says export firms among prioritised list of services to receive fuel from specific stations
Notices a drop of 20% orders for July and August, but hopeful fresh orders will return during fall season
Highly respected economist and former Governor Dr. Indrajit Coomaraswamy yesterday confirmed that he is not keen to return to the Central Bank and backed the incumbent Dr. Nandalal Weerasinghe.
ශ්රී ලංකාවට සහය ලබාදීම සම්බන්ධයෙන් ජාත්යන්තර මූල්ය අරමුදල සිය ස්ථාවරය ප්රකාශයට පත් කර තිබෙනවා. එමඟින් ජාත්යන්තර මූල්ය අරමුදල පවසන්නේ ආර්ථිකය ප්රතිව්යුහගත කිරීමේ නව වැඩපිළිවෙල සම්බන්ධයෙන් පැහැදිලි අවබෝධයක් ලැබුණු පසු ශ්රී ලංකාවට සහය ලබාදීමට සූදානම් බවයි.
More welfare measures with sharp cuts in capex
Says economic policy framework that enshrines economic rights would be included in the new Constitution
Treasury to undertake structural reforms based on competitive social market economy
The Central Bank has imposed 100% cash margin on selected on-essential and non-urgent imports with immediate effect.
ඉදිරි මාසය හය තුළ ශ්රී ලංකාවේ උද්ධමනය 30% – 40% මට්ටමෙන් පහළට ගෙන ඒම කිසිවෙකුටත් කළ නොහැකි දෙයක් බව ශ්රී ලංකා මහබැංකු අධිපති නන්දලාල් වීරසිංහ මහතා පවසයි.
Stresses exports as the only sector with steady foreign inflows to keep economy afloat
Opines SL cannot grow as a country without exports
Calls on all State institutions to support exporters to boost forex earnings
Hails resilience of exporters for $ 1 b plus monthly performance in past 10 consecutive months and reassures continuous support to private sector
Seeks to introduce mechanism to resolve power and energy crisis without further delay
Asserts delay to implement solutions could cause $ 50 m daily export revenue loss
Notices rapid brain drain in service export sectors
Says such rules necessary given the dire need of dollars for essential imports
The Central Bank last week disclosed that it collects every month up to US$ 300 million from exporter dollar conversions and surrender requirements, which helps significantly to provide dollars to finance the essential imports such as fuel, cooking gas, medicines and other commodities which are in
short supply.
They said doing away with the requirement could lose even the little amount that is being collected and thus would further aggravate the dire situation prevailing in the country.
Merchandise and services exporters in Sri Lanka are mandatorily required to repatriate all their export proceeds within 180 days of the date of shipment or provisioning of service, and are mandated to convert their residual proceeds after meeting several payments required to be made from foreign currency on or before the 7th day of the following month.
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