Economic

The Colombo stock market achieved one of its sharpest day and weekly gains thanks to apparent improved investor sentiment on the appointment of Ranil Wickremesinghe as the Prime Minister.

කොටස් වෙළඳපොළේ මිළ දර්ශක වෙනස් වීමක්

Joint Chambers together with the Institute of Chartered Accountants of Sri Lanka yesterday called upon the President to take immediate steps to appoint a competent person as the interim Prime Minister and a small Cabinet of Ministers to be appointed in consultation with the Prime Minister acceptable to all leading political parties represented in Parliament.

1Q sees strong NIM on the back of rising AWPLR
Solid 248% growth in exchange income stemming from sharp depreciation of rupee against dollar by 47%
Sizable 74.6% increase in net fee and commission income during the period, driven by cards and trade-related operations
Higher impairment provision on loans and investments to capture possible economic uncertainties
Marginal drop in Group PAT (4.9%) while PBT recorded a slight growth of 1.6%
Group’s PBT and PAT for Q1 2022 was Rs. 6.8 b and Rs. 4.9 b respectively

වාණිජ බැංකු රැසක ඩොලරයේ මිල මෙන්න

The Ceylon Chamber of Commerce yesterday demanded immediate action from the Government to protect the fundamental rights of citizens.

ජනමතයට පටහැනිව පිහිටුවීමට අදහස් කරන අමාත්‍ය මණ්ඩලයට සමගි ජනබලවේගය විසින් කිසිඳු සාමාජිකයෙකු යෝජනා නොකරන බව එහි නායක විපක්ෂ නායක සජිත් ප්‍රේමදාස මහතා පවසනවා. ඒ, ජනාධිපතිවරයා ඔහු වෙත යොමු කළ ලිපියට පිළිතුරු ලිපියක් යොමු කරමින්.

ගණුදෙනු කරන්න පැය දෙකක්

The Colombo Stock Exchange has declared today as a market holiday due to settlement difficulties.

The Central Bank will have to print money when not doing so brings even bigger problems such as not paying State sector salaries, said the Central Bank Governor Dr. Nandalal Weerasinghe adding that they however do that with utmost responsibility and restraint now than before.

මහා බැංකුවේ අධිපතිටත් එපා වෙලා

In yet another historic industry first initiative, Airtel Lanka announced unlimited free local voice calls to any operator and social media to its range of Freedom Plans.

වාණිජ බැංකු රැසක ඩොලරයේ මිල මෙන්න

The main Opposition the Samagi Jana Balawegaya (SJB) yesterday got an update on the state of the economy from the Central Bank Governor Dr. Nandalal Weerasinghe and Treasury Secretary Mahinda Siriwardena.

Finance Minister Ali Sabry has issued a new Gazette effective 20 May banning use of Open Account for imports except by the overall export sector including indirect exporters.

අග්‍රාමාත්‍ය රනිල් වික්‍රමසිංහ මහතා ඉක්මනින්ම නව අයවැය ලේඛනයක් පාර්ලිමේන්තුවට ඉදිරිපත් කිරීමට සූදානම් වන බව වාර්තා වේ.

Claim recommendations of the professionals at the Central Bank were consistently ignored
Insist on procedures for appointing heads of independent public institutions should be ‘depoliticised’
Call on enacting the proposed ‘Central Bank Act’ (Draft)
Condemn despicable attacks by mobs, incited and directed by certain politicians on peaceful protests
Opine violation may adversely affect international cooperation

CB revisits pandemic era playbook to preserve capital and liquidity of sector
CB brought in similar styled restrictions for second time since March 2020
Also asks banks to refrain from buying back their own shares, increasing management allowances and payments to director boards
Foreign banks been barred from repatriating profits, which are not already declared for financial years 2021 and 2022