Economic

Central Bank Governor Ajith Nivard Cabraal on Tuesday stressed that while many Sri Lankan businesses were coming to understand the need for data security, few appreciated the importance of data integrity.

The Central Bank (CBSL) on Thursday expressed confidence of workers remittances rebounding with the rollout of multiple initiatives.

MAS Intimates, the largest division of MAS Holdings, received three top accolades at the Sri Lanka Presidential Export Awards, including the highly coveted Exporter of the Year Award for 2020/2021.

The Kingsbury Colombo has become the first city hotel to hire a female Executive Chef, an Indonesian with over 25 years of culinary experience.

Sharp gains by LOLC and Expolanka boost market’s value
LOLC share price eyes Rs. 1,000 mark after peaking to Rs. 990
YTD net foreign outflow surpasses Rs. 50 b mark too; heading for record figure in 2021
Bourse ends November with 12.57% gain, the best MOM performance since January 2021
S&P SL20 closed higher for the fifth consecutive month

Say existing safeguards are adequate against any impact from new Omicron COVID variant
Industry was anticipating 400,000 tourists with $ 600 m forex earnings until end-April 2022
Opine country cannot afford another lockdown and border closure
Industry stakeholders can work well within bio-bubble concept

State-run Litro Gas has stopped issuing Liquefied Petroleum Gas (LPG) to the market to conduct an audit on the entire stock, following the fires and explosions recorded from countrywide.

The Government yesterday said it was exploring different avenues to generate foreign exchange, whilst hoping that the gradual resumption in tourism and worker remittances will help avert a possible economic crash.

The $ 15 billion hotel industry is urging the Government to give it due recognition and support to ensure that the socio-economically-critical tourism sector is revitalised sooner than later amidst multiple crises.

Bank accounts of those who distribute & receive money through unlawful money transfer methods will be frozen with immediate effect, Central Bank Governor Ajith Nivard Cabraal said.

Central Bank Governor Nivard Cabraal last week expressed confidence in measures announced in the short term roadmap in October to boost forex reserves and is expected to make public the progress shortly.

Higher inflation is generally credit negative for sovereigns, but presents particular risks for emerging markets (EMs), as they often face higher and more volatile inflation than developed markets (DMs), and are exposed to greater currency instability, says Fitch Ratings.

ශ්‍රී ලාංකික ශ්‍රමිකයින් විදේශ රටවල සිට එවන එක් ඩොලරයක් සදහා රුපියල් දහයක් ලබාදීමට ශ්‍රී ලංකා මහ බැංකුව තීරණය කර තිබෙනවා. ශ්‍රී ලංකා මහ බැංකුවේ මුදල් මණ්ඩලය විසින් විදේශ සේවා නියුක්තිකයන්ගේ ප්‍රේෂණ සඳහා දිරි දීමනා යෝජනා ක්‍රමය යටතේ දැනටමත් අමෙරිකානු ඩොලරයක් සඳහා රුපියල් 2 ක දිරි දීමනාවක් ලබාදෙනවා.

Net foreign selling too nears Rs. 50 b mark; likely to surpass record outflow of Rs. 51 b last year

The Colombo stock market yesterday delivered a strong finish for a bullish week, with both indices up by over 1% and a high turnover of Rs. 9 billion.

වසර 12 කට පසු මෙරට වැඩිම උද්ධමනය ඉකුත් නොවැම්බර් මාසයේදී වාර්තා වි තිබෙනවා. ශ්‍රී ලංකා මහා බැංකුවේ දත්තවලට අනුව නොවැම්බර් මාසයේ උද්ධමනය සියයට 9.9 ක් දක්වා ඉහළ ගොස් ඇත්තේ ආහාර සහ ආහාර නොවන කාණ්ඩ දෙකේම මිල ඉහළ යාම හේතුවෙන්.

Tourist arrivals to Sri Lanka have exceeded 100,000 since the reopening of borders on 21 January.

President Gotabaya Rajapaksa yesterday commended exporters for not only recovering to pre-pandemic levels, but for reaching record highs, insisting that they have a key role in leading the economy towards prosperity in the post-COVID era.