Economic
Cinema stakeholders hailed the Government’s decision to officially grant ‘industry’ status, but said they were awaiting more clarity on the move, as details on how it would benefit them were yet to be disclosed.
The country’s manufacturing and services sector saw strong growth as per Purchasing Managers’ Index (PMI) in October in comparison with September.
The Central Bank (CBSL) has decided to securitise the foreign currency receipts component from migrant workers and has called for Request for Proposals (RFPs) by the end of the month for the appointment of arrangers.
ලෝක වෙළෙඳපොළේ රත්රන් මිලෙහි බලපෑම මෙරට වෙළදපොළටද බලපෑම් කරණු ඇතැයි රත්රන් කර්මාන්තයේ ප්රවීණයින් අනතුරු අගවනවා.
Over 19,000 tourists have arrived in the country within the first two weeks of November, boosting the revival plans of the COVID-hit industry.
The Central Bank yesterday denied speculation that worker remittances will be forcibly converted into rupees under the proposed Securitised Financing Arrangement (SFA) as “completely unfounded”.
The Colombo stock market will have its first impact investing opportunity via the Initial Public Offering (IPO) worth Rs. 1 billion by the Sarvodaya Development Finance (SDF), which is confident of growth by empowering village level entrepreneurs.
Multiple proposals in Budget 2022 is to bite off over Rs. 90 billion from the banking and finance sector, according to estimates by NDB Securities whilst Ernst & Young said taxation on banks would soar to 70%.
Calls for coherent strategy in consultation with all stakeholders to realise goal
Gems, diamonds and jewellery exports up 59% to $ 195 m in first 9 months despite Sept. dip
The Central Bank Governor Ajith Nivard Cabraal yesterday expressed confidence in Budget 2022 ushering growth with stability in 2022 aided by stronger policy implementation.
The Chinafort Gem and Jewellery Traders Association (CGJTA) in a statement yesterday said it welcomed the Government’s initiatives to promote Ease of Doing Business measures in the gem and jewellery industry through the Budget 2022 presented by Finance Minister Basil Rajapaksa.
Achievement undeterred by exceptional role played in economic recovery
PBT for 3Q at Rs. 35.6 b
Total assets exceed Rs. 3.5 t
Deposit and Advance base over Rs. 2 t
The Colombo stock market yesterday closed on a negative note ahead of the presentation of the 2022 Budget in Parliament.
The Colombo stock market yesterday gathered more momentum not withstanding private sector concerns over some of the tax proposals in Budget 2022.
The Board of Directors of the Colombo Stock Exchange (CSE) yesterday approved the revision of the index calculation methodology of the All Share Price Index (ASPI).
මේවනවිට රට මුහුණ පා ඇති ඩොලර් ප්රශ්නයට මෙවර අයවැයෙන් පැහැදිළි වැඩපිලිවෙළක් සහිත විසඳුමක් ලැබී නැතැයි ආර්ථික විශේලේෂකයින් පවසනවා. ඔවුන් පෙන්වා දෙන්නේ එක් එක් ක්ෂේත්රවලට සහන දෙනවා වෙනුවට පොදු, ස්ථිර වැඩපිළිවෙළක අවශ්යතාව දැන් රට හමුවේ ඇති බවයි.
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