Economic
Despite the contraction in the third quarter, the country’s economy has grown by 4.4% in the first nine months of this year, the Department of Census and Statistics said yesterday.
Sri Lanka’s service exporters, including resident Sri Lankans, who receive their earnings in foreign currencies through the banking channels, have started to protest against the conversions of their foreign currency earnings by banks, under the new export proceeds repatriation rules imposed by the Central Bank (CB).
The Government has approved land for 27 new industrial ventures planning an investment of Rs. 4.5 billion, with an estimated 2,477 direct employment opportunities being generated.
Lists incentives to the general public who deposit, convert or invest foreign currency between 13 and 31 Dec.
Banks requested to sell 20% of such currency converted into rupees on a weekly basis as CBSL steps up multiple efforts to boost foreign reserves
Finance Minister Basil Rajapaksa yesterday said the economy is facing great difficulties with the looming foreign exchange crisis and drastic measures would have to be taken.
Aims to attract both foreign and local currency investments to boost GDP growth
Expects economy to rebound by 1Q of 2022
Pledges to implement the single window soon
So far $ 687 m in FDI attracted in 2021
The credit card industry has apparently suffered a rare and sudden cancelation in October, throwing new challenges to a market which is trying to entice more spending.
In response to several complaints that certain authorised money exchangers are engaged in activities that are not in compliance with the directions issued under the provisions of the Foreign Exchange Act No. 12 of 2017 (FEA), the Central Bank is conducting a series of spot examinations at the offices of authorised money exchangers, a step towards strengthening monitoring and supervision.
Tourism Minister overwhelmed by rebound in arrivals
Nearly 130,000 tourists have come since reopening of borders in late Jan.
With just 15 days to year-end, original target of 200,000 tourists unachievable
ශ්රී ලංකා මහබැංකුවේ රාජ්ය ණය දෙපාර්තමේන්තුව විසින් ඊයේ (13) පැවැත්වූ භාණ්ඩාගාර බැඳුම්කර වෙන්දේසියේදී රුපියල් මිලියන 120,000ක ( කෝටි 12,000) ලංසු පිළිගැනීමට තීරණය කර තිබේ.
Prime Minister Mahinda Rajapaksa was on a multi-faceted inspection tour of the Hambantota International Port (HIP) yesterday to appraise the ongoing development projects at the port.
Both indices gain by 2% to finish the week on the up, erasing last week’s losses
S&P SL20 index scales above 4,000 points for the first time in history
Market capitalisation reverts to Rs. 5 t
Expolanka share price touches intra-day high of Rs. 340; market value soars to Rs. 662 b
Budget 2022 has failed to achieve three critical outcomes of establishing fiscal stability, building credibility, and instilling confidence, Verite Research claimed yesterday.
The Tourism Ministry will launch a special programme to increase the number of international airlines and private jets landing at Mattala Rajapaksa International Airport (MRIA), as an attempt to lure tourists to the southeast region of the country.
Tourism Minister Prasanna Ranatunga is planning to submit several special Cabinet papers to revise the taxes of Local Government bodies on tourist hotels, restaurants and residences, in a bid to provide further concessions on electricity bills.
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