Economic
India’s Adani Ports and Special Economic Zone (APSEZ) will commence construction of West Container Terminal (WCT) at Sri Lanka’s Colombo Port in December, according to a report in Ship Technology.
To attract long-stay travellers, the Government has decided to issue tourist visas valid for six months to those applying via the electronic system. The move is a follow-up to the Cabinet decision taken on 4 January to link the Sri Lanka Tourist Mobile App to the visa application process implemented under the Department of Immigration and Emigration through its ‘Online Electronic Tourist Visa Activation’ (ETA) system.
Iraq emerges as No. 1 market
Imports by UAE up 179%, moves up to 4th position
Purchases by Iran drop 25%
Imports by China up 33%
The Colombo bourse and investors yesterday proved their optimism despite the raging COVID pandemic and associated challenges, propelling the market to an all-time high with its gain in value crossing the Rs. 1 trillion mark so far in 2021.
Headline inflation as measured by the Year-on-Year change based on the National Consumer Price Index (NCPI) has been compiled at 6.8% in July as against 6.1% in June.
Marks second month of over $ 1 b figure in 2021; first seven months performance up 22% to $ 6.6 b
Move follows anomalies observed in interest rates offered and paid by banks on the rupee and foreign currency deposits
Workers’ remittances continue to decline with July seeing a low of $ 453.3 million, down by a massive 35% from a year earlier.
සති කිහිපයක් තිස්සේ සම්පූර්ණයෙන්ම නැවතී තිබුණු ලාෆ්ස් ගෑස් සමාගමේ නිෂ්පාදන සහ බෙදාහැරීමේ කටයුතු මේ වනවිට යළිත් යථා තත්වයට පත්ව ඇති බව එම සමාගම පවසයි.
Sri Lanka will extend its innovative ‘buy-one-get-one-free’ air ticket offer by SriLankan Airlines to the large Indian tourist market from next week.
The Central Bank yesterday issued a clarification on the use of Electronic Fund Transfer Cards for payments in foreign exchange following various reports on the matter.
LAUGFS Gas PLC yesterday said it was back in the retail market after a month of absence and reiterated it would continue to lobby for a fair price hike.
REUTERS: Shares ended lower on Friday after the Government announced a 10-day lockdown as COVID-19 infections and deaths overwhelmed the island nation’s health system.
Financial services-heavy conglomerate LOLC yesterday regained the status as the most valuable stock in the Colombo bourse whilst achieving a price milestone after Expolanka closed lower after meteoric rise.
The Central Bank has issued a fresh circular to banks on operations during the ongoing quarantine curfew until 30 August.
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