Economic
A Bill to amend the National Minimum Wage for private sector employees was discussed at the Ministerial Consultative Committee on Labour chaired by Minister of Labour Nimal Siripala de Silva yesterday.
The Central Bank yesterday refuted rating agency concerns over letting licensed commercial banks and the National Savings Bank (NSB) invest in Sri Lanka’s International Sovereign Bonds (ISBs).
REUTERS: Shares ended higher on Friday, helped by gains in consumer staple and industrial stocks, but the main index logged its first weekly loss in six.
The jewellery industry yesterday labelled the import licensing scheme unfair and has urged for its removal or postponement, so as to encourage foreign exchange income, after the Cabinet of Ministers on Monday decided to bring gold under the import licensing scheme.
State Minister Nivard Cabraal yesterday declared pandemic-prompted “tough times are only temporary” but collective responsible action by all will ensure they don’t prolong, as the Government continues with measures to address multiple challenges.
In response to why Sri Lanka did not sign the global tax treaty, State Minister of Money, Capital Markets and Public Enterprise Reform Nivard Cabraal yesterday said, “Sri Lanka is not a ‘leading economy’ but an ‘emerging economy’.
The Bill containing the new tax amnesty will be out soon and presented to Parliament to give legal effect, the Government announced yesterday.
In a major boost to kick-start stalled key businesses, President Gotabaya Rajapaksa has approved the partial reopening of hotels and restaurants from today as well as putting the tourism sector under a priority COVID vaccination program.
The Government yesterday said it is following a two-pronged approach with regard to the future of the EU GSP+ scheme.
Tourist arrivals in June increased by 7% to 1,614 from May, despite the travel restrictions in place as a result of the ongoing third wave of the COVID-19 pandemic.
Board of Investment Chairman Sanjay Mohottala in his personal capacity has joined the Board of Softlogic Life Insurance PLC as an Independent Non-Executive Director.
The Colombo Stock Exchange (CSE) and CHEC Port City Colombo have signed a Memorandum of Understanding (MoU) to enhance capital markets in Sri Lanka by taking advantage of the Port City Colombo’s special emphasis on the Colombo International Financial Centre, in order to establish a regionally-recognised financial exchange within the country’s borders.
The Colombo Stock Exchange (CSE) has taken the initiative to introduce a new over the counter (OTC) platform to carry out repo transactions on debt securities.
The Government on Friday revised down the 2021 economic growth forecast to 4.5-5% from the previous prediction of 6% due to the impact of the third wave of COVID pandemic.
Sri Lanka Insurance Corporation (SLIC) yesterday announced it has declared the largest-ever life insurance bonus in the country amounting to a staggering Rs. 8.6 billion for the year 2020 to its life insurance policyholders.
General Sir John Kotelawala National Defence University Bill among others to be taken up for debate
රජය විශාල වශයෙන් නිකුත් කර ඇති සුරැකුම්පත් ප්රමාණය හා ප්රාග්ධනය දුර්වල වීම නිසා ශ්රී ලංකාවේ බැංකු පද්ධතිය අවදානමකට ලක්ව ඇතැයි අන්තර්ජාතික ණය ශ්රේණිගත කිරීමේ ආයතනයක් වන ෆිච් රේටිංග්ස් (Fitch Ratings) අනතුරු හඟවයි.
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