Economic
Respected business leader Suresh de Mel has been appointed as the new Chairman of the Sri Lanka Export Development Board (SLEDB) with immediate effect by President Gotabaya Rajapaksa.
The Colombo Stock Exchange (CSE) will be celebrating its 35-year anniversary today and will engage in a number of publicity driven initiatives, of which a majority will be digitally driven.
To resume international tourism in a COVID-19 safe environment, guidelines are being finalised with a draft strategy document under discussion among key stakeholders.
The Colombo stock market gathered further momentum yesterday, with gains reaching a 30-month high and turnover hitting an over three-week peak thanks to strategic play.
The Colombo stock market began the last month of 2020 on a positive note with healthy turnover sustaining the momentum seen in November.
The Central Bank has extended the deadline to seek extended debt moratorium from Non-Bank Financial Institutions (NBFIs) for business and individuals impacted by COVID-19 till 10 December.
State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal told Parliament on Wednesday that the downgrade of Sri Lanka’s rating by Fitch rating was based on ill-informed model projections without any evidence-based and objective analysis.
The Employers Federation of Ceylon (EFC), the unofficial trade union of employers, has raised concerns over the compulsory retirement age for private sector employees by amending the Employees’ Provident Fund (EPF) Act, introduction of a Social Security Fund as well as implementing a daily wage of Rs.1,000 for the plantation workers.
Prominent exporter and industrialist Prabhash Subasinghe has announced his decision to step down as Chairman of the Sri Lanka Export Development Board from end of December 2020.
Sri Lanka Tourism Development Authority (SLTDA) yesterday said 63 hotels accounting for 6,187 rooms have received ‘Safe and Secure’ compliance certification to resume operations post-COVID-19.
Sri Lanka’s coconut industry is to undergo structural reforms harnessing the economic potential with incentives provided in the Budget 2021, industry sources said.
ලෝකයේ වේගයෙන්ම වර්ධනය වන නිර්මාණශීලී ජංගම දුරකතන සන්නාමය වන OPPO, එළඹෙන උත්සව සමය වෙනුවෙන් ‘O Fans Festival’නමින් සුවිශේෂී ප්රවර්ධන වැඩසටහනක් දියත් කිරීමට සැලසුම් කර තිබේ. මෙම ප්රවර්ධන වැඩසටහන තුළදී පාරිභෝගිකයන්ට දෙසැම්බර් මාසය පුරා OPPO උපාංග වර්ග රාශියක් සඳහා සුවිශේෂී වට්ටම් හා දීමනා හිමිවනු ඇත.
The Colombo stock market closed positive yesterday enabling to end November with a 9% gain.
The Central Bank (CB) yesterday said gold pawning in the first nine months had reached Rs. 241 billion, up from Rs. 197 billion in the first six months, but was still only a fraction of overall credit.
Industry leaders yesterday welcomed President Gotabaya Rajapaksa’s keenness to reopen borders and resume tourism as early as possible.
The much-awaited Sri Lanka Economic Summit will be inaugurated today with the patronage of President Gotabaya Rajapaksa as the Chief Guest.
Commercial banks have been directed to bring down interest rates on lending to restart economic activities and promote sectors with higher growth and earning prospective, Central Bank announced on Thursday 26.
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