Economic
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.
Central Bank has disbursed Rs179 billion to provide immediate financial support for small and medium-enterprises (SMEs), which have been severely affected by the corona virus disease up to last month,Governor of the Bank Prof. Professor W. D. Lakshman disclosed.
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.
The Central Bank (CB) yesterday said there was Rs. 185 billion excess liquidity in the market, partly due to the monetary institution purchasing foreign exchange from the market.
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.
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.
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.
Backing lower interest rates as the best growth formula, the Central Bank yesterday decided banks would charge only 7% on mortgage-backed housing loans and would introduce lending targets to
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.
Representing Sri Lanka’s largest sector in tourism, The Hotels Association of Sri Lanka (THASL) in a statement yesterday hailed the budget as a pragmatic financial road map with a view to creating more job opportunities for the country’s youth and preserving foreign exchange by encouraging local businesses to invest in areas to curb imports.
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.
Sri Lanka Customs yesterday said that 10,500 entities and individuals have completed the e-registration process, with the registration of a further 1,000 suspended with immediate effect.
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