Economic

A meeting between the officials of the Central Bank of Sri Lanka, including CBSL Governor Professor W.D Lakshman and the Rural Development Societies (RDS), Women's RDS, Agriculture Societies, Fisheries Societies, Cooperatives Societies, and other societies in the Jaffna District, was held at the District Secretariat of Jaffna yesterday.

The Government has decided to suspend vehicle Imports for a year in a bid to stop cash outflow, Cabinet spokesman Keheliya Rambukwella said. He told reporters at the weekly Cabinet press briefing that an assessment of the vehicle market has shown that there are enough vehicles imported into the country to last a year.

Cabinet has approved the appointing of an Expert Committee to formulate a National Trade Policy.

Dissatisfied by the recent reduction of Rs. 2 in egg prices, the All Ceylon Bakery Owners’ Association (ACBOA) yesterday requested approval to import eggs as a temporary solution.

ශ්‍රී ලංකාවේ ප්‍රධාන මුල්‍ය ආයතනයක් වන ලංකා බැංකුවේ අභ්‍යන්තර ප්‍රශ්න හේතුවෙන් බැංකුවේ පරිපාලනය සහ ව්‍යාපාරික කටයුතු වලට බාධා වන බව පවසමින් ලංකා බැංකුවට හා එහි නිලධාරීන්ට එරෙහිව සමහර සමාජ මාධ්‍ය ජාල ඔස්සේ කුමන්ත්‍රණයක් ක්‍රියාත්මක වන බව ලංකා බැංකුව පවසනවා.

To meet the “clamour for capital” the Government will work to develop markets, including venture capital, bond and equity segments, promote better debt management and introduce fresh risk reduction regulations to attract new investors, a top official said yesterday.

ආනයනය කෙරෙන නිමි ඇඳුම් හා රෙදි කිලෝවක් සඳහා ඇමරිකානු ඩොලරයක සෙස් බද්දක් අය කිරීමට බතික්, අත් යන්ත්‍ර හා දේශීය ඇඟලුම් අමාත්‍යාංශය තීරණය කර ඇත.

REUTERS: Shares ended lower for a second straight session on Friday, with consumer staples stocks contributing to over half the session’s losses and weighing on overall market sentiment. The benchmark CSE All Share Index closed 0.74% lower at 5,311.42. The index also ended the week down 0.18%.

The Colombo Stock Exchange (CSE)will be revamping its listing requirements to cater to an ever-evolving business landscape in Sri Lanka consisting of modern and dynamic business models, which are particularly seen in the technology space.

Sri Lanka will be promoting vehicle assembly industry while encouraging international brand companies to set up joint ventures towards this end, State Minister for Finance Ajith Nivard Cabraal said.

The Government has decided to suspend vehicle Imports for a year in a bid to stop cash outflow, Cabinet spokesman Keheliya Rambukwella said. He told reporters at the weekly Cabinet press briefing that an assessment of the vehicle market has shown that there are enough vehicles imported into the country to last a year.

Sri Lanka foreign missions are to be actively involved in export promotion campaigns to increase exports of made in Sri Lanka products enhancing revenue and mitigate the negative impact of the COVID-19 on the industry, official sources said.

All three properties owned and operated by Citrus Leisure PLC secured three international travel accolades in an unprecedented feat among the gaints of the hospitality industry in Sri Lanka,.

The biggest component of the Bandaranaike International Airport (BIA) expansion project worth Rs. 108 billion will kick off later this month. Commissioning of this major expansion follows the impending completion of the Rs. 6 billion worth improvements made at BIA.

පරිසර හිතකාමී යෝගට් කෝප්පය’ හඳුන්වා දීමට හා ස්මාර්ට් නිවාස පද්ධති, ස්මාර්ට් කාර්යාල පද්ධති’ උපාංග සඳහා වෙළෙඳපොළක් නිර්මාණය කර දීමට කර්මාන්ත ඇමති නිලධාරීන් මගින් අවශ්‍ය සහයෝගය ලබා දීමට පියවර ගෙන තිබේ.

Commercial Leasing and Finance PLC (CLC) has concluded FY2019/20 on an impressive note, consistently performing well year on year despite the extremely challenging events that marked the financial year, the company announced in a media release

Money, Capital Market, and State Enterprise Reforms State Minister Ajith Nivard Cabraal yesterday met with Commissioners of the Securities and Exchange Commission (SEC) and Board of Directors of the Colombo Stock Exchange (CSE) at the Finance Ministry.

In a bid to assess the status and what measures are needed to develop capital markets, subject Minister Nivard Cabraal will engage with promoters and regulators tomorrow in what would be his first meeting since assuming office fortnight ago.