Economic

The Central Bank continues to maintain its year-end inflation range at the original mid-single digit levels—4 percent to 6 percent—as the economy is growing far below its potential due to the coronavirus impact which undermines demand-driven price pressures.

Against a trans-formative and competitive regional backdrop, Sri Lanka aspires to become South Asia’s logistics hub, Export Development Board announced.

The Central Bank has extended the debt moratorium on capital and interest for tourism industry by six months till 31 March 2021.

The Colombo stock market had a mixed day yesterday but ended August with welcome gains by both indices as investors turned optimistic following the election of a strong Government earlier on.

කොවිඩ්-19 වසංගත තත්ත්වය හේතුවෙන් වසා දැමුණු ගුවන්තොටුපළ නැවත විවෘත කිරීම සම්බන්ධයෙන් රජයේ අවධානය යොමුව තිබේ.

Net foreign outflow from the Colombo stock market year to date topped the Rs. 30 billion mark yesterday, as investor sentiment remained bearish.

The Vehicle Importers Association of Sri Lanka (VIASL) yesterday said it had a host of concerns in satisfying the new directive for permit holders and called on the Government to provide greater clarity and a firm timeline on when it planned to recommence imports.

The committee appointed to investigate alleged irregularities and malpractices that occurred in State banks during the past five years, yesterday called on the public to submit any complaints.

Dilantha Malagamuwa, the world renowned Sri Lankan motor racing champion, will be representing Sri Lanka at the Lamborghini Super Trofeo Europe Championship 2020 held across Germany, Belgium, France and Spain from 5 September to 15 November.

මෝටර් රථ ආනයනය සඳහා රජය සීමා පැනවීම හේතුවෙන් මේ වනවිට මෝටර් රථවල මිල අසීමිත ලෙස ඉහළ ගොස් ඇති බව සමස්ත ලංකා වාහන ආනයනකරුවන්ගේ සංගමයේ සභාපති ඉන්දික සම්පත් මෙරෙන්චිගේ මහතා පවසනවා.

REUTERS: Shares closed lower for a fourth session on Friday, dragged down by losses in communication services and consumer staples stocks.

The Commercial Bank of Ceylon has been crowned the Best Bank in Sri Lanka in 2020 by Euromoney, one of the world’s leading financial magazines, at its Asia Awards for Excellence.

Banking sector giant Bank of Ceylon has concluded the first half of the year once again earning industry leadership in terms of assets, deposits, advances and revenue.

Government plans for a rapid or V-shaped economic recovery for Sri Lanka after the effects of COVID-19 is becoming a reality, State Minister of Finance, Capital Markets and State Enterprise Reforms Ajith Nivard Cabral told Parliament yesterday.

ග‍්‍රාමීය හා අර්ධ නාගරික ජනතාව වැඩි වශයෙන් පීඩාවට පත්කර ඇති ක්ෂුද්‍ර මූල්‍ය ණය ලබා දෙන ආයතන සම්බන්ධයෙන් ආණ්ඩුවේ දැඩි අවධානය යොමුව තිබෙනවා.

The Government has allocated Rs. 167.64 million to develop tourist attractions in several parts of the country over the next four months.

Ceylon Artisan Network (CAN) Market, the first three-day weekend market, will kick off today at the Colombo City Centre Atrium starting at 4.30 p.m.

Land Value Indicator sees growth decline from 13.6% in 1H of 2019 to 7.1% y-o-y
Decline seen across residential, commercial and industrial categories
Semi-annual percentage changes also show recent declining trend
Virus seen as having impact in medium term
RIU report says tech, telcos and healthcare sectors likely to drive demand
Smaller companies may shift to suburbs, seek rent relief and flexibility from landlords