Economic

The Ceylon Chamber of Commerce with a view to support companies to promote exports from Sri Lanka, entered into a partnership agreement to integrate an “Online Market Place”, The platform will be integrated to Chamber’s e-commerce portal https://bizinfosrilanka.lk

Plantation companies will sustain a cumulative loss of more than Rs. 500 million within months due to policy inconsistencies and vacillation by the Government on a well-regulated expansion of Sri Lanka’s oil palm cultivation, the sector’s apex industry association has warned.

Sri Lanka’s external sector the economy has been stabilised further in June 2020, with the gradual normalisation of domestic economic activity, Central Bank announced in its recent report.

Plantation companies will sustain a cumulative loss of more than Rs. 500 million within months due to policy inconsistencies and vacillation by the Government on a well-regulated expansion of Sri Lanka’s oil palm cultivation, the sector’s apex industry association has warned.

The Commercial Bank of Ceylon Group has reported mixed results for the first half of 2020, with robust top line growth negated by a combination of factors including pressure on interest margins due to reduced credit demand and interest concessions granted as pandemic relief to borrowers, increasing impairment provisions and low yields on surplus liquidity.

කොරෝනා ව්‍යාප්තිය හේතුවෙන් දැඩි බලපෑම් එල්ල වී ඇති සංචාරක සහ අපනයන යන ක්‍ෂේත‍්‍රයන් කඩිනමින් යළි සංවර්ධනය කිරීම කෙරෙහි ආණ්ඩුවේ ප‍්‍රමුඛ අවධානය යොමුව ඇති බව ගුවන් සේවා හා අපනයන කලාප සංවර්ධන රාජ්‍ය අමාත්‍ය ඞී. වී. චානක පවසනවා.

Tourism Minister Prasanna Ranatunga will present to the Cabinet the case for re-opening the Sri Lankan borders as early as possible for tourists.

The Sri Lanka Banks Association (SLBA) representing all licensed banks in Sri Lanka has extended congratulations to President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and the new Government on receiving a strong electoral mandate to develop Sri Lanka.

Reuters: Shares rose for a fourth straight session, closing at more than a five-month high on Friday, helped mainly by gains in industrial stocks.

President Gotabaya Rajapaksa yesterday kicked off the effort towards building a people-centric economy by harnessing local industries and entrepreneurs.

The Export Development Board (EDB) is cautiously optimistic in moving towards the last quarter, with plans to revise the $ 10.75 billion export target upwards.

Reserves were at $ 6.7 b as at end June, rupee depreciates 0.6%

Economic Revival and Poverty Alleviation Task Force Chairman Basil Rajapaksa yesterday said that the Government will increase dairy production to meet the domestic demand.

The Consumer Affairs Authority has issued a directive to all manufacturers, importers, distributors, and traders of 76 products making certain markings mandatory on all packs, containers or on the wrappers of all such articles/goods.

ශ්‍රී ලංකාවේ රැකියාවල නියුතු විදේශීය ශ්‍රමිකයින් අනිවාර්ය බද්දක් ගෙවිය යුතු බව දේශීය ආදායම් දෙපාර්තමේන්තුව පවසයි.

කොමර්ෂල් බැංකුවේ ක්‍රෙඩිට් කාඩ්පත් හිමියන්ට කොමර්ෂල් බැංකු වෙබ් අඩවියේ දිස්වන QR කේතය ඔවුන්ගේ ජංගම දුරකතන QR ගෙවීමේ ඇප් සේවාව තුළින් ස්කෑන් කිරීම මගින් ඉතාමත් පහසුවෙන් සහ ක්ෂණිකව ඔවුන්ගේ ක්‍රෙඩිට් කාඩ්පත් හිඟ මුදල් ගෙවීමේ අවස්ථාව බැංකුව විසින් ලබාදී තිබේ.

Asset rich People’s Bank has stepped into boost Sri Lanka education sector extending assistance to modernise the country’s traditional teaching methods.

Sampath Bank said yesterday it had posted a Profit Before Tax (PBT) of Rs 5.32 billion and a Profit After Tax (PAT) of Rs. 3.97 billion for the six months ended 30 June 2020.