Economic

The Central Bank of Sri Lanka (CBSL) on Friday in a statement justified the $ 1 billion equivalent repurchase (repo) facility with the US Federal Reserve.

The Colombo stock market closed on a positive note yesterday, enabling it to end the week on a similar note with a late rally in investor sentiments.

Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 6.3% in June 2020 from 5.2% in May 2020, Central Bank announced.

The Central Bank of Sri Lanka (CBSL) on Friday denied Opposition claims that it was pledging US Treasury Securities worth USD 4.5 billion to obtain a credit facility of USD one billion.

Three beautification projects for Colombo and Sri Jayawardenapura Kotte, including a new green infrastructure project for Galle Face Green, was approved by the Cabinet this week.

රුපියල් මිලියන 35,100ක වටිනාකමින් යුත් භාණ්ඩාගාර බිල්පත් වෙන්දේසියක් අද (22) දිනයේ පැවැත්වීමට නියමිත බව ශ්‍රී ලංකා මහබැංකුව විසින් නිවේදනය කර තිබේ.

The Attorney General has informed that the Draft Circular Instructions issued to the Public Health Inspectors (PHIs) with regard to controlling COVID-19 during elections are contrary to law.

The Consumer Affairs Authority (CAA) yesterday issued a ban on the use of paddy and rice for the production of animal feed.

Headline inflation as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI) increased to 6.3% in June from 5.2% in May 2020.

Twenty-three port services related trade unions are awaiting a meeting with President Gotabaya Rajapaksa to discuss the fate of the East Container Terminal (ECT) of the Colombo Port, following a protest march yesterday to the Presidential Secretariat.

Compensation payments to the depositors of ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) will begin this Saturday, the Central Bank said yesterday, with applications to be handed over to selected branches of People’s Bank.

The Finance Ministry has received proposals in response to the notice calling for Request for Proposals (RFPs) from domestic banks incorporated in Sri Lanka and international banks/investment houses for a proposed Foreign Currency Term Financing Facility (FTFF) for the Government of Sri Lanka (GOSL).

Cargills (Ceylon) PLC and CT Holdings PLC have announced moves to re-purchase shares of the respective companies on a pro-rata basis up to a maximum of 5% within one year.

Two companies selected to provide reinsurance support to NITF for 18 months

Exports of tea bags have recovered in June, though overall shipments a year earlier and during the first half were down.

The Central Bank is ratcheting up the rolling out of the Saubagya COVID-19 Renaissance Facility, expanding its approvals in the last two weeks by 3,985 new loans amounting to Rs.11.8 billion and taking the total value of approved loans to Rs.72 billion.

දිවයිනේ ප්‍රමුඛ පෙළ විලාසිතාගාර ජාලයක් වන ෆැෂන් බග් ආයතනය, දීප ව්‍යාප්ත ශාඛා ජාලයේ 16 වැනි ශාඛාව ලෙස සිය නවතම ශාඛාව පසුගියදා කොටහේන නගරයේ විවෘත කරන ලදී.

Central Bank has changed its reserve management strategy to a model based scientific structure known as the Strategic Assets Allocation (SAA) which has been practiced by global central banks for many years.