Economic

Japan-India-Sri Lanka trilateral consortium is likely to begin Colombo Port’s East Container Terminal by March 2020 with the aim of increasing the port’s container volume and enhance marine transportation in and around South Asia.

Sri Lanka’s business leaders are eagerly waiting for an economic lift-off in 2020 as Sri Lankans are in the midst of voting at a presidential election hoping to be better off with a new leader.

Sri Lanka’s much delayed Global Tea Promotion Campaign has become a money spender without any substantial results, government audit inspection revealed.

Galle Face Green in Colombo gets a face lift under the latest initiative of the government to develop the ocean-side urban park, which stretches for 500 m (1,600 ft) along the coast, in the heart of the City.

In results released to the Colombo Stock Exchange, Sampath Bank announced that its Net Interest Income recorded an encouraging growth of 13.4% for the nine months ended 30 September over the figure reported for the corresponding period in 2018. Commendably, these results are despite slower growth in the loan book, increasing non-performing loans and other external environmental factors that affected the business throughout the review period.

The overall non performing loans (NPL) ratio of the banking sector increased from 2.5 per cent at end 2017 to 3.4 per cent at end of 2018.

රුපියල ස්ථාවරයි මහ බැංකුව කියයි

The Singer Group reported consolidated revenues of Rs. 27.1 billion for the first half which ended 30 September 2019 and Company Singer (Sri Lanka) PLC which is the main marketing arm of the Group recorded Rs. 22 billion for same period which is 3% above the prior year.

ශ්‍රී ලාංකේය නව්‍යකරණ බැංකුකරණයේ පරමාදර්ශී ප්‍රමුඛයා වන සම්පත් බැංකුව ජාත්‍යන්තර මට්ටමේ සම්මානයන් 3කින් පිදුම් ලබමින් සිය විශිෂ්ටත්වය යළි යළිත් තහවුරු කිරීමට පසුගිය දා සමත් විය. සිය බැංකුකරණ ඉතිහාසයේ සුවිශේෂී කඩඉමක් සනිටුහන් කරමින් අඛණ්ඩව දෙවැනි වරටත් ශ්‍රී ලංකාවේ Most Admired Companies 10 අතරට එක් වෙමින් සම්මානයට පාත්‍ර වූ සම්පත් බැංකුව 2019 වසරේ හොඳම කාර්ය සාධනයක් සහිත බැංකුවක් ලෙස siness Today හි ඉහළම සමාගම් 30 අතරට එක් වන්නටද සමත් විය. ඊට අමතරව සම්පත් බැංකුව Most respected entities 10 අතරටද එක් වෙමින් 2019 වසරේ ශ්‍රී ලංකාවේ වඩාත් ගෞරවනීය ආයතන අතුරින් එකක් ලෙස ද සම්මාන දිනා ගන්නා ලදි.

SriLankan Airlines continued its turbulent run in 2018, racking up losses of Rs. 17.21 billion and outstanding loans of Rs. 126.7 billion, with the running of the national carrier continuing to be financed through bank borrowings, secured by comfort letters issued by the Government, according to the embattled airline’s latest annual report which was presented to Parliament on Monday.

Cabinet this week gave approval to award the contract for the supply of aviation fuel for SriLankan Airlines at 12 airport locations worldwide, in order to maintain the services of the airline.

SriLankan Airlines has made significant progress in its efforts to become a sophisticated customer-centric airline intent on achieving financial success, by implementing a wide-ranging Turnaround Plan under the leadership of its Board of Directors with the unstinted support of its employees across all divisions.

Toyota Lanka (Pvt) Ltd, the sole authorized distributor for Toyota vehicles and genuine spare parts in Sri Lanka, recently launched acomprehensive website for Toyota Sure certified vehicles which are approved by Toyota Motor Corporation and exported to Sri Lanka.

Shangri-La on Friday ceremoniously opened Sri Lanka’s first internationally developed and managed mixed-use project, the $ 608 million One Galle Face Mall, which is also the Group’s biggest venture in South Asia.

Abans is stepping up efforts to boost its automobile business with a key agency deal with global giant Hyundai, rolling out multi-million-rupee investments for modern showrooms, service centres and other benefits to customers.

Sunshine Energy Ltd. (SEL), a fully-owned subsidiary of Sri Lanka’s diversified conglomerate Sunshine Holdings Plc, opened its third hydropower plant Elgin recently in the town of Lindula in the Central Province.

Sri Lanka’s rural banking and non banking sector at village level are operating without regulatory methodologies there by leading to mal practices , government audit inspection revealed.

සෑම වසරකම ඔක්තෝබර් 31වැනි දින ලෝක සකසුරුවම් දිනය ලෙස ලොව පුරා සමරනු ලබන්නේ ඉතිරි කිරීමේ වැදගත්කම කාටත් යළි යළිත් සිහිපත් කර දීම වැදගත් වන නිසාමය. ඉතිරි කිරීමෙන් නිසි ප‍්‍රයෝජන ලැබීමට නම්, ඔබේ ඉතිරියට හොඳම ප‍්‍රතිලාභ ලැබීම මෙන්ම, ඔබේ අවශ්‍යතාවන්ට හොඳින්ම ගැළපෙන ආකාරයේ නම්‍යශීලී සේවාවක් හිමිවීම ද අවශ්‍ය වේ. එම නිසා, ඉහළ ප‍්‍රතිලාභ ගෙනෙන නම්‍යශීලී ගිණුමක් ලෙස හඳුන්වා දී ඇති නේෂන්ස් ට‍්‍රස්ට් මැක්ස් බෝනස් ගිණුම පිළිබඳ වැඩිදුර විස්තර ඔබ හමුවේ තැබීමට අපි කල්පනා කළෙමු. නේෂන්ස් ට‍්‍රස්ට් මැක්ස් බෝනස් ඉතුරුම් ගිණුම යනු සෑම මසකම 60% ක් දක්වා බෝනස් පොලියක් ලබාදෙන සුවිශේෂී ඉතුරුම් ගිණුමකි.