Economic

REUTERS: Shares jumped to their highest in more than a year in heavy volume, while the rupee rose to a two-and-half month high yesterday, after former wartime Defence Secretary Gotabaya Rajapaksa won the presidency by a big margin.

Inconsistent policies on taxes, labour issues, high electricity tariff, lack of export orders, and high production costs are compelling many industrialists to close down their factories at Sri Lankan industrial estates countrywide, the Regional Industriaists Association (RIA) warned.

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.

Sri Lankan boat manufacturers are seeing an increase in demand for fishing boats following the increasing need of multi-day vessels but such a boat manufacturing venture started in 2016 is still to be completed due to irregularities, official sources said.

ඇසෝසියේටඩ් මෝටර්වේස් (පුද්ගලික) සමාගම (AMW) මෙරට යතුරු පැදි ලෝලීන්ට නිරන්තර නව්‍යකරණයන් සහිත නව මාදිලි හඳුන්වා දීමට කටයුතු කරන අතර, එහි තවත් වැදගත් ඉදිරි පියවරක් තබමින් YAMAHA NMAX 125 ස්කූටරය වෙළෙඳ පොළට හඳුන්වා දී තිබේ. මෙරට පැවැත්වෙන ප්‍රමුඛතම මෝටර් රථ ප්‍රදර්ශනය වන Colombo Motor Show මෙවරත් නොවැම්බර් 8, 9 හා 10 යන දිනයන්හිදී BMICH පරිශ්‍රයේදී පැවැත් වූ අතර නොවැම්බර් 8 වැනි දින ප්‍රදර්ශන භූමියේදී Yamaha NMAX 125 ස්කූටරය එළිදැක්වීම සිදු විය. AMW සමාගමේ කළමනාකාර අධ්‍යක්ෂ බ්‍රැන්ඩන් මොරිස්, AMW සමාගමේ මගී වාහන අංශයේ අධ්‍යක්ෂ යොහාන් ද සොයිසා සහ යමහා නියෝජ්‍ය සාමාන්‍යාධිකාරී - සහරාන් සියාවුඩීන් යන මහත්වරුන් මේ අවස්ථාවට සහභාගි වූහ.

රුපියල ස්ථාවරයි මහ බැංකුව කියයි

Development Lotteries Board (DLB) is reaching new heights in turn over and profits during the end of the third quarter of the current financial year.

Allowing the new Government to appoint a new Chairman, incumbent Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman Kishu Gomes has tendered his resignation effective 15 November 2019,

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.

Sri Lanka's economy is expected to in medium term subjected to the country' ability to ensure political stability and a return to normalcy following the election of the new President , Central Bank sources said.

Sri Lanka’s Central Bank is making final arrangements to issue US$500 million in samurai bonds Sri Lanka’s Central Bank, marking the country’s first foray into the Japanese market.

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.

A high level investigation is to get underway into missing money amounting to billions of rupees from the massive Chinese loan obtained for the construction work of the Hambantota harbour, official sources said.

පසුගිය කාර්තුව තුළ දී සිය සමස්ත අලෙවි පරිමාව 11%කින් පහළ බැස ඇති බව ලංකා දුම්කොළ සමාගම පවසයි. 2019 සැප්තැම්බර් 30 න් අවසන් කාර්තුව සඳහා වන නවතම මූල්‍ය ප්‍රතිඵල ප්‍රකාශයට පත් කරමින් සමාගම මේ බව කියා සිටී. මෙහිදී සමාගම අවධාරණය කර සිටින්නේ පසුගිය වසර තුළ සිදු වූ බදු ඉහළ යාම් මීට ප්‍රධාන වශයෙන් හේතු වී ඇති බවයි.

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 government will be introducing regulatory methodologies for rural financial institutions which directly or indirectly provide micro credit facilities among other financial facilities.

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.