Economic

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.

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.

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.

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

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.

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.

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.

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.

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.

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’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.