Economic

Sri Lanka could be the only country in the world with preferential access to China, India and the European Union under GSP plus if the partnership agreement with China ends successfully.

Earnings from exports grew by 2.8 per cent (year-on-year) to US dollars 6,998 million during the first seven months of 2019 as a result of higher earnings from exports of textiles and garments of 8.5% of the country’s total revenue,

Central Bank of Sri Lanka has taken a number of monetary and regulatory policy measures to induce a reduction in market lending rates over the past eleven months.

Sri Lanka’s canned fish manufacturers are now grappling to survive due to a flood of imported canned fish as a result of lowering import duty.

Sri Lanka’s Most Admired Companies were announced and awarded on Wednesday by the International Chamber of Commerce, Sri Lanka (ICCSL) together with the Chartered Institute of Management Accountants (CIMA) Sri Lanka and the Daily FT.

ශ්‍රී ලංකාවේ සත්ත්ව සෞඛ්‍ය නිෂ්පාදන කර්මාන්තයේ වෙළෙඳ පොළ ප්‍රමුඛයා වන සීමාසහිත ෆාර්ම්කෙමි (පෞද්ගලික) සමාගම ලංකා ජාතික කර්මාන්ත මණ්ඩලය සංවිධාන කළ CNCI Achievers - 2019 සම්මාන උළෙලේ දී නිෂ්පාදන අංශයේ ජාතික මට්ටමේ මහා පරිමාණ කාණ්ඩයේ කුසලතා සම්මානයෙන් පිදුම් ලැබීය. ගත වූ පහළොස් වසර තුළ දේශීය වෙළෙඳ පොළේ අණසක පතුරුවා සිටින ෆාර්ම්කෙමි සමාගම සිය ජනප්‍රිය සන්නාමය වන ෆාර්ම්ස්ටාර් නිෂ්පාදන, පශු වෛද්‍ය පෙර මුසු සහ සත්ත්ව ආහාර අතිරේක සමගින් ජාත්‍යන්තර වෙළෙඳ පොළට ද ප්‍රවිශ්ට විය. ඉන්දියාව, උගන්ඩාව, බංග්ලාදේශය, පාකිස්තානය, නේපාලය සහ එක්සත් අරාබි එමීර් රාජ්‍යය තුළ 2018 සිට ෆාර්ම්කෙමි නිෂ්පාදන අලෙවි කෙරේ.

Commercial banks are earning a massive sum of over Rs. 130 million daily by levying a service charge of Rs. 5 from credit or debit card holders for every financial transaction using Automated Teller Machines (ATMs), an official audit report revealed.

In the mission to transform the Sri Lankans to become a force equipped with thrift and savings, the National Savings Bank is organizing the ‘NSB Páta Páta Hapankam’ art competition for the fourth time in this year in collaboration with the Ministry of Education.

Details of a vehicle racket involving “Specialized vehicle” imports taking advantage of lower tax regime of engine capacity taxation formula have been revealed

The Crop Solutions Division of CIC Holdings PLC felicitated and rewarded their star employees at the ‘Achievers Night’ which was held at Windsor Park, Hingurakgoda recently.

Central Bank has withdrawn the directive issued to Licensed Banks to reduce maximum interest rates on deposits to accelerate monetary policy transmission through the financial sector, enabling lower rates on lending products in general, and to SMEs in particular, thereby enhancing credit flow to the real economy.

Sri Lanka's inflation, as measured by the change in the National Consumer Price Index(NCPI) increased to 3.4 percent in August 2019 from 2.2 percent in July 2019, Central Bank announced on Tuesday.

The Colombo stock market had a mixed ending yesterday with All Share Price Index (ASPI) declining and the more active S&P SL 20 improving.

කොටස් තැරැවුකාර හා පර්යේෂණ ආයතනයක් වන ජේබී සෙකියුරිටීස් දත්තයන්ට අනුව, අගෝස්තු මාසයේ දී සියලු කාණ්ඩ හරහා වාහන ලියාපදිංචි කිරීම 32,188ක් වී තිබේ. එය ජූලි මාසයේ දී ලියාපදිංචි ප්‍රමාණය හා සැසඳීමේදී තරමක ඉහළ යෑමකි.

Sri Lanka Telecom (SLT) is now entering in to long term financial agreements to implement artificially built-up or massive scale projects with investments running up to billions of rupees in a hurry on the eve of upcoming presidential elections, SLT engineers alleged.

Sri Lanka revenue drained through interest costs, debt servicing and recurrent expenditure etc severely limits the government’s ability to respond to economic slowdowns.

The Central Bank yesterday said it has removed the deposit rate cap imposed on banks as the lending rate caps have been announced.

Sri Lanka’s foreign-funded infrastructure projects, under implantation are either delayed or suspended midway due to lack of proper coordination between various public institutions that implement such projects, a progress review report revealed.