Economic

The Finance Ministry has made arrangments to reach the people and conduct Enterprise Sri Lanka mobile service throughout the country in order to provide capital loans at subsidised interest rate to enable the people to begin small and medium, self employment or industries in several districts during the next few days.

Prime Minister Ranil Wickr-emesinghe yesterday said that for Sri Lanka to see exponential growth, it has to make a clean break from the inward-looking policies of the past, recalibrate and move towards increased productivity and competitiveness, underpinned by a new system of governance.

With elections in the near future and no sign of a take-off, Sri Lanka is faced with a choice between continued dysfunction and continued incompetence where the role of the State is too large and the role of markets too restricted.

The Monetary Board of the Central Bank has decided cancel the licence issued to TKS Finance Ltd under the under the Finance Business Act, No. 42 of 2011 (FBA) carry on finance business with effect 19th September 2019.

Key business leaders reiterated the need for maintaining policies, diversifying exports, expanding the tourism industry and increasing trade links for Sri Lanka to successfully face the global challenges and to build the economy in the next decade.

The Colombo Water Supply Service Improvement Project has been halted temporary as the financial allocation from the 2019 budget has been exhausted, official sources said.

Sri Lanka’s manufacturing activities continued to expand at a higher rate in August 2019, compared to July 2019.

SriLankan Airlines introduced live auction for Business Class seat upgrades from yesterday, aimed at providing more convenient options for its passengers to enjoy premium comforts by the National Carrier which is a member of the oneworld alliance.

Sri Lanka’s trade deficit continued to improve during the first half of 2019 with the sustained growth of exports and the notable contraction in the growth of imports.

ශ්‍රී ලංකන් ගුවන් සේවය පාස්කු ඉරිදා ප්‍රහාරයෙන් පසුව දිවයිනේ සංචාරක කර්මාන්තය යථා තත්ත්වයට පත් කිරීම සඳහා දරන ලද උත්සාහය හේතුවෙන් පසුගියදා ගෝලීය සම්මානයට පාත්‍රය විය. ගුවන් සේවා මගී අත්දැකීම් සංගමයේ (Airline Passenger Experience Association) සම්මාන උළෙලේ දී ‘හොඳම අලෙවිකරණ නවෝත්පාදන’(Best Marketing Innovation’ ) සම්මානයෙන් ශ්‍රී ලංකන් ගුවන් සේවය පිදුම් ලැබීය.ඊට අමතරව අඛණ්ඩව 3 වන වරටත් ප්‍රධාන ගුවන් සමාගම් කාණ්ඩයේ තරු 4 පංතියේ සේවා ඇගයුම් (Four Star) ලැබීමට ශ්‍රී ලංකන් ගුවන් සේවය සමත් විම මෙහි ඇති විශේෂත්වයකි.

The country’s foremost economic event, the Sri Lanka Economic Summit (SLES) 2019, kicks off at the Cinnamon Grand Colombo today. The two-day event is themed around ‘Re-calibrating Sri Lanka’s Economic Trajectory Towards 2025,’ to guide Sri Lanka’s journey towards development and prosperity.

බී ලූනු ආනයනය කිරීමට අදාළව ඉන්දියාව නව නීති ගෙන ඒමත් සමග මෙරට බී ලූනු වෙළෙන්දන් ගොවියන්ගේ අස්වැන්න තුට්ටු දෙකට මිලදී ගැනීමට කූඨ වෙළෙන්දන් සැලසුම් කර තිබේ.

For the seventh consecutive year, Cisco – worldwide leader in IT – has signed up as the Principal Partner for Sri Lanka’s premier annual Cyber Security Summit 2019 edition.

International Trade and Development Strategies Minister Malik Samarawickrama yesterday called for investors to not be deterred by Sri Lanka’s political situation and continue to consider it as an attractive investment destination.

Sri Lankan Packaging industry is set to reap bigger gains riding on the surges in e-commerce as well as Indian and Asia-Pacific markets.

The Supreme Court has determined that proper procedure was not followed when placing the Ruhunu Economic Development Corporation of Sri Lanka Bill in the Order Paper of Parliament.

“Micro Cars” together with SAIC Motors has once again made history by introducing the first of its next generation vehicle lineup, “The All new “Mighty MG HS””, a SUV very much larger in size and loaded with latest features than the ZS.

Toyota Lanka (Pvt) Ltd, the sole authorized dealer for Toyota vehicles and spare parts in Sri Lanka made today declared open its latest showroom with service facility in the Ampara city.