Economic
Sri Lanka's inflation, as measured by the change in the Colombo Consumers' Price Index (CCPI) marginally increased to 3.4 % in August 2019 from 3.3 % in July 2019, Central Bank announced.
SriLankan Airlines will add five destinations - Ahmedabad, Calicut, Katmandu, Saigon and Sydney – next year. It will also fly to Africa, Middle East and the Far East on code-share agreements with other carriers to bridge the gaps in the network, the Group CEO of the airline, Vipula Gunatilleka said.The airline which completes 40 years on September 1 plans to implement cost saving initiatives including fuel saving measures for the fleet. “At the same time, the impact of global terrorism, trade tensions and climate change must be addressed,” the CEO said.
Sri Lanka's imports fell 23.1 percent on a year-on-year basis for the eighth consecutive year, to US dollars 1,400 million as private credit slowed and balance sheets of some banks contracted, pointing to a sharp slowdown in economic activity.
Some 19 out of the 37 Osusala drug stores , Sri Lanka’s state-owned pharmacy retailer were running at losses and some original drugs were no longer available at those outlets forcing patients to buy drugs from other pharmacies.
SriLankan Airlines is celebrating 40 years of flying with a massive year-long travel fest starting tomorrow, 1 September, with special discounted fares to online destinations throughout its route network on its official website Srilankan.com.
ශ්රී ලංකවේ මෝටර් රථ ක්ෂේත්රයේ නව්යකරණ නියමුවා වන ඇසෝසියේටඩ් මෝටර්වේස් (පුද්ගලික) සමාගම තම නවතම සුපරි යතුරුපැදිය වන YAMAHA- MT-15 හඳුන්වාදීම පසුගියදා වෝටර්ස් එජ් හි සිදුකළ අතර යතුරුපැදි ලෝලී දැවැන්ත ජනකායක් මේ සඳහා සහභාගි වූහ.
Sri Lankans will be forced to pay heavy electricity bills with the introduction of new tariff formula soon replacing the existing tariff structure..
Reuters: Rupee closed slightly firmer on Friday, snapping three straight sessions of losses and recovering from a seven-month closing low hit in the previous session, but risks of foreign fund outflows weighed on the currency.
Former Central Bank Governor Ajith Nivard Cabraal yesterday called on the Government to fast-track economic reforms to improve economic expansion, warning that failure to do so could push growth to historic lows.
Sri Lanka’s much delayed e-Passport project has been hit by another snag following the sale of the international identity solutions business of De La Rue Plc (DLR) which was selected for the project contract directly.
Sri Lanka Telecom(SLT) employees will be boycotting the upcoming event of “Reshaping our future 2020-2022 and Strategic Business plan with National Digital Road map” scheduled to be held on 31st August & 1st September 2019.
Cabinet on Tuesday approved a proposal by the Finance Ministry to revise tax legislation, including those governing Value Added Tax (VAT), Nation Building Tax (NBT), and the Inland Revenue Act.
The apparel industry is heading towards becoming the key driver of economy and is set to surpass the target revenue mark for this year. The progress made by the industry so far is encouraging, Secretary General Joint Apparel Association Forum, Tuli Cooray said.
Finance Minister Mangala Samaraweera yesterday paid kudos to the resilience displayed by the Sri Lankan economy in the aftermath of the Easter Sunday attacks, describing the recovery as having exceeded expectations.
Jacqueline Fernandez recently kicked off Cinnamon’s ‘Bring a Friend Home’ campaign by visiting Sri Lanka in August to celebrate her birthday with her family and friends. Along the way, she shared a vibrant stream of digital content, showcasing the unique experiences that Cinnamon curated for her and highlighting the attractions, adventures and moments that made her trip truly unforgettable.
The US-China trade battle and the disorderly Brexit will not go down well for Sri Lanka and many other developing economies across the world and is likely to enter a phase of recession due to the slower growth experienced by developed economies, economists said.
Sri Lanka government is compelled to pay Rs 1,100 billion as debt service amidst dwindling revenue amounting to of Rs 894 billion in the first 6 months this year.
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