Economic
The last lot in the official list of disgruntled depositors of Golden Key Credit Card Co Ltd (GK) will be getting their 41 per cent repayment of their security deposits soon signalling the end of an over 10-year saga tainted with sorrowful memories, deception, back-stabbing and political interfering.
Sri Lanka ’s manufacturing activities came to a near standstill recording the all-time low performance following the Easter terror attack.
ඊයේ මධ්යම රාත්රියේ සිට ලංකා IOC පෙට්රල් මිල රුපියල් 5 කින් ඉහළ දැමීමට සහ ලංකා IOC ඔටෝ ඩීසල් මිල රුපියල් 9 කින් අඩු කිරීමට තීරණය කර තිබේ.
REUTERS: Shares closed higher for a second straight session on Friday, moving further away from a near seven-year closing low hit earlier this week, as local investors bought beaten down stocks.
All liquor stores island-wide will be closed for four consecutive days during the Vesak season, the Excise Department stated.
Reuters: Sri Lankan shares fell yesterday for an eight straight session, closing at their lowest in more than six-and-a-half years, and the rupee slipped for a third day in dull trade, as the Easter bombings drove off investors.
But pressures will be mitigated somewhat by the renewed IMF program
Warns growth will be slower than projected 3.6%
Tourism decline will hit current account deficit
Debt refinancing vulnerabilities could increase if market confidence undermined for longer
Worries political tensions will resurface as Presidential elections edge closer
The benchmark stock index ended 0.45% weaker on Wednesday at 5,199.98, its lowest close since Aug. 30, 2012.
The Executive Board of the International Monetary Fund (IMF) has approved US $ 164.1 million disbursements for Sri Lanka, completing the fifth review of the Extended Fund Facility (EFF) arrangement Sri Lanka has with the multilateral lender.
Central Bank continues its regulatory measures including withdrawal restrictions for deposits and disbursement of loans and advances on the Finance Company which was on the verge of collapse due to liquidity constraints.
Partnering with two of Sri Lanka’s cricketing legends, MahelaJayawardena and Kumar Sangakkara, VirTrans Capital today launched YOUCABand SYTRANS, the latest player in the Island’s e-Transport hailing game.
Looking at opportunities through the crisis period, Galadari Hotel is investing a total of $ 15 million to refurbish its property completely by 2021.
Gross income grows by 12.86% to Rs. 35.501 billion
Pays Rs. 3.615 billion or 53.13% of operating profit as taxes
Economic slowdown, migration to SLFRS 9 push up impairment charges by 68.37%
Prime Minister Ranil Wickremasinghe has pledged to bring back hundreds of tourists to Sri Lanka in a new promotional drive by August this year following the devastation caused to tourism by Easter Terror.
The tourism and banking industries yesterday reached consensus over the much-needed relief package at a meeting chaired by the Finance Ministry.
Minister of Economic Reform Dr. Harsha de Silva has assured all Sri Lankans that with the right strategy; the country’s economy can recover and come back stronger the same way the other nations who were victim to ISIS attacks on their soil have recovered.
In an unorthodox move, Sri Lanka government jacked up fuel prices this month despite declining international petroleum prices and the appreciating of the rupee while disregarding fuel pricing formula.
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