Economic

The Central Bank yesterday decided to keep policy rates unchanged so the previous reduction in rates could filter through to markets and also safeguard against higher inflation during festivity months as well as any fiscal slippage that could be seen as Sri Lanka heads for Presidential Elections next month.

මහ බැංකුකරණය පිළිබඳ වෙනස් ලෙස සිතීම වචනයේ පරිසමාප්ත අර්ථයෙන්ම ඉටු කරමින් අග්නිදිග ආසියානු මහ බැංකු ආයතනයේ දී සියැසන් (SEACEN) සහ අන්තර්ජාතික පියවීම් බැංකුවෙහි (Bank for International Settlements - BIS) උසස් මට්ටමේ සම්මන්ත්‍රණය සහ සියැසන් විධායක කමිටුවේ 18 වැනි රැස්වීම අතිසාර්ථකව කොළඹ දී පැවැත්වීය.

Reuters: Stocks and rupee closed firmer yesterday after presidential frontrunner Gotabaya Rajapaksa, who faced uncertainty over his candidature, filed a nomination early in the day.

Sri Lanka’s trade performance during the first eight months of 2019 recorded an improvement over the previous year, supported by a notable contraction in the growth of imports and a modest growth of exports, Central Bank ,announced yesterday (Friday 11).

Inroads made by fintech will push stakeholders to redraw the roadmap for the banking industry, which would require focus on increasing the agility of banks, improving financial inclusion and accelerate development, an official said.

Toyota Lanka (Pvt) Ltd, the sole authorized distributor for Toyota vehicles and genuine spare parts in Sri Lanka, recently launched a comprehensive website for Toyota Sure certified vehicles which are approved by Toyota Motor Corporation and exported to Sri Lanka.

Sri Lanka Government is mulling to revise the proposed ‘carbon tax’ originally based on a complex criteria including the age of the vehicle, engine capacity, which had no direct connection to the actual use or burning of fuel, official sources confirmed.

SriLankan Engineering, the aircraft Maintenance Repair Overhaulunit (MRO) of SriLankan Airlines, marked another milestone with the commencement of certification of the first B787 aircraft operated by Singapore Airlines to Malé, Maldives. The Airline in the past has provided certifications to various Airbus aircraft of Singapore Airlines in Maldives and this is the first time the National Carrier certified a Boeing 787.

ශ්‍රී ලංකා ජාත්‍යන්තර වාණිජ මණ්ඩලය (ICCSL) සහ ශ්‍රී ලංකා කළමනාකරණ ගණකාධිකාරීන්ගේ වරලත් ආයතනය (CIMA) මගින් 2019 වසරේදීත් අඛණ්ඩව දෙවැනි වරට ශ්‍රී ලංකාවේ වඩාත්ම ගෞරවාදරයට පත් සමාගම් 10 අතරට ශ්‍රේණිගත වීමට එයිට්කන් ස්පෙන්ස් පීඑල්සී සමත් විය.

ඉන්ධන මිල සූත්‍රයට අනුව මෙවර සිපෙට්කෝ ඉන්ධන මිලෙහි කිසිදු සංශෝධනයක් සිදු වී නොමැත.

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday defended the monetary authority’s decision to impose caps on interest lending rates, insisting that it was an effort aimed at giving a strong tailwind to the economy to grow post-March once the election cycle was over.

Sri Lanka Central Bank has taken several key initiatives to promote cashless payments including mobile payments while strengthening electronic retail payment infrastructure.

Bank of Ceylon has written off Rs. 1,169 million capital of loans obtained by s 12,014 customers of the Bank in 2017/2018 period , latest data showed.

The Central Bank of Sri Lanka has taken a number of measures over the past eleven months to ease monetary policy and monetary conditions in view of decelerating growth of credit and monetary aggregates and subdued economic growth, amidst well anchored inflation expectations.

A five year Tourism Value Chain is to be created in Sri Lanka with Canadian funding to promote tourism focusing on Small and Medium Enterprise (SME) schemes that impact the lively hood of rural women folk country wide

Details of a financial fraud of withdrawing cash from National Savings Bank fixed deposits belonging to Postgraduate Institute of Science (PGIS) Peredeniya University have been revealed.

ශ්‍රී ලංකාවේ වඩාත්ම සාර්ථක සහ විශ්වාසදායී දේපල සංවර්ධන ආයතනය වන ප්‍රයිම් සමුහය කොළඹ සහ ඒ අවට සුවපහසු නාගරික ජීවිතයට කැමති සිය පාරිභෝගිකයන් වෙනුවෙන් වර්ෂ 2014 සිට සුපිරි නිවාස සංකීර්ණ 32 ක් නිම කර දී ඇති බව නිවේදනය කරයි.

බ්‍රැන්ඩික්ස් සමාගම මෙරට ආර්ථිකයට ලබා දුන් සුවිශේෂී දායකත්වය වෙනුවෙන් යළිත් වරක් ‘වසරේ අපනයනකරු’ ලෙස ජනාධිපති සම්මානයෙන් පිදුම් ලැබීමට පසුගිය දා සමත් විය. 23වැනි වරට පැවැති මේ සම්මාන උළෙල ජනාධිපති මෛත්‍රීපාල සිරිසේන මහතාගේ ප්‍රධානත්වයෙන් පැවැත්විණි.