Economic

The Department of Excise has amended the regulations to permit the retail sale, transportation and possession of up to 80 litres of foreign liquor.

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.

සෙලාන් බැංකුව පසුගිය දා National Card Scheme (NCS) සේවාවන් සපයන LankaClear සමාගම සමඟ විශේෂ ගිවිසුමකට අත්සන් තැබීය. එමගින් ගනුදෙනුකරුවන්ට දිවයින පුරා අලෙවිසල්වල දී LankaPay සහ Japan Credit Bureau (JCB) සන්නාම සහිත කාඩ්පත් මගින් ගෙවීම් සිදු කිරීමේ අවස්ථාව හිමි වේ.

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Central Bank has withdrawn the directive issued to Licensed Banks to reduce maximum interest rates on deposits to accelerate monetary policy transmission through the financial sector,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.

The Central Bank yesterday defended imposing interest rate caps insisting it would be a credit positive for local banks as the move would lead to the gradual increase of credit demand, lower Non-Performing Loans (NPLs) and stimulate economic activity.

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.

Top lawyer Dr. Harsha Cabral PC has been appointed as a Non- Executive Independent Director at Hatton National Bank PLC.

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 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.