Economic

Given the projections of international oil prices, Sri Lanka‟s domestic fuel prices have been adjusted according to the pricing formula at present.

It has been estimated a total sum of Rs. 2.2 trillion is required to pay off loan installments and interest for this year.

මේ වසරේ (2019) ශ්‍රී ලංකා ආර්ථිකය කලින් අපේක්‍ෂා කළ අගයටත් වඩා අඩුවනු ඇතැයි අපේක්‍ෂා කෙරේ.

2030 වන විට ශ්‍රී ලංකාව ඇමරිකානු ඩොලර් බිලියන 3.5 ක විදේශ විනිමය හා තේ නිෂ්පාදනය කිලෝග්‍රෑම් මිලියන 350 ක් ඉලක්ක කර ගෙන ඇතැයි සඳහන් වෙයි

The much-delayed, scheme of affixing foolproof stickers on legally manufactured liquor bottles gets underway causing a heavy loss to state coffers owing to awarding the tender to an Indian firm at a high price, amidst allegations of malpractices.

Reuters: Sri Lankan shares rose over 1% on Friday, posting their seventh straight weekly gain, as investors bought beverage and banking stocks.

Fuel prices, other than Auto Diesel, were increased with effect from midnight yesterday, the Finance Ministry said.

REUTERS: Sri Lanka could lose access to global debt markets if a new government shifts away from the country’s current fiscal policy that’s aimed at shoring up the economy and managing inflation, a Central Bank official said on Friday.

Hayleys PLC, Sri Lanka’s most diversified conglomerate, has demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the first quarter of the 2019/20 financial year.

Agriculture Sector Modernization Project is yet achieve expected targets owing to bureaucratic bungling, official statistics revealed.

Sri Lanka ‘s industrial production and plantation sector growth signaled the country’s economic revival with the expansion of broad money supply , credit to the government , currency circulation and the surplus in market liquidity, Central Bank announced

Singer, country’s premier consumer product retailer has been appointed as the DELL Technologies Commercial Distributor in addition to the DELL Consumer Distributor status which Singer currently holds.

The American Chamber of Commerce in Sri Lanka held a roundtable discussion with Acting Assistant Secretary, Bureau of South and Central Asian Affairs Alice G. Wells, U.S. Ambassador for Sri Lanka and the Maldives Alaina B. Teplitz, and other key officials from the U.S. Embassy and AmCham members.

The Ruhunu Economic Development Corporation (REDC) is emerging as a key area of development activities in the Southern region’s resurgence of the economy in the near future with the enactment of a new law.

Rising demand for solar panels in Sri Lanka has compelled the government to venture into the manufacturing of prototype solar panels in the country.

The Colombo Municipal Council (CMC) has introduced a set of guidelines to be followed by all the food deliverers, who are on the rise in the city.

The officials of the Municipality's Health Department had drafted the guideline to food deliverers in line with the Food Act under the guidance of Mayor Rosy Senanayake and the instructions of Chief Medical Officer Dr Ruwan Wijayamuni.

South Asia has a vibrant economies and the region is a major market for Sri Lanka. South Asian countries could benefit by facilitating trade when there are trade restrictions among the countries in the bloc, economists and trade experts said.

Sri Lanka Telecom (SLT) and Mobitel, together with the Ministry of Telecommunication and Digital Infrastructure, launched the Digital Roadmap for the Northern Province at the Auditorium of the Jaffna District Secretariat in Jaffna.