Economic

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.

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.

මුස්ලිම් ව්‍යාපාර වර්ජනය කරන්න කියලා ලොකු මතවාදයක් මේ දවස්වල ගෙනියනවා. මේ කාලේ සිද්ධ වෙන දේවල් ගැන මොකුත්ම නොලියා ඉන්න හිතුවත් මේ කැම්පේන් එක ගැන යමක් ලියන්න හිතුවා

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.

පාස්කු ඉරිදා ත්‍රස්ත ප්‍රහාරයෙන් බිඳ වැටී ඇති මෙරට සංචාරක කර්මාන්තය නැවතත් යථා තත්ත්වයට ගෙන එම සඳහා ජාත්‍යන්තර වශයෙන් ප්‍රවර්ධන හා ප්‍රචාරක වැඩපිළිවෙලක් ක්‍රියාත්මක කිරීමට ශ්‍රී ලංකා සංචාරක ප්‍රවර්ධන කාර්යාංශය සැලසුම් කර තිබේ.

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.

Sri Lanka’a poultry industry is now rocked by after effects of Easter terror following the government’s inaction in providing redress for affected farmers, producers and consumers who are losing confidence on the present administration for its all talk no action attitude.

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.

In the year 2018, registration of cars has increased 106.2%, according to the Central Bank's annual report of 2018.