The Monetary Board has decided to keep policy rates unchanged at its meeting this week, a stance consistently maintained since the last revision in July 2020.
The Bill containing the new tax amnesty will be out soon and presented to Parliament to give legal effect, the Government announced yesterday.
In a major boost to kick-start stalled key businesses, President Gotabaya Rajapaksa has approved the partial reopening of hotels and restaurants from today as well as putting the tourism sector under a priority COVID vaccination program.
ASPI ends almost flat after spike in first 40 minutes of trading; S&P manages to gain by only 0.8%
Investor sentiment and activity lacklustre as turnover hits a two-week low
Tourist arrivals in June increased by 7% to 1,614 from May, despite the travel restrictions in place as a result of the ongoing third wave of the COVID-19 pandemic.
වෙළඳපලේ සීනි මිල තවදුරටත් ඉහළ යාමේ අවදානමක් මතුව තිබෙනවා. ඒ, ඉකුත් දින 10 තුළ සීනි කිලෝ ග්රෑම් 01 ක තොග මිල රුපියල් 25 කින් පමණ ඉහළ ගොස් ඇති පසුබිමක් තුළයි. මේවනවිට වෙළඳපලේ සීනි කිලෝවක සිල්ලර මිල ද රුපියල් 135 සීමාව ඉක්මවා ගොස් තිබෙනවා.
The Colombo Stock Exchange (CSE) has taken the initiative to introduce a new over the counter (OTC) platform to carry out repo transactions on debt securities.
The Government on Friday revised down the 2021 economic growth forecast to 4.5-5% from the previous prediction of 6% due to the impact of the third wave of COVID pandemic.
The Hambantota International Port Group (HIPG) has moved into top gear to accelerate the progress of its industrial park, combining its latest concept ‘HIPG Speed’ into the port’s Standard Operating Procedures (SOP).
General Sir John Kotelawala National Defence University Bill among others to be taken up for debate
Emirates has extended the suspension of passengers from Sri Lanka till 15 July.
A Bill to amend the National Minimum Wage for private sector employees was discussed at the Ministerial Consultative Committee on Labour chaired by Minister of Labour Nimal Siripala de Silva yesterday.
The Central Bank yesterday refuted rating agency concerns over letting licensed commercial banks and the National Savings Bank (NSB) invest in Sri Lanka’s International Sovereign Bonds (ISBs).
REUTERS: Shares ended higher on Friday, helped by gains in consumer staple and industrial stocks, but the main index logged its first weekly loss in six.
The jewellery industry yesterday labelled the import licensing scheme unfair and has urged for its removal or postponement, so as to encourage foreign exchange income, after the Cabinet of Ministers on Monday decided to bring gold under the import licensing scheme.
State Minister Nivard Cabraal yesterday declared pandemic-prompted “tough times are only temporary” but collective responsible action by all will ensure they don’t prolong, as the Government continues with measures to address multiple challenges.
In response to why Sri Lanka did not sign the global tax treaty, State Minister of Money, Capital Markets and Public Enterprise Reform Nivard Cabraal yesterday said, “Sri Lanka is not a ‘leading economy’ but an ‘emerging economy’.
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