Prime Minister Mahinda Rajapaksa today (06) assured that the present government has not decided to handover the management or the ownership of the East Container Terminal (ECT) at the Colombo Port to any foreign firm. “Jaya Container Terminal was delayed under 5 phases and the cranes used for the project have been installed at the…
The World Bank projects Sri Lanka’s economy to grow 3.3% this year, and 2.2% next year. “In economies that rely on external sources of growth, such as manufacturing exports (Bangladesh) and tourism (Bhutan, Maldives, Nepal, Sri Lanka), the recovery is likely to be particularly modest,” the World Bank said in the latest edition of the…
The Cabinet of Ministers has approved the proposal presented by Minister of Industries to set up a ‘Smart One Stop Shop’ comprising the representatives of all relevant institutions to enable local and foreign investors interested in investing in industrial zones associated with Hambantota Port and Industries in the Southern Province. “Provisions of the Industrial Promotion Act No. 46…
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further…
The Colombo Stock Exchange (CSE) closed trading for the day (05) recording a daily turnover of Rs 6.18 billion. Here, Browns Investments PLC (Rs. 1.25 billion) made the highest contribution to the daily turnover. In addition, Expolanka (Rs.634.75 million), ACL Cables ( Rs.372.34 million) and Alumex (Rs. 240.79 million) made significant contributions to the turnover. Meanwhile, the main index of the Colombo Stock…
The first phase of digital land registration process has been initiated at the Colombo Land Registry and will be rolled out across 45 land registries island wide by the end of this year. The e-Land Registry software for this purpose was officially launched at the Land Registration Office in Colombo yesterday (04). This new software…
The market capitalization of the Colombo Stock Exchange (CSE) crossed the Rs.3 trillion mark yesterday (04). Accordingly, the market capitalization at the end of yesterday’s trading session was Rs. 3,013,426,581,096. Ceylon Tobacco Company (CTC) is the largest listed company in Colombo Stock Exchange in terms of market capitalization of Rs.211 billion. John Keells Holdings is in…
In order to preserve the foreign currency reserve position of the country and considering the possible negative impact to the Sri Lankan economy due to the Covid-19 pandemic situation, the Minister of Finance with approval of the Parliament has issued an Order published in the Gazette Notification No 2206/25 dated 18 December, 2020, extending the…
The Cabinet of Ministers has approved the proposal tabled by Minister of Education to implement ‘e – thaksalawa’ programme as the official online learning portal in the schools and other education institutions functioning under the Ministry of Education. The Ministry of Education has already taken measures to implement the ‘e – thaksalawa’ programme as an online programme with…
The Central Bank of Sri Lanka (CBSL) intends to establish a ‘permanent single digit interest rate structure’ in the economy whilst remaining focused on maintaining market interest rates at single-digit levels going forward, CBSL Governor Prof. W.D. Lakshman said yesterday (04). Delivering the ‘Road Map 2021: Monetary and Financial Sector Policies for 2021 and Beyond,’ Governor Lakshman stated…
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