There has been a call for an immediate statement from the Central Bank of Sri Lanka on whether there have been any irregularities in the issuing of government securities during the period 2008-2014. In this connection, attention is drawn to the Statement issued by the Monetary Board of the Central Bank of Sri Lanka on…
Minister of Finance and Mass Media Mr. Mangala Samaraweera said that one of the main proposals made in the budget to create entrepreneurs would be launched in March. He further said that those who obtain credit facilities would be given interest subsidy upto 75% .of the effective interest rate. The government expects to disburse Rs…
Minister of Development Strategies and International Trade Malik Samarawickrama during his visit to Geneva had a bilateral meeting at the Permanent Mission, with the representatives of the ‘Global Alliance for Trade Facilitation’ programme and it was agreed to consider a cooperation agreement to implement a “Multi-Country Consolidation hub” in Sri Lanka, under the ‘Global Alliance…
JAKARTA: More than 70 people were injured, and some were seen being carried on stretchers out of the Indonesia Stock Exchange on Monday (Jan 15), after a mezzanine floor collapsed onto the building’s lobby. Police cordoned off the complex as people fled the building, as the injured, including students visiting the building, were taken away by…
Macroeconomic and financial conditions have been stable, despite a series of weather-related supply shocks. The authorities remain committed to the economic reforms under the program and have undertaken measures to improve government revenue and accumulate international reserves, said Mitsuhiro Furusawa, Acting Chair and Deputy Managing Director of the International Monitory Fund following the Executive Board’s…
Perceived Economic Opportunity PEO: October, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS…
Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The notes will total LKR7.5 billion, mature in five years and carry fixed coupons. The notes include a non-viability clause and will qualify as regulatory Tier II capital for the bank. The bank plans…
Sri Lanka is forecast to accelerate to 5 percent in 2018, mainly reflecting strong private consumption and investment growth the World Bank (WB) says in its latest economic prediction Referring to the south Asia the WB says that Growth in the region is forecast to accelerate to 6.9 percent in 2018. Consumption is expected to…
Reuters – Sri Lankan shares fell for a fourth straight session on Friday to hit a more than one-week closing low on profit-booking in blue chip stocks. The Colombo Stock Index ended 0.35 percent weaker at 6,473.62, its lowest close since Jan. 4. Turnover stood at 968.3 million rupees ($6.29 million) on Friday, more than…
SAN FRANCISCO/LONDON (Reuters) – Facebook Inc (FB.O) on Thursday began to change the way it filters posts and videos on its centerpiece News Feed, the start of what Chief Executive Mark Zuckerberg said would be a series of changes in the design of the world’s largest social network. Zuckerberg, in a sweeping post on Facebook,…
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