Approval of the Cabinet of Ministers was granted at their meeting held on the 08 April 2020 for the issuance of orders under the foreign exchange act No. 12 of 2017 for the opening and maintenance of recently introduced Special Deposit Accounts (SDAs) in order to deposit money remitted into the country across the banking…
The government’s highest priority is to strengthen the economy and get the country back on the growth track, State Minister for Finance, Capital Market, and State Enterprise Reforms, Ajith Nivard Cabraal stated and added that firm commitment has been given to investors even with the difficulties arising from the current situation. The State Minister was responding to a question…
The International Monetary Fund on Monday said member governments should seize a low-interest rate opportunity to invest in infrastructure to drive recovery from the coronavirus pandemic and a shift toward greener energy. The IMF said in chapters from it fiscal monitor that its research shows public investment in infrastructure, including investments in health care systems,…
The National LANKAQR Initiative “ රට පුරාම (Rata Puraama) LANKAQR” was launched today (5th October 2020) at the Central Bank of Sri Lanka (CBSL) by Dr. Bandula Gunawardena, Minister of Trade as the Chief Guest, in the presence of Ajith Nivard Cabraal, State Minister of Money & Capital Market and State Enterprise Reforms, Lasantha Alagiyawanna,…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) today (05) recorded the highest drop in a single day in history after the island nation reported the first case of Covid-19 community infection in several months. Sri Lanka’s only Capital Market All Share Price Index (ASPI) crashed down by 8.21% or 496.50…
The Beijing Swift – By Prof. Samitha Hettige © According to a Chinese folk tale about six centuries ago people of south China used to train Elephants for various tasks which is difficult for humans to perform as in Sri Lanka, Thailand and India. South China borders Laos which is also known as “the land…
The Ceylon Chamber of Commerce recently established the CCC Council for Startups under the guidance of its National Agenda Committee on Entrepreneurship Ecosystem. The inaugural meeting was held on 28th September 2020. Entrepreneurship plays a vital role in stimulating sustainable economic growth and fostering prosperity of nations. Entrepreneurship contributes to the creation of wealth, generation…
ITC and Department of Commerce Successfully Completes STATA Software Training The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka successfully completed a specialized training in September for 15 public sector officers and researchers on the globally acclaimed statistical software package STATA. The ITC – a joint agency of…
Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 11.07 am to 11.37 am this morning (05) as S&P SL20 index dropped by 5% during the trading session. S&P SL20 index fell 125.53 points or 5.11% to 2,328.90 and the All Share Price Index also fell 4.26% or 257.54 points in early trade to 5,792.63. The market turnover…
Although immediate debt payments can be met by Sri Lanka, to build credibility, a medium-term plan is required, a panel of eminent economists said whilst urging the Government to take credible and decisive action to prevent a painful debt crisis. Key insights were shared at the ‘Deep Dive,’ organised by the Advocata Institute that aims to…
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