Reuters – ** Sri Lankan stocks rose for the sixth straight session on Friday to hit their five-week high led by banking and beverage shares, but foreign investors exited from risky assets with the start of presidential poll campaigning. The rupee currency ended weaker. ** Sri Lanka’s central bank left its key rates unchanged on…
Five out of six forensic audits on the Central Bank bond scam will be completed by November, Central Bank governor Dr. Indrajith Coomaraswamy said today (11). “Five out of six forensic audits are nearing completion and those audit reports will be ready by November,” the Governor said. Dr.Coomaraswamy further noted that once the forensic audit reports on the…
Central Bank Governor Dr. Indrajit Coomaraswamy is optimistic that the confidence and sentiments will gradually pick up after the election. Speaking further governor defended the monetary authority’s decision to impose caps on interest lending rates, insisting that it was an effort aimed at giving a strong boost to the economy to grow once the election…
A new report from Standard Chartered, titled ‘Trade20: The rising stars of global trade’ has ranked Sri Lanka among the top 20 rising stars of global trade. The Trade20 index, which identifies the 20 rising stars of trade, places Côte d’Ivoire in the top spot, followed by India, Kenya, China, Ireland, Vietnam, Indonesia, Thailand, Oman, and…
Issuing a notice the Director-General of the Security and Exchange Commission of Sri Lanka (SEC) warned the public with regard to a growing number of unsolicited phone calls from persons claiming to be agents of international stock broker firms, offering to facilitate investment in the share of companies traded on offshore jurisdictions with a promise…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 10 October 2019, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 7.00 per cent and 8.00 per cent, respectively. The Board arrived at…
(Reuters) – ** Sri Lankan stocks rose for the fifth straight session on Thursday to hit their near four-week high led by beverage shares, but foreign investors exited from the risky assets with the start of presidential poll campaigning. The rupee currency ended steady. ** Local investors picked up select shares, with one of the…
Banks have a critical role to play in supporting remittances that can fuel growth beyond consumption, and help Sri Lanka leapfrog into the digitally-supported growth of tomorrow, Dr.Idah Pswarayi-Riddihough, the World Bank Country Director for Sri Lanka, said. She also noted that banks have a critical role to play in financial inclusion, as well as…
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 OR BUSINESS PERFORMANCE Analysis…
After UNIDO’s successful training sessions in bamboo based production for Sri Lankan artisans, the next phase of the pioneering series is now scheduled to start next week. The latest round in the pioneering UNIDO series of trainings, called Prototyping, will be unveiled in Colombo on Wednesday 16 October. This series is part of Bamboo Processing…
Video Story
