According to J. B. Securities monthly review, Vehicle registrations across most categories have declined in June relative to May, a drop in 2-wheeler registrations have driven down the total to 26,201 the lowest on record over the past 36 months. Total car registrations recorded 1,580 units in June down from 1,816 units in May and…
~ A national forum on changing today’s uncertainties into tomorrow’s opportunities A national forum under the theme IGNITE 2020 will be held on 25th July from 6.00pm onwards at BMICH bringing together marketing professionals, expert marketers and business corporate personalities in an all-star event designed to inspire fresh thinking as we step into the year…
Issuing National Consumer Price Index (NCPI), for the month of June 2019, Director General of Census and Statistics said that headline inflation as measured by the Year on Year change (The percentage change in the current month NCPI over same month NCPI of last year) based on NCPI has been compiled as 2.1%. The headline…
(Reuters) – Sri Lankan shares closed lower on Monday, snapping an eight-session gaining streak, as investors booked profits, while the rupee weakened on higher importer dollar demand. ** The country’s benchmark stock index ended down 0.97% at 5,659.77. **The index is down about 6.49% so far this year. ** The country’s stock market had a…
Hayleys Free Zone Limited today (22) firmly denied the allegations against the company in connection with importing garbage to Sri Lanka. In light of recent adverse media publicity in relation to 130 container loads of used mattresses that are currently stored at the Hayleys Free Zone yard premises, the company clarified that these mattresses were…
In terms of the provisions of the Sri Lanka Tea Board Law No.14 of 1975, a levy of Rs.3.50 is made on every kilogram of exported tea from the registered exporters. As a result of the direct and indirect levies and the economic service charges made by now, the cost of production charges will further…
The approval of the Cabinet has been granted previously, to sign the Air Services Agreement between Sri Lanka and the United Republic of Tanzania. Accordingly, the proposal made by the Minister of Transport & Civil Aviation, to amend and implement the Agreement based on the matters agreed upon at the consultation between the Aeronautical Authorities…
The Ceylon Chamber of Commerce will hold an informative discussion on the constitutional powers of the President post the 19th Amendment to the Constitution . The current President came into power on an election promise that the Executive Presidency would be abolished. On April 28th 2015, the 19th Amendment to the Constitution (19A) was passed…
The Government of Japan will provide US$ 86,358 (approx. Rs. 14.7 million) for “The Project for Constructing School Buildings for Resettled Children in Kilinochchi District” through its Grant Assistance for Grassroots Human Security Projects (GGP). The grant contract was signed on 18th July 2019 at the Ambassador’s Residence in Colombo, between His Excellency Mr. Akira…
(Reuters) – A key gauge of China’s debt has topped 300% of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks. China’s total corporate, household and government debt rose to 303% of GDP in the first quarter of…
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