The Central Bank of Sri Lanka (CBSL) compiles and analyses several indicators, in order to monitor the developments in the real estate sector. Accordingly, the Land Price Index (LPI) (base year: 1998) has been compiled annually from 1998-2008 and bi-annually from 2009-2017, covering 50 centers of 5 DS divisions in the Colombo District. With the…
From fresh fish to delicate flowers, Emirates SkyCargo helps carry a microcosm of the country to the world Many of Sri Lanka’s exports are colourful, tasty or fragrant and must arrive at their destinations on time and in pristine condition, a service Emirates SkyCargo continues to provide with distinction. According to figures released by the…
Singapore — Sri Lankan importers have temporarily stopped importing sugar after the government hiked import duty and imposed a maximum domestic retail price, which made imports uneconomical, market sources said. The Consumer Affairs Authority (CAA) of Sri Lanka fixed the maximum retail price for white sugar at Rupee 100/kg on October 12, which is equivalent to…
Reuters – The Sri Lankan rupee slumped to a fresh low for a third straight session on Tuesday due to importer dollar demand and foreign selling in government securities, market sources said. The currency touched an all-time low of 172.95 per dollar on Tuesday, surpassing the previous record of 172.50 hit on Monday. It closed…
Bloomberg – Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the U.S. and China prompts companies to shift production to the region. Vietnam saw manufacturing inflows jump 18 percent in the first nine months of 2018, driven by investments including a $1.2 billion polypropylene production project by…
Headline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), which is compiled by the Department of Census and Statistics (DCS), decreased to 0.9 per cent in September 2018, the lowest since January 2016, from 2.5 per cent in August 2018 on year-on-year basis. The deceleration in year-on-year inflation in…
Reuters – ** The Sri Lankan rupee hit a record low on Monday as banks and importers purchased the U.S. dollar, while stocks edge up from their nearly five-year closing low hit in the previous session. ** The rupee dropped 0.4 percent to an all-time low of 172.50 per dollar, surpassing its previous low of…
Mahendra Jayasekera, Managing Director of Lanka Walltiles and Lankatiles PLC, weighs in on the contribution of Lankatiles to the export economy as the only export brand from Sri Lanka to bear the country’s name, and its vision for the future. Q: Can you briefly recount to us the history of Lankatiles? A: As you know,…
The Ministry of Finance and Mass Media as envisaged in the Budget-2018 by the Minister Mangala Samaraweera has established a regulatory framework enabling the Sri Lankan companies to initiate Business to Consumer (B2C) direct E-Commerce transactions with overseas customers. Sri Lankan Customers do enjoy this B2C e-commerce facility via E-bay and other trading platforms but not…
The World Bank-funded Education Modernization Project will begin today under the patronage of Minister of Education Akila Viraj Kariyawasam.The World Bank has agreed to provide US$ 100 million on a concessionary credit facility for the Project to strengthen and modernize both primary and secondary education systems in the country. The project will be implemented during…
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