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 2.5 per cent in August 2018 from 3.4 per cent in July 2018, on year-on-year basis, mainly driven by monthly decline in Food prices in August 2018….
A Memorandum of Understanding was signed between the Board of Investment of Sri Lanka, the Export Development Board of Sri Lanka and Business France. Mr. Dumindra Ratnayake, Chairman of the BOI, Mrs. Indira Malwatte, Chairperson of the EDB and Ms Sophie Clavelier, Head of Business France, South Asia, signed the MOU on behalf of the…
Reuters – The Sri Lankan rupee hit a record low for an eighth straight session on Friday, but closed the session firmer following intervention by the central bank, market sources said. The central bank will intervene aggressively to curb excess volatility in the exchange rate, Senior Deputy Governor Nandalal Weerasinghe told Reuters. “We will not…
Reuters – Sri Lankan shares dropped to their lowest close in more than 30 months on Friday as foreign investors sold banking stocks, while a weaker rupee dented investor sentiment as well. The Colombo stock index ended 0.29 percent weaker at 5,904.90, its lowest close since March 9, 2016. It lost 2.1 percent this week,…
The three global winners of the Study UK Alumni Awards 2018 were presented with their awards by the British Council’s CEO, Sir Ciarán Devane, at a celebratory lunch at the British Council’s headquarters in London. The three winners, from Colombia, Sri Lanka and the Philippines are visiting the UK to build their professional networks, expertise…
In a disclosure to Colombo Stock Exchange (CSE), MTD Walkers PLC said that they are aware of the obligation to repay the Type A Debentures in line with the obligations as per the debenture trust deed. The disclosure was referring to a letter sent to them on 19th September 2018 at 6:20 pm. The…
Reuters – Sri Lanka’s central bank will intervene aggressively to curb excess volatility in the rupee exchange rate, Senior Deputy Governor Nandalal Weerasinghe told Reuters on Friday. “We will not tolerate excess volatility that we have seen in the market during the last couple of days. We will intervene aggressively,” he told Reuters. The move…
Reuters – Sri Lankan shares dropped to their lowest close in 30 months on Thursday as foreign investors sold market heavyweight John Keells Holdings, while a weak rupee dented sentiment. The Colombo stock index ended 0.88 percent weaker at 5,922.18, its lowest close since March 9, 2016. It lost 1.4 percent last week, its first…
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 of the…
The need for businesses to embrace digital transformation was highlighted at a recent forum organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) where experts emphasized that changing with futuristic trends were important if an organisation is to continue to be profitable and successful. Speaking at an evening forum organised…
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