The Central Bank of Sri Lanka (CBSL) has observed media reports erroneously highlighting lack of funds to pay-off Treasury bonds before their date of maturity. CBSL notes that there is no accuracy in above media reports and highlights the unblemished debt service payment record of the government in servicing both domestic and foreign debt. The payment of interest…
The recent Cabinet Announcements said that Sri Lanka’s government had entered into a long term contract with M/s Swiss Singapore Overseas Enterprise Pte Ltd to buy Murban Crude Oil to the tune of 7 million Barrels for the 8 months effective from 1st April 2018 to requirement of refining at Sapugaskanda Oil Refinery owned by Ceylon…
Reuters – Sri Lankan share index ended marginally lower in thin trading on Tuesday as continued political uncertainty dampened sentiment, stockbrokers said. The market has been awaiting signs of political stability after President Maithripala Sirisena suspended parliament until May 8. A cabinet reshuffle was expected on Monday, but government sources said it had been delayed….
The Kandy Industrial Park has emerged as a major economic center in the Central Province and has contributed US$ 93 million worth of direct exports earnings in 2017. This Board of Investment of Sri Lanka’s zone has also contributed an additional US$ 3 million in indirect exports. Currently 26 enterprises are located at the Industrial…
Reuters – The Sri Lankan rupee slipped to an all-time low of 157.30 per dollar on Tuesday, pressured by importer dollar demand, dealers said. Three dealers confirmed that the rupee was traded at 157.30 on the dollar. It surpassed the previous all-time low of 156.90 hit on Monday. “Still we don’t see exporters in the…
Colombo Stock Exchange (CSE) in a notice to clients of Stock Broker firms said that it had prohibited carrying out trading activities of 4 firms due to non-compliance with rule 5.1.1. and 5.2.1 of the CSE Stock Broker rules. Accordingly renown Investment Banker and former CSE Director (2013) Asanga Seneviratne owned Nation Lanka Equities, former…
The South East Asian Gateway Province to mainland China’s ambitious One Belt-One Road (OBOR) initiative voiced its impatience to witness the historic Sri Lanka – China FTA’s take-off -so that bigger bilateral trade would become a reality soon. “Currently total bilateral trade between Yunnan and Sri Lanka is only US $ 18 Mn. The Sri…
A group of Investors from several companies of Pakistan has arrived to Island to find out about the new investment opportunities where they met with President Maithripala Sirisena at the President’s official residence, Monday (23). The representatives from leading companies in Pakistan informed President Sirisena that they are ready for new investments in the fields…
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), continued to follow the declining trend exhibited since November 2017. As such, the year-on-year NCPI headline inflation decreased to 2.8 per cent in March 2018, lowest since April 2016,…
Mr. Luxman Siriwardena, the Executive Director, The Pathfinder Foundation and Director, Center for China – Sri Lanka Cooperation Studies Centre and Admiral Dr. Jayanath Colombage, Director, Center for Indo-Lanka Initiatives and Centre for the Law of the Sea were appointed as ‘Guest Professors’ at Leshan Normal University, Sichuan Province, China at the recently concluded International…
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