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) is compiled biannually covering the Colombo District since 1998. In the compilation process of LPI, CBSL uses the land price data collected by the Valuation Department…
Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) , declined to 4.5 percent in February 2018 from 5.8 percent in January 2018, the Department of Census and Statistics reported. The CCPI for all items for the month of February was 121.9 recording a decrease of 0.9 index points…
Prime Minister Ranil Wickremesinghe held a meeting with Singaporean Trade and Industry Minister S. Iswaran to discuss on ways to strengthen trade and economic ties between the two countries, today. The meeting which was held in Four Seasons hotel in Singapore, was based on the Free Trade Agreement (FTA) signed between Sri Lanka and Singapore…
President Maithripala Sirisena has given instructions to the Ministry of Finance, the Central Bank and to the Heads of State Banks to implement a comprehensive programme of 100 types of joint loan schemes, within the next few months, to provide assistance for the local small and medium-sized entrepreneurs and businessmen and women to uplift their…
Year 2018’s first-ever ‘Invest Sri Lanka’ Forum will kick off in Singapore today, with the country making a fresh effort to woo greater interest from international fund managers and businesses based in the city state. Prime Minister Ranil Wickremesinghe will keynote the Forum, for which over 400 fund managers and investors have registered to attend….
Wellness tourism sector has been identified as one of the key sectors for development and promotion in the National Export Strategy and accordingly, a plan of action has been developed with key stakeholders, said Indira Malwatte, Chairperson and CEO of Sri Lanka Export Development Board. The EDB has taken various initiatives to promote the Sri…
The Board of Investment of Sri Lanka recently hosted a 14-strong delegation from the IMC (Chamber of Commerce and Industry). The IMC has around 2700 direct members and includes diverse section of public and private limited companies and over 220 trade and industry associations. It is one of India’s leading Chamber of Commerce and Industry…
Sri Lanka Telecom (PLC) released its Group and Company financial performance 2017 today. The group comprised of 8 subsidiaries including Mobitel (Pvt) Ltd. During the reporting year Group Operating Profit Before Depreciation and Amortization (EBITDA) improved by 5.4% to Rs. 21.2 bn. This improvement is a result of revenue growth and minimum escalation of operational…
The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Asia-Pacific Leadership Network for Nuclear Non-Proliferation and Disarmament (APLN) recently concluded a three-day dialogue on nuclear policy and the prospects for nuclear nonproliferation and disarmament, in Colombo. APLN held the annual Regional Meeting for its members in South Asia and China from…
The second event in the series launched by the Colombo Stock Exchange (CSE) in association with the Colombo Stock Brokers Association (CSBA) to showcase S&P SL 20 companies to an exclusive audience of Local Institutional and High-net-worth Investors was recently held at the Taj Samudra Hotel. The event featured investment case presentations and discussions on…
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