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Fri, 19 Apr 2024 Today's Paper
29 May 2014 - 0 - 6507
Pakistan, Sri Lanka’s second largest trade partner in the region, has indicated interest in expanding its free trade agreement (FTA) trade with the island, creating growth in bilateral trade, which already exceeds the US $ 460 million mark, according to Sri Lanka’s trade ministry.
29 May 2014 - 0 - 5858
The total government debt increased to Rs.6793 billion in 2013 from Rs.6000 billion in 2012, according to the 2013 annual report of the Finance and Planning Ministry released yesterday.
27 May 2014 - 0 - 9654
Sri Lanka’s tea sector players are likely to benefit from the new demand coming from the ageing population in the global market place, particularly from countries such as Japan, Europe and the US, according to a recent study by the Business and Information Division of the Ceylon Chamber of Commerce.
27 May 2014 - 0 - 6792
Sri Lanka’s March trade deficit contracted 15.5 percent year-onyear (YoY) to US $ 602.2 million amid higher export earnings and moderate import expenditure, the latest data released by the Central Bank showed.
05 May 2014 - 3 - 9089
Sri Lanka’s Central Bank Governor urged top banking and non-banking sector officials to “put their thinking caps on” in order to ensure that financial sector consolidation can be a seamless transition into something new, exciting and sustainable.
02 May 2014 - 1 - 8254
Consolidation of the banking and non-banking sectors is not an ad-hoc arrangement but is part of an overall strategy and is being done at the most suitable time for the country, Sri Lanka’s Central Bank Governor, Ajith Nivard Cabraal said.
23 Apr 2014 - 0 - 7480
The Monetary Board of Central Bank yesterday decided to keep the policy rates unchanged with government and state-corporations borrowing less, which in return has created a favourable environment for private credit to pick up, the Central Bank said.
22 Apr 2014 - 1 - 10657
A sharp decline in Sri Lanka’s coconut oil production in 2013 has resulted in significantly more palm oil imports, which is a close substitute for coconut oil, the 2013 Central Bank annual report showed.
21 Apr 2014 - 0 - 10754
Sri Lanka has been rated among the top 10 broadband countries in terms of growth in 2013 by Broadband Forum, a leading non-profit telecom industry consortium dedicated to developing broadband network specifications.
21 Apr 2014 - 0 - 7640
Sri Lanka’s vehicle registrations in March rose 16 percent to 26,921 units over February, though the increase was mainly due to the less number of days and more holidays in February, according to a monthly analysis of vehicle registrations by research and stock brokerage firm, JB Securities Limited.
09 Apr 2014 - 0 - 10149
Sri Lanka is on course to achieve macro-economic targets in the near-medium term, and focus must now shift towards longer-term targets up-to and beyond 2030, according to Central Bank of Sri Lanka (CBSL) Governor, Ajith Nivard Cabraal.
07 Apr 2014 - 0 - 10118
Sri Lanka’s tourist arrivals rose 17.5 percent Year- on-Year (YoY) to 133,048 in March 2014, with Russia, China, Saudi Arabia and the UAE leading the list, data released by the country’s tourism authority showed. Arrivals in the first three months of the year were up 24.8 percent YoY to 421,501.
02 Apr 2014 - 1 - 10741
The Central Bank yesterday informed the public of maximum interest rates that could be offered for deposits by finance companies, with effect from April 1, 2014.
01 Apr 2014 - 0 - 9722
Sri Lanka’s annual inflation increased to 4.2 percent in March, unchanged from the previous month, the data released by the Census and Statistics Department showed.
25 Mar 2014 - 0 - 7188
Sri Lanka’s premier business chamber, the Ceylon Chamber of Commerce (CCC), yesterday endorsed the ongoing financial sector consolidation advocated by the Central Bank of Sri Lanka.
18 Mar 2014 - 0 - 7438
The Sri Lankan gross domestic product (GDP) grew at 7.3 percent in 2013 against a previous 6.3 percent in 2012, the data released by the Census and Statistics Departmentshowed.
17 Mar 2014 - 0 - 7858
Job retrenchment and streamlining of cost structures are likely to be an inevitable by-product of consolidation in the banking and finance sector, according to Association of Professional Bankers of Sri Lanka President and Sampath Bank Managing Director, Aravinda Perera.
17 Mar 2014 - 0 - 6645
Sri Lanka’s tourist arrivals rose 24.5 percent Yearon-Year (YoY) to 141,878 in February 2014, with India, Russia and China leading the list, data released by the country’s tourism authority showed.
25 Feb 2014 - 0 - 9610
Mega vessel, Zhen Hua 11 recently shipped a large consignment of gantry cranes and container trailers for the newly built Colombo International Container Terminal (CICT).
20 Feb 2014 - 0 - 9383
The Cabinet of Ministers of Sri Lanka once again appears to have approved investment concessions for three super luxury integrated resort projects, the recent gazette notification published showed.
11 Feb 2014 - 0 - 8709
The export earnings rose 13.2 percent year-on-year (YoY) to US $ 986.1 million while the import expenditure expanded 2.1 percent YoY to US $ 1.56 billion in December2013.
10 Feb 2014 - 0 - 9360
Sri Lanka received 146,575 tourists during the month of January (2014), up 32.6 percent from the corresponding month of the previous year, data released by the country’s tourism authority revealed.
06 Feb 2014 - 0 - 10130
Sri Lanka’s rubber prices have seen a considerable decline since the beginning of the new year, an analysis of the Colombo rubber auction prices by Mirror Business showed.
05 Feb 2014 - 0 - 9980
Bloomberg’s regular economic forecast on Sri Lanka showed a sense of relative optimism for 2014 on many indicators, though they remained below the Central Bank’s overly ambitious estimates for the ensuing years.
05 Feb 2014 - 0 - 10072
The average city hotel occupancy rate during the year 2013 stood at 65 percent, down from 70 percent in 2012, despite an increase in tourist arrivals, Colombo City Hotels Association Chairman M. Shanthikumar said.
03 Feb 2014 - 0 - 8892
Sri Lanka’s business climate stands as the island’s strongest attraction for Foreign Direct Investment (FDI), a factor which must be greatly improved on through targeted reforms, Ceylon Chamber of Commerce (CCC) Chairperson and Lion Brewery CEO, Suresh Shah said.
03 Feb 2014 - 0 - 8816
Satisfactory progress has been made on the consolidation of banking and non-banking sectors of the country, Central Bank in a recent statement said.
03 Feb 2014 - 0 - 8579
Standard Chartered Bank (StanChart) says the Central Bank is likely to further cut key policy rates if no significant improvement was recorded in private sector credit growth amid falling headline inflation.
22 Jan 2014 - 3 - 9136
Sri Lanka’s interest rates are at an appropriate level and the Central Bank probably will keep borrowing costs steady for the next three to six months if current conditions persist, Governor Ajith Nivard Cabraal was quoted as saying to Bloomberg.
22 Jan 2014 - 0 - 8469
The Central Bank yesterday dismissed recent allegations of manipulating economic statistics by the Department of Census and Statistics (DCS), saying that such allegations are “unfounded and baseless.”
19 Apr 2024