Economic
The Board of Investment (BOI) said yesterday that it would continuously strengthen its foundation and lead the orchestration in attracting market transforming FDI (foreign direct investment) while contributing substantially to the Government’s transformative economic agenda.
Says move due to delay by authorities to revise prices upwards
Temporary halt will lead to short-term interruption of supplies
To lobby further with authorities to return to biz
Says subsidiary companies will continue with their normal businesses without any interruptions
The Colombo stock market yesterday managed a marginal recovery as, judging by low activity, investor sentiment remained lacklustre.
The Government has floated a fresh $ 110 million (maximum) Sri Lanka Development Bonds (SLDB) issue.
Fitch Ratings yesterday warned that Sri Lankan corporates could face rating pressure should the Government further restrict imports amid weakening external finances.
The Ceylon Chamber of Commerce (CCC) yesterday assured President Gotabaya Rajapaksa that it was eager to promote a number of sectors, including exports and tourism, as soon as the country returns to normalcy with its vaccination drive.
Reiterates Bill has many features that will not only strengthen the regulatory mechanism but significantly contribute towards development of the market
Assures every attempt made in Bill to ensure that there are no grey areas or ambiguities
Colombo City Centre (CCC) is offering exclusive rewards for customers who have been fully vaccinated. As an initiative to promote the importance of vaccination in the battle against COVID-19, the Colombo City Centre rewards scheme hopes to motivate citizens to extend their support towards the vaccination drive in Sri Lanka and reward them for their dedication on the path to recovery.
Softlogic Holdings Plc on Monday paid Rs. 1.12 billion for a 3.5% additional stake in Asiri Hospital Holdings Plc.
Bloomberg: Sri Lanka plans to repay a $ 1 billion bond by the Tuesday deadline, keeping intact its reputation for honoring debt as concern mounts about the nation’s overseas financing.
Export of gems, diamonds and jewellery have doubled this year in comparison to the corresponding period in 2020, with officials hinting that full year performance will be robust even though the industry remains wary of recent policy changes.
Sri Lanka Customs said yesterday it will not entertain clearance documents with ink (wet) signatures for processing Customs documents with effect from 1 August.
The Department of Census and Statistics (DCS) said on Friday that the National Consumer Price Index (NCPI) for June was 6.1%, the same as the previous month.
The Colombo stock market sustained its rally fired by new found optimism, with both indices up amidst near Rs. 5 billion turnover.
The Central Bank of Sri Lanka (CBSL) has published a special publication on the history of currency used in Sri Lanka, titled ‘The 70-year journey of currency issue and management’ co-authored by CBSL Retired Director Communications Shellomi H. Gunawardena and CBSL Retired Senior Manager W.M.K. Weerakoon.
The Central Bank has released the ‘Economic and Social Statistics of Sri Lanka – 2021’, an annual publication of the Central Bank (CB) for public access.
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