* Sri Lanka Foreign Minister presents awards to India's IES graduates in Colombo Sun, Dec 29, 2019, 08:59 pm SL Time, ColomboPage News Desk, Sri Lanka. Dec 29, Colombo: Foreign Minister Dinesh Gunawardena declared open an award ceremony organized by the Institute of Economic Studies (IES) of India under the theme, "Indo-Sri Lanka Economic Cooperation", as the Chief Guest, on … [Read more...] about Sri Lanka Foreign Minister presents awards to India’s IES graduates in Colombo
Blog
Sri Lanka to get US$250m real estate FDI, US$43mn from land sale
Sunday December 29, 2019 15:55:58ECONOMYNEXT – Sri Lanka’s cabinet has cleared a 250 million US dollars mixed development by an foreign investor who will also pay 43 million US dollars to lease a state land in the island’s capital Colombo, the finance ministry said. The promoter, Perennial Real Estate Holdings is expected to … [Read more...] about Sri Lanka to get US$250m real estate FDI, US$43mn from land sale
Government to launch first foreign investment project for US$ 250 million mixed development
* Government to launch first foreign investment project for US$ 250 million mixed development Sun, Dec 29, 2019, 09:47 am SL Time, ColomboPage News Desk, Sri Lanka. Dec 29, Colombo: The Ministry of Finance says the first foreign investment under the new government of President Gotabaya Rajapaksa will be launched shortly. The Ministry in a statement said a foreign … [Read more...] about Government to launch first foreign investment project for US$ 250 million mixed development
New Governor of Central Bank expects Sri Lanka’s economy to grow 4.5% in 2020
* New Governor of Central Bank expects Sri Lanka's economy to grow 4.5% in 2020 Fri, Dec 27, 2019, 11:09 pm SL Time, ColomboPage News Desk, Sri Lanka. Dec 27, Colombo: The newly appointed Governor of the Central Bank of Sri Lanka Deshamanya Professor W D Lakshman says the economy is expected to grow to 4.5 percent in 2020. Speaking at in his first press conference … [Read more...] about New Governor of Central Bank expects Sri Lanka’s economy to grow 4.5% in 2020
Sri Lanka rupee ends weaker, gilts yields up
Friday December 27, 2019 17:44:56 ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.45/55 to the US dollar in the spot market on Friday, while bond yields gained after the central bank kept policy rates stable.The rupee closed at 181.35/45 to the greenback on Thursday.Banks deposited 46.6 billion rupees at the … [Read more...] about Sri Lanka rupee ends weaker, gilts yields up
BoK to cut interest rates again, Sri Lanka on slow road to recovery: Capital Economics
Minutes from the Bank of Korea’s (BoK) November rate meeting reveal that while only one of the seven members of its Monetary Policy Board voted for a cut, other members also struck a dovish tone.The member who voted for the policy rate to be cut by 25bps to 1 percent, noted that “it is difficult to evaluate the current policy as accommodative enough”. But he was not alone in … [Read more...] about BoK to cut interest rates again, Sri Lanka on slow road to recovery: Capital Economics
Sri Lanka stocks gain on LOLC’s Cambodia deal
Friday December 27, 2019 15:50:24ECONOMYNEXT- Sri Lanka’s stocks closed 0.59 percent higher on Friday, gaining on LOLC Holdings, provisional data showed. The All Share Price Index (ASPI) of the Colombo Stock Exchange closed 35.95 points up at 6,122.64. The index gained throughout the … [Read more...] about Sri Lanka stocks gain on LOLC’s Cambodia deal
Country can’t benefit if brothers fight: Rahul
Country can’t benefit if brothers fight: Rahul Raipur: Former Congress President Rahul Gandhi on Friday attacked the policies of the central government and said that unity in diversity is our strength, and the strength of the country will increase by uniting all. He said “making brothers fight against each other cannot benefit the country.”Rahul Gandhi was speaking … [Read more...] about Country can’t benefit if brothers fight: Rahul
Sri Lanka keeps policy rates unchanged
However the agency had been injecting cash below the ceiling rate at around 7.50 percent in December, to sterilize and exceed a seasonal demand for cash drowns, making some banks place over 50 billion rupees of excess money in the central bank at the floor 7.0 percent rate. While the 12-month inflation number had eased to 4.4 percent in November from 5.4 percent in October, the … [Read more...] about Sri Lanka keeps policy rates unchanged
Government adds finance companies to SME support
Prime Minister’s Senior Advisor on Economic Affairs Ajith Nivard Cabraal chairs the meeting of Central Bankers and banking sector CEOs at Temple Trees on Tuesday Monetary Board meeting today under new Governor to discuss, formally approve one year freeze on capital repayment of SME loans, finance and leasing company facilities taken, up to Rs. 300 m Directives to be … [Read more...] about Government adds finance companies to SME support
