Sri Lanka’s private sector credit growth picks up in December
Growth of credit extended to the private sector has picked up in December 2019, on a year-on-year basis, following a…
Category: Local
Colombo Chamber submits proposal to effectively implement SME moratorium
Colombo Chamber of Commerce has decided to submit several proposals for the effective implementation of the moratorium for SMEs and…
Maldivian hotels resume operations, Avg room rates above expectations: JKH
Sri Lanka’s diversified John Keells Holdings says that all four of their Maldivian hotels are now in operation with the…
Current trends may lead to undesirable turnaround in market lending rates
Market lending rates have adjusted downwards, in response to monetary and regulatory measures taken by the Central Bank, but the…
Lanka IOC (LIOC) reports profit of Rs490mn for the quarter
Colombo Stock Exchange listed Petroleum retailer Lanka IOC (LIOC) has reported a profit of Rs490mn for the quarter ended December…
Central Bank reduces its policy interest rates
The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate…
Ajith Nivard Cabraal met with UK’s State Minister for Trade Policy, Conor Burns
Senior Advisor to the Prime Minister on Economic Affairs Senior Advisor to the Prime Minister on Economic Affairs Ajith Nivard…
CEB incurs Rs 250 million daily loss due to delay in Norochcholai Stage II – Minister
Minister of Power and Energy Mahinda Amaraweera said Ceylon Electricity Board (CEB) incurs a daily loss of Rs. 250 million…
Copies of Ranjan Ramanayake’s phone calls to police today
The copies of former state minister Ranjan Ramanayake’s audio recordings, which include 120,000 telephone conversations with politicians, high ranking officials…
Philippine Navy ships depart the island
Two Philippine Navy ships “Remon Alcaraz” and “Davao Delsur” which arrived in Sri Lanka on a three-day goodwill visit, departed…