Growth of credit extended to the private sector has picked up in December 2019, on a year-on-year basis, following a continued slowdown since December 2018.
Category: News
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 achieve its desired objectives. Full
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 completion of the partial refurbishment
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 pace of reduction has decelerated.
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 31, 2019. This is in
Coronavirus: Death toll rises as virus spreads to every Chinese region
The death toll of the coronavirus has risen to 170 and with a confirmed case in Tibet, the virus has now spread to every region
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 (SDFR) and the Standing Lending
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 Cabraal met with UK’s State
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 due to the delay in
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 and members of judiciary, will