Central Bank to wind up ETI Finance through Courts
The Monetary Board of the Central Bank (CB) has decided to cause the Director, Supervision of Non-Bank Financial Institutions to make an application to a competent court for the winding…
First Capital Expects Central Banks to hold its Policy Rates Steady
The Colombo-Based, First Capital Research expects the Central Bank to hold its policy rate steady at the upcoming monetary policy review amidst sweeping measures to insulate the economy. “We believe…
Sri Lanka and Thailand eye to finalize the Proposed FTA
The Foreign Minister Dinesh Gunawardena and the outgoing Ambassador of Thailand in Sri Lanka Chulamanee Chartsuwan has endorsed the importance of finalizing the Free Trade Agreement to spearhead the bilateral…
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President appoints De-Regulation Commission Chaired by Lalith Weeratunga and Krishan Balendra
President Gotabaya Rajapaksa has appointed an 18-member De-Regulation Commission for the Simplification of the Existing Laws and Regulations to spur the growth of the COVID-19 battered economy. The Commission is…
MSC to launch a new direct service from India to West Africa with a call at Port of Colombo
The World’s second-largest shipping line, the Mediterranean Shipping Company(MSC) announced a new direct service, MSC India Africa Service (IAS) from India to West Africa with a call at Port of…
India Agrees to Prioritize Sri Lanka in Providing COVID Vaccine
India’s foreign minister pledged Sri Lanka’s president Gotabaya Rajapaksa yesterday to prioritize the country when Indian-produced COVID-19 vaccines are ready for export, the President Media Division (PMD) said. Visiting Indian External…
Stocks cruise pass 7,000 psychological level after 7 years
The benchmark All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) broke the 7,000 point mark today for the first time since August 2014. The market saw a…
World Bank Forecasts 3.3% economic growth for Sri Lanka in 2021
The World Bank (WB) projects Sri Lanka’s economy to grow by 3.3 percent while expressing concerns over elevated debt distress in the country. The WB in its latest 2021 Global Economic…
Sri Lanka targets 1.5 million tourist arrivals for 2021
Sri Lanka targets 1.5 million tourist arrivals this year as the government plans to re-open the country’s airports to travelers within the month with COVID-19 health and safety guidelines in…
Cabinet directs Legal Draftsman to draft the Colombo Ports Commission Bil
The Cabinet of Ministers has approved a proposal instructing the Legal Draftsman to draft the Colombo Ports Commission Bill to place Colombo Port City as a leading investment hub in…