Weekly Economic Indicators News Today

‘Sudden Deaths’ due to cardiac arrest has become one of the leading causes of deaths in Sri Lanka. Receiving Cardiopulmonary Resuscitation (CPR) and an electric shock to the heart from a Defibrillator immediately during a cardiac arrest, gives a 50% – 70% chance of survival. An Automated External Defibrillator (AED) is a device made for […]

The Monetary Board of the Central Bank of Sri Lanka decided to cancel the Finance Business Licence issued to Swarnamahal Financial Services PLC (SFSP), in terms of Section 37(3) of the Finance Business Act, No. 42 of 2011 (FBA) with effect from 28th December 2022. Accordingly, SFSP is not permitted to engage in Finance Business […]

The functions of Human Resources (HR) departments have grown more complex over time as organizations have realized the true value of human capital. A leader in the banking and financial services space, and a pioneer in sustainable finance, DFCC Bank is also a leader in the space for People Management best practices. Understanding how People […]

By Pavithri Peiris Year 2022 began with a lot of optimism. Monthly auction average prices continuously increased and more sharply from April. However, as anticipated, the crop shortfall was inevitable due to the fertilizer crisis. As the year progressed, the Sri Lankan tea industry faced numerous challenges. Subsequent to the banning of Chemical fertilizer by […]

The De Lanerolle Brothers, Colombo’s most beloved musical duo, returned with a grand concert on the 24th of October 2022, at the Hilton Colombo. Performing to a sold-out house, the much-awaited concert was booked to the brim long before the show date was announced. This was the Brothers’ first major concert in over 2 years, […]

By Hiran H.Senewiratne CSE trading started on a positive note yesterday but subsequently shares slipped in mid- market trade. The market is on slow sentiment after the holidays and neutral sentiment prevails in the macro-economic arena, stock market analysts said. With dull market conditions, low investor participation and low turnover level below the average level […]

By Sanath Nanayakkare Making an interesting bet on the cost of borrowing money by entrepreneurs and businesses, Supul Wijesinghe, CEO of SMB Finance predicted a fall in interest rates in 2023 or in the foreseeable future. “Interest rates should come down next year or in the foreseeable future as a result of the measures being […]

Sri Lankan economy has contracted by 8.4 per cent in Q2 2022, according to Weekly Economic Indicators of the Central Bank. “This was mainly due to the contractions of 10.0 per cent in Industry activities, 2.2 per cent in Services activities and 8.4 per cent in Agriculture activities,” the report said. “Meanwhile, Taxes less Subsidies […]

Sri Lanka’s export unit value index increased in July 2022 significantly, but its import unit value index eclipsed the gains made by the former, according to Weekly Economic Indicators of the Central Bank of Sri Lanka (CBSL).The export unit value index increased by 14.6 per cent, (year-on-year), in July 2022 due to higher prices registered […]

LKR depreciates against US dollar by 25.2 percent Outstanding central government debt increased to Rs. 17,413.7 bn by end November 2021 from Rs. 15,117.2 bn as at end 2020, according to data given by the Central Bank of Sri Lanka. During the year up to 18th March 2022, the Sri Lankan rupee depreciated against the […]