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CSE trading hours extended

BusinessTags: Print EditionThe Securities and Exchange Commission of Sri Lanka (SEC) has issued a directive to the Colombo Stock Exchange (CSE) to extend trading hours from next Monday, April 10, 2023. The trading hours are set out as :…

Domestic economic activity expected to recover gradually towards latter part of 2023

BusinessClaude GunasekeraTags: Print EditionDomestic economic activity is expected to recover gradually towards the latter part of 2023 and sustain the recovery over the medium term, said Governor Central Bank Dr. Nandala Weerasinghe. This…

Growth in developing Asia forecast at 4.8%

BusinessTags: Print EditionGrowth in developing Asia is forecast at 4.8% this year and in 2024, up from 4.2% last year. The People’s Republic of China’s (PRC) recovery and healthy domestic demand in India will be the region’s main growth…

Peoples Bank presents 2022 Annual Report to Treasury Secretary

BusinessTags: Print EditionPeople’s Bank Chairman Sujeewa Rajapakse presented the People’s Bank’s Annual Report for the year 2022 to Secretary to the Treasury of Ministry of Finance, Economic Stabilization and National Policies K. M Mahinda…

Lanka must introduce innovative, technology advanced products to exports – EDB Chairman

BusinessDr. Kingsley BernardTags: Print EditionVeteran Export Professional Dr. Kingsley Bernard assumed Chairmanship of the Sri Lanka Export Development Board (EDB) on April 3. He succeeds the outgoing Chairman Suresh D de Mel who ended his…

Cost-reflective pricing the panacea

CEB reforms by May BusinessEnergy Minister Kanchana Wijesekere Tags: Print EditionPower and Energy Minister Kanchana Wijesekera identified cost-reflective pricing as the panacea to the problems ailing the energy sector in the country.…

World Bank to assist with sale of SriLankan Airlines

BusinessTags: Print EditionSri Lanka’s Ministry of Finance is liaising with the International Finance Corporation (IFC) a subsidiary of the World Bank regarding the divestment of state-owned SriLankan Airlines, along with subsidiaries…

Implementation of structural reforms vital for SL to reset its course – World Bank

BusinessFaris H. Hadad-Zervos Tags: Print EditionSri Lanka’s heightened fiscal, external, and financial sector imbalances and its fluid political situation pose significant uncertainty for the country’s economic outlook, says the World…

“Sri Lanka needs to be successful with 17th bailout plan”

Will not have a second chance Business Fizel JabirDr. Nandalal WeerasingheTags: Print EditionThe country is gradually coming out of the crisis but not out of the woods yet but making some progress, Central Bank Governor Dr Nandalal…