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Gross official reserves estimated at USD 5.7bn at end 2020
Sri Lanka’s gross official reserves were estimated at US dollars 5.7 billion at the end of 2020, with an import cover of 4.3 months, the Central Bank said continuing its accommodative monetary policy stance. The trade deficit is expected to have narrowed by over US dollars 2.0 billion in 2020 in comparison to the previous […]
The differences between big data, data science and data analytics – and why it matters to your business.
As today’s software development practices form their foundations on the cloud through cloud support services, digital applications are more interconnected than ever before. If your IT agency is a dedicated AWS partner (or partnered with any other leading provider, for that matter) this implies a relationship with an entity apart from your development team. This […]
SL has fastest growing ageing population in SA: Needs meaningful integration of older persons
Sri Lanka has the fastest growing ageing population in South Asia and it is predicted that by 2030, 1 in 5 Sri Lankans will be over the age of 60 with the majority being women- thus bringing about unique challenges and opportunities that the country must be prepared for especially in the context of emergency […]
Eran warns “Be careful of pump and dump in stock market”
Jan 18, 2021 (LBO) – Former State Minister of Finance Eran Wickramaratna said that when we hear the message of share market it was not only the message but we also need to look at the messenger as well. “We hear a lot of comments on basically about economy, lots of nice stories and fairy […]
Test, Trace, Treat – Putting Sri Lanka’s Pandemic Management Mantra into Practice
Sri Lanka’s extensive network of public healthcare workers has been the underlying force behind the country’s pandemic response. This series of articles, beginning with the Puttalam District, aims to capture the ground realities of pandemic management, from the perspectives of public health workers around the country. Highlights: Sri Lanka’ test, trace, treat pandemic management strategy […]
”; outlook stable
Fitch Ratings has affirmed Sir Lanka Telecom PLC’s (SLT) National Long-Term Rating at ‘AA-(Ika)’. The Outlook is Stable. We have also affirmed the ‘AA-(Ika)’ national rating on the company’s LKR7 billion of senior unsecured debt. SLT’s ratings are constrained by the sovereign’s ratings as per Fitch’s Government-Related Entities Rating Criteria, as the state holds a […]
SEC welcomes market performance; low bank interest rates attract local investors to CSE
The Securities and Exchange Commission of Sri Lanka (SEC) welcomes the record-breaking performance of the Colombo Stock Exchange (CSE). Bloomberg has identified the CSE as the second best performing equity market in the world. On 15th January 2021, the CSE saw 61,722 trades which is the highest number of trades ever in a single day […]
Park & Ride bus service to ease traffic congestion launched
The first phase of the Park & Ride bus service was inaugurated at the Makumbura Multimodal Transport Center, Kottawa today (Jan. 15) in the presence of President Gotabaya Rajapaksa as a solution to the heavy traffic congestion surrounding Colombo city limits. The “Park & Ride” aims to minimize the number of automobiles travelling to and […]
RPCs lay out final proposal to remunerate workers Rs. 1105 per day
In a meeting today between the Minster of Labour Hon. Nimal Siripala de Silva and the Chairmen of all Sri Lankan Regional Plantation Companies (RPCs), a final proposal has been submitted towards ensuring a sustainable earnings model for the sector. This proposal takes into consideration the sustainability of both the industry and livelihoods of plantation […]
Buying apartments the right way: 3 things to be mindful of
By Lanka Proprty Web From vertical living to multi-storied houses and ancestral homes in the countryside, housing has evolved throughout the years in different ways in different countries. The industrialized nations are branching out their vertical living styles to higher stories, while in the developing world housing is growing larger in width. In Sri Lanka, […]
‘s Bank
People’s Bank wishes to place on record the following with regard to certain opinions expressed or reported recently on media; People’s Bank, as a state owned entity and a bank that possesses the largest customer base and branch network in Sri Lanka, enjoys an unparalleled position of stability and security. As a result of the […]
Sri Lanka to commence charter flights to Myanmar from mid-2021
Sri Lanka can commence charter flights from mid-2021, in the post COVID-19 phase said Regional Manager (Southeast Asia) of the Sri Lankan Airlines, Mohan Meegolla, at a meeting organized by the Foreign Ministry. The meeting was chaired by the Foreign Secretary Admiral Prof, Jayanath Colombage, to discuss the possibility of establishing air connectivity with Myanmar. […]