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Wednesday, 05 May 2021 11:03

COVID-19 shocks Sri Lankans and Economy

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The Coronavirus (COVID-19) crisis has dealt a significant shock to Sri Lanka’s economy and people. This note examines the expected impact on poverty and inequality amid widespread job and earnings losses.

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The Lanka Micro Finance Practitioners’ Association (LMFPA) said it was concerned over several protests and media reports over indebtedness seemingly due to alleged malpractices of microfinance institutions.

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The Central Bank issued fresh instructions to the banks preventing them from purchasing Sri Lanka-issued International Sovereign Bonds (SLISBs) “until further notice”, ending the month-long stop-gap instructions issued thus far.

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Palm oil importers and producers cultivators suffered a major blow as Sri Lanka banned imports of the world’s most-consumed cooking oil and ordered to get rid of all the tropical trees in the country in phased manner.

Thursday, 29 April 2021 10:11

Sri Lanka tyre market suffers a shortage

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The Sri Lanka market for tyres, Passenger Car Radials or PCR in particular, has witnessed a shortage over the last two years due to heavy dependence on imports market sources revealed.

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The Commercial Bank of Ceylon has become the first Sri Lankan bank to achieve carbon neutrality for the entirety of its operations

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airman billionaire businessman Dhammika Perera is continuing its business expansion with its latest acquisition of South Asia Textiles Ltd. (SAT) for Rs. 4 billion or 2.5 times book value.Sri Lankan multinational conglomerate Hayleys Plc headed by its Chairman Mohan Pandithage and Co-Ch

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As part of furthering capital market development, the Securities and Exchange Commission (SEC) is promoting several new investment options, some of which are first-of-their-kind in Sri Lanka.

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The Lanka Micro Finance Practitioners’ Association (LMFPA) said this week it was concerned over several protests and media reports over indebtedness seemingly due to alleged malpractices of microfinance institutions.

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Palm oil import ban by cash strapped government issuing a gazette notification on April 06 along with guidelines without any clarity is leaving the local industry and importers in distress due to delay in implementing guidelines.

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