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Thursday, 28 January 2021 07:02

World’s best stock rally is in SL: Bloomberg

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www.bloomberg.com: Sri Lanka stocks have returned a world-beating 30% so far in 2021 as domestic investors get more active.

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Sri Lanka is to enter into Inland Fish Canning industry in a big way with private sector participation.

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Despite global negativity, the Colombo Stock Exchange (CSE) has emerged the best performing stock market in the world as of 19th January 2021 due to local positivity.

Wednesday, 27 January 2021 07:24

New industrial estate for Rs. 30 b investment

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Cabinet has given approval for State land to be used to set up a new industrial estate in Katana to facilitate 150 investors that are expected to invest Rs. 30 billion and create 11,500 jobs, an official said yesterday.

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Sri Lanka Tourism yesterday said the country has welcomed over 400 international tourists after reopening borders on 21 January, and expressed confidence that interest will build up gradually towards the first half of the year.

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Sri Lanka’s annual tea production of 278.4 million kg in 2020 was the lowest on record since 1997 and a significant drop compared to 2019’s 300 m kg. The lowest on record was in 1997 when 276 mn kg was produced, Asia Siyaka Commodities report stated.

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Sri Lanka’s economic growth is likely to ‘strongly rebound’ in 2021 to around 5 to 6 per cent even amidst the corona virus pandemic-related disruptions continuing to take a toll on the island nation’s fragile economy, Central Bank Governor Prof. W.D. Lakshman said.

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Sri Lanka’s economic growth is likely to ‘strongly rebound’ in 2021 to around 5 to 6 per cent even amidst the corona virus pandemic-related disruptions continuing to take a toll on the island nation’s fragile economy, Central Bank Governor Prof. W.D. Lakshman said.

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Sri Lanka’s electricity demand, sales and investment needs are growing rapidly compelling the Ceylon Electricity Board (CEB) to increase end user tariff making it cost effective, and expedite the implementation of power plants.This was highlighted in the Asian Development Bank funded power sector assessment report.

Tuesday, 26 January 2021 07:09

Govt. directs biz to local contractors

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The Government yesterday directed all State institutions, including Ministries, Provincial Councils, Local Government Authorities and statutory boards to allow local companies to exclusively bid for Government construction contracts.

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