Development and Economic News
National consumer prices rise 2.7% in April as both food & non-food prices remain soft
Central Bank largely expected to keep rates unchanged next week as previous cuts doing their work
Thai delegation in SL to explore opportunities in renewable energy
A delegation comprising officials representing Thai agencies and private sector is in Sri Lanka to explore feasibility and understand the potentials in future cooperation and investment in renewable energy, particularly in the electricity generation in Sri Lanka.
France optimistic about conclusion of Sri Lanka’s debt restructuring very fast
French Ambassador Jean-François Pactet expressed optimism yesterday that Sri Lanka’s debt restructuring process could be concluded ‘very fast’ but declined to elaborate on more details
C. W. Mackie PLC Unveils New Logo, Signifying the Brand Being ‘Diverse with Excellence’
C. W. Mackie PLC, a diversified conglomerate with over a century's heritage in manufacturing, exporting,
Govt. revenue in January surge 62% on economic turnaround, higher taxes
January revenue and grants amounted Rs. 283 bn
March outstanding credit card balance stands at Rs. 148.7 bn
Credit card ceiling rate due for downward revision as other lending rates descend fast
Sri Lanka attracts over 46,000 tourists from May 1 – 12 this year
Sri Lanka welcomed over 46,000 international tourists for the first 12 days of May, a drop in momentum due to the start of the off peak season.
SLT-Mobitel reports marginal growth in 1Q amidst cost optimisation efforts
On a positive note, SLT-Mobitel witnessed an increase in Profit after Tax when compared to the previous quarter (Q4 2023), driven by improved EBITDA and operating profit, as well as forex gains and reduced interest costs.
Sri Lankan company bius a leading hotel in Derbyshire
A leading hotel in Derby, in the United Kingdom - Cathedral Quarter Hotel - has been sold to a Sri Lankan company, Derbyshire Live news agency reported.
CEB’s solar project awarding procedures raise eyebrows
Startling revelations have surfaced as to how Ceylon Electricity Board (CEB) has offered a solar project tender to the highest bidder and created a loss of several billions of rupees in the process to the national coffers.