All Stories in Economic

Stocks hit 3 month high

Stocks hit 3 month high

Sri Lankan shares hit a three-month closing high on Friday as investors bought banking and construction stocks, brokers said. Construction shares have been rising ever since the government gave its consent to restart a $1.4 billion port city deal on hopes the sector would see …

China is likely to adopt open attitude toward Japan-Sri Lanka cooperation

China is likely to adopt open attitude toward Japan-Sri Lanka cooperation

China doesn’t have to be overly sensitive about Japan’s cooperation with Sri Lanka in the construction of harbors located along key maritime routes in the Indian Ocean, as long as the harbors will not be used for military purposes. Media reports have said Japan’s government …

Talks begin on economic and technical cooperation agreement

Talks begin on economic and technical cooperation agreement

India and Sri Lanka on Tuesday began preliminary official level talks on an Economic and Technical Cooperation Agreement (ETCA) which the two countries hope to sign by year end. The four-member Indian delegation is led by Bhupinder Singh Bhalla, Joint Secretary ,Ministry of Commerce. The …

Colombo Stock Exchange launches online services

Colombo Stock Exchange launches online services

Online Services for CDS Account Holders Launched via www.cdseconnect.lk Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), announces the launch of CDS e-connect, a secure electronic business portal that offers an array of online services to CDS …

“Too big to fail”

“Too big to fail”

If there is a bright spot in Sri Lanka and China’s multi-billion dollar Hambantota debacle it’s that nobody has given up on it yet. “Too big to fail” is a term that’s often been applied to China’s large-scale developments which don’t take off right away …

The challenge for Sri Lanka is development, generating growth and employment

The challenge for Sri Lanka is development, generating growth and employment

Public Enterprise Reform: Sri Lanka Economic Summit 2016. By Mangala Samaraweera.                                           When the National Unity Government was elected just over a year and a …

Govt. mulls mass public sector reforms

Govt. mulls mass public sector reforms

Government efforts at Public-Private Partnerships (PPPs) have to be uncomplicated and centered on reality checks of past failures said panelists who participated in the closing session of the Sri Lanka Economic Summit 2016, organised by the Ceylon Chamber of Commerce (CCC). Development Strategies and International …

Shares up on hopes of macro economic improvement

Shares up on hopes of macro economic improvement

Sri Lankan shares rose on Wednesday, heading for their fifth straight session of gains, as investors continued buying shares hoping for improved macro economic fundamentals after the central bank rate hike, analysts said. The central bank last week raised its main interest rates by 50 …

Central Bank raises policy rates

Central Bank raises policy rates

Sri Lankan shares ended steady in thin trade on Friday, though cautious investors fear the gains would be short-lived, as the central bank’s surprise move to raise key policy rates will hurt market sentiment. After market hours on Thursday, the raised its key interest rates by …

Economy can grow 5%

Economy can grow 5%

Sri Lanka’s economy can still grow 5 per cent or slightly faster this year even after increases in its monetary policy rates, the central bank (CB) governor said on Friday. Early this year, the central bank projected 5.8 per cent growth for 2016 early this …