LNP – Credit card spend continues uptrend implying consumer spending recovery
The outstanding balance of total credit cards in Sri Lanka continued to add on during July, though at a slower
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LNP – Sri Lanka ranked 83rd on Economic Freedom of World Index
Moves up 15 places from last year; but index compilers say only 2018 data considered for ranking Ranks weak in
Read moreLNP – Weaker reserves, debt repayments hinder SL’s ability to cut rates further: Moody’s
Says SL’s foreign reserves position set to weaken with settling of US $ 1bn scheduled for next month Points out
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LNP – Export earnings strike near US$ 1bn in August
Down 13% over July and 9% over the same month in 2019 Earnings in first 8 months down 19% to
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LNP – LMF Group eyes to double milk production with completion of Rs.3bn dairy farm
New dairy farm to come into operation first quarter, next year To double yoghurt production to 8mn cups with Rs.300
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LNP – Govt. renews call for debt service standstill from multilateral lenders
Finance State Minister says move could free up resources to provide more relief to people Current debt service suspension initiative
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LNP – Softlogic Life Insurance strikes big!
Secures US $ 15mn funding from Finnfund and Norfund Inks US $ 15mn financial reinsurance deal with MunichRe Softlogic Life
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LNP – India’s economic growth hit by record slump following virus lockdown
Indian GDP contracts 24% in first quarter (Mumbai) AFP: India’s economic growth suffered a historic 23.9 percent decline between April
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LNP – Colombo consumer prices ease in Aug.
Headline inflation slows down to 4.1% from 4.2% in July Non-food inflation contracts by 0.2% due to lower spending on
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