April inflation subdued over base effect

2020-05-03   |   Business

Inflation for the month of April was recorded at 5.2 percent, as the prices measured for the 12 months to April was slightly lower than the 5.4 percen...

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China’s grand e-currency experiment set to begin this month

2020-05-03   |   Business

WION: China has claimed that the country is rolling out its digital currency in four cities starting next week.Owing to the COVID-19 pandemic, the hea...

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Luxury taxes added to vehicles less than 1,000cc after rupee depreciation: Importers

2020-04-29   |   Business

Due to the increase of the value of Japanese Yen and the US Dollar against the Sri Lankan Rupee after March 20, the vehicles with engine capacity less...

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March merchandise exports plunge record 42%

2020-04-29   |   Business

Sri Lanka’s merchandise export earnings in March plunged a record 42 percent year-on-year (YoY) to US $ 646 million, with the COVID-19 pandemic spre...

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Australia blasts Chinese Ambassador for threatening to ruin economy

2020-04-29   |   Business

Australia, (Daily Mail), 28 April 2020 -   Australia has asked the Chinese ambassador to explain his ‘economic coercion’ threat made in ...

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CB imposes maximum interest rates on pawning advances

2020-04-28   |   Business

The Central Bank has imposed maximum interest rates on pawning advances of licensed banks to provide relief to low income families affected by the COV...

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State and private sector accelerate e-commerce spend as COVID-19 alters shopping habits

2020-04-27   |   Business

As COVID-19 is altering almost everything including how people shop for their day-to-day needs, some chief executives expect such changes are here to ...

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SL to reposition exports to meet new market conditions resulting from COVID-19 crisis

2020-04-24   |   Business

Sri Lankan Missions abroad seek to re-position Sri Lanka’s exports to meet market conditions resulting from the COVID-19 crisis, the Foreign Relatio...

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“We need to make every investment count now more than ever,” says UNDP Economist

2020-04-24   |   Business

By Shabiya Ali AhlamAs Sri Lanka is in the midst of exploring all possible avenues to bounce back from the upheaval set in motion by the coronavirus p...

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WB forecasts 19% decline in remittances to Sri Lanka this year

2020-04-23   |   Business

The worker remittance inflows to Sri Lanka this year are projected to decline by 19 percent year-on-year (YoY), driven by the global economic slowdown...

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