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Sri Lanka’s external sector strengthened further in June 2019 with a marked contraction in the trade deficit while gross official reserves were augmented with the proceeds of the issuances of two international sovereign bonds (ISBs).

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Associated Motorways (Private) Limited, a trailblazers in Sri Lanka’s automotive segment, launched the Yamaha FZ & FZ – S version 3.0 models to the Sri Lankan market at a ceremony held at the Yamaha showroom recently.

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Sri Lanka’s headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 increased marginally to 2.2 per cent in July 2019 from 2.1 per cent in June 2019, Central Bank announced.

Thursday, 22 August 2019 06:01

CoPE calls for fresh UL investigation

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The Committee on Public Enterprises (CoPE) yesterday called for an independent investigation into the losses of SriLankan Airlines, to understand the causes and identify people responsible for the losses and to hold them accountable.

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Peoples Bank, a state owned leading commercial bank is to strengthen its financial stability and effectiveness in its operations.

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Sri Lanka’s tourism industry is picking up pace with a marked increase in arrivals which had affected after the Easter Sunday terror attacks on churches and hotels, official sources said.

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Sri Lanka's trade deficit in the first half has contracted by a whopping $ 2.1 billion, thanks to robust exports and decline in imports.

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Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance), India’s leading Non-Banking Finance Company (NBFC), has entered into a joint venture with Ideal Finance Ltd. (IFL), a fully-owned subsidiary of the leading Sri Lankan conglomerate Ideal Group.

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The Securities and Exchange Commission of Sri Lanka (SEC) recently filed action before the Fort Magistrate’s Court against four persons for market manipulation, conspiracy to commit market manipulation, and aiding and abetting with respect to the shares of Radiant Gems International PLC (RGEM), listed on the Colombo Stock Exchange during the period 2-29 September 2011.

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The long-awaited $50 million global Ceylon tea promotion campaign will be kicked off next month in Moscow, Russia followed by 11 other key markets in a bid to boost export earnings.

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