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Yearly Archives: 2018

Banking sector to have a steady phase up to 2020

First Capital Research expects the banking sector to have a steady phase during 2018E-20E with stable credit growth, improving GDP growth supporting lower Non Performing loans and lower interest rate volatility leading to stable net interest margins.   “We expect our banking sector universe to provide 25% average return over …

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New board of directors for Sri Lankan

State Enterprise Development Minister Kabir Hashim says that the government has decided to appoint a new chairman and a board of directors for the SriLankan Airlines with a view to reviving the airline.   The minister has, in a media statement. condemned what he calls attempts by certain parties with …

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Sri Lanka to raise USD 5 billion from bonds in 2018

The Sri Lankan government hopes to raise a record USD 5 billion through bond issues this year as it seeks to repay its substantial debts and finance development projects. The cabinet of ministers has approved a proposal put forward by the Minister of Finance and Mass Media Mangala Samaraweera to …

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PM thanks Bond Commission for 10 months of exceptional service

Prime Minister Ranil Wickremesinghe issued a communiqué thanking the Presidential Commission of Inquiry for the Bond Issuance of the Central Bank for 10 months of exceptional service and the provision of unbiased recommendations. He further stated that both the recommendations of the Bond Commission and the report of the COPE …

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Fertilizer shortage ends

Sri Lanka has received the stock of 40,000 metric tons of fertilizer from Pakistan, and the fertilizer shortage prevailed in the country will end from today, the co-cabinet spokesman, Minister Dayasiri Jayasekara said. The Minister said that steps have been taken to transport the stock of fertilizer from the Colombo …

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Four persons arrested for pasting election posters

Police arrested four persons for pasting election posters at the Power House Junction, Sapugaskanda, yesterday, around 5 am. They also took into custody a three wheeler, in which the suspects had been travelling and 170 posters.   About 100 persons have been arrested so far for violating election laws since …

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LG election win is important for the government: PM

Prime Minister Ranil Wickremesinghe told the UNP candidates contesting for the February 10 local government election that this poll is of importance for the government if it is to return to power in the year 2020. The Prime Minister had come up with these sentiments while addressing the candidates at …

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