In accordance with prevailing market conditions – SriLankan Airlines rationalizes flights to China

SriLankan Airlines is rationalizing its services to China in accordance with current market conditions as per its long-held commercial policies, with a temporary reduction of frequencies to several cities. This is to better reflect present passenger demand in the wake of a significant reduction in the number of Chinese travelers venturing overseas following the outbreak of the Novel Coronavirus epidemic.

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Sri Lanka Can Boost its Development Tapping Agriculture and New Technology- World Bank

The World Bank reaffirmed its continued support to Sri Lanka’s growth and development for the benefit of all its people, as World Bank Vice President for South Asia, Hartwig Schafer concluded a four-day visit.

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2019 ends with US$7.6bn official reserves

Sri Lanka’s gross official reserves grew by US$118.05 million to US$7,638.5 million in December 2019 from US $ 7,520.45 million in November, latest Central Bank data showed.

By the end of December, foreign currency reserves were 6,609.1 million dollars while the reserve position in the IMF was 66.2 million dollars.

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Stock market to react positively after tax cuts – CT CLSA

CT CLSA Securities (Pvt) Ltd expects the stock market to react positively from today (28) following the slew of tax exemptions announced by the new government.
"The proposals are positive for sectors across the board with reduced taxes likely to drive the overall economic activity and the broader consumer sentiment.

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Fintrex Finance Signs MoU with Kegalle District Chamber of Commerce

With a strong commitment towards uplifting and empowering the SME sector, Fintrex Finance Ltd., signed a Memorandum of Understanding with the Kegalle District Chamber of Commerce - Industry and Agriculture, to help members obtain finance for the growth of their businesses.

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